The Oral Solid Dosage Contract Manufacturing Market to Keep Up the Digitized Technology Momentum

Oral Solid Dosage Contract Manufacturing Market 2022-2030

The Oral Solid Dosage Contract Manufacturing Market is expected to grow on a vigorous note shortly. Though telemedicine has turned out to be an easily accessible service, proper amalgamation with therapy decisions is of utmost importance. At-home lab tests are a good by-product of telehealth. Remote monitoring and diagnosis are cost-effective. It also saves on downtime. So, saving on time and investing in convenience would be one of the trends of the healthcare vertical in the years to come.

The global oral solid dosage contract manufacturing market is estimated to be valued at around US$ 21 Bn in 2020, with the market expected to exhibit a CAGR of close to 6% over the forecast period (2020-2030).

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The existing biologics-development pipeline supports an outlook of continued strong growth for contract manufacturing. Annually, the number of biotech patents applied for has been mounting at approximately 23 percent. There are currently more than 1,500 biomolecules undergoing clinical trials, which are targeting more than 100 hundred types of diseases; the success rate for biologics has so far been over twice that of small-molecule products.

Pharmaceutical contract manufacturing plays an important role in commercial manufacturing as well as late clinical phase of solid dosage drug production. Big pharma companies have limited capacity for biopharmaceutical production due to high operating and production costs, and this leads to the outsourcing of pharmaceutical drug production through contract manufacturing.

Key Players:

The report has profiled some of the important players prevalent in the global like - Abbvie Inc., ThermoFisher Scientific Inc. (Patheon N.V.), Lonza Group AG, Catalent Inc., Pfizer Inc., Jubilant Pharmova, Piramal Enterprises Ltd., Wockhardt Ltd., CMIC HOLDINGS Co., LTD., Mayne Pharma (Metrics Contract Services, Alcami Corporation, Cambrex Corporation (Halo Pharma), CordenPharma International, GENVION Corporation, Arnet Pharmaceuticals, Pharma Tech Industries, Tower Laboratories Ltd., PNP Pharmaceuticals Inc., and Confab Laboratories Inc and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Oral Solid Dosage Contract Manufacturing Market.        

The COVID-19 pandemic has affected the market quiet significantly. Lockdowns in the first half of 2020 led to shortage of human resources, thereby slowing down oral solid dosage contract manufacturing. In addition, it also led to severe disruption in the supply chain of raw material, which further led to interrupted development activities. The pandemic also resulted a large number of pharmaceutical companies channeling their major focus on the development of COVID-19 products. However, with rapid changes in the business models adopted by contract manufacturing companies, and with the improving situations as a result of the introduction of vaccines, the future looks bright.  

Key Takeaways from Study

By product, tablets dominated with a market share of almost 55%, and will further observe a rise in market share during the forecast period, due to increasing usage of tablets as compared to other forms.

Under release mechanism, again tablets will dominate the market, contributing for more than half of the revenue share. 

The market in India and China is growing at a significantly high rate (around 7% CAGR), due to rising number of contract manufacturing organizations and low manufacturing costs in these countries.

Thus, it can be concluded that, these markets will represent highly lucrative growth opportunities during the forecast period.
Pharma /biotech companies, both big and small. Will hold bulk of the market share through 2030, at around three-fourth share.

 "Increasing adoption of CDMO and CMO business models in terms of product offerings, and reduction in operational costs, are expected to surge demand for oral solid dosage contract manufacturing," says a Persistence Market research analyst.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Oral Solid Dosage Contract Manufacturing Market Manufacturers 
Oral Solid Dosage Contract Manufacturing Market Distributors/Traders/Wholesalers 
Oral Solid Dosage Contract Manufacturing Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in the Oral Solid Dosage Contract Manufacturing Market Report

How is the Oral Solid Dosage Contract Manufacturing Market expected to grow over the projected period?

What direction is the Oral Solid Dosage Contract Manufacturing Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Oral Solid Dosage Contract Manufacturing Market in future?

What are the key market drivers in the Oral Solid Dosage Contract Manufacturing Market?

What are significant opportunities and improvement areas for Oral Solid Dosage Contract Manufacturing Market manufacturers?

What are the key developments and trends taking over the Oral Solid Dosage Contract Manufacturing Market?

Which are the emerging countries that are expected to create significant growth opportunities in the Oral Solid Dosage Contract Manufacturing Market?  

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