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HighTech Report Shows Rising Demand for Bio-CMO Services

Contract manufacturing market has grown 10% the past three years

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By: Kristin Brooks

Managing Editor, Contract Pharma

The biopharma contract manufacturing market has grown at a compound annual rate approaching 10% during the past three years, according to HighTech Business Decisions forecasts, and the market will reach $2.8 billion this year. In response to this higher demand, many CMOs are adding new capacity. HighTech Business Decisions projects total biopharma contract production capacity to increase 15% during the next two years.   In the recently published industry study, “Biopharmaceutical Contract Manufa...

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