CMO/CDMO Market Is Projected to Grow at A CAGR Of 6% During the Forecast Period 2020-2030

An increasing number of companies within the pharmaceutical sector have been considering contract manufacturing in response to the increasing demand for generic drugs and biologics. In a new study, Future Market Insights (FMI) has forecast the global contract manufacturing/ contract development and manufacturing organization (CMO/ CDMO) market to surpass US$ 18 Bn by 2020. According to the …

CMO/CDMO Market Exhibiting Above 6% CAGR, Driven by Expansion of Personal Care Industry

The global CMO/CDMO market is expected to post higher gains for 2020-2030. Increasing number of companies engaged in outsourcing services from contract manufacturing & contract development manufacturing organizations within pharmaceutical sector will boost the. As per FMI’s analysis, the rising demand for generic medicines and biologics & rising preference for local and natural products over big brands …