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Global Contract Development and Manufacturing Organization Outsourcing Market 2018-2022| Increasing Need for Cost-effective Solutions to Boost Growth| Technavio

Technavio
analysts forecast the global contract development and manufacturing
organization outsourcing (CDMO) market to grow at a CAGR of more than 7%
during the period 2018-2022, according to their latest market research
report.

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Technavio has published a new market research report on the global contract development and manufacturing organization outsourcing market from 2018-2022. (Graphic: Business Wire)

The advent of robotic process automation is one of the major trends
being witnessed in the global
contract development and manufacturing organization outsourcing market.
The increasing cost of manufacturing drugs affects the revenues of
pharmaceutical companies. Leading pharmaceutical companies are
re-evaluating their business operations and partnering with CDMOs to
develop and manufacture drugs.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

In this report, Technavio analysts highlight the increasing need for
cost-effective solutions as a key factor contributing to the growth of
the global contract development and manufacturing organization
outsourcing market:

Global contract development and manufacturing
organization outsourcing market: Increasing need for cost-effective
solutions

The discovery, development, and manufacturing of drugs are expensive as
the pharmaceutical companies must make significant investments to set up
manufacturing facilities. Several drugs fail at an early stage of drug
discovery, which increases the cost. Thus, several pharmaceutical
companies outsource processes such as drug development, clinical trials,
and commercial production to CDMOs.

According to a senior analyst at Technavio, “Previously, CDMOs
focused on their core competencies such as drug manufacturing and
formulation. However, CDMOs are now involved in the discovery,
development, and manufacturing of drugs. In most cases, outsourcing the
development and manufacturing of drugs to CDMOs is less expensive than
setting up in-house infrastructure and hiring the necessary staff.”

Global contract development and manufacturing
organization outsourcing market – Small molecules segment leads the
market

This market research report segments the global contract development and
manufacturing organization outsourcing market into the following
products (small molecules and biologics) and key regions (the Americas,
APAC, and EMEA). It provides an in-depth analysis of the prominent
factors influencing the market, including drivers, opportunities,
trends, and industry-specific challenges.

Of the two major products, the small molecules segment held the largest
market share in 2017, contributing to over 82% of the market. The market
share occupied by this segment is expected to decrease by over 2% by
2022. However, this product segment will dominate the global market
throughout the forecast period.

The Americas was the leading region for the global contract development
and manufacturing organization outsourcing market in 2017. It accounted
for a market share of approximately 42%. It was followed by EMEA and
APAC. APAC is expected to project the fastest growth during the period
2018-2022.

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a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

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View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005439/en/