Global Pharma-Bio CMO Sector Continues to Boom, an Industrial Info Market Brief

Contract manufacturing organizations (CMOs) continue to be an essential component of the pharmaceutical-biotech industry. Encompassing the production of everything from both branded and generic active pharmaceutical ingredient (API) manufacturing to final formulations, the sector keeps growing to meet increased demand. Recent estimates predict CMOs will see a compound annual growth rate (CAGR) of 7.75% through 2025. Industrial Info is tracking 1,113 operational CMO plant sites.