Pharmaceutical CDMO Market is anticipated to grow at a CAGR of 7.50% from 2022 to 2028 globally – Axiom MRC

The factors such as providing entire services to the pharmaceutical sector, starting from the medication discovery to manufacturers, the client also extend their technical resources by the process of outsourcing to a CMO with incurring any additional costs, the help provided by the pharmaceutical CDMO market for focusing on the core competencies and high vale projects for the purpose of manufacturing along with decreasing the infrastructure and technical staff, which may help the customers for managing the expenditure and internal sources have been driving the growth of the pharmaceutical CDMO market during the forecast period.

New York, January 2022: Axiom Market Research & Consulting added a report on Pharmaceutical CDMO Market which includes study on service, research phase, and geography. The pharmaceutical CDMO Market was projected to grow at a CAGR of 7.50% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Pharmaceutical CDMO Market.

The report analyses the pharmaceutical CDMO market based on the service, research phase and geography. By service, the pharmaceutical CDMO market is segmented into active pharmaceutical ingredient (api) manufacturing, finished dosage formulation (FDF) development & manufacturing, and secondary packaging. By research phase, the pharmaceutical CDMO market is segmented into Pre-clinical, Phase I, Phase II, Phase III and Phase IV. Geographically, the pharmaceutical CDMO market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World.

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The key players in the pharmaceutical CDMO market are Catalent Inc., Recipharm AB, Jubilant Life Sciences Ltd, Patheon Inc., Boehringer Ingelheim Group, Pfizer CentreSource, Aenova Holding GmbH, Famar SA, Baxter Biopharma Solutions, Lonza Group, CMIC Holdings Co. Ltd, Covance Inc., Syneos Health Inc., LSK Global Pharma Service Co. Ltd, Novotech Pty Ltd, PAREXEL International Corporation, Pharmaceutical Product Development LLC, PRA Health Sciences Inc., Quanticate Ltd.

Regional Trends of Pharmaceutical CDMO Market

Based on the geography, the pharmaceutical CDMO market is studied for the regions including North America, Europe, Asia Pacific and Rest of the World. North America is expected to gain major share in the pharmaceutical CDMO market during the forecast period. The presence of the countries like Canada, the United States and Mexico has been the biggest contributors to the growth of the market in the region of North America in the terms of the geographical areas along with the increasing partnerships and wide range of the services supplied by the CDMOs in the region. Asia Pacific has been the fastest growing region for the pharmaceutical CDMO market at a specific growth gate rate during the forecast period due to the highly skilled workforce and low manufacturing and research and development costs.

Pharmaceutical CDMO Market Segmentation Highlights

• Active pharmaceutical ingredient (API) service segment is dominating the pharmaceutical CDMO market during the forecast period. The increasing number of the API biologics in the pipeline stage has been contributing to the growth of the segment in the market.
• The Pre-clinical research phase segment is expected to witness increasing demand in the pharmaceutical CDMO market during the forecast period. The increasing collaboration of among the pharmaceutical companies has been driving the growth of the segment in the market.
• North America is expected to gain major market share in the pharmaceutical CDMO market during the forecast period. The highly qualified workforce and low costs for research and development has been driving the growth of the market in the region.

Research Objectives of Pharmaceutical CDMO Market Report:

• Analysing the outlook of the pharmaceutical CDMO market with the recent trends and Porter’s five forces analysis
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the pharmaceutical CDMO market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players.

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