Market Procurement Intelligence Analysis Report

Category Overview   “The CDMO market is poised to grow at 7.3 % CAGR between 2020 and 2025 with the potential to reach a revenue of USD 61 billion in 2025.” The global contract development manufacturing organization market is expected to witness sustainable growth (CAGR of 7.3%) from 2020 to 2025 with innovative APIs driving market growth. The COVID pandemic has had several positive as well as negative impacts on the industry. The demand for investigational treatments and ICU medications, to aid medical centers tide over the pandemic, has substantially increased resulting in increased demand for APIs. At the same time, scarcity of APIs, especially in countries that procure them from China, has led to supply chain disruptions. Requirements for accelerated time to market, increasing operational flexibility, and GDUFA guidelines streamlining GMP of Asian countries to maintain parity with manufacturing practices of the USA is driving the need for pharmaceutical companies to out...

Category Overview   “The CDMO market is poised to grow at 7.3 % CAGR between 2020 and 2025 with the potential to reach a revenue of USD 61 billion in 2025. ” The global contract development manufacturing organization market is expected to witness sustainable growth (CAGR of 7.3%) from 2020 to 2025 with innovative APIs driving market growth. The COVID pandemic has had several positive as well as negative impacts on the industry. The demand for investigational treatments and ICU medications, to aid medical centers tide over the pandemic, has substantially increased resulting in increased demand for APIs. At the same time, scarcity of APIs, especially in countries that procure them from China, has led to supply chain disruptions. Requirements for accelerated time to market, increasing operational flexibility, and GDUFA guidelines streamlining GMP of Asian countries to maintain parity with manufacturing practices of the USA is driving the need for pharmaceutical companies to ou...