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

North America held the largest biopharmaceutical CMO market share, and Asia-Pacific was the fastest-growing region in 2022.

The global biopharmaceutical CMO market is expected to grow from $18.74 billion in 2022 to $21.51 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The biopharmaceutical cmo market size is expected to grow to $34.55 billion in 2027 at a CAGR of 12.6%.

Major Driver In The Biopharmaceutical CMO Market ­– Increase In The Robustness Of Venture Capital Investments For The Life Science Sector
According to JLL, a US-based investment consultant, the record amount of venture capital was raised in the UK over the last three months in September 2021, with £1.9 billion raised between 1 June and 26 August 2021. This massive investment raises the UK total for 2021 to £4.25 billion ($5.787 billion), up from £2.8 billion in 2020. As a result, the biopharmaceutical CMO’s expansion is being driven by a surge in the robustness of venture capital investments for the life science sector.

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Key Biopharmaceutical CMO Market Segments
1) By Product: Biologics, Biosimilars
2) By Source: Mammalian, Non-Mammalian
3) By Service: Manufacturing, Fill And Finish Operations, Analytical And QC Studies, Packaging

Recent Biopharmaceutical CMO Market Trend – Technological Advancement
IoT is being used by major organisations in the biopharmaceutical CMO sector to advance new technologies and research and development. The Internet of Things (IoT) is the use of networked sensors and actuators to control and monitor the environment, the items that move within it, and the people who interact with it. Sensors, actuators, and other components linked into production machinery and networked computer systems can generate massive amounts of data. Data may be mined for insights and possibilities to improve production efficiency, automate monitoring and control duties, and enable flexible manufacturing systems. M2Cloud, a Korea-based bio-cold chain technology firm, and Thales, a France-based company specialising in IoT communication modules, for example, developed an IoT-based LTE monitoring system for biopharmaceutical monitoring in February 2022. It is useful for real-time monitoring of freezers, refrigerated warehouses, and so on, as well as tracking delivery boxes in real-time. By simply turning on the power, it can remotely validate temperature and position data in real time. It improves the safety of pharmaceutical products by using biopharmaceutical management technology.

Biopharmaceutical CMO Market Prominent Players
Major players in the biopharmaceutical CMO market are Lonza Group AG, Fujifilm Diosynth Biotechnologies U.S.A., Inc., Thermo Fisher Scientific, Inc., Samsung BioLogics, WuXi Biologics, Siegfried Holding AG, Catalent, Inc., Cambrex Corporation, Binex Co., Ltd., Rentschler Biotechnologies GmbH, Inno Biologics SdnBhd, Boehringer Ingelheim GmbH, JRS Pharma, AGC Biologics, ProBioGen AG, and Biomeva GmbH.

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The Biopharmaceutical CMO Global Market Report 2023  provides a comprehensive overview on the biopharmaceutical CMO market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the biopharmaceutical CMO 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.

A biopharmaceutical contract manufacturing organisation (CMO) is a company that provides manufacturing services, with the ability to create small amounts for preclinical research and development and larger quantities for clinical trials and commercialization. The biopharmaceutical CMO contributes to the reduction of overall operational risk and time to market.

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