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Global Pharmaceutical Contract Manufacturing Market Research Report: Size, Share, Growth, Trends and Forecast 2024

Pharmaceutical Contract Manufacturing

There is a continuous growth in “Pharmaceutical Contract Manufacturing” Market in last five years and also continue for the forecast year 2023. Pharmaceutical Contract Manufacturing industry report analyses the outline of the global market with respect to major regions and segmented by types and applications. Pharmaceutical Contract Manufacturing Market covers top manufacturers, product scope, market overview, market opportunities, market risk, market driving force, technological advancement, distributors, traders, dealers, research findings.

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The global pharmaceutical contract manufacturing market was valued at USD 92.314 billion in 2017. This market is expected to reach USD 146.41 billion by 2023, at a CAGR of 8.08% during the forecast period (2018 – 2023).

Owing to the growing demand for generic medicines and biologics, capital-intensive nature of the business, and complex manufacturing requirements, many pharmaceutical companies have identified the potential profitability in contracting with a CMO (contract manufacturing outsourcing) for both clinical and commercial stage manufacturing. Moreover, the pharmaceutical companies have been directing their priorities toward the core areas of competency, and hence, prefer not to dispense available resources, expertise, and technology on formulating the final dose of medicines. The biggest factor driving the growth of CMOs in the pharmaceutical industry is the growing need for state-of-the-art processes and production technologies, which have proven highly effective in meeting regulatory requirements. However, factors, such as stringent regulations and high logistics costs are restraining the market.

Increasing Investments on R&D to Drive the Market Growth

Greater technological complexity in drug development and greater specificity in disease targets have helped raise average R&D costs, as firms now identify drugs with particular molecular characteristics as opposed to using trial-and-error methods to find compounds that work in some desired way. A major stake of R&D investments, as well as capacity expansions, are likely in the injectable and sterile liquid dose formulations segment. Small biotech firms get access to specialized knowledge and resources, which help them expedite their R&D activities. Thus, CRO/CMOs are able to leverage their expertise, owing to their R&D and complex manufacturing capabilities, to fill the needs of the large generic, big pharmaceutical and biotech companies.

API to Dominate the Market, by Service Type

Due to restructuring of the pharmaceutical industry, API CMOs are expected to witness a strong surge in demand, particularly in the generics sector. Additionally, regulatory developments in the markets would let generic drug companies develop and manufacture products for export, worldwide. However, demand for specialized technologies and improvements in pharmaceutical manufacturing capabilities, could steer some companies to return to sourcing their APIs from suppliers.

Owing to the Hydroelectricity Concerned Activities in the United States, Utility Sector Accounts for the Largest Share

Generic drugs have a huge opportunity of growth for the CMOs of North America. Traditionally, the CMOs of this region are unwilling to take risks about generics that produce low margins. However, as growing prices push more companies to enter into dermatology products, CMOs with semisolid capabilities are benefitting from strong generics demand. These generic drug companies are also turning more toward CMOs with injectable capabilities to overcome shortage, and to address issues relating to offshore supplies. In addition, the development of super generics are leveraging CMOs with niche dosage forms, like transdermal and inhalation technologies. High cost of production is the main factor for the decline in the market in North America, wherein, an increased number of companies are setting up manufacturing facilities in the emerging countries, or operating through contract manufacturing.

Recent Developments

• October 2017: Catalent Inc., had acquired Cook Pharmica LLC, an integrated provider of drug substance and drug product manufacturing and related services. This acquisition strengthened Catalent’s position as a leader in biologics development and analytical services, manufacturing and finished product supply. Their complementary capabilities and expertise will help customers accelerate biologic drug development programs and bring better treatments to patients, worldwide.
• June 2017: Recipharm, a leading contract development and manufacturing organization (CDMO) and Kancera, a development company focused on cancer therapy, have signed a contract for the development and manufacture of the pharmaceutical candidate, KAND567.

Major Players: CATALENT INC., RECIPHARM AB, JUBILANT LIFE SCIENCES LTD, PATHEON INC., BOEHRINGER INGELHEIM, PFIZER CENTRESOURCE, AENOVA, FAMAR, BAXTER BIOPHARMA SOLUTIONS, AND LONZA, amongst others.

Major Regions: – US,Canada, Mexico., Germany,UK, France, Spain, Italy, Russia., China, Japan, India, Australia., Brazil, Argentina., South Africa.

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Reasons to Purchase this Report:

  • Analysing various perspectives of the Pharmaceutical Contract Manufacturing market size with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness fastest Pharmaceutical Contract Manufacturing market growth during the forecast period.
  • Identify the latest developments, Pharmaceutical Contract Manufacturing market shares and strategies employed by the major market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

Major Points Covered in Table of Content of Pharmaceutical Contract Manufacturing Market forecast 2023

1. Introduction of Pharmaceutical Contract Manufacturing Market Report

1.1 Study Deliverables

1.2 General Study Assumptions

2. Research Methodology

2.1 Introduction

2.2 Analysis Methodology

2.3 Study Phases

2.4 Econometric Modelling

3. Executive Summary

4. Market Overview and Pharmaceutical Contract Manufacturing Market Trends

4.1 Introduction

4.2 Market Trends

4.3 Porter’s Five Force Framework

4.3.1 Bargaining Power of Suppliers

4.3.2 Bargaining Power of Consumers

4.3.3 Threat of New Entrants

4.3.4 Threat of Substitute Products and Services

4.3.5 Competitive Rivalry within the Industry

5. Pharmaceutical Contract Manufacturing Market Dynamics

5.1 Drivers

5.2 Restraints

5.3 Opportunities

6.Global Pharmaceutical Contract Manufacturing Market, Segmented by Size

7. Global Pharmaceutical Contract Manufacturing Market, Segmented by Technology Type

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8. Global Pharmaceutical Contract Manufacturing Market, Segmented by Geography

8.1 North America

8.1.1 United States

8.1.2 Canada

8.1.3 Mexico

8.1.4 Others

8.2 South America

8.2.1 Brazil

8.2.2 Argentina

8.2.3 Others

8.3 Asia-Pacific

8.3.1 China

8.3.2 Japan

8.3.3 India

8.3.4 Others

8.4 Europe

8.4.1 United Kingdom

8.4.2 Germany

8.4.3 France

8.4.4 Others

8.5 Africa and Middle East

8.5.1 UAE

8.5.2 South Africa

8.5.3 Saudi Arabia

8.5.4 Others

9. Competitive Landscape

9.1 Introduction

9.2 Market Share Analysis

9.3 Developments of Key Players

10. Key Vendor Analysis (Overview, Products & Services, Strategies)

11. Future Outlook of the Market

12. Disclaimer

And Many More……….

For Detail TOC Click Here

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