Press release
Contract Manufacturing Market (CMO) Market to Reach $188.07 Billion by 2026; High Prevalence of Numerous Types of Cancer Will Provide Impetus to market Growth, says Fortune Business Insights™
The global contract manufacturing organization market size is projected to reach USD 188.07 billion by the end of 2026. The increasing emphasis on the R&D of newer drugs and therapeutic procedures will bode well for the market in the coming years. According to a report published by Fortune Business Insights, titled “Contract Manufacturing Market (CMO) Market Size, Share & Industry Analysis, By Type (API Manufacturing, Finished Dosage Form Manufacturing (Solid Dosage Forms, Injectable, and Others) and Packaging), and Regional Forecast, 2019-2026,” the market was worth USD 92.42 billion in 2018 and will exhibit a CAGR of 9.4% during the forecast period, 2019-2026.A contract manufacturing organization is an organization that provides drug development services to companies operating in the pharmaceutical industry. These organizations are involved in the entire development p5rocess, right from the clinical trial and phases till the commercialization of the drugs. The high investment in the drug development processes is an indication of high prevalence of serious chronic diseases. The severity of these diseases and their potential to have a direct impact on the life expectancy has benefited the contract manufacturing companies across the world. Recent advances in molecular biological concepts have allow3d operations and therapeutic procedures of the highest calibre as well as efficiency. The advances in clinical trials of several drugs associated with the disease will have a direct impact on the growth of the market in the coming years.
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Increasing Number of Company Mergers Will Aid Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers ndacquisitions has made a huge impact on the growth of the market. In July 2018, Catalent Inc. announced the acquisition of Juniper Pharma. Through this acquisition, the company will look to capitalize on Juniper Pharma’s exceptional product portfolio. Accounting to the massive global consumer reach of Catalent Inc.’s latest acquisition will have a direct impact on the growth of the overall market in the forthcoming years.
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North America Currently Dominates the Market; Presence of Several Large Scale Companies to Aid Growth
The report analyzes the ongoing contract management organization market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in North America held the largest market share in 2018. The presence of several large scale companies has had a massive impact on the growth of the regional market. As of 2018, the market in North America was worth USD 32.60 billion and this value is projected to increase further in the coming years. The market in will emerge as the second largest market in the coming years accounting the high prevalence of several forms of cancer in several countries across this region.
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A few of the leading companies that are operating in the global CMO market include:
Catalent Inc.
Recipharm AB
Jubilant Life Science Ltd
Lonza Group AG
BoehringerIngelheim International GmbH
Vetter Pharma-Fertigung GmbH & Co. KG
FAMAR Health Care Services
Dr. Reddy’s Laboratories Ltd.
Almac Group
Other prominent players
Industry Developments:
August 2017: STA Pharmaceutical announced that it has completed a merges with WuXi’s pharmaceutical development division.
Table Of Content
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Regulatory Scenario by Key Countries/Region
New Technology Trends in Contract Manufacturing
Key Industry Trends (Mergers, Acquisitions and Collaborations)
Key Strategies of Leading Players operating in the CMO market
Global Contract Manufacturing Organization Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Type
API Manufacturing
Finished Formulation Manufacturing
Solid Dosage Forms
Injectable
Others (Semisolids/liquids, Powder)
Packaging
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America Contract Manufacturing Organization Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis – By Type
API Manufacturing
Finished Formulation Manufacturing
Solid Dosage Forms
Injectable
Others (Semisolids/liquids, Powder)
Packaging
Market Analysis – By Country
S.
Canada
Europe Contract Manufacturing Organization Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis – By Type
API Manufacturing
Finished Formulation Manufacturing
Solid Dosage Forms
Injectable
Others (Semisolids/liquids, Powder)
Packaging
Market Analysis – By Country/Sub-region
K.
Germany
France
Spain
Italy
Scandinavia
Rest of Europe
Asia Pacific Contract Manufacturing Organization Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis – By Type
API Manufacturing
Finished Formulation Manufacturing
Solid Dosage Forms
Injectable
Others (Semisolids/liquids, Powder)
Packaging
Market Analysis – By Country/Sub-region
Japan
China
India
Australia
Southeast Asia
Rest of Asia Pacific
ToC Continue…!
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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