Market Share of India CMO Industry
Contract manufacturing organizations (CMOs) offer production services tailored for pharmaceutical and biotechnology firms. Acting on behalf of these entities, CMOs produce drugs, medicines, and therapies. They take a developed drug formula and scale production based on the client's demand. CMOs prioritize safety, consistency, and adherence to regulatory standards in their production processes.
The Indian contract manufacturing organization (CMO) market is fragmented, with the top vendors accounting for a significant market share. Apart from these major players, several players in the market are investing in innovations and partnerships to gain an increased market share. Therefore, the intensity of competitive rivalry is high. The key players are Dr Reddy's Laboratories, Cadila Pharmaceuticals Limited, and Cipla Ltd.
India CMO Market Leaders
-
Dr. Reddy’s Laboratories
-
Cadila Healthcare Limited
-
Cipla Ltd.
-
Akums Drugs and Pharmaceuticals Limited
-
Viatris Inc (Mylan Laboratories Ltd)
*Disclaimer: Major Players sorted in no particular order
