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 th...