North Amer­i­can CD­MO mar­ket poised for a boom to $8.65B by 2026 — re­port

The mar­ket for CD­MOs has grown tremen­dous­ly in the past few years, and thanks to shifts in man­u­fac­tur­ing trends, that growth isn’t ex­pect­ed to slow just yet. It could be as much as $8.65 bil­lion by the year 2026, ac­cord­ing to a re­port re­leased by Tech­navio on Mon­day.

North Amer­i­ca is primed for the largest mar­ket growth in the next four years with a pro­ject­ed 41% growth, large­ly thanks to the pop­u­lar­i­ty of mam­malian, mi­cro­bial and cell ther­a­py ser­vices, Tech­navio found. The pre­dic­tion comes on the heels of boost­ed do­mes­tic drug pro­duc­tion af­ter Covid-19 re­stric­tions, im­port/ex­port con­trols and sup­ply chain prob­lems have led com­pa­nies to pri­or­i­tize in-coun­try man­u­fac­tur­ing. WuXi, Fu­ji­film, Catal­ent, and Lon­za have all beefed up man­u­fac­tur­ing in the US, ei­ther through merg­ers and ac­qui­si­tions that ex­pand their foot­print or by sim­ply pur­chas­ing plots of land and throw­ing a new build­ing on it.

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