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Next Move Strategy Consulting
Bio-production CMO & CRO Market Report: Trends, Insights, and Forecast for 2030
Bio-production CMO & CRO Market Report: Trends, Insights, and Forecast for 2030
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According to the study of Next Move Strategy Consulting, the Bio-production CMO & CRO Market is predicted to reach USD 52.1 billion with a CAGR of 5.7% by 2030.
Bio-production CMO (Contract Manufacturing Organization) and CRO (Contract Research Organization) are two entities in the biotechnology and pharmaceutical industries. A bio production CMO specializes in manufacturing biological products on a contract basis for other companies. They have the necessary infrastructure and expertise to produce complex biopharmaceuticals such as therapeutic proteins, vaccines, and cell therapies.
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