The global contract development manufacturing organization market to witness growth at 7.3% CAGR from 2020 to 2025, with innovative APIs driving growth
Contract Development Manufacturing Organization Market Procurement Intelligence Report During 2020 – 2025
The global contract development manufacturing organization market is expected to witness sustainable growth (CAGR of 7.3%) from 2020 to 2025 with innovative APIs driving market growth. The COVID pandemic has had several positive as well as negative impacts on the industry. The demand for investigational treatments and ICU medications, to aid medical centers tide over the pandemic, has substantially increased resulting in increased demand for APIs. At the same time, scarcity of APIs, especially in countries that procure them from China, has led to supply chain disruptions.
