Contract Manufacturing Organization Market

in #contract • last year

The contract manufacturing organization (CMO) market involves companies that provide manufacturing services to pharmaceutical, biotechnology, and medical device companies on a contract basis. CMOs offer a range of services, including drug development, manufacturing, packaging, and labelling.
API manufacturing is the largest segment of the CMO market, accounting for the majority of the market share. The segment is expected to maintain its dominance in the market throughout the forecast period due to the increasing demand for APIs from pharmaceutical and biotechnology companies.
See the detailed report:
https://www.fortunebusinessinsights.com/contract-manufacturing-organization-cmo-market-102658
The global “Contract Manufacturing Organization Market” size is expected to reach USD 188.07 billion by 2026, exhibiting a CAGR of 9.4% during the forecast period, states Fortune Business Insights in a report titled “Contract Manufacturing Organization Market, 2023-2026.” The market size stood at USD 92.42 billion in 2018.

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