A South and Central America Biopharmaceutical Contract Manufacturing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Biologics and Biosimilar), Service (Process Development, Fill and Finish Operation

South and Central America Biopharmaceutical Contract Manufacturing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Biologics and Biosimilar), Service (Process Development, Fill and Finish Operation, Analytical and QC Studies, and Packaging), and Source (Mammalian and Microbial-Based Biologics/Non-Mammalian)

The biopharmaceutical contract manufacturing market in South and Central America is expected to grow from US$ 564.89 million in 2021 to US$ 866.71 million by 2028; it is estimated to register a CAGR of 6.3% from 2021 to 2028.

The contract manufacturing organization (CMO) offers many benefits to pharmaceutical companies, including reducing investments in facilities and drug development costs, thereby improving net cash flow. Outsourcing is cheaper and enhances the efficiency of manufacturing processes. It allows pharmaceutical & biotechnology companies to redirect resources to other areas. In the past few years, the contract manufacturing industry was a niche service market offering more manufacturing capacity or specific services to pharmaceutical companies. The rise of CMOs was fueled by the rising number of drug manufacturing failures. Pharmaceutical companies undertook many manufacturing facilities to develop innovative drugs in the past. However, the demand for manufacturing outsourcing has continuously risen to reduce the risk of overcapacities. Moreover, several pharmaceutical companies are refocusing on their core capabilities, such as research and development, leading to divestments of in-house manufacturing capacities, further growing reliance on CMOS for manufacturing. Furthermore, the CMOs are vital in providing additional benefits to mitigate the risk of supply shortages by offering various sites for pharmaceutical companies with multisite supply strategies and backup capacities.

South and Central America Biopharmaceutical Contract Manufacturing Market Revenue and Forecast to 2028 (US$ Million)

South and Central America Biopharmaceutical Contract Manufacturing Market Segmentation

South and Central America Biopharmaceutical Contract Manufacturing Market - By Product

Biologics Monoclonal Antibodies Recombinant Proteins Vaccines Others Biosimilar

South and Central America Biopharmaceutical Contract Manufacturing Market - By Service

Process Development Downstream Processing Upstream Processing Fill and Finish Operation Analytical and QC Studies Packaging

South and Central America Biopharmaceutical Contract Manufacturing Market - By Source

Mammalian Microbial-Based Biologics/ Non-Mammalian

South and Central America Biopharmaceutical Contract Manufacturing Market- By Country

Brazil Argentina The Rest of South and Central America South and Central America Biopharmaceutical Contract Manufacturing Market-Companies Mentioned

Abb Vie Inc. Ajinomoto Co. Inc Boehringer Ingelheim International Gmb H General Electric Company Lonza MERCK KGAA Samsung Biologics THERMO FISHER SCIENTIFIC INC

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