Pharmaceutical Technology BioPharm - February 2025

Pharmaceutical Technology BioPharm - February 2025

Issue link: https://www.e-digitaleditions.com/i/1532595

Contents of this Issue

Navigation

Page 24 of 27

VITALII VODOL AZSKYI- STOCK.ADOBE.COM Bio/Pharma Outsourcing Innovation February 2025 BioPharm International ® | Pharmaceutical Technology ® 25 T h e m a r k e t r e s e a r c h a n d c o n s u l t i n g f i r m DelveInsight predicts that a global contract de- velopment and manufacturing organization (CDMO) market already valued at more than $100 billion could potentially grow by almost half that amount, to an eventual total value of nearly $144 billion, over the second half of the 2020s (1). T hat expa nsion across t he ma rket, wh ich rep- resents a theoretical compound annual growth rate of 6.5%, not only ref lects the rise in some serious diseases, various cancers among them, but also the increasing popularity of outsourcing in the drug de- velopment process—which, DelveInsight said, comes with certain benefits in cost savings (1). The firm was even retained by an unnamed "large pharma client" looking to improve its API and finished dosage development to produce a one-off report with the objective of benchmarking top CDMO candidates for outsourcing its projects, analyzing the CDMOs' R&D, manufacturing, and commercialization capabilities (2). Such attention to and emphasis on this research un- derlines the importance the bio/pharma industry is currently investing in its outsourcing decisions, and as the CDMO market continues to grow, the details of those decisions figure to get more and more precise. Key outsourcing trends To that end, when CPHI shared its top outsourcing trends for CDMOs across the globe for 2024, several key themes emerged. Chief among these were more careful consideration of geographic diversification and its implications, end-to-end or "one-stop-shop" organizations being able to improve efficiency and sca labi lit y, market sh if ts increasingly driven by merger and acquisition (M&A) activity, and equal re- sponsibility between the drugmaker and the CDMO/ Savings and Sustainability Sought by Pharma Partners Patrick Lavery With 2025 now in full swing, industry is already observing significant developments in outsourcing services, new facilities, and M&A activity thus far this year.

Articles in this issue

Links on this page

Archives of this issue

view archives of Pharmaceutical Technology BioPharm - February 2025 - Pharmaceutical Technology BioPharm - February 2025