Press release
Inhalation CDMO Market Projected to Grow Rapidly at 5.2 Percent CAGR Due to Growing Demand for Efficient Inhalation Therapies and Regulatory Compliance Expertise
Inhalation CDMO Market
According to the latest research by InsightAce Analytic, the Global Inhalation CDMO Market is valued at US$ 7.9 Bn in 2023, and it is expected to reach US$ 11.8 Bn by 2031, with a CAGR of 5.2% during the forecast period of 2024-2031.
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An inhalation Contract Development and Manufacturing Organization (CDMO) specializes in providing end-to-end development and manufacturing services for inhalation-based pharmaceutical products on a contractual basis. These organizations offer comprehensive solutions encompassing the entire product lifecycle, from formulation development through to commercial-scale manufacturing and scale-up. The inhalation CDMO market is driven by several key factors, including the rising prevalence of respiratory diseases, increasing demand for advanced inhalation therapies, innovations in drug delivery technologies, and the requirement for specialized expertise in inhalation drug development and production.
Pharmaceutical companies are increasingly collaborating with CDMOs to leverage their expertise in formulation development, manufacturing, and scale-up processes, particularly to address the growing incidence of respiratory conditions such as COVID-19, asthma, and chronic obstructive pulmonary disease (COPD). This trend has accelerated the development of novel inhalation therapies. CDMOs provide valuable end-to-end solutions that help reduce development timelines and lower costs for pharmaceutical manufacturers. The expanding demand for effective respiratory treatments, combined with continuous advancements in inhalation drug delivery systems, is propelling significant growth in the inhalation CDMO market. Nonetheless, the relatively high costs associated with inhalation CDMO services present a considerable challenge to market entry and broader adoption.
List of Prominent Players in the Inhalation CDMO Market:
• Recipharm AB
• AptarGroup Inc.
• Hovione
• Vectura Group Ltd
• Nemera
• Kindeva
• H&T Presspart
• Sanner GmbH
• Stevanato Group
• Medspray
• ICONOVO AB
• Lonza
• Gerresheimer AG
• Catalent
• Thermo Fisher Scientific Inc.
• Lubrizol Life Science
• Enteris BioPharma
• Cambrex Corporation
• INKE
• Piramal Pharma Limited
• Lupin
• Others
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Market Dynamics
Drivers:
The increasing demand for inhalation CDMO services is largely attributable to the rising incidence of respiratory diseases such as asthma and cystic fibrosis. This surge in respiratory conditions has intensified the need for innovative and effective inhalation therapies. In response, pharmaceutical companies are increasingly seeking specialized expertise in the development and manufacturing of inhalation drug products. Moreover, advancements in drug delivery technologies-such as dry powder inhalers and metered-dose inhalers-necessitate precise formulation and manufacturing capabilities. Additionally, the imperative to comply with stringent regulatory standards and expedite the time-to-market for new inhalation therapies is further propelling demand for inhalation CDMO services.
Challenges:
The inhalation CDMO market is confronted with several challenges that could constrain its growth. High costs associated with development and manufacturing, rigorous regulatory requirements, and the complexity of formulation processes represent significant barriers. The necessity for specialized equipment and expert personnel elevates operational expenditures, potentially limiting market participation among smaller companies. Furthermore, navigating heterogeneous global regulatory frameworks often leads to delays in product approvals and market introductions. These challenges necessitate substantial investments in advanced technologies and regulatory compliance, thereby restricting broader market expansion.
Regional Trends:
The North American inhalation CDMO market is anticipated to capture a substantial share of total revenue and is projected to experience a strong compound annual growth rate (CAGR) over the forecast period. This growth is supported by a well-established pharmaceutical and biotechnology industry with a focus on respiratory therapies, including treatments for asthma and chronic obstructive pulmonary disease (COPD), alongside favorable government regulations. Europe also holds a significant market share, driven by its highly skilled workforce, advanced manufacturing infrastructure, and technological expertise. The region's emphasis on innovation and efficiency in inhalation product development further reinforces its competitive position in the global market.
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Recent Developments:
• In May 2024, ReciBioPharm, a business unit of Recipharm that develops new and advanced therapies, announced a partnership with GeneVentiv Therapeutics, a preclinical gene therapy company. The two will collaborate to develop an AAV-based universal gene therapy for hemophilia, which will be the first treatment for hemophilia patients with inhibitors.
• In June 2024, Aptar Digital Health, a frontrunner in the field of digital health solutions, connected devices, and disease management, announced a partnership with SHL Medical, a frontrunner in the field of advanced medication delivery systems (including autoinjectors, pen injectors, and specialized delivery systems), today. To further assist patients undergoing injectable treatment in managing their condition, the partnership will expand SHL Medical's linked device technologies by including Aptar Digital Health's SaMD platform.
Segmentation of Inhalation CDMO Market-
Inhalation CDMO Market- By Service
• Formulation Development
• Device Development and Manufacturing
• Clinical Manufacturing
• Scale-up and Tech Transfer
• Quality Control and Quality Assurance
• Technology and Innovation
• Regulatory Assistance
• Analytical Services
Inhalation CDMO Market- By Application
• API
o API Substrate
o Large Molecule
o Small Molecule
• Inhalation Platform
o API Substrate
o Large Molecule
o Small Molecule
Inhalation CDMO Market- By Company Size
• Large
• Medium
• Small
Inhalation CDMO Market- By Scale of Operation
• Preclinical
• Clinical
• Commercial
Inhalation CDMO Market- By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/inhalation-cdmo-market/2708
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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