Contract developers and manufacturers of active pharmaceutical ingredients (APIs) are now playing an even more fundamental role in contemporary drug development strategies.
A 2018 report by analyst firm visiongain forecasts that the overallpharmaceutical contract manufacturing market is growing fast, achieving revenues of $84.0 billion by 2020 at a compound annual growth rate of 6.4% from 2015. The market, says visiongain analysts, is expected to continue to grow from 2016 to 2026 as more pharmaceutical companies strategically outsource manufacturing services.*
With the growing reliance on contract services and a fragmented landscape creating plenty of choice, it is more critical than ever to pick the right CDMO.