GITNUX MARKETDATA REPORT 2024

The Most Surprising Cdmo Industry Statistics in 2024

Statistic 1

"The global CDMO market was valued at approximately $120 billion in 2020."

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Statistic 2

"The biologics sector represents 35% of the CDMO market's total revenue."

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Statistic 3

"In 2019, 60% of all pharmaceutical manufacturing was outsourced to CDMOs."

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Statistic 4

"Over 50% of all CDMOs provide both drug substance and drug product manufacturing services."

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Statistic 5

"With a 40% market share, small molecules dominate the CDMO market."

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Statistic 6

"The CDMO industry is expected to grow at a CAGR of 10% from 2021 to 2028."

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Statistic 7

"75% of biotech companies utilize CDMO services for clinical-stage development."

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Statistic 8

"80% of new chemical entities (NCEs) approved by the FDA are produced by CDMOs."

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Statistic 9

"The CDMO market in India is expected to grow at a CAGR of 15% by 2025."

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Statistic 10

"By 2025, the CDMO market is forecasted to reach $200 billion."

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Statistic 11

"The increased demand for biologics is seen as a primary driver for CDMO growth."

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Statistic 12

"Europe and North America together accounted for over 70% of the global CDMO market share in 2020."

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Statistic 13

"Packaging and labeling represent 10-15% of CDMO service offerings."

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Statistic 14

"Digital transformation in manufacturing processes is a key trend in the CDMO industry."

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Statistic 15

"The top 10 CDMO companies account for approximately 60% of the market share."

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Statistic 16

"Central and South America CDMO market is projected to grow at a CAGR of 7% through 2027."

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Statistic 17

"In 2019, the average contract duration for CDMO services was three years."

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Statistic 18

"The majority of CDMO clients are small to mid-sized biopharma firms."

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Statistic 19

"The Asian CDMO market is projected to grow at a CAGR of 12% over the next decade."

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Statistic 20

"In 2020, mergers and acquisitions in the CDMO sector totaled over $20 billion."

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