Press release
Strong Growth Ahead: Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Market Size To Grow At Arecord 16.7% Cagr By 2029
Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Market
How Big Is the Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Market Size Expected to Be by 2034?
The advanced therapy medicinal products CDMO market has grown rapidly, set to grow from $5.31 billion in 2024 to $6.22 billion in 2025 at a CAGR of 17.0%, driven by more clinical trials, growing researcher confidence in advanced therapies, numerous CDMOs, development of novel treatments, and supportive government efforts.
The advanced therapy medicinal products CDMO market is anticipated to rise rapidly, reaching $11.53 billion by 2029 with a CAGR of 16.7%. Growth is driven by increased CDMO investment, a growing CGT startup ecosystem, more R&D spending, clinical trial activity, and financial backing. Trends include AAV manufacturing, expansion in CGT capabilities, CRISPR technologies, next-gen sequencing, and access to sophisticated platforms.
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What Are the Emerging Segments Within the Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Market?
The advanced therapy medicinal products contract development and manufacturing organization (CDMO) market covered in this report is segmented -
1) By Product: Gene Therapy, Cell Therapy, Tissue Engineered
2) By Phase: Phase I, Phase II, Phase III, Phase IV
3) By Indication: Oncology, Cardiology, Central Nervous System And Musculoskeletal, Infectious Disease, Dermatology, Endocrine, Metabolic, Genetic, Immunology And Inflammation, Ophthalmology, Hematology
Subsegments:
1) By Gene Therapy: Viral Vectors, Non-Viral Vectors, Dna Or Rna-Based Products
2) By Cell Therapy: Autologous Cell Therapy, Allogeneic Cell Therapy, Stem Cell Therapy
3) By Tissue Engineered: Skin Substitutes, Cartilage And Bone Tissue, Vascular Grafts And Organs
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What Long-Term Drivers Are Shaping Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Market Trends?
A rise in clinical trials is supporting the advanced therapy medicinal products CDMO market. The growth in trials reflects rising demand for new treatments and increased disease burden. CDMO services play a key role by offering the infrastructure to manufacture advanced therapies. The Association of the British Pharmaceutical Industry reported a 4.3% increase in UK clinical trials, from 394 in 2021 to 411 in 2022. This rise in trials is pushing the advanced therapy medicinal products CDMO market forward.
Who Are the Top Competitors in Key Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Market Segments?
Major companies operating in the advanced therapy medicinal products contract development and manufacturing organization (CDMO) market are Thermo Fisher Scientific Inc., Merck KGaA, Resonac Corporation, Lonza Group AG, Catalent Inc., Charles River Laboratories International Inc., Recipharm AB, KBI Biopharma, Takara Bio Inc., Rentschler Biopharma SE, Ajinomoto Co. Inc., ElevateBio LLC, Fujifilm Diosynth Biotechnologies, Axplora Group GmbH, WuXi Advanced Therapies Inc., Celonic Group, Batavia Biosciences B.V., BioCentriq, Cytovance Biologics, Andelyn Biosciences, Genezen, AGC Biologics, ABL Manufacturing, Minaris Regenerative Medicine, Porton Advanced Solutions
What Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Market Trends Are Gaining Traction Across Different Segments?
In the advanced therapy medicinal products CDMO market, companies are launching advanced cell therapy manufacturing services to streamline development and solve production challenges. In January 2024, Pluristem Therapeutics Inc. launched PluriCDMO, utilizing a patented bioreactor system for 3D cell expansion of therapies like stem cells and exosomes, offering consistent, GMP-compliant production.
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Which Regions Are Becoming Hubs for Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Market Innovation?
North America was the largest region in the advanced therapy medicinal product contract development and manufacturing organization (CDMO) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced therapy medicinal products contract development and manufacturing organization (CDMO) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Market?
2. What is the CAGR expected in the Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Market?
3. What Are the Key Innovations Transforming the Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Industry?
4. Which Region Is Leading the Advanced Therapy Medicinal Products Contract Development And Manufacturing Organization (CDMO) Market?
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