Global Pharmaceutical Contract Development And Manufacturing Organization (CMO) Market 2022 – Market Opportunities And Strategies
The pharmaceutical CMO market report from The Business Research Company covers growth-driving insights such as pharmaceutical CMO market size, pharmaceutical CMO market trends and drivers, pharmaceutical CMO market segmentation, pharmaceutical CMO market competitive landscape and more
The pharmaceutical contract development and manufacturing organization (CMO) market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 7%, as per The Business Research Company’s market report!
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The Pharmaceutical Contract Development And Manufacturing Organization (CMO) Market Size In 2022 And Forecast
The global pharmaceutical contract development and manufacturing organization (CMO) market is expected to grow from $114.36 billion in 2021 to $122.31 billion in 2022 at a compound annual growth rate (CAGR) of 7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The pharmaceutical contract development and manufacturing market are expected to reach $159.94 billion in 2026 at a CAGR of 6.9%.
The pharmaceutical contract development and manufacturing market consist of sales of pharmaceutical contract development and manufacturing products and related services.
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Growth Of The Pharmaceutical Contract Development And Manufacturing Is Driving The Growth Of The Pharmaceutical Contract Development And Manufacturing Organization (CMO) Market
According to Alkermes plc, a biopharmaceutical company indicates that pharmaceutical contract manufacturing will emerge as a strategic option for many companies ranging from very large to smaller specialty pharma entities and this mostly will happen because the pharmaceutical companies are looking for cost-cutting.
Competitive Landscape And The Regional Analysis Of The Pharmaceutical Contract Development And Manufacturing Organization (CMO) Market
Major players in the pharmaceutical contract development and manufacturing organization (CMO) market are Recipharm AB, Pfizer Inc., Boehringer Ingelheim International GmbH., Aenova Group, Famar, Jubilant Life Sciences Limited, Catalent Pharma Solutions, Chemicals Limited, Dishman Pharmaceuticals, HAUPT Pharma AG, Kemwell Pvt. Ltd., Nipro Corp., NextPharma, Royal DSM N.V, Althea Technologies, Thermo Fisher Scientific Inc., Lonza Group Ltd, AbbVie Inc., Consort Medical plc, Almac Group, Siegfried Holding AG, Evonik Industries AG and Vetter Pharma International GMBH.
Additionally, as per TBRC’s research – North America was the largest region in the pharmaceutical contract development and manufacturing organization (CMO) market in 2021 holding the largest market share and The Middle East is expected to be the fastest-growing region in the forecast period.
The Pharmaceutical Contract Development And Manufacturing Organization (CMO) Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pharmaceutical contract development and manufacturing organization (CMO) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the pharmaceutical contract development and manufacturing organization (CMO) market.
Investing In Acquiring And Forming Alliances With Other Companies – A Key Trend In The Pharmaceutical Contract Development And Manufacturing Organization (CMO) Market
The companies in the pharmaceutical contract development and manufacturing market are investing towards acquiring and forming alliances with other companies in the market. The pharmaceutical contract development and manufacturing companies are following the trend of merger and acquisition in order to expand their global market reach to meet the client needs, to increase their production capabilities while maintaining cost efficiencies and to get access to latest technology and new services. The high levels of merger and acquisition activities are resulting in consolidation of the contract service providers.
Pharmaceutical Contract Development And Manufacturing Organization (CMO) Market Segmentation By The Business Research Company
1) By Type: Active Pharmaceutical Ingredient (API) Manufacturing, Finished Dosage Formulation (FDF) Development and Manufacturing, Secondary Packaging
2) By Research Phase: Preclinical, Phase I, Phase II, Phase III, Phase IV
3) By End-User: Big Pharmaceutical Companies, Generic Pharmaceutical Companies, Small and Medium-Sized Pharmaceutical Companies
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