Pharmaceuticals

Global Contract Development Manufacturing Organizations Market Outlook, Opportunities And Strategies

December 27, 2021December 27, 2021 by The Business Research Company

Learn about the global contract development manufacturing organizations market through The Business Research Company, which provides information on contract development manufacturing organizations market size, contract development manufacturing organizations market drivers and restraints, contract development manufacturing organizations market players, the COVID-19 impact on the contract development manufacturing organizations market, and more.

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The global contract development manufacturing organizations market is expected to grow from $158.72 billion in 2020 to $176.19 billion in 2021 at a compound annual growth rate (CAGR) of 11%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $267.74 billion in 2025 at a CAGR of 11%.

The growing demand for pharmaceutical products due to the increase in the chronic diseases and geriatric population are expected to drive innovation in contract development manufacturing organizations manufacturing, thus driving the market during the forecast period.

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The contract development manufacturing organizations market consists of sales of small molecules and biologics products by entities (organizations, sole traders, and partnerships), which serve the pharmaceutical companies on a contract basis. The market consists of revenue generated by the CDMOs, which serve from drug development and drug manufacturing. Only goods and services traded between entities or sold to end consumers are included.

Global Contract Development Manufacturing Organizations Market Segments Include:

By Service: CMO, CRO

By Product: Small Molecules, Biologics

By End User: Big Pharma, Small and Mid-size Pharma, Generic Pharmaceutical Companies, Other End Users

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in contract development manufacturing organizations market in 2020.

The introduction of custom solutions is a key trend gaining the popularity in the contract development manufacturing organizations market. Contract development manufacturing companies focused on the implementation of custom technologies to address the unique needs of individual research applications.

TBRC’s contract development manufacturing organizations market report covers:

Major Market Players: Recipharm AB., Patheon Inc., Boehringer Ingelheim International, Catalent Inc., Lonza Group Ltd., Thermo Fisher Scientific Inc., Aenova Holding, Almac Group, Vetter, Covance Inc., Pfizer CentreSource, Jubilant Life Sciences Ltd., Abbvie Contract Manufacturing, The Lubrizol Corp., Famar SA, Baxter, Evotec AG, CMIC Holdings Co. Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Contract Development Manufacturing Organizations Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides contract development manufacturing organizations market overviews, analyzes and forecasts market size, share, contract development manufacturing organizations market players, contract development manufacturing organizations market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s contract development manufacturing organizations market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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