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The future of the global biopharmaceutical contract manufacturing market looks promising with opportunities in commercial and clinical applications. The global biopharmaceutical contract manufacturing market is expected to grow with a CAGR of 7%-9% from 2020 to 2025. The major drivers for this market are increasing demand for biopharmaceuticals, cost and time saving benefits offered by contract services, and rising pharmaceutical industries leading to outsourcing services.
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In this market, biologics is the largest product of biopharmaceutical contract manufacturing, whereas process development is the largest service. Growth in various segments of the biopharmaceutical contract manufacturing market are given below: