CDMOs on the Rise: Powering the Future of Biopharma and Pharma with Unstoppable Growth
Recently published reports (from The Brainy Insights & InsightAce Analytic Pvt. Ltd) suggest the CDMO industry is poised for significant growth that will continue into the next decade.
Driven by increasing market demand for biologics, complex drugs, and personalized medicine, two key segments within the biopharmaceutical market - antibody and recombinant proteins, and pharmaceuticals - are expected to see significant expansion over the next decade, underscoring the strong outlook for CDMOs as the industry continues to grow.
The broader pharmaceutical CDMO market is forecast to reach a valuation of $258.2bn by 2032, with the industry continuing its trend toward outsourcing more drug development, manufacturing, and packaging, allowing pharmaceutical companies to focus on their core competencies. This trend is particularly pronounced in the production of biologics and personalized medicine, where the complexity of the products requires sophisticated manufacturing capabilities, knowledge of evolving regulatory complexities and the growing need for cost-effective supply chains.
More specifically, the market for antibody and recombinant protein outsourcing is projected to reach $36.1bn by 2031, fueled by the rising prevalence of chronic diseases and the subsequent demand for biologic-based therapeutics. The continuous advancements in biotechnology, coupled with substantial investments in research and development, are predicted to further accelerate the market.
Specialist CDMOs are more frequently viewed as indispensable partners and enablers of efficient and cost-effective production of innovative therapies. As the need for complex biological products grows, CDMOs are expected to play an even more critical role in the biopharma value chain.
The outlook for CDMOs, the reports suggests, is likely to remain exceptionally strong, both across the broader pharmaceutical market and within specialized markets such as those for antibodies and recombinant proteins.
