Press release
Pharmaceutical Contract Manufacturing Market Expected to Reach USD 107,004.0 Million with Top 10 Players – Outlook Till 2023
Pharmaceutical Contract Manufacturing Market
Market Scenario:
The pharmaceutical industry is experiencing a dramatic change. Pipeline challenges, pricing pressures, and emerging global markets are redesigning the way these companies operate. Providers to the pharmaceutical industry, such as contract manufacturers, will need to alter as well. In the year to come, contract manufacturers that distinguish their offerings and abilities will be able to retain customers and grow their business within this highly competitive marketplace.
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Another reason for increasing prospect in pharmaceutical contract development services is found in the growth of developing biotech’s. Most of these companies are heavily dedicated to the development of drug compounds to address a specific therapeutic area.
The global Pharmaceutical Contract Manufacturing market is expected to grow at a CAGR of 7.2% during the forecast period 2017-2023.
Top Key Players:
Some of key the players in the market are Catalant, Boehringer Ingelheim, Lonza AG, Grifols International, S.A, AbbVie Inc, Patheon Inc., Vetter, Pharmaceutical Product Development and others.
Segmentation:
The global Pharmaceutical Contract Manufacturing market is segmented on the basis of type, On the basis of type, the market is classified into Active Pharmaceutical Ingredient (API) Manufacturing, Finished Dosage Formulation (FDF) Market.
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Key Findings:
The global Pharmaceutical Contract Manufacturing market is expected to reach USD 107,004.0 million by 2023 at a CAGR of 7.2%.
On the basis of types, Active Pharmaceutical Ingredient (API) Manufacturing segment is expected to command the largest market share of 7% over the review period and Finished Dosage Formulation (FDF) Secondary Market is expected to grow at the fastest CAGR of 6.5% during the forecast period 2017-2023
The Americas hold the largest share of the Pharmaceutical Contract Manufacturing market and is expected to reach USD 40,041.5 million by 2023
Asia Pacific is the fastest growing market, which is expected to grow at a CAGR of 7.7% over the 2017-2023
Low tech pharmaceutical contract manufacturing manufacture is shifting to the developing world especially China and India. The developed regions must accommodate this shift by shifting to high tech segment of the pharmaceutical contract manufacturing market such as biologics.
China has feverously increased its capacity for API manufacturing while India is a better destination for formulation development and manufacturing.
Regional Analysis:
The Americas dominate the Pharmaceutical Contract Manufacturing market owing to the well-developed technology, high healthcare expenditure, improvement in reimbursement scenario, and the presence of the leading players.
Europe holds the second position in the Pharmaceutical Contract Manufacturing market. It is expected that the support provided by the government bodies for research & development, and drives the market in European region.
Asia Pacific region is projected to be the fastest growing region during the forecast period. Rapidly improving technology, and the presence of huge patient pool drive the growth of this market in Asia Pacific region.
The Middle East and Africa holds the least share in the market owing to the presence of poor and slow developing countries, especially, in African region.
MAJOR TABLE OF CONTENTS:
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Pharmaceutical Contract Manufacturing Market By Types
7 Global Pharmaceutical Contract Manufacturing Market By Regions
8 Company Landscape
9 Company Profile
10 Appendix
11 List of Tables
12 List of Figures
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