Harrisburg, NC -- (SBWIRE) -- 10/14/2020 -- Pharmaceutical Contract Development And Manufacturing Organization (CMO) Global Market Report 2020-30
The Pharmaceutical Contract Development And Manufacturing Organization (CMO) Market Research Report begins with an overview of the Market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that give closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behavior, pricing factors, and market performance and estimation. The forecast market information, SWOT analysis, Pharmaceutical Contract Development And Manufacturing Organization (CMO) market scenario, and feasibility study are the vital aspects analyzed in this report.
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The global pharmaceutical contract development and manufacturing market is expected to decline from $99.8 billion in 2019 to $93 billion in 2020 at a compound annual growth rate (CAGR) of -7%. The decline is mainly due to the focus on Covid-19 outbreak and its treatment across the globe, and disruption in the supply chain owing to geographical trade barriers affecting the supply of APIs and raw materials for drug manufacturing. Sponsors contracting CMOs are pausing the drug development activities due to Covid19 or restructuring the current drug development plans. The market is then expected to recover and reach $128.4 billion in 2023 at a CAGR of 6.5%.
Top Key Players in the Global Pharmaceutical Contract Development And Manufacturing Organization (CMO) Market: are Recipharm AB, Pfizer Inc., Boehringer Ingelheim International GmbH., Aenova Group, Famar, Jubilant Life Sciences Limited, Catalent Pharma Solutions, Chemicals Limited, Dishman Pharmaceuticals and HAUPT Pharma AG.
The growth of the pharmaceutical contract development and manufacturing market is driven by the increase in the demand for medicines across the globe. The high prevalence of diseases and the need for a longer lifespan increased the demand for medicines pushing the pharmaceutical companies to increase the production of existing drugs and rise the investment in their R&D to promote the development of new drugs. This impels the pharmaceutical companies to collaborate with contract manufacturing organizations (CMOs) as a way to lower operational costs, thus, increasing the demand in pharmaceutical contract development and manufacturing market. For instance, as reported by PutmanMedia, a USA based online media firm, in 2018, 51% of the total New Molecular Entities (NMEs) approved by the US Food and Drug Administration were outsourced to contract manufacturers whereas a total amount of $86 billion was given to the contracted services for R&D. The rising need for medicines is thereby boosting the growth of the pharmaceutical contract development and manufacturing market.
Industry News:
In 2019, Permira Funds, a European equity firm acquired Cambrex Corporation for $2.4 billion. The acquisition is aimed to strengthen and expand the products and services offered by Cambrex Corporation towards the manufacturing of drugs. The Cambrex Corporation is a USA based contract development and manufacturing (CDMO) firm involved with the products and services related to small molecule active pharmaceutical ingredients.
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Regions are covered By Pharmaceutical Contract Development And Manufacturing Organization (CMO) Market Report 2020
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Influence of the Pharmaceutical Contract Development And Manufacturing Organization (CMO) Market Report:
-Comprehensive assessment of all opportunities and risks in the Pharmaceutical Contract Development And Manufacturing Organization (CMO) market.
-Pharmaceutical Contract Development And Manufacturing Organization (CMO) market recent innovations and major events.
-Detailed study of business strategies for the growth of the Pharmaceutical Contract Development And Manufacturing Organization (CMO) market-leading players.
-Conclusive study about the growth plot of the Pharmaceutical Contract Development And Manufacturing Organization (CMO) market for forthcoming years.
-In-depth understanding of Pharmaceutical Contract Development And Manufacturing Organization (CMO) market-particular drivers, constraints, and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Pharmaceutical Contract Development And Manufacturing Organization (CMO) market.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Pharmaceutical Contract Development And Manufacturing Organization (CMO) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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