Global Contract Development and Manufacturing Organisation (CDMO) Market to Grow at a CAGR of 9.1% During 2024-2032, Aided by Increasing Technology and Innovations

The new and innovative solutions for pharmaceutical companies are driving the CDMO market worldwide CDMOs have been investing in the infrastructure and technology to better serve their facilities. The CDMO can enhance the efficiency of drug making and their marketing. The growth of molecular therapies, specialty medicines and biologics will boost the CDMO sector. The time for procedure for government approval for drug usage is also shortened with the help of CDMO capabilities which is further propelling the market.

The API manufacturing segment of the CDMO segments based on CMO is expected to hold one of the largest market shares owing to their increasing adopting in diverse treatment methodologies such as biologics. The finished product manufacturing segment will also witness significant growth because of the increasing demand from pharmaceutical sector to reduce the cost of final drugs. In the CRO type segment, clinical services will dominate the market because of the rise in new products making and research for effective therapies.

The global contract development and manufacturing organisation (CDMO) is a fragmented market with many large and small enterprises competing with each other. The pharmaceutical and biotech companies of diverse scales are collaborating and merging to provide better services in a cost-effective manner. Recipharm AB (NASDAQ: RECI B), one of the key players in CDMO industry signed a contract with Enzymatica, a Swedish life company for healthcare products, for the manufacturing of a product ColdZyme. ColdZyme is a mouth spray developed by Enzymatica for the treatment of common cold. This will help in meeting the increasing demand for such pharmaceutical products.

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Market Analysis by Service Offered, CMO, CRO and Regions:

• The CDMO offers the CMO and CRO services.

• The industry is classified on the basis of CMO into API manufacturing, finished product manufacturing and packing among others. Finished product manufacturing can be further divided into solid, liquid, and injectable.

• On the basis of CRO, market is segmented into clinical, discovery, preclinical and laboratory services. The clinical segment is further segmented into Phase I, Phase II, Phase III and Phase IV. The laboratory services segment is also subdivided into bioanalytical services and analytical services.

• The regional markets for CDMO include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The rising technological capabilities of CDMO is driving the market demand.

• The increasing population and prevalence of diseases will augment the demand for CDMO.

• The economic development and growing importance of healthcare will propel the CRMO industry growth.

• New therapies like molecular gene and nuclear medicines will boost the demand for CDMO.

• The increasing collaboration between the pharma and biotech firms will provide thrust to the demand for CDMO industry.

Key Offerings of the report:

• The EMR report gives an overview of the global contract development and manufacturing organisation (CDMO) market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecasted (2024-2032) markets for the services, CMO, CRO and major regions of contract development and manufacturing organisation industry.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global CDMO market are Lonza Group Ltd, Catalent, Inc., Thermo Fisher Scientific, Inc., Jubilant Pharmova Ltd, Aenova Holding GmbH, Boehringer Ingelheim International GmbH, Pfizer Inc., CordenPharma GmbH, Recipharm AB, Siegfried Holding AG, Curia, Fabbrica Italiana Sintetici S.p.A, and Fareva SA among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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