Biologics Contract Development And Manufacturing (CDMO) Is The Fastest Growing Segment Fueling Growth Of The Biopharmaceutical CMO And CRO Market


https://www.coherentmarketinsights.com/market-insight/biopharmaceutical-cmo-and-cro-market-5933
Biopharmaceutical CMO And CRO Market


Market Overview:

The biopharmaceutical CMO and CRO market comprises companies that offer services related to development and manufacturing of biopharmaceutical drugs on a contract basis. They provide end-to-end services from drug development to commercial manufacturing. Their expertise helps small and large biotech companies focus on core activities.

Market key trends:
One of the key trends driving growth in the biopharmaceutical CMO and CRO market is the increasing adoption of biologics over traditional small molecule drugs. Biologics have revolutionized treatment for various diseases but their development and manufacturing is highly complex and specialized. This has led more biotech companies to rely on CDMOs and CROs having expertise in bioprocessing and analytical services. Another major trend is the shift towards single-use technologies by CDMOs to offer flexible, rapid and cost-effective manufacturing solutions to clients. This is helping biotech innovators speed up development and launch of biologics.
Segment Analysis

The biopharmaceutical contract manufacturing and contract research organizations (CMO and CRO) market is segmented based on services, therapeutic area, and scale of operation. Within services, contract development and manufacturing organization (CDMO) services dominate the market. CDMOs offer end-to-end services from product development to commercial manufacturing, which is driving their high adoption among biopharmaceutical companies to focus on their core areas.

The global Biopharmaceutical CMO and CRO Market Demand is estimated to be valued at US$ 36.2 Bn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Key Takeaways

The global Biopharmaceutical CMO and CRO Market is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing R&D investments by pharmaceutical companies in cell and gene therapies.


North America is expected to dominate the global biopharmaceutical CMO and CRO market over the forecast period. This is attributed to presence of majority of global players and growing biologics market in the region. Asia Pacific region is expected to exhibit highest growth rate owing to low-cost operations and increasing foreign investments in countries like China and India.


Key players operating in the Biopharmaceutical CMO and CRO market are Allphase Clinical Research, AlcheraBio, Alcami, Akos Urgent Care, Agilent, AGC Biologics, Affinity Life Sciences, Inc., Actimus Bio, ACI Clinical, Accumedix, Inc., Absorption Systems, A10 Clinical Solutions, Albuquerque Clinical Trials (ACT), Ajinomoto Bio-Pharma Services, Advanced Clinical Services LLC, ACM Global Laboratories, Accelerated Enrollment Solutions, AbbVie Contract Manufacturing, Advanced BioScience Laboratories, Advanced Clinical Research Institute, and Alliance for Clinical Trials in Oncology, among others

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