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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Contract Development and Manufacturing Organization (CDMO) Market Size
The global contract development and manufacturing organization (CDMO) market was valued at USD 225.58 billion in 2023, driven by rising demand for novel drugs and therapies to treat chronic diseases across the globe. The market is expected to grow at a CAGR of 9.1% during the forecast period of 2024-2032, with the values likely to rise from USD 244.53 billion in 2024 to USD 489.99 billion by 2032.
Contract Development and Manufacturing Organization (CDMO) Market Report Snapshots
Contract Development and Manufacturing Organization (CDMO) Market Size
Contract Development and Manufacturing Organization (CDMO) Market Regional Analysis
Contract Development and Manufacturing Organization (CDMO) Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 225.58 billion in 2023, driven by the rising demand for novel drugs and therapies to treat chronic diseases across the globe.
The market is anticipated to grow at a CAGR of 9.1% during the forecast period of 2024-2032, likely to reach a market value of USD 489.99 billion by 2032.
The market demand is driven by the increase in the healthcare investments, disposable incomes, and the need for effective drugs to supplement the growth of the healthcare sector.
The increased mergers and acquisitions by prominent companies are one of the key market trends aiding the CDMO market growth. In January 2024, Kindeva Drug Delivery acquired Summit Biosciences Inc. to enhance its intranasal drug delivery capabilities.
The various services available in the market include active pharmaceutical ingredient (API) manufacturing, finished dosage formulation (FDF) development and manufacturing, and secondary packaging services. Active pharmaceutical ingredient (API) manufacturing is further segmented into small molecule, large molecule, and high potency (HPAPI), whereas finished dosage formulation (FDF) development and manufacturing includes solid, liquid, and injectable dose formulation.
Based on the research phase CRO, the market is segmented into pre-clinical, phase I, phase II, phase III, and phase IV.
Based on the therapeutic area, the market is segmented into oncological, cardiovascular, and infectious diseases, among others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Key players involved in the market are Catalant Inc., Baxter Biopharma Solutions (Baxter International Inc.), Vetter Pharma-Fertigung GmbH & Co. KG, Recipharm AB, Albany Moleculer Research Inc. (AMRI), Thermo Fisher Scientific, Boehringer Ingelheim Group, Pfizer Inc., NextPharma Technologies, Jubilant Pharmova Ltd, Famar SA, Lonza Group, TapeMark, Novotech Pty Ltd, ARX LLC, Aenova Holding GmBH, Tesa Labtec GmbH (TESA SE), CMIC Holdings Company Ltd, Syneos Health Inc., and LabCorp Drug Development.
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