Global Pharmaceutical Contract Manufacturing Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global Pharmaceutical Contract Manufacturing market is accounted approximate USD 100.7 billion in 2020 and it is expected to reach approximate USD 207.5 billion by 2030 with a CAGR of 7.50 % during forecast period.A contract manufacturing organization (CMO), helps various companies in the pharmaceutical industry on a contract basis to provide comprehensive services from drug development through drug manufacturing. It is also called as contract development and manufacturing organization (CDMO). This allows major pharmaceutical companies to outsource those aspects of the business, which can help them expanding or can allow the major company to focus on drug discovery and drug marketing. With the rising demand for generic biologics and medicines, the complex manufacturing requirements, the capital-intensive nature of the business, and many pharmaceutical companies have recognized the potential profitability in constricting with a CMO for both clinical and commercial stage manufacturing.
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Market Dynamics and Factors:
Rising of pharmaceutical contract manufacturing market is driven by the growing of demand for generics, investments in advanced manufacturing technologies by CDMOs, and growing investments in pharmaceutical R&D. Most of the companies in this industry are progressively focusing on the development of biological APIs, which is boosting the market. General prescription drug sub-segment inhabits a major share in the API manufacturing segment, as compared to OTC drugs. However, stringent European regulatory policies are expected to hamper the segment’s growth. The novel technologies for HPAPIs (High Potent APIs) will potentially change the future market prospects for CMOs in this fast-growing segment.
Market Segmentation :
Global Pharmaceutical Contract Manufacturing Market – By Service
Pharmaceutical
Biologics
Active Pharma Ingredients (APIs)
Tablet
Capsule
Parenteral
Oral Liquid
Finished Dosage Formulation (FDF)
Global Pharmaceutical Contract Manufacturing Market – By End-User
Big Pharma
Small Pharma
Generic Pharma
CRO
Global Pharmaceutical Contract Manufacturing Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Due to the growing manufacturing sector, increasing emphasis on off-patent drugs, favorable government regulations, and highly skilled workforce, all the factors are responsible for driving outsourcing of pharmaceutical contract development and manufacturing in the Asia Pacific and North America, which is the world’s largest market for drugs and accounts for almost half of the R&D spending in pharmaceutical and biotechnology markets. Therefore, CMOs play a major role in this market and have invested in new facilities and technologies to provide to a wide range of outsourcers. The U.S. is anticipated to face strong competition from Asia-Pacific CMO providers, especially in solid dose formation. Furthermore, the companies have been aggressive in expanding their services/ products/capabilities through strategic alliances. Acquisition of Confab, DPT Laboratories has become the global leader in prescription liquid and semi-solid formulations, obtaining proprietary products.
Competitive Scenario:
The major players in the pharmaceutical contract manufacturing market include Thermo Fisher Scientific Inc. (US), Catalent, Inc. (U.S.), Lonza Group Ltd (Switzerland), Recipharm AB (Sweden), Vetter Pharma International GMBH (Germany), FAMAR Health Care Services (Greece), AbbVie Inc. (US), Aenova Group (Germany), Consort Medical plc. (UK), Almac Group (UK), Siegfried Holding AG (Switzerland), Boehringer Ingelheim International GmbH (Germany), and Evonik Industries AG (Germany).
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Pharmaceutical Contract Manufacturing industry, although key threats, opportunities and disruptive technologies that could shape the Global Pharmaceutical Contract Manufacturing Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Pharmaceutical Contract Manufacturing Market most.
The data analysis present in the Global Pharmaceutical Contract Manufacturing Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Pharmaceutical Contract Manufacturing Market business.
The 2021 Annual Global Pharmaceutical Contract Manufacturing Market offers:
100+ charts exploring and analysing the Global Pharmaceutical Contract Manufacturing Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Pharmaceutical Contract Manufacturing Market type
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