Frost & Sullivan Released Report: "The Fourth Revolutionary Wave of Biologics Manufacturing: CDMOs Empower Large-Scale Production of Biologics"
Shanghai, China--(Newsfile Corp. - May 29, 2024) - Frost & Sullivan released a report, titled "The Fourth Revolutionary Wave of Biologics Manufacturing: CDMOs Empower Large-Scale Production of Biologics".
- Shanghai, China--(Newsfile Corp. - May 29, 2024) - Frost & Sullivan released a report, titled "The Fourth Revolutionary Wave of Biologics Manufacturing: CDMOs Empower Large-Scale Production of Biologics".
- The global market size of biologics CDMOs has grown significantly from US$13.3 billion in 2018 to US$29.3 billion in 2022.
- Given the challenges in process development and production for different biologics types, specialized CDMO services for each type have emerged.
- In the fourth revolutionary wave of biologics manufacturing, leading companies invest heavily in production capacity to remain competitive
The world's leading CDMOs are ramping up capacities for the large-scale commercial production of biologics.