Global Contract Development and Manufacturing Organisation (CDMO) Market Report and Forecast 2023-2028

Global Contract Development & Manufacturing Organisation (CDMO) Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global contract development & manufacturing organisation (CDMO) market attained a value of USD 226.38 billion in 2022. Aided by the rising demand for pharmaceuticals and the growing focus on research and development, the market is projected to further grow at a CAGR of 7.3% between 2023 and 2028 to reach a value of USD 349.47 billion by 2028.

Contract development & manufacturing organisations (CDMOs) provide comprehensive services to pharmaceutical and biotechnology companies, including drug development, manufacturing, and packaging. By partnering with CDMOs, pharmaceutical and biotech companies can streamline their operations, reduce costs, and focus on their core competencies. CDMOs are equipped with the necessary infrastructure, expertise, and regulatory compliance to develop and manufacture a wide range of pharmaceutical products, from active pharmaceutical ingredients (APIs) to finished dosage forms. The contract development & manufacturing organisation (CDMO) market 's growth can be attributed to several factors, including the increasing demand for pharmaceuticals due to the rising prevalence of chronic diseases and an expanding geriatric population. This demand has prompted pharmaceutical and biotech companies to seek cost-effective and efficient solutions to develop and manufacture their products, driving the growth of the contract development & manufacturing organisation (CDMO) market.

Another key driver for the contract development & manufacturing organisation (CDMO) market is the growing focus on research and development (R&D) in the pharmaceutical and biotechnology sectors. As companies strive to discover and develop innovative drugs and therapies, they increasingly rely on the expertise and capabilities of CDMOs to accelerate the drug development process and reduce time-to-market. This trend has led to a surge in demand for CDMO services, particularly for early-stage development and clinical trial materials manufacturing.

The increasing adoption of advanced technologies and the growing trend of outsourcing complex and specialised manufacturing processes are also contributing to the growth of the contract development & manufacturing organisation (CDMO) market. CDMOs have adopted cutting-edge technologies, such as continuous manufacturing, single-use systems, and cell and gene therapy platforms, to offer differentiated and specialised services to their clients. This has not only helped CDMOs stay competitive but also enabled pharmaceutical and biotech companies to access state-of-the-art capabilities without incurring significant capital investments. Such advantages and applications are expected to propel the growth of the contract development & manufacturing organisation (CDMO) market.

Market Segmentation

The market can be divided on the basis of service offered, CMO, CRO, and region.

Market Bifurcation by Service Offered:

• CMO
• CRO

Market Division by CMO:

• API Manufacturing
• Finished Product Manufacturing
• Breakup by Type

Solid

Liquid

Injectable

• Packaging
• Others

Market Segregation by CRO:

• Discovery
• Preclinical
• Clinical
• Breakup by Type

Phase I

Phase II

Phase III

Phase IV

• Laboratory Services
• Breakup by Type

Bioanalytical Services

Analytical Services

• Others

Market Breakup by Region:

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

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global contract development & manufacturing organisation companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Lonza Group Ltd
• Catalent, Inc.
• Thermo Fisher Scientific, Inc.
• Jubilant Pharmova Ltd
• Aenova Holding GmbH
• Boehringer Ingelheim International GmbH
• Pfizer Inc.
• CordenPharma GmbH
• Recipharm AB
• Siegfried Holding AG
• Curia
• Fabbrica Italiana Sintetici S.p.A
• Fareva SA

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.