Small Molecule CMO/CDMO Market Outlook 2024-2033: Rising Focus on Personalized Medicine and Niche Therapies Worldwide [Yahoo! Finance]
IQVIA Holdings, Inc. (IQV)
Last iqvia holdings, inc. earnings: 4/28 07:00 am
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Source: Yahoo! Finance
The global small molecule CMO/CDMO market has grown strongly in recent years. It will grow from $46.83 billion in 2023 to $50.58 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth observed in the historic period can be attributed to several factors, including favorable government support, the adoption of cost-effective solutions, the increasing complexity in drug development processes, industry consolidation, and a strategic focus on core competencies. These elements collectively contributed to the positive trajectory and expansion of small-molecule Contract Manufacturing Organizations (CMOs) and Contract Development and Manufacturing Organizations (CDMOs) during the historic period. The small molecule CMO/CDMO market is expected to see strong growth in the next few years. It will grow to $68.04 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be attributed to factors such as the rise in drug p
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IQV
Earnings
- 5/2/24 - Beat
IQV
Sec Filings
- 5/10/24 - Form 8-K
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- IQV's page on the SEC website