Rise of Biopharmaceutical Outsourcing How CMOs and CROs Are Revolutionizing Drug Development

The Biopharmaceutical CMO and CRO Market Size accounted for USD 34.7 Billion in 2023 and is estimated to achieve a market size of USD 61.5 Billion by 2032 growing at a CAGR of 6.6% from 2024 to 2032.
By: Acumen Research
 
ANIAK, Alaska - May 7, 2025 - PRLog -- Introduction:
The biopharmaceutical industry is undergoing rapid transformation, driven by increasing demand for biologics, personalized medicine, and cost-efficient drug development. In this evolving landscape, Contract Manufacturing Organizations (CMOs) and Contract Research Organizations (CROs) play a pivotal role in accelerating drug discovery, clinical trials, and commercial-scale production. The global Biopharmaceutical CMO and CRO Market is experiencing robust growth, fueled by advancements in biotechnology, outsourcing trends, and the need for specialized expertise.

Key Market Drivers

1. Rising Demand for Biologics and Biosimilars


The shift from small-molecule drugs to biologics (e.g., monoclonal antibodies, recombinant proteins) has increased the need for specialized manufacturing facilities. Additionally, the biosimilars market is expanding, requiring CMOs with expertise in complex biologics production.

2. Growth in Cell & Gene Therapies

Advanced therapies like CAR-T cells, CRISPR-based treatments, and viral vector manufacturing require highly specialized facilities. Many biotech firms partner with CMOs to overcome technical and regulatory challenges.

3. Cost and Time Efficiency in Drug Development

Developing a new drug can cost $2.6 billion and take over 10 years. Outsourcing to CROs and CMOs helps reduce costs, improve efficiency, and accelerate regulatory approvals.

Click  here for more details: https://www.globenewswire.com/news-release/2019/05/20/1828814/0/en/Biopharmaceutical-CMO-CRO-Market-Worth-US-39-bn-by-2026.html

Market Challenges

Despite strong growth, the industry faces hurdles:
  • Stringent Regulatory Requirements – Compliance with FDA, EMA, and other agencies increases complexity.
  • Supply Chain Risks – Global disruptions (e.g., COVID-19) impact raw material availability.
  • Intellectual Property Concerns – Companies must ensure data security when outsourcing.
  • High Capital Investment – Building biologics manufacturing facilities requires significant funding.
Leading Companies in the Biopharmaceutical CMO and CRO Market

Top CMOs:
  • Lonza Group (Switzerland) – Leading biologics and cell & gene therapy manufacturer.
  • Catalent, Inc. (U.S.) – Specializes in fill-finish, gene therapy, and oral solid dose manufacturing.
  • Samsung Biologics (South Korea) – One of the largest biologics CMOs with massive production capacity.
  • Fujifilm Diosynth Biotechnologies (Japan/U.S.) – Focuses on mRNA and advanced therapies.
Top CROs:
  • IQVIA (U.S.) – Global leader in clinical trial management and real-world data analytics.
  • LabCorp (Covance) (U.S.) – Provides end-to-end clinical research services.
  • Syneos Health (U.S.) – Specializes in biopharma clinical development and commercialization.
  • Parexel (U.S.) – Known for regulatory consulting and decentralized clinical trials.
View source for more information: https://www.acumenresearchandconsulting.com/biopharmaceutical-cmo-and-cro-market

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