Dublin, Aug. 28, 2024 (GLOBE NEWSWIRE) -- The "Contract Development & Manufacturing Organization (CDMO) Market: Insights & Forecast (2024-2028)" report has been added to ResearchAndMarkets.com's offering.
The global CDMO market is estimated to reach US$294.63 billion in 2028, growing at a CAGR of 9.32%, for the period spanning 2024-2028.
The factors such as increasing per capita disposable income, increasing global healthcare expenditure, rising aging population, increasing R&D spending, growing number of new drugs, rise in investments and strategic collaborations and growing demand for pharmaceutical products are expected to drive the market. However, growth of the industry will be challenged by stringent government regulations.
A few notable trends include increasing demand for highly potent API manufacturing services, growing demand for quality by design services, growth in oncology segment, growing demand for process development CDMO services and lengthy and costly drug development process.
In terms of services, the global API drug market accounted for the highest share of the market and is expected to grow in future owing to growing number of biologics APIs in pipeline stage and growing adoption of multiple of therapies. Whereas on the basis of product, small molecule drugs held a major share of the market owing to the surge in the pharmaceutical R&D activities worldwide.
In terms of geographical areas, North America is the major contributor to the global CDMO market supported by growing collaborations and wide range of services provided by CDMOs. Asia Pacific is the fastest growing market for CDMOs owing to highly skilled workforce and low research and development cost advantage.
Scope of the report
- The report provides a comprehensive analysis of the global CDMO industry.
- The major regional markets (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The company profiles of leading players (Catalent, Inc., Recipharm AB, Evotec SE, Lonza Group AG, Biomerieux SA and Thermo Fisher Scientific Inc.) are also presented in detail.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 66 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $206.27 Billion |
| Forecasted Market Value (USD) by 2028 | $294.63 Billion |
| Compound Annual Growth Rate | 9.3% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
1. CDMO
1.2 CDMO Services
1.3 Advantages of CDMO
2. Impact of COVID-19
2.1 Rise in Clinical Trials
3. Global CDMO Market Analysis
3.1 Global CDMO Market by Value
3.2 Global CDMO Market Forecast by Value
3.3 Global CDMO Market by Service
3.4 Global CDMO Market by Product
3.5 Global CDMO Market by Region
4. Regional Endoscopy Market Analysis
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 Latin America
4.5 Middle East & Africa
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Per Capita Disposable Income
5.1.2 Increasing Global Healthcare Expenditure
5.1.3 Rising Aging Population
5.1.4 Increasing R&D Spending
5.1.5 Growing Number of New Drugs
5.1.6 Rise in Investments and Strategic Collaborations
5.1.7 Growing Demand for Pharmaceutical Products
5.2 Key Trends & Developments
5.2.1 Increasing Demand for Highly Potent API Manufacturing Services
5.2.2 Growing Demand for Quality by Design Services
5.2.3 Growth in Oncology Segment
5.2.4 Growing Demand for Process Development CDMO Services
5.2.5 Lengthy and Costly Drug Development Process
5.3 Challenges
5.3.1 Stringent Government Regulations
6. Company Profiles
- Catalent, Inc.
- Recipharm AB
- Evotec SE
- Lonza Group AG
- Biomerieux SA
- Thermo Fisher Scientific Inc.
For more information about this report visit https://www.researchandmarkets.com/r/4icxgm
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