Biologics Contract Development and Manufacturing Organization (CDMO) Market to witness growth by 2028 | Drivers and Opportunities| Key player Analysis Lonza Group, Catalent Inc., Wuxi Biologics

Global Biologics Contract Development and Manufacturing Organization (CDMO) Market is accounted for $9.93 billion in 2020 and is expected to reach $25.48 billion by 2028 growing at a CAGR of 12.5% during the forecast period. Rising number of pharmaceutical and biopharmaceutical companies in the emerging economies, high demand for novel therapeutics applications, and increasing demand for small molecules and biologics are the major factors propelling the market growth.

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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growing number of pharmaceutical companies in emerging economies such as India and China. In particular, global companies are choosing India owing to the high production of biosimilars in the country. Moreover, the low cost of manufacturing activities and skilled labor are the major factors drivers of this market region.

Some of the key players profiled in the Biologics Contract Development and Manufacturing Organization (CDMO) Market include AbbVie Contract Manufacturing, AGC Biologics, Binex Co. Limited, Boehringer Ingelheim Group, Catalent Inc., Fujifilm Diosynth Biotechnologies USA Inc., JRS Pharma, Lonza Group, Parexel International Corporation, PRA Health Sciences, Rentschler Biotechnologies, Samsung Biologics, Sandoz Biopharmaceuticals (Novartis AG), Toyobo Co. Limited, and Wuxi Biologics.

Types  Covered in Biologics Contract Development and Manufacturing Organization (CDMO) Market
• Mammalian
• Non-mammalian (Microbial)

Products Covered:
• Biologics
• Biosimilars

Services Covered:
• Contract Manufacturing Organization (CMO)
• Contract Research Organization (CRO)

Applications Covered:
• Big Pharma
• Generic Pharma
• Small Pharma

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