Pharmaceutical Contract Development and Manufacturing Organization (CDMO) Market Insights, Rising Trends and Global Demand 2022- Catalent Inc., Recipharm AB, Jubilant Life Sciences Ltd, Patheon Inc

The Pharmaceutical Contract Development and Manufacturing Organization (CDMO)  market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue and forecast 2028. This report also includes the overall and comprehensive study of the Pharmaceutical Contract Development and Manufacturing Organization (CDMO) market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the Pharmaceutical Contract Development and Manufacturing Organization (CDMO) industry and provides data for making strategies to increase market growth and effectiveness.

The pharmaceutical CDMO market was valued at USD 148.5 billion in 2019, and it is expected to reach USD 224.9 billion by 2027, registering a CAGR of 7%, during the period of 2022-2027.

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Markets Segmentation:

Top leading Companies Profiled in Pharmaceutical Contract Development and Manufacturing Organization (CDMO) Market Report are - Catalent Inc., Recipharm AB, Jubilant Life Sciences Ltd, Patheon Inc., Boehringer Ingelheim Group, Pfizer CentreSource, Aenova Holding GmbH, Famar SA, Baxter Biopharma Solutions, Lonza Group, CMIC Holdings Co. Ltd, Covance Inc., Syneos Health Inc., LSK Global Pharma Service Co Ltd, Novotech Pty Ltd, PAREXEL International Corporation, Pharmaceutical Product Development LLC, PRA Health Sciences Inc., Quanticate Ltd, IQVIA Holdings Inc., SGS SA (SGS Life Sciences), Hangzhou Tigermed Consulting Co Ltd, Samsung Bioepis Co. Ltd, WuXi AppTec Inc., Sagimet Biosciences (3V Biosciences Inc.)

News and Updates

- February 2022 - Catalent, has signed an agreement with Zumutor Biologics Inc., to manufacture ZumutorÕs, ZM008, for the treatment of solid tumors. Zumutor is a biologics company that develops novel immuno-oncotherapeutics to drive transformational improvements in cancer treatment.

- December 2019 - Thermo Fisher Scientific Inc. opened its new USD 90 million viral vectors CDMO (contract development and manufacturing organization) site in Lexington, Mass. The 50,000-square-foot facility may add more than 200 jobs and support the development, testing, and manufacture of viral vectors, which are critical to advancing new life-saving gene and cell therapies worldwide.

Market Overview

- As a result of the growing demand for generic medicines and biologics, the capital-intensive nature of the business, and the complex manufacturing requirements, many pharmaceutical companies have identified the potential profitability in contracting with a CMO (contract manufacturing outsourcing) for both clinical and commercial stage manufacturing.

- The biggest factor driving the growth of CMOs in the pharmaceutical industry is the growing need for state-of-the-art processes and production technologies, which have proven highly effective in meeting regulatory requirements.

- US is one of the largest R&D spenders in the pharmaceutical and biotechnology sector. According to Axios, a prominent online news company in the United States, as of 2018, pharmaceutical industries in the country had the tenth-highest average after-tax profit levels, when compared to more than 100 different industries. While drug companies are responsible for 23% of the US health revenue, they also make 63% of the total profits.

- R&D sections of several pharmaceutical companies, especially operating at small scales, were condensed after the emergence of CRO players. As more CROs have started to offer research services with valuable cost, they won the competition with in-house pharmaceutical R&D departments. CROs also follow several strategies to stay ahead of top pharmaceutical players.

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

Asia-Pacific Expected to Witness Highest Growth in CRO Market

- Over the forecast period, Asia-Pacific is expected to witness the highest growth in the CRO market, owing to the low cost offered by the region, as compared to the United States and other developed economies. Additionally, growing incidences of chronic and lifestyle diseases, such as diabetes and heart disease, coupled with ease of patient recruitment and availability of expertise for clinical trials, are few driving factors boosting growth in the region.

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Key Takeaways from Pharmaceutical Contract Development and Manufacturing Organization (CDMO) Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Pharmaceutical Contract Development and Manufacturing Organization (CDMO) market - key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance - Pharmaceutical Contract Development and Manufacturing Organization (CDMO) market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Pharmaceutical Contract Development and Manufacturing Organization (CDMO)

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In conclusion, the Pharmaceutical Contract Development and Manufacturing Organization (CDMO) market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Pharmaceutical Contract Development and Manufacturing Organization (CDMO) Industry business competitors. Our expert research analyst's team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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