Pharmaceutical CDMO Market Size Will Expand to USD 172.02 BN by 2032

Ottawa, June 07, 2023 (GLOBE NEWSWIRE) -- The global pharmaceutical CDMO market size will grow at USD 152.49 billion by 2030. A firm that produces goods for other companies is known as a contract manufacturing organization. CMOs are professionals in producing active pharmaceutical ingredients (APIs) and therapeutic products on a big scale in the biopharmaceutical and pharmaceutical sectors. Pharmaceutical and biotechnology corporations use these businesses for their specialized drug manufacturing services in order to generate FDA-regulated products like medications. The CMO market is expected to expand with the assistance of modern production procedures and methods.

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As a result of new operational techniques like continuous manufacturing, CMOs are anticipated to increase the effectiveness of their production processes while reducing waste and raising profitability. The substantial R&D expenditures made by the pharmaceutical industry and the growing demand for biopharmaceuticals are expected to lead to an expansion of the CDMO sector. The pharmaceutical market is anticipated to expand as the aging population creates new opportunities for drug development.

Regional Snapshot:

Asia Pacific held a significant share of the market in 2022, the region expected to witness the fastest growth during the forecast period. The region had the largest population ratio globally and due to the ever-rising population of the region will likely expand the demand for pharmaceutical advancement in drugs and technology. The rising number of chronic diseases, especially in geriatric population will create an increase in the demand for advancement in treatment. 

In the Asia-Pacific region, there is an increase in clinical trials as a result there is an increase in the outsourcing and production of drugs in the developing nation like India and China. The favorable government regularities in a country like India will expand the market opportunities in the future for contract development and the manufacturing organization market. 

For instance, as part of its global mission to help companies more swiftly offer medications to patients, Thermo Fisher Scientific, a pioneer in providing scientific services, has opened a new facility in Hangzhou, China. The production facility may meet the needs of chinese and international organizations that manufacture and study sterile products and biologics in the Asia-Pacific region.

All these factors will results to boost the growth of the Pharmaceutical CDMO (contract development and manufacturing organization) market in Asia-Pacific Region.

North America will expand in the contract development and manufacturing organization market in the predicted period. In a nation like the United States, the growing technological innovation in the pharmaceutical industry and increasing investment in the healthcare sector will expand the contract development and manufacturing organization market in this region.

Report Highlights:

• By Product, the active pharmaceutical ingredients (API) segment dominated the market in terms of revenue share in 2022. CDMO and CMO increase the investment in API production due to increasing demand for them. 
• By Workflow, the commercial segment had the biggest market share in the CDMO market in the predicted time period. The commercial segment continues to grow due to the rising demand for generic drugs in the market.
• By Application, the oncology segment is expected to dominate the Pharmaceutical CDMO market in the forecast period. The segment dominance is attributed to the increase in cancer prevalence in the population. 
• By Region, the Asia-Pacific holds the largest market share in the Pharmaceutical CDMO market in 2022. The rising share of the market in these regions is due to the rising population and increasing need for pharmaceutical infrastructure. The region will continue its dominance.

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Scope of this report

Market Dynamics

Drivers

Increase in the geriatric population will drive the Pharmaceutical CDMO market expansion. 

The continuously increasing population is one of the leading driving factors for the pharmaceuticals contract development and manufacturing organization market. The increase in the geriatric population results in the growth ratio of diseases will end up in a higher demand for medicines and treatment. The increasing demand for advanced treatment and cost-effective drug formation in the old, aged population will increase in the higher demand for the healthcare sectors. CDMO works with technologically advanced treatment in pharmaceuticals and outsourcing and production of the cost-effective drug. Thus, the higher demand for advanced treatment will drive the contract development and manufacturing organization market. 

Restraints

Shortage of skilled labor 

There are many benefits that are related to contract development and manufacturing organization such as outsourcing of production of drugs and technological advancements in the pharmaceutical industry. There are some risk factors in pharmaceutical contract development and manufacturing organization (CDMO) that are shortage of skilled professional labor force. The services associated with CDMO require a set of skilled labor and professionals for the management. Lack of skilled professionals in the field may lead to negative outcomes. Shortage of skilled professionals

Opportunities

Increased outsourcing by pharmaceutical companies and emerging market:

Many pharmaceutical companies are turning to CDMO’s to outsource their drug development and manufacturing operations, as it can be more cost-effective and efficient. This trend is expected to continue, driving demand for CDMO’s. The pharmaceutical industry is expanding rapidly across the world, especially in the emerging markets such as India, China and Brazil. These markets offer significant growth potential for CDMO’s as they often lack the infrastructure and expertise necessary for drug development and manufacturing. Such rising number of outsourcing and expansion of pharmaceutical industry are observed to open a plethora of opportunities for the market’s growth during the forecast period.

Challenges

Communication issues between pharmaceutical industries and CDMO

Communication is the biggest issue between the pharmaceutical industries and contract development and manufacturing organization. Such barriers act as a major challenge for the market’s growth. There is the possibility of not knowing what is happening in the manufacturing, packaging, or in the shipping process. So, if there is a delay or stoppage of the manufacturing or shipping process there is the chance of limiting the pharmaceutical market growth. 

Recent Development

• In Nov 2022, Terumo Pharmaceutical Solution the subsidiary of Terumo Corporation works with the pre-filled syringe designs, molding, drug preparation filling assembly, and final packaging for biotech drugs, expanding as the CDMO services for parenteral drugs to global consumers. 
• In Jan 2023, China’s GenScript’s Biologics subsidiary ProBio notches its fundraising round and raises about $224 Mn. The investment will help ProBio with further research and development and expanding its manufacturing capacity and developing its CDMO Business.

Market Segmentation

By Product

• API
  • By Synthetic
    • Solid
    • Liquid
  • By Type
    • Traditional Active Pharmaceutical Ingredient (Traditional API)
    • Highly Potent Active Pharmaceutical Ingredient (HP-API)
    • Antibody Drug Conjugate (ADC)
    • Others
  • By Drug
    • Innovative
    • Generics
  • By Manufacturing
    • Continuous manufacturing
    • Batch manufacturing
  • Biotech

By Drug Product

• Oral Solid Dose
• Semi-solid dose
• Liquid Dose
• Others

By Dosage Form

• Solid
  • Tablets
  • Capsules
  • Powder
• Semi-Solid
  • Cream
  • Paste
  • Gel
• Liquid Dose Formulation
  • Injectables
  • Sterile Vials
  • Single Use/Single Dose
  • Multi-Use
  • Ampules
  • Prefilled Syringes
  • Suspension
  • Emulsion
• Gas Dose Formulation
  • Inhaler
  • Aerosols

By Indication

• Cancer
• Cardiovascular Disease
• Diabetes
• Pain
• Respiratory disease
• Other Disease

By End-User

• Big Pharmaceutical Companies
• Small & Medium-Sized Pharmaceutical Companies
• Generic Pharmaceutical Companies
• Other End Users

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
  
  

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