Global CMO/CDMO Industry is poised for notable expansion, with expectations of reaching US$ 39.4 Billion by 2033, according to FMI’s forecast

The global CMO/CDMO Industry is set to undergo a remarkable expansion, with a projected valuation of US$ 39.4 billion by 2033, up from an estimated US$ 22.5 billion in 2023. This anticipated surge reflects a compelling Compound Annual Growth Rate (CAGR) of 5.7% from 2023 to 2033, as forecasted by industry analysts. The pharmaceutical sector …

Global CMO/CDMO Industry is expected to experience notable growth, potentially reaching US$ 39.4 Billion by 2033, according to FMI’s forecast

The global CMO/CDMO industry size, estimated at a valuation of US$ 22.5 billion in 2023, is anticipated to experience a significant surge, reaching an impressive US$ 39.4 billion by 2033. This growth trajectory signifies a compelling Compound Annual Growth Rate (CAGR) of 5.7% from 2023 to 2033, as projected by industry analysts. The pharmaceutical sector …