The new report by EMR titled, ‘Global Contract Development and Manufacturing Organization (CDMO) Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global contract development and manufacturing organization (CDMO) market assessing the market based on its segments like services, CRO, CMO, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 163 Billion
- Forecast CAGR (2021-2026): 8%
- Forecast Market Size (2026): USD 262 Billion
The increasing population in the developing nations such as China and India are facing the challenge of rising incidence of acute and chronic diseases. The economic development in the region has led to expansion of healthcare expenditure. This is leading to a surge in the demand for contract development and manufacturing organization market. The governments have also been passing regulations that are proving to be favourable to the CDMO industry. The developed nations such as United States is witnessing an increase in the geriatric population which is prone to diseases. This has led to increase in demand for pharmaceutical products which is ultimately boosting the CDMO industry.
Industry Definition and Major Segments
Contract development and manufacturing organization are those companies that work with other pharmaceutical firms on a contract basis and provide them with different sets of services. The pharmaceutical or biotech firms partner with CDMO to outsource their operations including drug manufacturing, packaging, clinical trials, clinical research, and drug marketing.
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On the basis of service offered, the market is categorised into:
On the grounds of CMO, the industry is classified into:
On the basis of CRO, industry is divided into the following:
The clinical segment is also segmented into phase I, phase II, phase III, and phase IV. The laboratory services segment can be further classified into bioanalytical services and analytical services.
The report also covers the regional cloud analytics markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The market for CDMO is witnessing several collaborations between the big and small players to improve their services and expand their skill set. The technological innovations have allowed CDMOs to attract many pharma and biotech players and developed the CDMO market. There has been a rising demand for reduction in costs of drugs. The CDMOs have been able to streamline the manufacturing process and optimize the supply chain to drive down the costs associated with pharmaceutical products. New treatment procedures such as cell and gene therapies have led to burgeoning of the demand for contract development and manufacturing organization industry.
Key Market Players
The major players in the market are Catalent, Inc, Boehringer Ingelheim International GmbH, Recipharm AB, Albany Molecular Research Inc., Pfizer Inc and Jubilant Life Sciences Ltd among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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