Active Pharmaceutical Ingredient CDMO Market Size

Active Pharmaceutical Ingredient CDMO Market Size

Active Pharmaceutical Ingredient CDMO Market size was valued at USD 101.4 billion in 2023 and is growing at a CAGR of 6.6% between 2024 and 2032, driven by factors such as the rising prevalence of chronic disease such as cancer, cardiovascular disease diabetes and various other related disease that fuels the demand for novel drug therapies.

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For instance, as per the report published by International Diabetes Federation in 2021, it has been reported that, 537 million adults (20-79 years) are living with diabetes. This number is predicted to rise to 643 million by 2030 and 783 million by 2045. In addition, 541 million adults have Impaired Glucose Tolerance (IGT), which places them at high risk of type 2 diabetes. Thus, the rapid increase in the prevalence of chronic disease globally is expected to increase the demand for CDMO services for the development of novel drug therapies that propel the growth of the market in upcoming years.
 

API CDMO are companies that specialize in providing services related to the development, manufacturing, and regulatory support of active pharmaceutical ingredients (APIs). These organizations typically work with pharmaceutical companies that outsource these aspects of drug development and production, allowing them to focus on other areas of their business such as research, marketing, and distribution.