With the surge in API demand, the contract pharmaceutical fermentation service market will reach US$4 billion by 2026

In a recent market analysis, Fact.MR published convincing insights on the factors affecting global contract pharmaceutical fermentation service market sales, providing readers with a comprehensive analysis. The research covers the latest developments in market segmentation, including platforms, services, product types and end users in seven regions.

Fact.MR-market research and competitive intelligence provider: Fact.MR believes that by 2026, the global contract pharmaceutical fermentation service market is expected to reach US$4 billion, with a compound annual growth rate of 5.9%. The continued expansion of the pharmaceutical industry forces manufacturers to invest in contract manufacturing to speed up the drug development process, which in turn promotes market growth.

Increasing adoption of Active Pharmaceutical Ingredient (API) development has further created the need for bulk supply of contract pharmaceutical fermentation services. In addition, the growing applications in the production methods of therapeutic proteins, intermediates, peptides and fragmented antibodies have also increased market demand.

Through this process, manufacturers are developing drugs that can cost-effectively develop new drug formulations. The emerging demand for new drugs and vaccines is expected to drive market growth in the next few years.

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In addition, cooperation between pharmaceutical companies and research institutions is expected to boost market sales. Contract pharmaceutical fermentation service providers provide time-saving drug development and other analytical services, which has stimulated demand for these services.

In addition, the increasing incidence of diseases such as cancer, diabetes, anemia, and rheumatoid arthritis has stimulated the demand for effective drug solutions. This forces manufacturers to invest in contract fermentation services to promote the production of pharmaceutical products for disease management, thereby creating growth opportunities in the market.

"Strict supervision on drug quality and formulation is expected to boost market sales. In addition, the increasing popularity of online sales channels for generic drugs is stimulating demand for high-quality drugs, which is expected to drive market sales by 2026," Fact.MR analysis The teacher said.

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Leading companies operating in the global contract pharmaceutical fermentation service market are focusing on R&D to improve product supply to meet the growing consumer base. In addition, participants are investing in mergers, acquisitions, cooperation and partnerships to gain a competitive advantage in the market.

For example, in January 2019, AbbVie partnered with private immunotherapy company Tizona Therapeutics. Through this collaboration, the two companies aim to manufacture and commercialize CD39 targeted therapies, such as TTX-030, a cancer antibody.

The main players in the contract pharmaceutical fermentation service market include:

More valuable insights on the contract pharmaceutical fermentation service market

Fact.MR conducted a fair analysis of the contract pharmaceutical fermentation service market, providing historical demand data (2013-2017) and forecast statistics for the period 2018-2026. The study revealed compelling insights into the global contract pharmaceutical fermentation service market, and detailed breakdowns based on the following:

Key issues covered in the contract pharmaceutical fermentation service market report

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Drug Delivery System Market Forecast-The ongoing COVID-19 pandemic will increase opportunities for drug delivery systems. Hospitals and clinics are facing a severe shortage of key medical equipment such as ventilators and ventilators, because the incidence of infection is rising rapidly every day. Leading pharmaceutical and healthcare companies have increased the manufacturing of key drug delivery systems to alleviate shortages. It is expected that the lifting of the blockade and social distancing measures will significantly improve the production cycle, thereby increasing production and solving the serious shortage of drug delivery equipment and systems.

Aseptic compound pharmacy market insight-As the prevalence of chronic diseases rises, the demand for pain management is expected to increase, thereby promoting market growth. In addition, market growth may benefit from increased demand for customized compound formulations and increased drug expenditures. As the elderly population continues to increase and customized formulations last longer than commercially available treatments, the demand for sterile composite products has increased. In order to innovate and build effective products, some important companies focus on inorganic development strategies. Therefore, product approval and release are expected to support the expansion of the sterile compound pharmacy market.

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