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NEW YORK, Aug. 5, 2022 /PRNewswire/ — The “Contract Development And Manufacturing Organization (CDMO) Outsourcing Market by Product (small molecules and biologics) and Geography (North America, Europe, APAC, South America, and MEA) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The contract development and manufacturing organization (CDMO) outsourcing market share are expected to increase by USD 64.44 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 11.12%. Technavio categorizes the global CDMO outsourcing market as a part of the global specialized consumer services market within the global diversified consumer services market. The parent global specialized consumer services market covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation, and interior design services, consumer auction services, wedding services, and funeral services. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the contract development and manufacturing organization outsourcing market during the forecast period.
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Contract Development And Manufacturing Organization (CDMO) Outsourcing Market – Key Market Dynamics
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Market Driver – The growing pharmaceutical industry will fuel the growth of the contract development and manufacturing organization outsourcing market. To cater to the high-volume demand for pharmaceuticals, pharma and biotech enterprises require sufficient manufacturing capabilities to produce the expected quantity and meet the quality levels at controlled costs. Some of the small pharma and biotech enterprises cannot cater to the demand growth from their existing facilities, and they do not have enough funds to invest in the expansion of their manufacturing facilities. The small enterprises outsource some of the processes to CDMOs as it will help them to cater to the growing demand in the market. Such factors will help enterprises to manufacture a large number of drugs or medicines in a short period, which, in turn, will drive the growth of the global CDMO outsourcing market during the forecast period.
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Market Challenges – The threat of infringement of intellectual property (IP) rights is one of the key challenges hindering contract development and manufacturing organization outsourcing market growth. Developing a new drug or medicine and successfully launching it on the market is a lengthy and expensive process. Hence, they strongly protect their IP such as patents of drugs or medicines across the globe until they expire. Enterprises outsource the manufacturing of patented drugs or medicines to CDMOs to speed up the production process and make the patented product available in the market quickly before the IP rights expire. This will help them to gain market share and get the maximum return on investment before patent expiry. Outsourcing can cause a threat to its IP. CDMOs might not have an appropriate strategy for preserving and protecting critical IPs, which can cause the infringement of the IP rights of the drug or medicine. The infringement of the IP rights of the drug or medicine can impact the trust of pharma and biotech enterprises over CDMOs, which, in turn, can impact the growth of the global CDMO outsourcing market during the forecast period.
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Contract Development And Manufacturing Organization (CDMO) Outsourcing Market – Segmentation Analysis
The contract development and manufacturing organization (CDMO) outsourcing market report is segmented by Product (small molecules and biologics) and Geography (North America, Europe, APAC, South America, and MEA).
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35% of the market’s growth will originate from North America during the forecast period. The US is a key market for contract development and manufacturing organization outsourcing in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.
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The contract development and manufacturing organization outsourcing market share growth by the small molecules segment will be significant for revenue generation. Small molecules are naturally occurring compounds that have been re-synthesized or isolated in laboratories.
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Contract Development And Manufacturing Organization (CDMO) Outsourcing Market – Vendor Analysis
The CDMO outsourcing market is fragmented and the vendors are expanding their customer base and increasing their investments in R&D to compete in the market.
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Contract Development And Manufacturing Organization (CDMO) Outsourcing Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.12% |
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Market growth 2021-2025 |
USD 64.44 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
9.45 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 35% |
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Key consumer countries |
US, China, UK, Japan, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Almac Group Ltd., Apollo 5 GmbH, Catalent Inc., FAMAR Health Care Services, FUJIFILM Holdings Corp., Lonza Group Ltd., Recipharm AB, Siegfried Holding AG, The Lubrizol Corp., and Thermo Fisher Scientific Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com
Website: www.technavio.com/
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