Active Pharmaceutical Ingredients CDMO Industry Overview
The global active pharmaceutical ingredients CDMO market size was estimated at USD 81.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2028. The growth can be attributed to factors such as increased drug RD, the rising incidence of chronic diseases, the expanding importance of generics, and the increasing consumption of biopharmaceuticals.
Pharma companies have been increasing the amount of discovery, development, and manufacturing work they outsource over the last couple of decades. However, the urge to outsource is not uniform in the biopharma industry. Small biotechnology companies frequently rely on a Contract Development and Manufacturing Organization (CDMO) to produce their development products as they go through the pipeline.
Gather more insights about the market drivers, restrains and growth of the Global Active Pharmaceutical Ingredients CDMO Market
COVID-19 has had a significant impact on the supply chain of the Active Pharmaceutical Ingredient (API), causing some level of disruption in terms of raw material supply and availability, shipping delays, and costs. As per the survey conducted by the Institute for Supply Management in February 2020, about 75.0% of responding companies experienced supply chain disruption as a result of COVID-19, and more than 44.0% did not have a plan to handle supply chain disturbance from China.
CDMOs are proving to be extremely beneficial to the pharmaceutical and biotech industries since they provide prospective capabilities and cost savings over in-house manufacturing. There is a substantial link between corporate size and outsourcing in general. Small and medium-sized businesses (SMEs) have fewer stakeholders and organizational hurdles in the decision-making process, allowing for a more fluid decision-making process.
Besides, more than 3,200 companies are currently engaged in active pharmaceutical ingredient manufacturing activities. As only one-third of these companies are linked with a corporate group that also has finished dose production capabilities, there is a lack of integration even though these are complementary businesses.
Browse through Grand View Research's Medical Devices Industry Research Reports
- Healthcare Testing, Inspection, And Certification Outsourcing Market: The global healthcare testing, inspection, and certification outsourcing market size was valued at USD 3.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.8% during the forecast period.
- Healthcare Analytical Testing Services Market: The global healthcare analytical testing services market size was valued at USD 12.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% during the forecast period.
Active Pharmaceutical Ingredients CDMO Market Segmentation
Grand View Research has segmented the global active pharmaceutical ingredients CDMO market based on product, synthesis, drugs, application, workflow, and region:
API CDMO Product Outlook (Revenue, USD Million, 2016 - 2028)
- Traditional Active Pharmaceutical Ingredient
- Highly Potent Active Pharmaceutical Ingredient
- Antibody Drug Conjugate (ADC)
- Others
API CDMO Synthesis Outlook (Revenue, USD Million, 2016 - 2028)
- Synthetic
- Biotech
API CDMO Drugs Outlook (Revenue, USD Million, 2016 - 2028)
- Innovative
- Generics
API CDMO Application Outlook (Revenue, USD Million, 2016 - 2028)
- Oncology
- Hormonal
- Glaucoma
- Cardiovascular
- Diabetes
- Others
API CDMO Workflow Outlook (Revenue, USD Million, 2016 - 2028)
- Clinical
- Commercial
API CDMO Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Market Share Insights
- October 2020: Corden Pharma announced that its Boulder, Colorado location has accomplished the development of a new highly powerful API laboratory.
Key Companies profiled:
Some of the prominent players in the active pharmaceutical ingredients CDMO market include:
- Cambrex
- Recipharm
- Thermo Fisher Pantheon
- Corden Pharma
- Samsung Biologics
- Lonza
- Catalent
- Siegfried
- Piramal Pharma Solutions
- Boehringer Ingelheim
Order a free sample PDF of the Active Pharmaceutical Ingredients CDMO Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
