CMO/CDMO Market is predicted to reach USD 38.19 billion at a CAGR of 5.90% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global CMO/CDMO Market”.

The CMO/CDMO market is estimated to register a CAGR of 5.90% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global CMO/CDMO market— Swiss American CDMO, Pierre Fabre Group, Zymo Cosmetics, Fareva, Biofarma Srl C.F., Chemineau, C.O.C. Farmaceutici Srl and Paragon Nordic.

Market Highlights

The global CMO/CDMO market is accounted to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 38.19 billion by 2032.

The Contract Manufacturing Organization (CMO) and Contract Development and Manufacturing Organization (CDMO) market continues to expand rapidly, driven by increasing demand for outsourcing services in pharmaceuticals, biotechnology, and related industries. Key highlights include a surge in strategic partnerships between CMOs/CDMOs and pharmaceutical companies to streamline manufacturing processes and accelerate drug development timelines. Additionally, technological advancements such as continuous manufacturing and personalized medicine are reshaping the landscape, prompting CMOs/CDMOs to invest in innovative solutions to meet evolving client needs and regulatory requirements.

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Segment Analysis

The global CMO/CDMO market has been segmented based on service, product and form.

On the basis of service, the market is segmented into Contract Development, Contract Manufacturing and Others. The contract manufacturing segment was attributed to holding the largest market share in 2023, due to their ability to offer flexible and scalable solutions to pharmaceutical and biotechnology companies, allowing them to efficiently meet fluctuating demand and reduce operational costs.

Based on product, the global CMO/CDMO market has been segmented into Hair Products, Skin products, Lip products, Eye Products, Body Hygiene and Oral Hygiene. The skincare products handling segment was expected to hold the largest market share in 2023, due to the high demand for personalized and innovative formulations catering to diverse consumer needs.

Based on form, the global CMO/CDMO market has been segmented into Solid Form & Powder, Lotions, Creams and Others. The solid and powder form segment was expected to hold the largest market share in 2023, due to their widespread applications across various pharmaceutical formulations.

Regional Analysis

The global CMO/CDMO market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe CMO/CDMO market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The CMO/CDMO market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World CMO/CDMO market comprises of Middle East, Africa, and Latin America.

The largest market share for CMO/CDMO was maintained by the North American regional sector. This increase is attributed to the growing trend of pharmaceutical and biotechnology companies outsourcing their manufacturing processes to specialized service providers. Factors such as cost-effectiveness, access to advanced technologies, and a focus on core competencies are compelling companies to partner with CMOs/CDMOs for efficient production and scale-up of their products. Additionally, stringent regulatory requirements and the need for faster time-to-market further contribute to the demand for CMO/CDMO services in North America.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for CMO/CDMO is driven by the region's robust pharmaceutical and biotechnology sectors, which increasingly rely on outsourcing to streamline production and reduce costs. Additionally, stringent regulatory standards in Europe necessitate high-quality manufacturing processes, further incentivizing companies to partner with experienced CMOs/CDMOs to ensure compliance and expedite market entry.

Additionally, region's robust pharmaceutical manufacturing capabilities, cost advantages, and growing demand for outsourced services, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Additionally, increasing investment in healthcare infrastructure, particularly in emerging economies like China and India, further fuels market growth, offering a favorable environment for CMO/CDMO expansion. Additionally, favorable regulatory policies and a skilled workforce contribute to the attractiveness of the Asia Pacific region for pharmaceutical outsourcing, attracting both domestic and international players to establish a presence and capitalize on the burgeoning market opportunities.

Furthermore, the rest of the world's CMO/CDMO market is divided into the Middle East, Africa, and Latin America. The growing pharmaceutical and biotechnology sectors, coupled with the need for cost-effective manufacturing solutions and regulatory compliance, are key drivers fueling the demand for CMO/CDMO services in the MEA (Middle East and Africa) region.

Key Findings of the Study

• The global CMO/CDMO market is expected to reach USD 38.19 billion by 2032, at a CAGR of 5.90% during the forecast period.


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  The Asia-Pacific region accounted for the fastest-growing global market due to the robust pharmaceutical manufacturing capabilities, cost advantages, and growing demand for outsourced services.
  


• Based on service, the contract manufacturing segment was attributed to holding the largest market in 2023.


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  Swiss American CDMO, Pierre Fabre Group, Zymo Cosmetics, Fareva, Biofarma Srl C.F., Chemineau, C.O.C. Farmaceutici Srl and Paragon Nordic are the key market players.