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Global biologics CDMO market to hit $62B by 2034, driven by outsourcing and oncology demand

Market News
14 Oct 2026
Globe News Wire
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Bullish
Global biologics CDMO market to hit $62B by 2034, driven by outsourcing and oncology demand

The global biologics Contract Development and Manufacturing Organization (CDMO) market is projected to grow from $23 billion in 2025 to $62 billion by 2034, at a CAGR of 11.7%. Growth is fueled by increased outsourcing from pharma and biotech firms, expanding biologics pipelines, rising oncology treatment demand, and biosimilar development. North America leads the market, while Asia-Pacific is the fastest-growing region. Key challenges include high capital costs and regulatory complexities, but strong demand for monoclonal antibodies and advanced therapies supports sustained expansion.

The biologics CDMO market outlook shows strong growth projections, reaching USD 62 billion by 2034 with an 11.7% CAGR. For readers following health-sector stocks on Pluang, here is the market snapshot as of Oct 14, 2026 17:11 WIB: out of 150 priced stocks, 98 rose and 44 fell. Novartis AG (NVS) rose 1.69% to USD 144.82 with a typical hold time of 82 days and 82% sell order activity, contrasting with ClearPoint Neuro Inc (CLPT) which gained 1.53% to USD 9.96 but had a much shorter hold time of 10 days and 100% buy orders. Quest Diagnostics Inc (DGX) declined 1.52% to USD 227.06 with a hold time of 56 days and full buy order activity.

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