A vaccine is a biological product which gives active acquired immunity to a particular disease.Vaccines have always been considered as a less profitable business described by high entrance hurdles. Stringent regulatory standards combined with significant fixed costs, and production & development related complications, have partial competition between vaccine producers. Moreover, these complications have restricted invention to a great extent. In the past, companies operating in the vaccines market were only focused on the development of preventive vaccines against contagious diseases.
Current developments in biomanufacturing and biotechnology have resulted in the growth of innovative technologies that are competent of addressing the problems related with the manufacture of vaccines. The beginning of therapeutic vaccines has paved way for vaccines to be manufactured for a range of degenerative and chronic diseases. This has resulted in the entry of several emerging and established investors in this field. In addition, the trend of subcontracting has developed significantly in the biopharmaceuticals manufacturing. Large and small business’ stakeholders are focusing on subcontracting their products due to the complexities involved in the manufacturing and development of vaccines. Factors such as decreased time to market, cost benefits in infrastructure, and operational benefits are the major factors driving the growth of the global vaccine contract manufacturing market.
The development of vaccines involves specified resources and supervised technology platforms, which are becoming progressively problematic to start in-house. Big pharmaceutical companies carry out most of these procedures in-house and are entering into long-term collaboration with reliable contract manufacturing organizations (CMOs). On the other hand, emerging and smaller players are subcontracting a comparatively larger share of their scientific and commercial development processes to contract manufacturing partners. CMOs are increasing their service ranges to deliver end-to-end facilities to sponsors and clients in order to strengthen their existence in the market. Advancements in technology, including the introduction of new expression systems such as GPEx and EB66 cell lines and cell culture media platforms, are major drivers of the market growth. Disposable/single-use technologies are becoming popular among contract manufacturers.
The global market for vaccine contract manufacturing is segmented into service type, vaccine type, product type, and region. Based on service type, the global market is segmented into fill/finish and bulk product. In terms of vaccine type, the market is divided into synthetic vaccines, toxoid vaccines, recombinant vector vaccines, inactivated vaccines, conjugate vaccines, live attenuated vaccines, and subunit vaccines. Based on product type, the market is categorized into single vaccines and combined vaccines. The single vaccines segment is further classified into tuberculosis, polio, tetanus, chickenpox, smallpox, influenza virus, Ebola virus, and others.
Geographically, the global vaccine contract manufacturing market is distributed over North America, Asia Pacific, Europe, and Rest of the World. North America dominates the global market due to the presence of a large number of contract manufacturing organizations. About 41 CMOs are present in different locations in the U.S. Europe is the second largest market for vaccine contract manufacturing with about 20 CMOs located in the U.K., France, and Germany. The market in Asia Pacific is expected to expand at a high growth rate during the forecast period owing to rapidly developing economies such as China and India.
Key market players operating in the global vaccine contract manufacturing market includes Minneapolis Medical Research Foundation (MMRF), Thomas Jefferson University, FUJIFILM Diosynth Biotechnologies, Emergent BioSolutions, BioMark, Goodwin Biotechnology, Inc., Bavarian Nordic A/S, Soligenix Inc., and Catalent Biologics.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.