A contract manufacturing organization (CMO) is an organization that serves the pharmaceutical industry and provides clients with end-to-end solutions from drug development to manufacturing.
Outsourcing to a CMO allows pharmaceutical clients to expand their technical resources without increased overhead.
Currently values at 50$ Billion, the industry is expected to reach 64$ Billion by 2024 and 130$ Bn by 2030. Source: Invest India
Major segments of Indian Pharmaceutical Industry include generic drugs, OTC medicines, bulk drugs, vaccines, contract research & manufacturing, biosimilars, biologics, Herbal & Ayurvedic & Nutraceuticals.
Indian government has established several programs to support the pharmaceutical sector including Strengthening of Pharmaceutical Industry (SPI) initiative and 100% FDI (foreign direct investment). (Source)
The foreign direct investment (FDI) inflows in the Indian drugs and pharmaceuticals sector reached USD 1,414 million between FY 2021-22.
Segmentation of CMO Industry
The market is quite Fragmented and segmented majorly by Service Lines i.e.,
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