Article | January 4, 2022

Seizing The Opportunities From Disruptive Forces In Biopharma With Advanced Cell Culture Technologies

By Dr. Martin Schilling, Director Cell Culture Ingredients, Evonik Health Care

Evonik

The market for biological drugs continues to grow at an impressive pace over the past years. Analysts tracking the rise of the biopharma industry spotted its astonishing trajectory well before COVID-19. The biopharma sector generates annual global revenues in the region of $300 billion, representing more than 25% of the total pharmaceutical market. The annual growth rate of biopharma has consistently exceeded that of conventional pharmaceuticals.

Since biopharmaceuticals are drugs produced in living systems, the rise of biopharma provides the basis for an equally impressive market development for cell culture products. The global cell culture market is expected to reach $42.9 billion by 2026 with a compound annual growth rate of 11.8% from 2016 to 2020.

In this article, explore three key trends will underpin the sustainable growth of biopharma beyond COVID-19.

VIEW THE ARTICLE!

Get unlimited access to:

Trend and Thought Leadership Articles
Case Studies & White Papers
Extensive Product Database
Members-Only Premium Content
Welcome Back! Please Log In to Continue. X

Enter your credentials below to log in. Not yet a member of Pharmaceutical Online? Subscribe today.

Subscribe to Pharmaceutical Online X

Please enter your email address and create a password to access the full content, Or log in to your account to continue.

or

Subscribe to Pharmaceutical Online