The latest industry analysis conducted by Future Market Insights (FMI) has unveiled remarkable insights into the burgeoning demand within the global small molecule CMO/CDMO market. According to the report, the market is estimated to be valued at approximately USD 74,998.1 Million in 2024, with a projected Compound Annual Growth Rate (CAGR) of 5.2% over the forecast period from 2024 to 2034. This trajectory is expected to culminate in a valuation of USD 124,532.4 Million by 2034.
Small-molecule Active Pharmaceutical Ingredients (APIs) serve as the backbone of the pharmaceutical landscape, constituting chemically synthesized compounds with low molecular weights that form the active therapeutic component of pharmaceutical products. These APIs play a crucial role in delivering the intended therapeutic effects by interacting with specific biological targets within the body.
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The report underscores the indispensable role of small molecule CMO/CDMO services in meeting the escalating demand for small-molecule APIs worldwide. As pharmaceutical companies increasingly prioritize outsourcing to streamline operations, enhance flexibility, and leverage specialized expertise, the small molecule CMO/CDMO market is witnessing significant traction.
Key factors driving the growth of the global small molecule CMO/CDMO market include:
- Rising Demand for Customized Drug Development: The growing need for tailored therapeutic solutions and personalized medicine is propelling the demand for small molecule CMO/CDMO services, enabling pharmaceutical companies to develop niche products with precision.
- Advancements in Pharmaceutical Technologies: Technological advancements, particularly in synthetic chemistry, process optimization, and analytical methodologies, are bolstering the efficiency and cost-effectiveness of small molecule CMO/CDMO operations, driving market expansion.
- Increasing Focus on API Manufacturing Outsourcing: Pharmaceutical companies are increasingly outsourcing API manufacturing to specialized CMOs/CDMOs to capitalize on their expertise, infrastructure, and regulatory compliance, fostering market growth.
- Expanding Biopharmaceutical Pipeline: The burgeoning pipeline of small-molecule drugs, coupled with patent expirations and generic competition, is fueling demand for CMO/CDMO services for API development, manufacturing, and formulation.
Future Market Insights’ comprehensive analysis offers valuable insights for stakeholders, including small molecule CMOs/CDMOs, pharmaceutical companies, investors, and regulatory authorities, to capitalize on emerging opportunities and navigate challenges in the evolving landscape.
Key Takeaways from the Small Molecule CMO/CDMO Market Study:
- By product, the standard API segment held a lucrative small molecule CMO/CDMO market share of 7% in 2023.
- By service, the process development segment is expected to hold over 8% market value share by the end of 2034.
- By company size, the mid-sized company segment is set to progress at a 8% CAGR, totaling a valuation of USD 55,615.8 million by 2033.
- By the scale of operation, the commercial segment is set to expand at a high CAGR of 6%, totaling USD 90,027.3 million in 2033.
- East Asia is considered the leading region, with a value share of 0% at the end of the forecast period.
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Competitive Landscape:
Acquisition and expansion among leading companies or brands is the key strategy of renowned manufacturers in the global small molecule CMO/CDMO market. Companies such as Ajinomoto Bio-Pharma Services and Asymchem are aiming to enhance their presence in the market and compete with other players during the estimated years.
Key Companies Profiled:
- Pfizer CentreOne
- Baxter BioPharma Solutions
- Catalent
- Lonza
- Syngene International
- Boehringer Ingelheim
- Piramal Pharma Solutions
- Wuxi AppTec
- Patheon (Thermo Fisher Scientific Inc.)
- Adare Pharma Solutions
- Ajinomoto Bio-Pharma Services
- Ascendia Pharma
- Asymchem
- August Bioservices
- Cambrex
- Nanoform
- PCI Pharma Services
- Quotient Sciences
- Societal™ CDMO
- Siegfried Holding AG
- Corden Pharma International
Following are a handful of examples of acquisitions made by them to be at the top position:
- In August 2020, Ajinomoto Bio-Pharma Services added a new 8,500-square-meter production facility to its Visakhapatnam, India site, increasing its capability for manufacturing small molecules.
- In November 2022, Snapdragon Chemistry, a United States-based chemical technology company that offers experience in continuous manufacturing and early-stage chemical process development services to the pharmaceutical and fine chemical industries, was acquired by Asymchem. It is a contract development and manufacturing organization (CDMO) catering to the global pharmaceutical and biotech industry.
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Key Market Segments Covered in Small Molecule CMO/CDMO Industry Research:
By Product:
- Standard API
- HPAPI
By Service:
- Process Development
- Analytical Method Development
- GMP Manufacturing Service
- Scale-Up and Tech Transfer
- Quality Control and Quality Assurance
- Regulatory Assistance
- Technology and Innovation
By Company Size:
- Large
- Mid-sized
- Small
By Scale of Operation:
- Clinical
- Phase I
- Phase II
- Phase III
- Commercial
By Region:
- North America
- East Asia
- Western Europe
- Eastern Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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