Straits Research reveals promising growth in the Vaccine Contract Manufacturing Market, which was valued at USD 2.45 billion in 2022. The market is projected to expand from USD XX billion in 2023 to a staggering USD 7.04 billion by 2031, registering a CAGR of 12.45% during the forecast period (2023–2031). This growth reflects rising demand for vaccines and advanced manufacturing capabilities worldwide.

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Market Key Trends

Driving Factors
The surge in vaccine demand due to global immunization initiatives, coupled with advancements in biopharmaceutical manufacturing, continues to drive market growth. Additionally, the COVID-19 pandemic has significantly amplified vaccine R&D activities, creating opportunities for contract manufacturers to expand operations.

Opportunities
The market offers immense potential, particularly in emerging economies, where healthcare infrastructure improvements and governmental efforts to ensure vaccine availability are key focus areas. Strategic collaborations, technological advancements in vaccine manufacturing, and rising investment in research and development are opening new avenues for market players.

Vaccine Contract Manufacturing Market Segmentations

By Scale of Operation

1. Commercial
2. Clinical
3. Preclinical

By Vaccine Type

1. Sub-attenuated Vaccines
2. Live-attenuated Vaccines
3. Inactivated Vaccines
4. Others

By Service

1. Fill/Finish
2. Analytical and QC Studies
3. Cell/Virus Banking
4. Others

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Key Players in the Vaccine Contract Manufacturing Market

1. Ajinomoto
2. Albany Molecular Research
3. Catalent
4. Cytovance Biologics
5. Emergent BioSolutions
6. FUJIFILM Diosynth Biotechnologies
7. GSK
8. ICON
9. IDT Biologika
10. Lonza
11. Merck KGaA
12. copyright CentreOne
13. Recipharm
14. Siegfried

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Why Straits Research?

Straits Research prides itself on delivering industry-leading insights and comprehensive market analysis tailored to client needs. With a robust methodology and data-driven approach, we ensure accuracy and actionable intelligence in all our reports.

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