(New York, USA) DelveInsight’s “CDMO Market Insight, Competitive Landscape and Market Forecast – 2028” research report provides the current and forecasted Cardiac Ablation Devices market size, share, and trends analysis for the next five years. Moreover, it highlights the ongoing innovations in the segment, major market drivers & barriers, key competitors, and emerging devices in the domain.
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Some facts of the Contract Development and Manufacturing Organization (CDMO) Market Report
- The leading CDMO companies such as Patheon (Thermo Fisher Scientific), Catalent,Inc, Laboratoire Elaiapharm, The Lubrizol Corporation, Cambrex Corporation, Recipharm (EQT), Merck & Co., Inc, AGC Biologics, Nerpharma S.r.l, Pfizer CenterOne (Pfizer Inc), EMERGENT, Onyx Scientific Limited, Lonza, Siegfried Holding AG, CordenPharma International, FUJIFILM Diosynth Biotechnologies, Samsung Biologics, Delpharm, Center for Breakthrough Medicines, and WuXi Biologics, and others are currently working in the Contract Development and Manufacturing Organization market.
- As per DelveInsight analysis, the Asia-Pacific region is anticipated to dominate the global Contract Development and Manufacturing Organization market during the forecast period.
- As per the estimates, the CDMO market size is expected to grow at a CAGR of 6.25% during the study period (2020-2028).
- In February 2022, a China-based CDMO Asymchem Inc. plans to buy Snapdragon Chemistry, a US-based company focused on continuous manufacturing and early-stage chemical process development services for a total value of USD 57.94 million. This transaction is aimed at the expansion of the business of the Chinese CDMO in the US.
- In February 2022, MilliporeSigma, the U.S. and Canada Life Science business sector of Merck KGaA closed the transaction marking the acquisition of Exelead for approximately USD 780 million in cash. This is expected to add to the capabilities of the LifeSciences business in becoming one of the prominent CDMOs in the mRNA value chain.
- In February 2021, EQT, a buyout group announced the acquisition of Recipharm through a public takeover for USD 2.8 billion.
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CDMO Market: Overview
Contract Development and Manufacturing Organization (CDMOs) are entities that are involved in the drug development process starting from initial development to product manufacturing as well as the packaging of the drugs providing end-to-end solutions to pharmaceutical as well as biopharmaceutical companies for supporting the drug development and manufacturing process.
CDMOs provide services such as pre-formulation, formulation development, stability studies, method development, pre-clinical and Phase I clinical trial materials, late-stage clinical trial materials, formal stability, scale-up, registration batches, and commercial manufacturing, among others. CDMOs are contract manufacturers, but they also offer development as a basic service.
CDMO Market Analysis
Geographically, the global Contract Development and Manufacturing Organization market is studied for North America, Europe, Asia-Pacific, and Rest of the World. In terms of the fastest-growing market, Asia-Pacific is expected to grow at a healthy CAGR in the global Contract Development and Manufacturing Organization market during the forecast period.
The significantly cheaper manufacturing costs as compared to North America and Europe and favorable laws in the region particularly China and India are also the key factors responsible for the healthy growth in the Contract Development and Manufacturing Organization market in the APAC region. Additional factors contributing to the growth of the Contract Development and Manufacturing Organization market in the APAC region are the increased affordability of drugs owing to the rise of low-priced generics.
This can be further coupled with the increase in the gross domestic product per capita of the countries in the region, supportive government programs that promote access to healthcare services leading to better access to both doctors and pharmacies for large strata of the population. However, North America would continue to be the influential market in this domain.
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Cardiac Ablation Devices Market Assessment and Forecast
As per the estimate, North America is anticipated to dominate the overall Cardiac Ablation Devices market in the coming years. Some of the key factors, such as the growing demand for advanced and minimally-invasive technologies and the increased cardiovascular disease in the region, are expected to drive the Cardiac Ablation Devices market. It is observed that heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups. As per the estimate, in the United States, about 670,000 new cases of heart failure are diagnosed each year. Moreover, in 2020, about 6.2 million adults had heart failure. In addition, about 655,000 Americans die from heart disease yearly; that’s 1 in every 4 deaths. The leading cases are stimulating the demand for better and improved devices. Similarly, the rising geriatric population, the growing awareness, and the rise in the number of research and development activities to improve current technologies are also leading to the growth of Cardiac Ablation Devices in the region.
As per the assessment, Europe and Asia-Pacific region also have high growth potential for the Global Cardiac Ablation Devices market owing to the rising burden of cardiovascular disease (CVD) and chronic diseases;
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CDMO Market Dynamics:
The rising prevalence of various diseases of different etiologies is one of the noteworthy factors of the Contract Development and Manufacturing Organization market growth. The rise in cancer incidence is expected to drive the demand for oncology drugs, of which biologics also form a significant share. Furthermore, the rising number of cases of rare diseases is further expected to contribute to the growth of the Contract Development and Manufacturing Organization market. In addition, the rise in strategic business activities such as mergers & acquisitions, collaborations, and others among regional and global players for market expansion as well as maintaining their market position is another key factor responsible for Contract Development and Manufacturing Organization market growth.
However, regulatory hurdles in gaining product approvals may be a restraining factor to the Contract Development and Manufacturing Organization market growth.
Key Companies in the Cardiac Ablation Devices Market
Globally, some of the leading CDMO Companies working in the market include Patheon (Thermo Fisher Scientific), Catalent,Inc, Laboratoire Elaiapharm, The Lubrizol Corporation, Cambrex Corporation, Recipharm (EQT), Merck & Co., Inc, AGC Biologics, Nerpharma S.r.l, Pfizer CenterOne (Pfizer Inc), EMERGENT, Onyx Scientific Limited, Lonza, Siegfried Holding AG, CordenPharma International, FUJIFILM Diosynth Biotechnologies, Samsung Biologics, Delpharm, Center for Breakthrough Medicines, and WuXi Biologics, among others. Owing to the rising demand and favorable growth opportunities for revenue generation, several new players are anticipated to enter the market, thereby leading to high competitiveness in the domain.
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Scope of the CDMO Market Report:
- Study Period – 2020-2028
- Geography Covered – North America, Europe, Asia-Pacific, and Rest of the World
- CDMOMarket Assessment –
- Market Segmentation By Drug Type - Small Molecules and Biologics
- Market Segmentation By Service Type - API and Finished Drug Product
- Market Segmentation By Form - Solids and Liquids
- Market Segmentation By Manufacturing - Clinical Manufacturing and Commercial Manufacturing
- Market Segmentation By Geography - North America, Europe, Asia-Pacific, and Rest of World
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s Views
Table of Content
1. Report Introduction
2. Executive Summary
3. Regulatory and Patent Analysis
4. CDMOMarket Key Factors Analysis
5. CDMOPorter’s Five Forces Analysis
6. COVID-19 Impact Analysis on the CDMOMarket
7. CDMOMarket Layout
8. CDMOGlobal Company Share Analysis – Key 3–5 Companies
9. CDMOProduct Profiles and Key Companies
10. Project Approach
11. CDMOKOL Views
12. DelveInsight Capabilities
13. Disclaimer
14. About DelveInsight
About DelveInsight
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance. It also offers Healthcare Consulting Services, which benefits in market analysis to accelerate business growth and overcome challenges with a practical approach.
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