The global sterile injectable CDMO market size is calculated at USD 11,200 million in 2024 and is predicted to reach around USD 34,170 million by 2034, expanding at a CAGR of 11.8% from 2024 to 2034.
The market is experiencing significant growth due to the rising production of sterile injectable products. The manufacturing process of sterile injectables is time-consuming and requires substantial investments, which is a key factor encouraging pharmaceutical and biotechnology companies to outsource the production process to CDMOs. This further allows pharmaceutical companies to focus on core competencies and expedite time to market.
With the growing prevalence of cancer and other chronic diseases worldwide, the demand for biologics and biosimilars is increasing. In addition, the demand for sterile injectable products is rising due to their quicker onset of action and precise dosing, which significantly boosts the market. However, injectable delivery of therapeutic is effective, making it ideal for treating various chronic diseases that require a targeted approach, especially oncology.
The rising technological advancements in drug delivery systems and the growing demand for personalized therapeutic approaches, such as cell and gene therapies, are expected to create immense opportunities in the sterile injectable CDMO market. The rising partnerships between pharmaceutical companies and CDMOs to outsource manufacturing services further contribute to market growth.
Published by Laxmi Narayan
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| Stats ID: | 7436 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7436 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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