The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global small molecule innovator CDMO market is projected to increase from $47.82 billion in 2022 to $51.84 billion in 2023, with an 8.4% CAGR, and is anticipated to reach $69.95 billion in 2027 at a 7.8% CAGR.

Asia-Pacific held the largest small molecule innovator CDMO market share.

Small Molecule Innovator CDMO Market Driver
The growing incidence of chronic diseases is driving the small-molecule innovator CDMO market. Chronic diseases, lasting a year or more and requiring ongoing medical attention, impact daily life. Small molecule innovator CDMOs cater to pharmaceutical and biotech companies by manufacturing chronic disease medications. For example, the US National Library of Medicine’s National Center for Biotechnology Information (NCBI) projected a 99.5% increase in the number of individuals aged 50 and above with at least one chronic condition in the US by 2050, rising from 71.522 million in 2020 to 142.66 million, reinforcing the growth of the small-molecule innovator CDMO market.

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Prominent Small Molecule Innovator CDMO Market Trend
Innovative product developments are a prominent trend in the small molecule CDMO market, where major players aim to secure their market positions. For example, in May 2023, UK-based Oxford Biomedica introduced TetraVecta, an advanced CDMO system. This technology aids small molecule innovators in overcoming challenges related to payload size, complexity, and interference, while also expediting in vivo gene therapy development

Small Molecule Innovator CDMO Market Prominent Players
Major players in the small molecule innovator CDMO market are Thermo Fisher Scientific Inc., Boehringer Ingelheim International GmbH, Evonik Industries AG, Lonza Group Ltd., Labcorp Drug Development, Catalent Inc., Wuxi AppTec Co. Ltd., Asymchem, Siegfried holdings, Recipharm AB, Almac Sciences Ltd., Curia Global Inc., Cambrex Corporation, Piramal Pharma Ltd., Hovione, Corden Pharma GmbH, Alcami Corporation, Lifecore Biomedical Inc., NovaTech LLC, Mikart LLC, Kymanox Corporation, August Bioservices LLC, Lyophilization Technology, Inc., LGM Pharma LLC, and INCOG BioPharma Services.

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Key Small Molecule Innovator CDMO Market Segments
The global small molecule innovator CDMO market is segmented –
1) By Product: Small Molecule Active Pharmaceutical Ingredient(API), Small Molecule Drug Product
2) By Stage: Preclinical, Clinical, Commercial
3) By Therapeutic: Cardiovascular Disease, Oncology, Respiratory Disorders, Neurology, Metabolic Disorders, Infectious Disease, Other Therapeutics
4) By Customer: Pharmaceutical, Biotechnology

The Small Molecule Innovator CDMO Global Market Report 2023  provides a comprehensive overview on the small molecule innovator CDMO market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the small molecule innovator CDMO market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Small Molecule Active Pharmaceutical Ingredient Global Market Report 2023
Small Molecule API Global Market Report 2023
Small Molecule Drug Discovery Global Market Report 2023

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