The global CMO/CDMO market is on track for significant growth, with a projected valuation of US$ 39.4 billion by 2033, according to a recent industry forecast. This represents a remarkable surge from the estimated US$ 22.5 billion market size in 2023, reflecting a compelling Compound Annual Growth Rate (CAGR) of 5.7% over the next decade. …
Tag Archives: CMO/CDMO Market
Global CMO/CDMO Market to Witness Rapid Growth is expected to reach US$ 39.4 Billion by 2033 | FMI
The global CMO/CDMO market, 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 is …
Global Market for CMO/CDMO is likely to rise at a 5.7% CAGR from 2023 to 2033, reaching US$ 39.4 Billion: FMI Report
The global CMO/CDMO Market is anticipated to expand significantly, registering a CAGR of 5.7% from 2023 to 2033. In 2023, the global CMO/CDMO market is expected to be worth US$ 22.5 billion. By 2033, the market is expected to be worth US$ 39.4 billion. As more pharmaceutical companies consider outsourcing their operations, demand for services …
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 …