(MENAFN- Ameliorate Digital Consultancy) The Contract Manufacturing Organization (CMO) and Contract Development and Manufacturing Organization (CDMO) market in biotechnology refers to the outsourcing of manufacturing and development activities for biotech products to third-party companies. This market is growing due to the increasing demand for biopharmaceuticals and the need for specialized expertise and facilities for their production. The CMO/CDMO market includes a range of services such as process development, clinical and commercial manufacturing, filling and finishing, and packaging.
Global revenue from the cmo/cdmo biotechnology market stands at US$ 10.2 Bn in 2022, with the worldwide market estimated to surge ahead at a CAGR growth value of 11.6% to reach a valuation of around US$ 34.1 Bn by the end of 2033.
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CMOs and CDMOs are companies that provide manufacturing and development services for other biotech companies. These services can include everything from research and development to full-scale commercial production. CMOs and CDMOs allow biotech companies to outsource certain aspects of their operations, freeing up resources and allowing them to focus on their core competencies.
The demand for CMO/CDMO services has grown in recent years due to a number of factors. One major driver is the increasing complexity and cost of biotech manufacturing. As biotech products become more advanced and specialized, the cost of developing and producing them has risen. CMOs and CDMOs can provide the expertise and resources needed to manufacture these products at a lower cost than many biotech companies could on their own.
Companies
Patheon N.V. Catalent Samsung Biologics Co., Ltd Boehringer Ingelheim Samsung BioLogics AGC Biologics, Inc. WuXi Biologics AbbVie Inc Avid Bioservices, Inc. Fujifilm Diosynth Biotechnologies Xpress Biologic Rentschler Biopharma SE KBI Biopharma (JSR Corporation) Cytovance Biologics
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Another factor driving demand for CMO/CDMO services is the increasing regulatory burden faced by biotech companies. Regulations governing the development and production of biotech products are becoming more stringent, and compliance can be costly. CMOs and CDMOs can provide assistance in navigating these regulations and ensuring that products are developed and produced in compliance with them.
In addition, CMO/CDMO biotechnology market has many benefits for Small Biotech companies by giving them access to state-of-the-art manufacturing facilities, experienced personnel, and established processes. They also provide a valuable safety net for these companies, allowing them to continue operations even in the event of unexpected disruptions.
Competitive Landscape
Key players are concentrating on expansion in emerging regions and new revised product manufacturing. Market participants are also working to strengthen their expansion, new product launches, and improved distribution channels such as online sources of advertisement.
For instance:
For instance, Iovance Biotherapeutics chose Avid Bioservices in August 2020 to spearhead process development through cGMP manufacture of IOV-3001, an innovative anti-cancer medication candidate and new IL-2 analogue. Fujifilm Diosynth Biotechnologies in April 2021, announced the establishment of its new Microbial production facility in the U.K. The aim of this expansion was to triple the existing microbial production. This new production facility was equipped with 2*2000L of fermenters and modular purification suits.
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Key Segments Covered in CMO/CDMO Biotechnology Industry Research
By Service:
Stand-Alone Services Cell-line development Development and Bio manufacturing Analytical Services Fill Finish Packaging Clinical Supply Services
Integrated
By Product:
Monoclonal Antibodies Antibody Fragments Recombinant Therapeutic Proteins Viral Vector Cell and Gene Therapy Vaccine
By Expression System:
By Company Size:
Small Mid-Sized Large Very Large
By Scale of Operations:
Pre-clinical Clinical Commercial
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