Pharmaceutical Contract Development And Manufacturing Organization Market Global Report 2020-30: Covid 19 Impact and Recovery

The Business Research Company’s latest report Pharmaceutical Contract Development And Manufacturing Organization (CMO) Global Market Report 2020 covers Pharmaceutical Contract Development And Manufacturing Organization (CMO) market drivers, Pharmaceutical Contract Development And Manufacturing Organization (CMO) market trends, Pharmaceutical Contract Development And Manufacturing Organization (CMO) market segments, Pharmaceutical Contract Development And Manufacturing Organization (CMO) market growth rate, Pharmaceutical Contract Development And Manufacturing Organization (CMO) market major players, and Pharmaceutical Contract Development And Manufacturing Organization (CMO) market size. The report provides in-depth analysis of the impact of COVID-19 on the Pharmaceutical Contract Development And Manufacturing Organization (CMO) industry, along with revised market numbers due to the effects of the coronavirus.

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 Pharmaceutical Contract Development And Manufacturing Organization (CMO) Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The global pharmaceutical contract development and manufacturing market is expected to decline from $99.8 billion in 2019 to $93 billion in 2020 at a compound annual growth rate (CAGR) of -7%. The decline is mainly due to the focus on COVID-19 outbreak and its treatment across the globe, and disruption in the supply chain owing to geographical trade barriers affecting the supply of APIs and raw materials for drug manufacturing. Sponsors contracting CMOs are pausing the drug development activities due to COVID-19 or restructuring the current drug development plans. The market is then expected to recover and reach $128.4 billion in 2023 at a CAGR of 6.5%.

The report covers the Pharmaceutical CMO market’s segments- by type: Active Pharmaceutical Ingredient (API) Manufacturing, Finished Dosage Formulation (FDF) Development & Manufacturing, Secondary Packaging.

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