The CMO/CDMO Market Size was valued at USD 18.92 Billion in 2022 and is expected to reach USD 41.75 Billion by 2030, and grow at a CAGR of 10.4% over the forecast period 2023-2030.
CMOs and CDMOs are companies that take a pre-formulated drug and produce it, whereas CDMOs are companies that create and manufacture drugs. Throughout the projection period, rising demand for face care creams and sunscreen lotions, as well as the requirement for cutting-edge procedures and production technology, has led to the adoption of CMO/CDMO. For example: When compared to more than 100 various industries, pharmaceutical industries in the United States had the tenth highest average after-tax profit levels in 2022, according to Axios, a significant online news firm in the United States. Drug corporations earn 68 % of the overall profits in the United States, although accounting for only 29% of total sales.
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In addition, as the demand for generic medications and biologics grows, the acceptance and demand for CMO/CDMO is expected to rise during the projection period. Government regulations, on the other hand, will stifle market growth between 2023 and 2030.
DRIVERS
One of the fastest-growing domains will be skin products.
The market is growing due to increased expenditure in pharmaceutical R&D
Pharmaceutical businesses will use CMO/CDMO services for drug development.
RESTRAINTS
The issue for CMOs and CDMOs is to provide a reliable serialisation procedure.
OPPORTUNITIES
Manufacturing of novel biologics and biosimilars is experiencing rapid increase.
Beauty care products and individual consideration items are popular.
CHALLENGES
Rules and regulation of government
Due to technological improvements and the COVID-19 pandemic, specialized enterprises are emerging at high annual rates. Local governments and businesses are allocating a large amount of money to expand existing facilities and build new ones in order to combat the COVID-19 outbreak. Furthermore, technical improvements have made it a priority to improve CDMO capabilities.
Furthermore, price differences in contract services are due to the nature of biopharmaceuticals, cell-line technology, and CDMO type. As a result of the COVID-19 epidemic, contract service pricing is projected to rise, with longer lead times for slot availability.
As a result, the COVID-19 pandemic has shifted national healthcare objectives and spending, but this is only expected to have a short-term negative impact on market growth because COVID-19 vaccine development was prioritized.
Therefore, in order to meet the growing demand for biologics manufacturing, consolidation activities and the expansion of international manufacturing capacity have increased. As a result of these causes, the CMO/CDMO industry grew during the pandemic crisis.
By Product
Over the projected period, monoclonal antibodies are expected to lead the market with a 49% market share. This is due to a high rate of success in the development and approval of monoclonal antibody therapies, as well as the introduction of biosimilars in the United States and Europe.
By Services
Over the forecast period, standalone services would command a market share of 65%. The growth of cell-line development services by biopharmaceutical and biotechnology businesses is mostly responsible for this segment's size.
On the Basis of Service:
Contract Development
R&D Services
Clinical Trail Services
Pre-Formulation Studies
Others
Contract Manufacturing
API Manufacturing
Finished Dosage Manufacturing
Injectable Drug Manufacturing
Tablet & Capsule Manufacturing
Liquid Manufacturing
Topical Drug Manufacturing
On the Basis of End User:
Large Pharma Companies
Mid-Sized Pharma Companies
Biotechnology Companies
Others
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The greatest market for CMO/CDMO services is in North America. The growing demand from the pharmaceutical and biotechnology sectors is propelling this market forward. Furthermore, the increasing number of generic medicine approvals is driving up demand for contract development and manufacturing services in this region.
During the projection period, the Latin American market for CMO/CDMO services is expected to grow at a rapid rate. This is due to rising healthcare spending and increased investments in drug research projects in countries such as Brazil and Mexico.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Some of the major key players are as follows: Piramal Pharma Solutions, Samsung Biologics, Eurofins Scientific, mAbxience, Lonza, CoreRx, AXXELENT, Laurus Synthesis, KBI Biopharma., Sai Life Sciences, Idifarma, QuayPharma, BDR Pharmaceuticals Internationals Pvt. Ltd., HIKAL Ltd.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 18.92 Billion |
| Market Size by 2030 | US$ 41.75 Billion |
| CAGR | CAGR of 10.4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Service (Contract Development (R&D Services, Clinical Trail Services, Pre-Formulation Studies, others), Contract Manufacturing (API Manufacturing, Finished Dosage Manufacturing, Injectable Drug Manufacturing, Tablet & Capsule Manufacturing, Liquid Manufacturing, Topical Drug Manufacturing) • By End User (Large Pharma Companies, Mid-Sized Pharma Companies, Biotechnology Companies, others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Piramal Pharma Solutions, Samsung Biologics, Eurofins Scientific, mAbxience, Lonza, CoreRx, AXXELENT, Laurus Synthesis, KBI Biopharma., Sai Life Sciences, Idifarma, QuayPharma, BDR Pharmaceuticals Internationals Pvt. Ltd., HIKAL Ltd. |
| DRIVERS | • One of the fastest-growing domains will be skin products. • The market is growing due to increased expenditure in pharmaceutical R&D • Pharmaceutical businesses will use CMO/CDMO services for drug development. |
| RESTRAINTS | • The issue for CMOs and CDMOs is to provide a reliable serialisation procedure. |
Ans: The CMO/CDMO market size was valued at US$ 18.92 Billion in 2022.
One of the fastest growing domains will be skin products, The market is growing due to increased expenditure in pharmaceutical R&D all propelling CMO/CDMO market forward.
Ans:- The CMO/CDMO Market is to grow at a CAGR of 10.4% during the forecast period 2023-2030.
Boehringer Ingelheim, Catalent, Lonza., KBI Biopharma (JSR Corporation), Samsung Biologics Co., Ltd, Cytovance Biologics, Xpress Biologic are the key players of the CMO/CDMO Market.
CMO/CDMO Market Size was valued at USD 17.14 billion in 2021.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global CMO/CDMO Market Segmentation, By Service
8.1 Contract Development
8.1.1 R&D Services
8.1.2 Clinical Trail Services
8.1.3 Pre-Formulation Studies
8.1.4 Others
8.2 Contract Manufacturing
8.2.1 API Manufacturing
8.2.2 Finished Dosage Manufacturing
8.2.3 Injectable Drug Manufacturing
8.2.4 Tablet & Capsule Manufacturing
8.2.5 Liquid Manufacturing
8.2.6 Topical Drug Manufacturing
9. Global CMO/CDMO Market Segmentation, By End User
9.1 Large Pharma Companies
9.2 Mid-Sized Pharma Companies
9.3 Biotechnology Companies
9.4 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profiles
11.1 Piramal Pharma Solutions
11.2 Samsung Biologics
11.3 Eurofins Scientific
11.4 mAbxience
11.5 Lonza
11.6 CoreRx
11.7 AXXELENT
11.8 Laurus Synthesis
11.9 KBI Biopharma.
11.10 Sai Life Sciences
11.11 Idifarma
11.12 QuayPharma
11.13 BDR Pharmaceuticals Internationals Pvt. Ltd.
11.14 HIKAL Ltd.
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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