According to Technavio, the Biologics CDMO Market will increase by $10.63 billion between 2024 and 2028, growing at a CAGR of 10.46%. A key driver of this growth is the availability of cost-efficient resources in emerging markets, which has led biopharmaceutical firms to outsource manufacturing to these regions. Additionally, the growing use of big data has enabled CDMOs to enhance product quality and optimize their processes. However, the market faces significant capacity utilization challenges, as demand for biologics continues to rise. To combat these issues, CDMOs are investing in innovative technologies and expanding their production capabilities to meet the needs of the biopharma industry.

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