Trend Forecasting: Insights from Dr. Oliver Okle
Dr. Oliver Okle is a product and service manager at Vetter The global CDMO market is projected to more than double from $161 billion in 2023 to $322.76 billion by 20331. This is only a portion of the rapid growth we’re witnessing in the broader pharmaceutical and biotech industry, driven by innovation and increased investment in research and development (R&D)2. This growth underscores the need for CDMOs to invest in advanced infrastructure, technologies, and process optimizations to stay ahead in the evolving market. In this interview, Dr. Oliver Okle, Product and Service Manager at Vetter, a globally operating CDMO, discusses the importance of trend scouting and how it helps outsourcing partners stay competitive. Dr. Okle, what are the key factors driving the rapid expansion of the pharmaceutical and biotech industries? In my experience, the primary drivers are innovation and increased R&D investment. The significant growth in the CDMO market, and the rise in R&D sp...