The Biopharmaceutical CMO and CRO Market Size accounted for USD 34.7 Billion in 2023 and is estimated to achieve a market size of USD 61.5 Billion by 2032 growing at a CAGR of 6.6% from 2024 to 2032.
The biopharmaceutical industry has witnessed tremendous growth in recent years, fueled by advancements in biotechnology, the increasing prevalence of chronic diseases, and a heightened focus on personalized medicine. Central to this growth are the outsourcing partnerships formed with Contract Manufacturing Organizations (CMOs) and Contract Research Organizations (CROs). These partnerships enable biopharmaceutical companies to streamline operations, reduce costs, and accelerate the development and production of novel therapies. The Biopharmaceutical CMO and CRO Market is a dynamic sector that plays a pivotal role in the success of pharmaceutical innovation. This abstract provides an in-depth overview of the current trends, growth drivers, market segmentation, and the future outlook of the biopharmaceutical CMO and CRO market.
Contract Manufacturing Organizations (CMOs) are companies that provide outsourced services for the manufacturing of drugs, including active pharmaceutical ingredients (APIs) and finished dosage forms. These organizations assist biopharmaceutical companies by managing complex production processes, from drug development to commercial-scale manufacturing. Similarly, Contract Research Organizations (CROs) offer outsourced services for drug discovery, preclinical research, clinical trials, and regulatory submissions. CROs support biopharmaceutical companies in all stages of drug development, providing specialized expertise in regulatory affairs, clinical research, data management, and clinical trial monitoring.
Biopharmaceutical CMO and CRO Market Segmentation
The worldwide market for biopharmaceutical CMO and CRO is split based on source, service type product, and geography.
Biopharmaceutical CMO and CRO Sources
Non-Mammalian
Mammalian
Biopharmaceutical CMO and CRO Service Types
Contract Manufacturing
Process Development
Upstream
Downstream
Analytical & QC studies
Finish & Fill Operations
Packaging
Contract Research
Oncology
Cardiology
Neuroscience
Inflammation & Immunology
Others
Biopharmaceutical CMO and CRO Products
Biosimilars
Biologics
Monoclonal Antibodies (MAbs)
Recombinant Proteins
Vaccines
Antisense, RNAi, & Molecular Therapy
Others
Biopharmaceutical CMO and CRO Market Regional Outlook
North America (United States and Canada)
Europe (Germany, UK, France, Spain, and the Rest of Europe.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Rest of Asia-Pacific)
Latin America (Brazil, Mexico, and the Rest of Latin America.)
Middle East and Africa (South Africa, GCC Countries, and, the Rest of the Middle East & Africa (ME&A))
Biopharmaceutical CMO and CRO Market Players
Some of the top biopharmaceutical CMO and CRO companies offered in our report includes Catalent, Inc., Lonza Group AG, Patheon N.V., Thermo Fisher Scientific Inc., WuXi AppTec Co., Ltd., Samsung Biologics, Boehringer Ingelheim GmbH, Cytovance Biologics, Inc., AbbVie Contract Manufacturing, Fujifilm Diosynth Biotechnologies, and AGC Biologics.
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