Advanced Therapy Medicinal goods (ATMPs) are a type of revolutionary medicinal product that includes gene therapy, cell therapy, and tissue-engineered goods. A CDMO, or contract development and manufacturing organization, is a business that offers support services for the manufacturing of ATMPs and other pharmaceutical products, including research, manufacturing, and quality control.
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The demand for ATMPs and the necessity for specialist production and development services for these intricate devices are driving the growth of the ATMP CDMO industry. As the ATMP industry grows, there is a strong demand for CDMOs who can provide the essential services and expertise to assist ATMP development and commercialization. The distinctive qualities of ATMPs set them apart from conventional medicines and biologics. They provide the possibility of curing, a variety of mechanisms of action, an improvement in patient quality of life, and long-lasting, life-altering treatments.
The ATMP industry is quickly expanding, fueled by rising demand for new and effective treatments for a wide range of diseases and ailments, including cancer, genetic disorders, and chronic diseases like diabetes and heart disease. Rising CDMO demand due to an increase in ATMP clinical studies and increased efforts to find innovative treatments for various ailments.
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Conclusion:
Compared to the CDMO M&A activities analyzed in 2012 to 2016, investment firms appear to have gained appetite to become more active players in the field, and it is likely that this trend will continue. CDMOs offer an option to enter life sciences and pharmaceutical markets by investing in continuous service revenues, while still benefitting from high growth rates in new therapy areas
In novel modalities, there is likely to be an increasing shift toward capacity expansion by existing players. Key requirements for CDMOs active in this space are: 1) to be able to swiftly allot manufacturing capacity to enable higher speed to market and 2) to secure long-term capacities for assets. Both requirements are also driven by having sufficient reserves in capacity.
CDMOs are likely to further foster their new role as technology innovators. Major companies increasingly incorporate smaller startups and technology leaders. Product-focused companies are likely to continue to move toward the CDMO service market, while CDMOs will increasingly move toward extended product offering. In addition, integration of clinical trial services could be a new trend for CDMOs to enter high value, low volume segments — for example, personalized medicine. However, a respective business model would be quite different from a more traditional volume first business model. According to the UnivDatos Market Insights analysis, the Advanced Therapy Medicinal Products CDMO Market Size is valued at USD 5.49 billion in 2022 and is expected to reach USD XX billion by 2030, rising at a market growth of 14.2% CAGR during the forecast period.