Topical Drugs Contract Development And Manufacturing Organization (CDMO) Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Topical Drugs Contract Development And Manufacturing Organization (CDMO) Market?
The increasing prevalence of skin diseases is expected to propel the growth of the topical drugs contract development and manufacturing organization (CDMO) market. Skin diseases are medical conditions that affect the skin, causing symptoms such as inflammation, itching, and lesions. The rising prevalence of skin diseases is due to factors like environmental pollution, UV radiation exposure, genetic predisposition, and lifestyle changes. CDMOs play a significant role in developing and manufacturing therapies that help treat dermatological conditions. For instance, in January 2024, Cancer Australia reported an increase in skin melanoma cases from 15,628 in 2019 to 18,257 in 2023. Therefore, the increasing prevalence of skin diseases is driving the growth of the topical drugs CDMO market.
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What is the Predicted Annual Growth Rate of theTopical Drugs Contract Development And Manufacturing Organization (CDMO) Market Impact Industry Trends by 2034?
The topical drugs contract development and manufacturing organization (CDMO) market has expanded rapidly in recent years, increasing from $52.9 billion in 2024 to $61.69 billion in 2025 at a compound annual growth rate (CAGR) of 16.6%. This growth is driven by chronic disease prevalence, advanced drug delivery technologies, and the rising demand for dermatology and cosmetics.
The topical drugs contract development and manufacturing organization (CDMO) market size is anticipated to reach $113.06 billion by 2029, growing at a CAGR of 16.4%. Growth is due to personalized medicine, biologics expansion, increased R&D investments, rising skin disorder prevalence, and advanced manufacturing technologies. Trends include demand for innovative formulations, advancements in drug delivery, dermatological research investments, outsourcing by pharmaceutical companies, personalized medicine focus, stringent regulatory requirements, and OTC skincare preference.
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What Are the Key Market Innovations in theTopical Drugs Contract Development And Manufacturing Organization (CDMO) Market Over the Coming Years?
Companies in the topical drugs contract development and manufacturing organization (CDMO) market are investing in state-of-the-art manufacturing facilities to maintain market position. SOHM Inc. opened a new GMP manufacturing facility in Carlsbad in November 2023, designed to produce topical products and expand its capacity for soft-gel suppositories by mid-2024.
Who Are the Top Companies Driving Innovation and Growth in theTopical Drugs Contract Development And Manufacturing Organization (CDMO) Market?
Major companies operating in the topical drugs contract development and manufacturing organization (CDMO) market are Evonik Industries AG, Eurofins Scientific SE, SGS SA, The Lubrizol Corporation, Lonza Group AG, Catalent Inc., Bora Pharmaceuticals Co. Ltd., Recipharm AB, Pierre Fabre S.A., Piramal Pharma Solutions, Cambrex Corporation, LTS Lohmann Therapie-Systeme AG, PCI Pharma Services, Famar S.A., Contract Pharmaceuticals Limited, UPM Pharmaceuticals Inc., CoreRx Inc., Halo Pharmaceutical Inc., Tapemark Company, Groupe PARIMA Inc., MedPharm Ltd., Tergus Pharma LLC, Dow Development Laboratories LLC, NextPharma Technologies Holding Limited, Tedor Pharma Inc.
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Which Key Market Segments Comprise the Topical Drugs Contract Development And Manufacturing Organization (CDMO) Market and Drive Its Revenue Growth?
The topical drugs contract development and manufacturing organization (CDMO) market covered in this report is segmented –
1) By Product Type: Semi-Solid Formulations, Liquid Formulations Drugs, Solid Formulations, Transdermal Products
2) By Service Type: Contract Development, Contract Manufacturing
3) By Therapeutic Area: Dermatology, Pain Management, Wound Care, Ophthalmology, Other Therapeutic Areas
4) By End-Use: Pharmaceutical Companies, Biopharmaceutical Companies, Other End-Uses
Subsegments:
1) By Semi-Solid Formulations: Creams, Ointments, Gels, Pastes
2) By Liquid Formulations Drugs: Solutions, Suspensions, Emulsions, Lotions
3) By Solid Formulations: Powders, Tablets
4) By Transdermal Products: Patches
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Which Regions Are Emerging as Leaders in the Topical Drugs Contract Development And Manufacturing Organization (CDMO) Market?
Asia-Pacific was the largest region in the topical drugs contract development and manufacturing organization (CDMO) market in 2023. The regions covered in the topical drugs contract development and manufacturing organization (CDMO) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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