The global contract development and manufacturing organization (CDMO) outsourcing market is poised to reach USD 36.51 billion by 2023, according to a new report by Technavio, progressing at a CAGR of close to 8% during the forecast period.

“Poor lifestyles have increased the number of diseases such as diabetes and other cardiac diseases. The high demand for drugs to treat these diseases is driving many pharma and biotech companies to outsource some of their processes to CDMOs. Many ... Read more