Bioproduction CMO & CRO Market Forecast 2030: Navigating Trends, Challenges, and Opportunities

The projected global market size for Contract Manufacturing Organizations (CMOs) and Contract Research Organizations (CROs) in bioproduction is expected to reach USD 51.46 billion by 2030, with a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030. Over the past few years, there has been significant growth in the development of biological products. This surge in the manufacturing sector necessitates expanded and more suitable manufacturing capabilities. Consequently, there is a growing trend of outsourcing bioproduction activities and increasing budgets to accommodate this demand.