Pharmaceutical CDMO Market Drivers: Increasing R&D Investments in Pharmaceuticals
The global pharmaceutical CDMO (Contract Development and Manufacturing Organization) market was valued at USD 146.0 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% between 2024 and 2030. This growth is primarily driven by increasing investments in drug development by CDMOs and the rising demand for novel therapies. Other key contributors include...
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