Pharmaceutical Manufacturing Market worth $1,110.17 billion by 2030, growing at a CAGR of 8.60% - Exclusive Report by 360iResearch

The "Pharmaceutical Manufacturing Market by Formulation (Capsules, Injectable, Powders), Drug Development Type (In-House, Outsource), Route of Administration, Drugs, Age Group, Distribution Channel, Therapy Area - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Pharmaceutical Manufacturing Market to grow from USD 573.69 billion in 2022 to USD 1,110.17 billion by 2030, at a CAGR of 8.60%.

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Pharmaceutical manufacturing comprises research, development, production, marketing, and distribution of drugs and medicinal products for human use. These products target disease prevention, diagnosis, treatment, and management in various healthcare settings. Key end-users include patients with acute or chronic illnesses, healthcare professionals, clinical trial researchers, insurance companies, and regulatory agencies. Rising aging populations with a higher prevalence of chronic diseases across the globe and increasing need for advanced medicines targeting unmet medical needs influence the growth in the pharmaceutical sector. In addition, rising government funding supports research and development activities in the healthcare sector, allowing new drug development for pharmaceutical companies. However, stringent regulatory requirements imposed by national authorities and the lengthy clinical trial processes create barriers to entry for new pharmaceutical manufacturers. Moreover, increasing competition from generics and biosimilars and maintaining a robust supply chain pose significant challenges. Furthermore, the technological advancements in drug development processes and a growing focus on personalized medicine create sustainable opportunities for market growth. Also, embracing digital technologies to optimize R&D processes, enhancing the drug development efficiency

Route of Administration: Rising research and development activities parenteral drug delivery with rising prevalence of chronic disease

Inhalation-based drug delivery is primarily preferred for treating respiratory disorders, including asthma, cystic fibrosis, and chronic obstructive pulmonary disease. This route offers a rapid onset of action and improved safety due to targeted lung deposition. Oral administration is the most favored route due to its ease of administration, patient compliance, flexibility in dosage forms, and cost-effectiveness. Parenteral drug delivery includes intravenous (IV), intramuscular (IM), and subcutaneous (SC) injections, offering rapid onset of action with 100% bioavailability, making it ideal for emergency treatments and chronic illnesses requiring long-term care, such as diabetes and cancer. Topical drug administration is particularly suitable for localized treatment of skin disorders such as dermatitis, psoriasis, and acne, and pain relief by applying creams, gels, and patches directly onto the affected area.

Drugs: Inclination toward Over-the-counter (OTC) drugs

Over-the-counter (OTC) drugs are vital in providing consumers with accessible and effective treatments for common ailments. Acetaminophen is a widely used analgesic and effectively relieves mild to moderate pain and alleviates fever in various conditions such as headaches, menstrual cramps, backaches, dental pain, and arthritis. Bismuth subsalicylate is an antacid and anti-diarrheal medication used to treat common gastrointestinal issues such as indigestion, heartburn, nausea, and diarrhea. Dextromethorphan (DXM) is a cough suppressant drug that temporarily relieves the cough reflex in the brain's medulla oblongata region. Hydrocortisone creams are topical corticosteroids designed to treat skin conditions, including eczema, dermatitis, and insect bites, by reducing inflammation and itching. Ibuprofen is commonly used to relieve headaches, dental pain, menstrual cramps, or musculoskeletal injuries. Pseudoephedrine is a nasal decongestant found in many cold medications and relieves congestion by narrowing blood vessels in the nasal passages and reducing swelling and mucus buildup. Prescription medicines require authorization from a healthcare professional before being dispensed by a pharmacist. These medications are often prescribed for more severe or chronic conditions where specialized medical intervention is necessary to ensure safe use and optimal therapeutic outcomes. Acetaminophen Plus Hydrocodone is used to manage moderate to severe pain. Amlodipine works by relaxing blood vessels and improving blood flow and is commonly prescribed for hypertension and angina. Lisinopril expands blood vessels, reduces blood pressure, and is prescribed for hypertension treatment. Metformin is prescribed for type 2 diabetes management alongside dietary changes and exercise programs. Simvastatin lowers cholesterol levels to reduce the risk of heart strokes and other cardiovascular problems.

Therapy Area: Wave of innovations toward development of new oncology treatment modalities

The increasing prevalence of allergic conditions worldwide drives the need for allergy treatment and drugs. The surge in aging populations and unhealthy lifestyles contributing to heart disease prevalence raises the need for cardiovascular therapies. The rise in a number of dermatology conditions, such as scurvy, dermatitis, and skin infections, necessitates efficient drugs. The rising diabetes epidemic creates a substantial need for effective therapies. Growth in gastrointestinal diseases necessitates advancements in gastroenterology treatments and medicines. Infectious diseases persist globally, requiring continuous vaccine and antiviral development. The rising burden of neurological disorders contributes to a significant need for improved drugs and therapeutics. Cancer remains a leading cause of casualties, driving the need for innovative oncology therapies. Aging populations contribute to increased eye disease prevalence and necessitate ophthalmic treatments. The global burden of chronic pain propels the need for effective analgesics or nonsteroidal anti-inflammatory drugs. Mental health disorders affect millions globally and require therapeutic breakthroughs within psychiatry. Chronic respiratory diseases influence the need for novel pulmonary treatments. The increasing prevalence of kidney disease requires innovative renal therapies. Cases of asthma and COPD necessitate advancements within the respiratory therapy area segment.

Drug Development Type: Increasing use of outsourced pharmaceutical manufacturing due to its cost effectiveness

In-house drug development entails a pharmaceutical company conducting all research and development (R&D), clinical trials, regulatory compliance, production, marketing, and distribution within its organization. Companies that choose this approach often have comprehensive R&D facilities and skilled personnel to manage all aspects of the drug development process in a controlled environment. Outsourcing involves partnering with external organizations, such as contract research and manufacturing organizations, to facilitate various stages of the drug development process. Outsourcing partners may offer services ranging from preclinical studies to post-marketing surveillance. Companies prefer outsourcing if they lack the necessary facilities and expertise for specific drug development phases. Additionally, outsourcing can help control costs and reduce time-to-market by leveraging third-party vendors' specialized knowledge and resources.

Formulation: Surging investment to support robust research and development of injectable formulations

Capsules are preferred for their ease of swallowing and accurate dosing capabilities. They are suitable for both immediate-release and extended-release formulations. Injectable formulations offer rapid onset of action and high bioavailability as they bypass gastrointestinal absorption barriers. These are commonly used for life-saving medications, vaccines, and biopharmaceutical products. Powders are ideal for patients with difficulty swallowing tablets and capsules; they can be reconstituted into convenient oral suspensions and topical applications when needed. Sprays are preferred for localized drug delivery, such as nasal and buccal administration. They offer rapid absorption and high bioavailability, making them ideal for emergency medications. Suspensions provide flexibility in dosing and are suitable for pediatric and senior patients who have difficulty swallowing solid dosage forms. Tablets remain the most popular dosage form due to their portability, ease of manufacturing, and cost-effectiveness. Each formulation type serves specific patient needs based on factors such as administration route, onset of action, bioavailability, dosing accuracy, ease of use, and patient preferences.

Distribution Channel: Penetration of non-retail distribution channels for pharmaceuticals

Non-retail distribution channels primarily cater to hospitals, clinics, government agencies, long-term care facilities, and other healthcare institutions. This segment involves bulk purchasing of pharmaceutical products by institutional buyers to meet the healthcare needs of patients receiving treatment within these establishments. The preference for non-retail distribution arises from the need for specialized medications that may not be readily available or economically viable through retail channels. Retail distribution caters to individual consumers through pharmacies both online and offline), supermarkets, drugstores, and mail-order services. Customers depend on retail distribution for over-the-counter (OTC) medications, prescription drugs, and other healthcare products that can be quickly and conveniently procured. Retail channels aim to offer consumers a wide range of options, competitive pricing, and personalized services such as medication counseling or health screenings. Non-retail focuses on institutional buyers that require bulk orders of specialized medications, while retail caters to individual consumers seeking convenience, accessibility, and a diverse product range.

Age Group: Significant need for drug formulations to treat geriatric medical conditions

Adults require medications for managing chronic conditions such as hypertension, diabetes, cardiovascular diseases, or mental health disorders. Recent trends indicate a growing need for personalized medicine that caters to individual genetic makeup, lifestyle factors, and environmental influences. For children & adolescents, vaccines play a vital role due to school immunization requirements and protection against childhood diseases, including measles or chickenpox. Additionally, there is a need for pediatric formulations that consider dosage accuracy and palatability to ensure medication adherence among children. The geriatric population faces chronic conditions such as dementia, arthritis, or osteoporosis. Medications must be age-appropriate with careful consideration of drug-drug interactions, side effects, and dosing adjustments based on renal and hepatic function. The pharmaceutical manufacturing landscape differs across various age groups regarding medication needs and preferences. While adult medications focus on managing chronic conditions with personalized approaches, pediatric formulations emphasize vaccine development and adherence considerations. Geriatric populations require special attention to drug interactions and dosage adjustments due to age-related physiological changes.

Regional Insights:

The Americas hold a significant position in the global pharmaceutical market, attributed to its strong research & development (R&D) capabilities, presence of leading pharmaceutical companies, and favorable government policies. The United States has FDA-approved manufacturing facilities focusing on producing biologics and complex generics. European countries, including Germany, France, Switzerland, and the United Kingdom, have advanced pharmaceutical companies with innovative production technologies. These manufacturers have been investing heavily in innovative drug therapies while complying with stringent regulatory standards set by the European Medicines Agency. The Asia Pacific countries initiative aims to boost domestic production and innovation, encouraging investment in R&D and advanced manufacturing technologies. Their policies have led to a surge in new patents filed by pharmaceutical companies. Moreover, the rising investments in healthcare by the private and public sectors in the APAC region fueled the pharmaceutical manufacturing industry.

Market Segmentation & Coverage:

This research report categorizes the Pharmaceutical Manufacturing Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Formulation, market is studied across Capsules, Injectable, Powders, Sprays, Suspensions, and Tablets. The Tablets commanded largest market share of 26.32% in 2022, followed by Capsules.

Based on Drug Development Type, market is studied across In-House and Outsource. The In-House commanded largest market share of 73.79% in 2022, followed by Outsource.

Based on Route of Administration, market is studied across Inhalations, Oral, Parenteral, and Topical. The Oral commanded largest market share of 51.21% in 2022, followed by Parenteral.

Based on Drugs, market is studied across Over-the-Counter (OTC) Medicines and Prescription Medicines. The Prescription Medicines commanded largest market share of 53.54% in 2022, followed by Over-the-Counter (OTC) Medicines.

Based on Age Group, market is studied across Adults, Children & Adolescents, and Geriatric. The Geriatric commanded largest market share of 43.65% in 2022, followed by Children & Adolescents.

Based on Distribution Channel, market is studied across Non-Retail and Retail. The Non-Retail commanded largest market share of 63.46% in 2022, followed by Retail.

Based on Therapy Area, market is studied across Allergy, Cardiovascular Diseases, Dermatology, Diabetes, Gastroenterology, Infectious Disease, Neurology, Oncology, Ophthalmology, Pain Management, Psychiatry, Pulmonary, Renal Disease, and Respiratory Diseases. The Oncology commanded largest market share of 18.12% in 2022, followed by Cardiovascular Diseases.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.52% in 2022, followed by Europe, Middle East & Africa.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Pharmaceutical Manufacturing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Pharmaceutical Manufacturing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Pharmaceutical Manufacturing Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, AbbVie Inc., Actiza Pharmaceutical Pvt. Ltd., Advent Pharma Ltd., Aenova Group GmbH, Amgen Inc., AstraZeneca PLC, Asymchem, Inc., Azurity Pharmaceuticals, Inc., Bayer AG, Biocon Limited, BioNTech SE, Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, Cipla Limited, Eli Lilly and Company, Emcure Pharmaceuticals Limited, F. Hoffmann-La Roche Ltd., Famar Group, Gilead Sciences, Inc., GlaxoSmithKline PLC, Glenmark Pharmaceuticals Ltd., Johnson & Johnson Services, Inc., Lonza Group AG, Lupin Limited, McKesson Corporation, Merck KGaA, Moderna, Inc., Novartis AG, Novo Nordisk A/S, Pfizer, Inc., Piramal Pharma Limited, Recipharm AB, Sanofi S.A., Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Thermo Fisher Scientific Inc., Veranova, L.P., and Zeon Lifesciences Ltd..

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Pharmaceutical Manufacturing Market, by Formulation
7. Pharmaceutical Manufacturing Market, by Drug Development Type
8. Pharmaceutical Manufacturing Market, by Route of Administration
9. Pharmaceutical Manufacturing Market, by Drugs
10. Pharmaceutical Manufacturing Market, by Age Group
11. Pharmaceutical Manufacturing Market, by Distribution Channel
12. Pharmaceutical Manufacturing Market, by Therapy Area
13. Americas Pharmaceutical Manufacturing Market
14. Asia-Pacific Pharmaceutical Manufacturing Market
15. Europe, Middle East & Africa Pharmaceutical Manufacturing Market
16. Competitive Landscape
17. Competitive Portfolio
18. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Pharmaceutical Manufacturing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Pharmaceutical Manufacturing Market?
3. What is the competitive strategic window for opportunities in the Pharmaceutical Manufacturing Market?
4. What are the technology trends and regulatory frameworks in the Pharmaceutical Manufacturing Market?
5. What is the market share of the leading vendors in the Pharmaceutical Manufacturing Market?
6. What modes and strategic moves are considered suitable for entering the Pharmaceutical Manufacturing Market?

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