Back To: Home

CLICK HERE FOR WHAT'S NEW IN:
 




 

CMO market on the rise
July/August 2020
SHARING OPTIONS:

In a recent report—“Growth Opportunities in the Global Pharmaceutical Contract Manufacturing Organization Market (CMO), Forecast to 2024”—Frost & Sullivan predicted that the global pharmaceutical CMO market will grow from $66.23 billion in 2018 to $102.14 billion in 2024, at a compound annual growth rate of 7.5 percent. The report notes that CMOs are expanding their repertoires with technologies such as green chemistry, Big Data analytics, smart manufacturing and 3D printing. To ensure the forecasted growth, Frost & Sullivan cites that CMOs will need to stay on top of emerging technologies; diversify into the biologics field and expand their capabilities in fields such as controlled substances and highly potent active pharmaceutical ingredients; and find ways to make smart packaging affordable at scale, among others.

Back



PAGE UTILITIES


CONTACT US
DDNEWS
1000 N West Street, Suite 1200,
Wilmington, Delaware, 19801
Ph: 888-781-0328 |  Fax: 705-528-0270
 
© Copyright 2020 Old River Publications LLC. All righs reserved.  |  Web site managed and designed by OffWhite.