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DUBLIN--(BUSINESS WIRE)--Sep 3, 2024--
The "Contract Development & Manufacturing Organization (CDMO) Market: Insights & Forecast (2024-2028)" report has been added to ResearchAndMarkets.com's offering.
The global CDMO market is estimated to reach US$294.63 billion in 2028, growing at a CAGR of 9.32%, for the period spanning 2024-2028.
The factors such as increasing per capita disposable income, increasing global healthcare expenditure, rising aging population, increasing R&D spending, growing number of new drugs, rise in investments and strategic collaborations and growing demand for pharmaceutical products are expected to drive the market. However, growth of the industry will be challenged by stringent government regulations. A few notable trends include increasing demand for highly potent API manufacturing services, growing demand for quality by design services, growth in oncology segment, growing demand for process development CDMO services and lengthy and costly drug development process.
In terms of services, the global API drug market accounted for the highest share of the market and is expected to grow in future owing to growing number of biologics APIs in pipeline stage and growing adoption of multiple of therapies. Whereas on the basis of product, small molecule drugs held a major share of the market owing to the surge in the pharmaceutical R&D activities worldwide.
In terms of geographical areas, North America is the major contributor to the global CDMO market supported by growing collaborations and wide range of services provided by CDMOs. Asia Pacific is the fastest growing market for CDMOs owing to highly skilled workforce and low research and development cost advantage.
Scope of the report
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 66 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $206.27 Billion |
| Forecasted Market Value (USD) by 2028 | $294.63 Billion |
| Compound Annual Growth Rate | 9.3% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
1.1 CDMO
1.2 CDMO Services
1.3 Advantages of CDMO
2. Impact of COVID-19
2.1 Rise in Clinical Trials
3. Global CDMO Market Analysis
3.1 Global CDMO Market by Value
3.2 Global CDMO Market Forecast by Value
3.3 Global CDMO Market by Service
3.4 Global CDMO Market by Product
3.5 Global CDMO Market by Region
4. Regional Endoscopy Market Analysis
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 Latin America
4.5 Middle East & Africa
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Per Capita Disposable Income
5.1.2 Increasing Global Healthcare Expenditure
5.1.3 Rising Aging Population
5.1.4 Increasing R&D Spending
5.1.5 Growing Number of New Drugs
5.1.6 Rise in Investments and Strategic Collaborations
5.1.7 Growing Demand for Pharmaceutical Products
5.2 Key Trends & Developments
5.2.1 Increasing Demand for Highly Potent API Manufacturing Services
5.2.2 Growing Demand for Quality by Design Services
5.2.3 Growth in Oncology Segment
5.2.4 Growing Demand for Process Development CDMO Services
5.2.5 Lengthy and Costly Drug Development Process
5.3 Challenges
5.3.1 Stringent Government Regulations
6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/2x0jkf
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KEYWORD:
INDUSTRY KEYWORD: GENERAL HEALTH MANUFACTURING OTHER MANUFACTURING HEALTH PHARMACEUTICAL
SOURCE: Research and Markets
Copyright Business Wire 2024.
PUB: 09/03/2024 05:00 PM/DISC: 09/03/2024 04:59 PM
http://www.businesswire.com/news/home/20240903668392/en