PUBLISHER: Grand View Research | PRODUCT CODE: 1869626
PUBLISHER: Grand View Research | PRODUCT CODE: 1869626
The global biopharmaceutical contract development and manufacturing organization market size was estimated at USD 25.1 billion in 2024 and is projected to reach USD 56.6 billion by 2033, growing at a CAGR of 9.55% from 2025 to 2033. The industry is driven by increasing demand for biologics, biosimilars, and advanced therapies.
Besides, rising demand for outsourcing services, growing expansion of large product pipeline, and increasing cost effectiveness within CDMO services have led most biopharmaceutical manufacturers to outsource their production capabilities. Most biopharmaceutical companies are developing biologics & biosimilars due to continuous demand for targeted, effective, and personalized therapies, as these offer higher efficacy, reduced side effects, and the ability to address complex & chronic diseases such as cancer, autoimmune disorders, and rare genetic conditions. Besides, the industry has witnessed new growth opportunities due to specialized CDMOs offering greater speed-to-market, expanding patent expiration, and rising need for blockbuster drugs, creating a strong pipeline for biologics and biosimilars, further contributing to market growth. In addition, growing advancements in biotechnology have further lowered production costs and risks. Thus, biologics are currently prioritized for clinical value, commercial potential, and long-term growth prospects.
Biopharmaceuticals manufacturing will be recognized as one of the leading 10 revenue generators in the coming years. Currently, most of the small molecule makes up to 90% of drugs on the market and continue to be the primary active substance in the pharmaceutical industry; however, companies are increasingly shifting their focus to manufacturing and developing highly profitable, highly complex large molecules known as biologics. This has led biopharmaceutical companies to necessitate collaboration with external partners capable of managing advanced manufacturing processes to continuously develop new products to meet the increasing consumer demand, which in turn is anticipated to surge CDMO services. For instance, the International Federation of Pharmaceutical Manufacturers & Associations mentioned that the biopharmaceutical R&D spending is expected to grow to USD 213 million by 2025, owing to the growing demand for biopharmaceutical products. In addition, an expanding number of drug pipelines has significantly contributed to market growth.
Global Biopharmaceutical CDMO Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global biopharmaceutical contract development and manufacturing organization (CDMO) market report based on type, product, service, source, workflow, therapeutic area, end use, and region: