Healthcare Contract Development And Manufacturing Organization market size is estimated to be worth USD 232.5 Million in 2022 and is forecast to a readjusted size of USD 327.1 Million by 2028 with a CAGR of 5.9%| Valuates Reports.

CDMO Market Size

Key drivers of the CDMO market include the growing demand for pharmaceutical drugs owing to the increase in the prevalence of chronic diseases. The consolidation and expansion of the activities undertaken by CDMOs will fuel the demand for the CDMO market as drug manufacturing, supply chain becomes complex with each passing day.

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Moreover, the need for quick regulatory approvals, and avoiding R&D risks, and costs have encouraged pharma and biotech companies to rely on external partners which in turn will drive the market growth in the coming years. However, stricter government regulations will hinder market expansion during the review period.

Trends Influencing the Global CDMO Market

The growing number of pharma drugs for countering the rapid rise of diseases
Due to the booming population growth, chronic diseases, and growing geriatric population requiring medication, there is a need for pharma companies to outsource their services. This is due to the fact that they suffer from issues related to logistics, manufacturing, scalability, and capacity constraints. Drugs need faster regulatory compliance and timely delivery to patients. CDMOs alleviate the problems faced by biotech companies. These factors will spur the growth of the CDMO market in the upcoming years.

Increase in services

CROs( Contract Research Organizations) and CDMOs are merging up for providing specialized services on drug formulation and development. Right from blending, coating, serialization, packaging, converting, shipment, and analytical services everything is being taken up by CDMOs who have dedicated staff, equipment, and state of manufacturing facilities for expediting the process. Hence the rapid spread of the sector will augment the growth of the CDMO market during the forecast period.

R&D initiatives

The production of many generic, biosimilar, and biologic drugs entails risks as most clinical trials end up failing in the testing stage. This leads to wastage of funds and delayed manufacturing. Hence CDMOs through their technical expertise share the R&D risks providing an agile production process. The operational costs are reduced due to no additional investments in facilities, labor, or machines. Resource allocation is optimized. These factors will drive the growth of the CDMO market during the review period.

Stringent regulations

CDMOs today have to be global in order to maintain their competitive edge. With stringent quality checks and tough standards, small organizations are unable to invest in state-of-the-art facilities along with the cost challenges. This in turn is expected to hinder the growth of the CDMO market during the forecasted period.

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CDMO Market Share

Lonza was the global largest company in Contract Development and Manufacturing Organizations (CDMOs) industry,with the Revenue Share of 4.80% in 2018,followed by Catalent, Patheon (Thermo Fisher Scientific), Aenova, Siegfried, Recipharm, Strides Shasun, Piramal, Metrics, AMRI, Famar, WuXi AppTech, Asymchem, Porton, Amatsigroup.
Based on type, The API segment had a share of 47% in 2018 and will provide lucrative opportunities for growth in the CDMO market share. Based on application, The Pharmaceutical company segment will witness significant growth in the CDMO market share. Based on region, North America is expected to grow the highest in the CDMO market share due to the presence of established players and rising R&D activities.

By Type

• API Development
• Manufacturing
• Drug Delivery

API Development had a revenue share of 47% in 2018, followed by manufacturing and drug delivery.

By Application

• Pharmaceutical Company
• Biotechnology Company
• Generic Company

By Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA

By Company

• Lonza
• Catalent
• Patheon (Thermo Fisher Scientific)
• Aenova
• Siegfried
• Recipharm
• Strides Shasun
• Piramal
• Metrics
• AMRI
• Famar
• WuXi AppTech
• Asymchem
• Porton
• Amatsigroup

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