Supportive Regulatory Ecosystem is expected to benefit the Next-Generation Biomanufacturing Market

Next-generation biomanufacturing market is anticipated to grow at a steady CAGR of 10.4% during the forecast period (2024-2031). Regulatory agencies such as the FDA are playing a crucial role in shaping the future of biopharmaceutical innovation by supporting the development and approval of new therapies and manufacturing techniques. Their efforts have improved patient adherence by reducing the frequency of dosing and fueled market expansion by broadening the scope of treatment options available. The advent of these cutting-edge therapies has created new revenue opportunities for pharmaceutical companies and attracted substantial investment in R&D. 

Browse the full report description of “Next-Generation Biomanufacturing Market Size, Share & Trends Analysis Report by Manufacturing Type (Upstream Manufacturing, and Downstream Manufacturing), by Product Type Biopharmaceuticals, Vaccines, Biofuels, Biopolymers, and Others (Recombinant Proteins, Monoclonal Antibodies)), and by End-User (Pharmaceutical Companies, Contract Manufacturing Organizations (CMOs), Contract Development and Manufacturing Organizations (CDMOs), and Others (Biotechnology Companies, Research and Academic Institutions) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/next-generation-biomanufacturing-market

Additionally, these advancements offer a competitive edge by setting products apart in a saturated market, fostering a more dynamic and efficient healthcare system. The emphasis on regulatory backing for innovative treatments highlights a commitment to addressing unmet medical needs and enhancing health outcomes, making it a key factor in the evolving biomanufacturing sector.

Recent Developments

• In April 2024, Pfizer Inc. and Genmab A/S announced the US Food and Drug Administration (FDA) approved the supplemental Biologics License Application (sBLA) granting full approval for TIVDAK (tisotumab vedotin-tftv) for the treatment of patients with recurrent or metastatic cervical cancer with disease progression on or after chemotherapy.

• In April 2024, Prime Medicine, Inc., a biotechnology company developing a new class of single-dose differentiated gene therapies, announced that the US FDA has accepted the company's Investigational New Drug Application for PM359, filed in March. The development of this product for the treatment of Chronic Granulomatous Disease (CGD) now allows the company to initiate a global Phase 1/2 clinical trial in the US.

Market Coverage

· The market number available for – 2023-2031

· Base year- 2023

· Forecast period- 2024-2031

· Segment Covered- 

o By Manufacturing Type

o By Product Type

o By End-User

· Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

· Competitive Landscape- includes Amgen Inc., AstraZeneca, and Genentech, Inc., among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Next-Generation Biomanufacturing Market Report Segment

By Manufacturing Type

• Upstream Manufacturing
• Downstream Manufacturing

By Product Type

• Biopharmaceuticals
• Vaccines
• Biofuels
• Biopolymers
• Others (Recombinant Proteins, Monoclonal Antibodies)

By End-User

• Pharmaceutical Companies
• Contract Manufacturing Organizations (CMOs)
• Contract Development and Manufacturing Organizations (CDMOs)
• Others (Biotechnology Companies, Research and Academic Institutions

Global Next-Generation Biomanufacturing Market Report Segment by Region

North America

· United States

· Canada 

Europe

· UK

· Germany

· Italy

· Spain

· France

· Rest of Europe 

Asia-Pacific

· China

· India

· Japan

· South Korea

· Rest of Asia-Pacific 

Rest of the World

· Latin America 

· Middle East & Africa

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