The global CMO/CDMO market is poised for substantial growth, with a projected valuation of US$ 39.4 billion by 2033, according to a recent industry forecast. This forecast reflects a remarkable surge from the estimated US$ 22.5 billion market size in 2023, showcasing a compelling Compound Annual Growth Rate (CAGR) of 5.7% over the next decade.
This phenomenal growth is underpinned by a significant paradigm shift within the pharmaceutical sector. Companies are increasingly turning to outsourcing critical services, propelling the demand for CMOs and CDMOs. As a result, FMI, a prominent player in this field, stands strategically positioned to leverage this expanding market and spearhead innovation across the evolving pharmaceutical landscape.
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“We are witnessing an unprecedented transformation in the pharmaceutical industry, marked by a growing reliance on outsourcing for critical services,” said FMI. “As a leading player in the CMO/CDMO space, we are committed to meeting the evolving needs of our clients and driving innovation to deliver superior solutions.”
With FMI’s extensive expertise, state-of-the-art facilities, and unwavering commitment to quality, the company is primed to capitalize on the burgeoning demand for outsourced manufacturing and development services. Through strategic partnerships and continuous investment in cutting-edge technologies, FMI remains dedicated to delivering exceptional value to its clients and driving growth within the global pharmaceutical landscape.
Key Takeaways:
- Over the historical period, the worldwide market grew at a CAGR of 5.3%.
- The Indian market is expected to expand at a CAGR of 5% in the coming decades.
- In 2022, North America had a share of the global revenue of more than 17.6%.
- Over the next few decades, the Chinese market is expected to grow at a CAGR of 5%.
- In 2022, the contract manufacturing segment held 69.28% of the market.
Competitive Landscape:
The vendor landscape in the CMO/CDMO market is consolidated. There is a continuing need for research and development, which is still a key strategy among market players. Strategic collaborations are another common strategy used to gain a competitive advantage
- An authorization and distribution consent revision between Societal CDMO and Lannett Firm for marketing Verapamil PM and Verelan SR products was executed in July 2022. Societal CDMO is a contract creation and manufacturing organization (CDMO) that emphasizes in the invention and production of small molecules. In conjunction with a ten percent spike in the earnings share portion of revenue from Verapamil PM selling, society is going to observe both instantaneous and anticipated price hikes in development.
- MilliporeSigma, Merck KGaA’s U.S. and Canada Life Science enterprise, doubled its capability for making high-potent active pharmaceutical ingredients (HPAPI) in June 2022 with the establishment of the facility in Verona, close to Madison, WI. The US$ 65 million, 70,000-square-foot complexes will hire 50 individuals in the community.
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Key Companies Profiled:
- Swiss American CDMO
- Pierre Fabre Group
- Zymo Cosmetics
- Fareva, Biofarma Srl C.F
- Chemineau, C.O.C.
- Farmaceutici Srl
- Paragon Nordic Cosmetic Solutions
- Kolma
- Lonza
- Cho Chuang Industrial Co., Ltd.
- Vive Cosmetics
- Ori BioNature Sdn Bhd
- Zoic Cosmetics
- Samriddhi Life Sciences
- Natrocare
Key Segments Profiled in the CMO/CDMO Market Report:
By Service:
- Contract Development
- Formulation development
- Pilot studies
- Contract Manufacturing
- Bulk preparation & scale up
- Safety Testing
- Filling & Packaging
- Close jars
- Bottles
- Tubes
- Roll-ons
- Others
Product:
- Hair Products
- Skin Products
- Lip Products
- Eye Products
- Body Hygiene
- Oral Hygiene
Form:
- Solid Form & Powder
- Lotions
- Creams
- Others
Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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