The market report focusing on Biologics Outsourcing mainly aims toward the historical growth rates, market trends, technological advancements, and the transitioning investment structure. Furthermore, our report reveals the latest market insights, elevated growth opportunities, growth strategies adopted by the key players, and business strategies. Furthermore, it consists of a thorough analysis of the recent market dynamics, future growth, and Analysis by Porter’s Five Forces.
As noted through Facts & Factors, the global market size of biologics outsourcing considering the revenue was estimated to be around $ 18.42 billion in 2023, and it is projected to touch the value of $56.35 billion by 2032 at a rate of roughly 13.2% from 2024 to 2032. The market of global biologics outsourcing is estimated to surge at a notable growth rate due to numerous key drivers.
Biologics outsourcing indicates the practice of contracting to the specialized services and skillsets of external partners for developing, manufacturing, or conducting proper research on biologic drugs. Biologics include antibodies, vaccines, and other intricate molecules derived from living organisms. Outsourcing often involves advanced manufacturing skills and capabilities. It thoroughly allows biopharma companies to garner the technology, infrastructure, and regulatory knowledge based on contract development and manufacturing organizations, CDMOs, CROs, or contract research organizations.
Our latest survey and reports indicate that pharma firms are growingly shifting towards outsourcing as their strategic importance to steer through the complexities of developing biologics. It ranges from the healing proteins to the vaccines. It is the strategic approach enabling them to harness third-party abilities to boost operational efficiencies and expedite market entry in this rapidly evolving healthcare market.
Projected Rapid Growth of the Biologics Outsourcing Market by 2031
Process automation comprises the use of technology to perform repeated processes or tasks in a business involving manual effort that can be replaced. It helps boost efficiencies, minimize errors, and free up human workers to aim toward intricate tasks. Harnessing the potential of robotics, AI, and software tools can help businesses make their operations seamless, enhance productivity, and attain better accuracies. The transformation will help reduce costs and boost scalability, enabling the firms to adapt rapidly to the evolving market needs and handle the competitive stress.
The global market for biologics was worth $461.74 billion in 2022 and is projected to increase at a rate of 10.3% from 2023 to 2030. The growth is based on technological advancements, the massive adoption of automated manufacturing processes, and the requirement for reduced costs and functional efficiency enhancements.
Top Process Automation Companies in the World
As published in a recent research report on “Biologics Outsourcing Market Size 2024” by DataM Intelligence, the data explores the extensive and insightful data about the numerous key facets involving Segmentation, Regional Growth, Business Revenue Status of main key players and drivers along with CAGR. This thorough report aims to render a far-flung view of the recent market size scaled through the volume and value, scopes, and better development status.
1. ABB
ABB is an industrial technology company based in Switzerland that designs and sells products. As one of the largest international technology companies, ABB is an active member of society and strives for change to make the world better and people richer.
There is a strong emphasis on the generation of efficiency in energy use, the uplifting of industrial output, and the reliability of energy supply. Some of the products that ABB offers to its utility and industrial customers include digitally connected and enabled equipment and systems used in utilities and other industries, transport, and infrastructure in Asia, the Americas, the Middle East, Africa, and Europe. ABB has manufacturing facilities in various countries such as the United States, China, Czech Republic, Switzerland, Finland, Germany, Italy, Canada, Sweden, Poland, and India to serve its customers.
2. Emerson Electric Co.
Emerson Electric Co. introduces new products in the Commercial and residential segment and Automation Solutions segment. The company sells its operation management software through its top brands, such as Plantweb digital ecosystem, AMS, DeltaV, and Ovation. Emerson offers measurement and analytical instrumentation, valves, process control software solutions, pneumatic and electrical distribution, and fluid control and pneumatic systems.
Apart from its portfolio of products, Emerson also offers today’s modernization and migration solutions, process automation, smart wireless products and solutions, and post-project service solutions. Emerson madeenumspprofitable investment of $5.807 million in automating its processes, highlighting its goal to offer advanced automation technologies and services.
3. Honeywell International Inc.
Honeywell International Inc. is a multination conglomerate company based in the United States of America that offers diversified products and services in Aerospace, Building Technologies, Performance Materials, safety, and productivity solutions.
The key aerospace offerings of Honeywell include aircraft engines, commercial products and service offerings, defense and space products and service offerings, maintenance services, and repair services. The building technologies division comprises products for energy provision, heating, ventilation and air conditioning, fire protection, and security. The Performance Materials Division at Honeywell offers specialty materials and chemicals for a broad spectrum of industries. It has a safety and productivity solutions division, which specializes in worker safety, productivity, and asset protection solutions. Honeywell International includes facilities and businesses throughout the world and conducts business in more than 70 countries.
4. Johnson Controls
Johnson Controls is one of the premier providers of smart, healthy, and sustainable property spaces. Founded in 1885, the company has more than 135 years of experience improving the performance of buildings and structures through the OpenBlue platform in healthcare, schools, digital centers, airports, stadiums, and the manufacturing industry.
Currently, Johnson Controls serves over 150 countries and employs more than 102,000 people worldwide. The company provides a broad range of building technology, software, and services across different segments. It also works with some of the largest manufacturers and service providers to offer innovative solutions.
5. Mitsubishi Corporation
Mitsubishi Corporation is a primary manufacturer that supplies industrial goods to different sectors, such as industrial materials, natural gas, mineral resources, petroleum and chemical products, facilities and infrastructure, food, consumer goods, automotive, mobility, urban development, and power division.
Founded in 1954 and having its headquarters in Tokyo, Japan, Mitsubishi Corporation deals with over 90 countries worldwide and has a company system that consists of 1,700 companies. Working for Mitsubishi Corporation as a publicly traded company; Mitsubishi Corporation has employees all over the world; the company has 80,728 employees. According to the analysis made for the year 2021, Mitsubishi Corporation recorded a revenue of US$114,672. Corresponding to $24 million, which highlights its importance and dominance in the sphere of industry.
6. Robert Bosch GmBH
Robert Bosch GmbH delivers its products through four main categories: such sectors as mobility solutions, industrial technology, home appliances and energy and building technologies. The company has its presence in 126 locations; it has 440 subsidiaries and regional companies in more than 60 countries across the world apart from 150 sales and service partners. The company provides smart and integrated solutions for smart homes, Industry 4.
Currently, Bosch has over 73,000 employees in R&D and six software-center, thirty thousand software engineers, and 11 research and development centers worldwide. The company hence offers synergistically connected, cross-domain IoT offerings from sensor technology, software, and services to its customers from the Bosch IoT cloud.
7. Rockwell Automation, Inc.
Rockwell Automation, Inc. Proves the Operational Technologies of various industries comprising automotive and tire, cement, chemical and petrochemicals, entertainment production, fiber and textiles, food and beverages, home, and personal care, infrastructural construction and maintenance, marine and shipping, metals and mining, and life sciences.
Rockwell Automation is a public limited company established in 1903 in Wisconsin, USA. It has some of the best brands, like Rockwell Automation, Allen-Bradley, FactoryTalk, and LifecycleIQ Services. Rockwell Automation operates in many regions of the world, specifically in North and Latin America, Asia Pacific, Europe, the Middle East, and Africa. The company’s main businesses are the intelligent services business, software and control business, and lifecycle services business.
8. Siemens AG
Siemens AG supplies power and energy to the organizations of the electric and energy sectors. The company designs and builds full-scope fossil fuel power plants and power plant components such as gas turbines, steam turbines, generators which are gas turbine packages; steam turbine packages, compressors, wind turbines, fuel cells, fans, instrumentation, and control systems, electrical systems, fuel gasifiers and turbochargers, environmental systems.
Siemens AG operates in most industries, including air separation, building complexes, power, oil and gas, ceramics, marine, metals, chemicals, food and beverages, manufacturing, pulp and paper, textile, and the sugar industry. Siemens presently has its base in Erlangen, Germany; however, it operates in many parts of the world, such as Canada, Mexico, the U.S., Brazil, Saudi Arabia, China, and many other countries.
Insights of Market Dynamics
Considering the End User perspective, the biologics outsourcing market is divided into biotechnology, pharmaceutical, and contract development and manufacturing organizations (CDMO).
Biotechnology industries encompass industries that use biological processes, an organism or a system, to produce items or technologies that are applied in the medical, farming as well as manufacturing sectors. Such companies typically invest in original scientific discovery and innovation of biological products such as gene therapies, monoclonal antibodies, and vaccines. Biotechnology companies that operate in the outsourced services market have to outsource some of their services because of the need for expertise, state-of-the-art technology, and regulatory compliance. This way, such businesses can channel their efforts towards research and development, as well as primary skill sets, while outsourcing production, testing, and compliance work to other specialists.
