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How has the biopharmaceutical cmo and cro market size evolved in recent years?

The biopharmaceutical CMO and CRO market has shown strong growth, projected to expand from $33.33 billion in 2024 to $35.6 billion in 2025, with a CAGR of 6.8%. The historical expansion was driven by higher investment in biopharmaceutical R&D, increasing demand for novel therapies, a growing biologics pipeline, strong biopharmaceutical sector growth, and the adoption of outsourcing strategies by pharmaceutical firms.

What are the predictions for the biopharmaceutical cmo and cro market size in the coming years?

The biopharmaceutical CMO and CRO market is set to grow steadily, reaching $45.89 billion by 2029 at a CAGR of 6.6%. Growth factors include increasing outsourcing of drug development and manufacturing, focus on cost-effective production, expanding drug pipelines, growing demand for personalized medicine, and higher investments in biotech startups. Key trends include the adoption of automation and high-throughput technologies, increased use of AI in drug development, rising demand for cell and gene therapies, digital integration in clinical trials, and outsourcing of complex biopharmaceutical processes.

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What key factors are fueling the growth of the biopharmaceutical cmo and cro market?

Increased investment in research and development is fueling the biopharmaceutical CMO and CRO market. R&D investments are driven by innovation, competition, market demands, and government incentives, enhancing the capabilities of CMOs and CROs in drug manufacturing and clinical research. According to Eurostat, the EU’s R&D expenditure reached €352 billion ($384.42 billion) in 2022, marking a 6.34% increase from the previous year. This rise in R&D investment is strengthening the biopharmaceutical CMO and CRO market.

How is the global biopharmaceutical cmo and cro market divided into key segments?

The biopharmaceutical cmo and cromarket covered in this report is segmented –

1) By Product: Biologics, Biosimilars

2) By Service Type: Contract Manufacturing, Contract Research

3) By Source: Mammalian, Non-Mammalian

Subsegments:

1) By Biologics: Monoclonal Antibodies (mAbs), Vaccines, Recombinant Proteins, Cell and Gene Therapies, Antibody-Drug Conjugates (ADCs), Therapeutic Enzymes

2) By Biosimilars: Biosimilar Monoclonal Antibodies, Biosimilar Insulins, Biosimilar Growth Hormones, Biosimilar Erythropoietins, Biosimilar Granulocyte Colony-Stimulating Factors (G-CSFs)

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Who are the key firms paving the way for growth in the biopharmaceutical cmo and cro market?

Major companies operating in the biopharmaceutical CMO and CRO market are Thermo Fisher Scientific Inc., Boehringer Ingelheim International GmbH, Eurofins Scientific SE, Lonza Group AG, Syneos Health Inc., Catalent Inc., Charles River Laboratories International Inc., Parexel International (MA) Corporation, Samsung Biologics Co. Ltd., CELLTRION INC., Medpace Holdings Inc., Fujifilm Diosynth Biotechnologies UK Limited, Almac Group, Pharmaron Beijing Co. Ltd., Worldwide Clinical Trials, KBI Biopharma, Inotiv Inc., Caidya, Rentschler Biopharma SE, Celerion Inc., TFS HEALTHCARE LIMITED

Which trends are expected to transform the biopharmaceutical cmo and cro market?

Key players in the biopharmaceutical CMO and CRO market are developing strategic alliances to augment their services, increase efficiency, and hasten drug creation for biopharmaceutical companies. Strategic alliances are the procedures where companies use each other’s strengths and resources for mutual growth and success. Take for example, Abzena plc., a biopharmaceutical company from the UK, collaborated with Argonaut Manufacturing Services Inc., a CMO based in the US, in June 2024. This move was to consolidate drug creation and manufacturing solutions for their customers. The objective of this alliance is to expedite the entire drug creation and production process, enhancing efficiency, diminishing expenses, and simplifying the biopharmaceutical production for clients.

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What regions are contributing significantly to the growth of the biopharmaceutical cmo and cro market?

North America was the largest region in the biopharmaceutical CMO and CRO market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biopharmaceutical CMO and CRO market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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