Due to the increasing elderly population, growing demand for medicines, rising investment in healthcare, and the constant introduction of new products, the global biologics CDMO market was valued at $13,173.7 million in 2021. This is expected to reach $31,839.7 million by 2030, at a CAGR of 10.3% from 2021 to 2030. With the rise in the cases of infections among people, pharma companies are engaging in partnerships with CDMOs for meeting the demand for antibiotics.