Pharmaceutical Contract Development and Manufacturing Market by Size, Share, Forecasts, & Trends Analysis

 

Pharmaceutical Contract Development and Manufacturing Market

The Pharmaceutical Contract Development and Manufacturing Market is anticipated to grow at a robust CAGR during the forecast period (2021-2028).

The factors driving the growth of Pharmaceutical Contract Development and Manufacturing Market includes growing demand for drug manufacturing and biological therapies and increased promotion of generic medicines by Governments around the world. As per the report published by Imarc Group, the Global Generic Drugs Market was valued at USD 320 billion in 2021 and is anticipated to reach USD 482.5 billion by the end of 2027, growing at a CAGR of 7% over the forecast period (2022-2027), which is expected to boost the market growth in the approaching years. Moreover, the growing emphasis on minimizing the healthcare costs, on-going advancements in cell and gene therapies, are expected to augment the market growth. In addition, the growing investments in research and development by the Pharmaceutical and Biotech firms along with increased adoption of advanced manufacturing technologies by CDMOs, are some of the additional factors supplementing the demand for Pharmaceutical Contract Development and Manufacturing.

However, the growth Pharmaceutical Contract Development and Manufacturing Market is hindered due to strict regulations regarding the manufacturing of Active Pharmaceutical Ingredient (API).

The major players operating in the market are Charles River Laboratories International, Inc., Albany Molecular Research, Inc., QuintilesIMS, Baxter BioPharma Solutions, Grifols S.A, Jubilant Life Sciences Limited, Pfizer, Inc. (Pfizer CenterOne), Covance, Inc. (LabCorp), Boehringer Ingelheim GmbH and Lonza among others.

Service – Segment Analysis

As per Pharmaceutical Contract Development and Manufacturing Market Forecast, the pharmaceutical manufacturing services segment is expected to grow at significant CAGR during the forecast period owing to increased consumption of generic medicines and rising demand for vaccines and biosimilars across the globe.

End-User – Segment Analysis

Based on end-user, the big pharmaceutical companies’ segment is expected to grow at a remarkable CAGR during the forecast period. The emerging need to streamline the execution costs and increasing collaborations between the market players in the pharmaceutical sector, are some of the factors responsible for the growth of the segment.

Regional – Segment Analysis

Based on region, the Asia-Pacific region is predicted to expand at a faster CAGR over the forecast period attributed to growing investments in drug development, rise in the number of pharmaceutical outsourcings, increasing population and strategic initiatives taken by Governments to boost the pharmaceutical industry.

Market Segmentation

Global Pharmaceutical Contract Development and Manufacturing Market by Service

  • Pharmaceutical Manufacturing Devices
  • Drug Development Services
  • Biologics Manufacturing Devices

Global Pharmaceutical Contract Development and Manufacturing Market by End-User

  • Big Pharmaceutical Companies
  • Small & Medium Sized Pharmaceutical Companies
  • Generic Pharmaceutical Companies
  • Others

Global Pharmaceutical Contract Development and Manufacturing Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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