CMO/CDMO Market Future Scenario, Key Insights, Top Companies 2030

As more pharmaceutical companies consider outsourcing services, the demand for contract manufacturing and contract development manufacturing organizations will increase. Future Market Insights (FMI) sees enormous potential for the CMO/CDMO market to expand in the near future. Rising demand for generic medicines and biologics will fuel market growth.

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According to the study, contract manufacturing accounts for 3/4^th of all the CMO and CDMO services. Focus towards cost management, enhanced process flow, and better scalability will drive the market over the forecast period. Besides this, the increasing demand for skin care products, which also accounts for the leading share in terms of product type, will enable the market gain impetus in the coming years.

Key Takeaways from CMO/CDMOs Market Study

CMO/ CDMO services has become highly sought-after in pharmaceutical and beauty industries. FMI has projected the market to report 6.2% CAGR between 2020 and 2030
The U.S. is expected to account for over 77% of sales in North America by 2030
The U.K. will represent impressive scope for expansion, exhibiting above 7% CAGR through the forecast period
The rising focus on healthcare and wellness spending will support growth in Germany and France
The availability of inexpensive labor and resources will continue supporting growth in China. However, Japan and South Korea markets are expected to register higher percentage of growth over the forecast period

“Manufacturers operating in the market are keen on forging strategic partnerships with leading cosmetics brands and pharmaceutical companies. Collaborations are expected to remain a primary strategy adopted by market players to gain a competitive edge,” says an FMI analyst

Who is Winning?

Collaboration is the key strategy amongst market players. The CMO/CDMO companies continue to focus on collaborations to gain sustainability in the market.

For instance, In February 2021, Lonza signed an agreement to divest its specialty ingredients business to Bain Capital and Cinven, aiming to refocus as a pure-play partner to the healthcare industry.

In 2021, Pierre Fabre Group hosted a pioneering custom online partnering forum, partnering with biopharmaceutical firms aiming to accelerate the digital transformation of Pierre Fabre Group
In 2020, In March 2020, Pierre Fabre Group, in partnership with numerous hospitals in the Occitania region of France, donated hand care creams, body cleansing gels and thermal spring water sprays and hand sanitizers necessary to combat the spread of Covid-19.

Some of the companies operating in the market are: