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Future Market Insights: CMO/CDMO Market Exhibiting Above 6% CAGR, Driven by Expansion of Personal Care Industry: Future market Insights


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Increasing demand from the pharmaceutical industry and opportunities for new entrants are creating growth opportunities
DUBAI, UAE / ACCESSWIRE / April 6, 2021 / The global CMO/CDMO market is expected to post higher gains for 2020-2030. Increasing number of companies engaged in outsourcing services from contract manufacturing & contract development manufacturing organizations within pharmaceutical sector will boost the.
As per FMI s analysis, the rising demand for generic medicines and biologics & rising preference for local and natural products over big brands among consumers is paving the way for growth of the market. The soaring demand from personal care & cosmetic manufacturers and growing inclination towards herbal cosmetics is creating new growth opportunities for the contract manufacturing organizations and contract development and manufacturing organizations (CMO/CDMOs). ....

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