The Contract Development Manufacturing Organizations by The Business Research Company provides a market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Contract Development Manufacturing Organizations, The contract development manufacturing organizations market size has grown rapidly in recent years. It will grow from $222.5 billion in 2023 to $249.96 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to growing complexity and specialization in drug development, increased demand for outsourcing in the pharmaceutical industry, cost containment and efficiency pressures, advancements in biotechnology and pharmaceutical research, globalization of the pharmaceutical and biopharmaceutical industries..
The contract development manufacturing organizations market size is expected to see rapid growth in the next few years. It will grow to $403.11 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to accelerated adoption of personalized medicine, rising demand for biologics and biosimilars, increased focus on research and development outsourcing, regulatory changes impacting pharmaceutical manufacturing. Major trends in the forecast period include technological advancements in manufacturing processes, integration of digital technologies in manufacturing processes, shift towards sustainable and environmentally friendly practices, rise of virtual and decentralized cdmo models, growing importance of data analytics in optimizing manufacturing operations..
The growing demand for pharmaceutical products due to the increase in chronic diseases and the geriatric population contributed to the growth of the contract development manufacturing organizations market. Rising chronic diseases and geriatric population has enabled pharmaceutical companies to manufacture biologics and biosimilars quickly, and most pharmaceutical firms have contracted contract production and manufacturing organizations operating on a contractual basis to handle and coordinate the company’s tasks, operations and tests. For instance, according to the World Health Organization, the prevalence of chronic diseases rose is expected to grow 142.66 million by 2050 and the world’s population of 60 years and older is projected to rise to 2 billion. Therefore, the growing demand for pharmaceutical products is projected to drive the growth of the contract development manufacturing organizations market .
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The contract development manufacturing organizations market covered in this report is segmented –
1) By Service: CMO, CRO
2) By Product: Small Molecules, Biologics
3) By End User: Big Pharma, Small and Mid-size Pharma, Generic Pharmaceutical Companies, Other End Users
The introduction of custom solutions is a key trend gaining popularity in the market for contract development and manufacturing organizations. Contract development and manufacturing companies focus on the implementation of custom technologies to address the unique needs of individual research applications. For instance, in October 2022, Aenova Holding GmbH, a Germany based pharmaceutical and healthcare contract manufacturing company, entered into a strategic partnership with Microcaps, a Switzerland based pharmaceutical company. Through this collaboration, both companies can develop and produce medicines, food supplements, and many other things more quickly and better. Microcaps will share their knowledge of cutting-edge, highly accurate microencapsulation and utilizing a patented technological platform, the technique allows for customized formulations, such as in release, protective coating, and texture.
The contract development manufacturing organizations market report table of contents includes:
1. Executive Summary
2. Contract Development Manufacturing Organizations Market Characteristics
3. Contract Development Manufacturing Organizations Market Trends And Strategies
4. Contract Development Manufacturing Organizations Market – Macro Economic Scenario
5. Global Contract Development Manufacturing Organizations Market Size and Growth
……………….
31. Global Contract Development Manufacturing Organizations Market Competitive Benchmarking
32. Global Contract Development Manufacturing Organizations Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Contract Development Manufacturing Organizations Market
34. Contract Development Manufacturing Organizations Market Future Outlook and Potential Analysis
35. Appendix
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