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The global pharmaceutical contract development and manufacturing market is projected to reach USD 164.26 billion by 2027 from USD 100.7 billion in 2020, at a CAGR of 7.2 %. Cost saving and time saving benefits associated with the implementation of outsourcing is responsible for driving the industrial growth.
Companies are investing in infrastructure, personnel, and technology in order to gain significant share of the outsourcing revenue. Increasing demand as a consequence of ongoing patent cliff of the biologic drugs is expected to fuel demand. Presence of end-to-end service providers that are engaged in providing value added services for an integrated or risk sharing business model is expected to bolster progress in this industry. Moreover, new product launches and novel drug delivery mechanisms are anticipated to drive outsourcing demand.
The industry has been alternating between the cycles of inadequate and excessive production capacity for contract as well as captive manufacturers. Hence, it is important for Contract Manufacturing Organizations (CMOs) to make cautious decisions pertaining to capacity expansion and choice of deals.
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The Top Key Players include:
Thermo Fisher Scientific Inc.
Catalent, Inc.
Lonza Group Ltd
Recipharm AB
Vetter Pharma International GMBH
FAMAR Health Care Services
AbbVie Inc.
Aenova Group
Consort Medical plc
Almac Group
Siegfried Holding AG
Boehringer Ingelheim International GmbH
Evonik Industries AG
The global Pharmaceutical Contract Development and Manufacturing market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Global Pharmaceutical Contract Development and Manufacturing Market Key Segments:
On the Basis of Type:
Pharmaceutical Manufacturing Services
Biologics Manufacturing Services
Drug Development Services
On the Basis of Application:
Big Pharma
Small Pharma
Generic Pharma
CRO
On the Basis of Region:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)
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The Pharmaceutical Contract Development and Manufacturing market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Pharmaceutical Contract Development and Manufacturing in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Pharmaceutical Contract Development and Manufacturing Market
Chapter 5. Global Pharmaceutical Contract Development and Manufacturing Market Overview, By Application, 2015 – 2027(USD Million)
Chapter 6. Global Pharmaceutical Contract Development and Manufacturing Market Overview, By Distribution Channel, 2015 – 2027(USD Million)
Chapter 7. Global Pharmaceutical Contract Development and Manufacturing Market Overview, By Geography, 2015 – 2027(USD Million)
Chapter 8. North America Pharmaceutical Contract Development and Manufacturing Market Overview, By Countries, 2015 – 2027(USD Million)
Chapter 9. Europe Pharmaceutical Contract Development and Manufacturing Market Overview, By Countries, 2015 – 2027(USD Million)
Chapter 10. Asia Pacific Pharmaceutical Contract Development and Manufacturing Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 11. Middle East & Africa Pharmaceutical Contract Development and Manufacturing Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 12. South America Pharmaceutical Contract Development and Manufacturing Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Pharmaceutical Contract Development and Manufacturing Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market
Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
- Imbibe the advancements and progress in the market during the forecast period.
- Understand where the market opportunities lies.
- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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