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Oral Solid Dosage Contract Manufacturing Market Size, Latest Trends, Industry Analysis By 2033
Oral Solid Dosage Contract Manufacturing Market Size
As per the report, the oral solid dosage contract manufacturing market size has grown strongly in recent years. It will grow from $36.70 billion in 2023 to $39.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The oral solid dosage contract manufacturing market size is expected to see strong growth in the next few years. It will grow to $52.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
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Increasing Demand For Generic Drugs Fuels Growth In The Oral Solid Dosage Contract Manufacturing Market
The increase in demand for generic drugs is expected to propel the growth of the oral solid dosage contract manufacturing market going forward. Generic drugs are medications that are bioequivalent to brand-name drugs in dosage, strength, safety, performance, quality, and intended use. The rising demand for generic drugs is attributed to patent expirations, cost containment efforts, regulatory incentives, and expanding access to healthcare. Oral solid dosage contract manufacturing significantly aids the production and distribution of generic drugs by leveraging the capabilities of contract manufacturers to enhance their operational efficiency, reduce costs, ensure high-quality production, and bring their products to market more swiftly and effectively. For instance, in 2022, according to the Food and Drug Administration, a US-based federal agency, it is estimated that 91% of all prescriptions in the USA were filled with generic drugs, with more than 32,000 generic drugs approved by the FDA (Food and Drug Administration). Therefore, the demand for generic drugs drives the growth of the oral solid dosage contract manufacturing market.
Companies In Oral Solid Dosage Contract Manufacturing Market Focus On Innovative Solutions To Stay Competitive
Major companies operating in the oral solid dosage contract manufacturing market are focused on developing innovative solutions, such as continuous manufacturing lines, to sustain their position in the market. A continuous manufacturing line refers to a production facility or system that utilizes continuous manufacturing processes to produce pharmaceuticals or other products. For instance, in January 2023, WuXi STA, a China-based pharmaceutical company, launched its first continuous manufacturing line for oral solid pharmaceutical products. This cutting-edge facility marks a significant advancement in pharmaceutical production, leveraging continuous manufacturing principles to enhance efficiency, quality, and flexibility in drug manufacturing processes. This agility streamlines production timelines and reduces downtime, ultimately accelerating the delivery of vital medications to patients.
The oral solid dosage contract manufacturing market covered in this report is segmented -
1) By Product Type: Tablets, Capsules, Powders, Granules, Other Product Types
2) By Service: Drug Product Development, Fill Finish Product Manufacturing, API Manufacturing, Packaging And Labelling, Other Applications
3) By Therapeutic Area: Oncology, Cardiovascular Diseases, Metabolic Disorders, Neurological Disorders, infectious Diseases, Gastrointestinal Diseases, Other Therapeutic Areas
4) By End User: Large Size Companies, Medium And Small Size Companies
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Major companies operating in the oral solid dosage contract manufacturing market are Pfizer Inc., Takeda Pharmaceutical Company Limited, Gilead Sciences Inc., Amgen Inc., Merck KGaA, Siemens Healthineers AG, Evonik Industries AG, Teva Pharmaceutical Industries Ltd., Lonza Group AG, Catalent Inc., Patheon Pharma Services, Fareva Holding SA, Piramal Enterprises Limited, Hetero Drugs Limited, Siegfried Holding AG, Recipharm AB, Almac Group Limited, Aenova Holding GmbH, Jubilant Pharmova Limited, Cambrex Corporation, International Chemical Investors Group (ICIG) operates under the CordenPharma brand, Ajinomoto Co. Inc., Hovione Holding Ltd., Alcami Corporation
Contents of the report:
1. Executive Summary
2. Oral Solid Dosage Contract Manufacturing Market Report Structure
3. Oral Solid Dosage Contract Manufacturing Market Trends And Strategies
4. Oral Solid Dosage Contract Manufacturing Market - Macro Economic Scenario
5. Oral Solid Dosage Contract Manufacturing Market Size And Growth
…..
27. Oral Solid Dosage Contract Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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