The global CMO/CDMO market is on the brink of a remarkable expansion, with its projected valuation set to reach an impressive USD 39.4 billion by 2033. This forecast, based on a recent industry analysis, highlights a significant leap from the estimated USD 22.5 billion market size in 2023, translating to a robust Compound Annual Growth Rate (CAGR) of 5.7% over the next decade.
This extraordinary growth trajectory is driven by a major paradigm shift within the pharmaceutical industry. Pharmaceutical companies are increasingly opting to outsource critical services, thereby fueling the demand for CMOs and CDMOs. This trend underscores the strategic importance of these organizations in the pharmaceutical value chain, offering specialized services that enable pharmaceutical companies to streamline operations and focus on core competencies.
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FMI, a leading player in the CMO/CDMO sector, is strategically poised to capitalize on this burgeoning market. With a deep-rooted commitment to innovation and excellence, FMI is well-positioned to drive advancements and deliver high-quality solutions across the evolving pharmaceutical landscape.
“The rising demand for outsourcing in the pharmaceutical industry presents a unique opportunity for us to enhance our service offerings and cement our position as a leader in the CMO/CDMO market,” said a FMI. “We are dedicated to leveraging our expertise and capabilities to meet the growing needs of our clients and contribute to the advancement of the pharmaceutical sector.”
As the pharmaceutical industry continues to evolve, the role of CMOs and CDMOs will become increasingly vital. FMI’s strategic positioning and innovative approach ensure that it remains at the forefront of this dynamic market, ready to meet the challenges and opportunities that lie ahead.
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 USD 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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