Oral Solid Dosage Contract Manufacturing Global Market 2024 - Growth Opportunities, Top Countries, Future Trends, Revenue And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Oral Solid Dosage Contract Manufacturing Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to the growing global population, prevalence of chronic diseases, and rise in focus on research and development.

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%. The growth in the forecast period can be attributed to increasing outsourcing by pharmaceutical companies, advancements in drug delivery technology, and increasing drug development activities. Major trends in the forecast period include advancements in drug delivery technology, integration of 3D printing, and advancements in controlled-release technologies.

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Market Drivers and Trends:

An increase in consumer inclination toward vegan diets is expected to propel the growth of the organic edible nuts and seeds market going forward. Vegan diets exclude all animal products, including meat, dairy, eggs, and honey. The consumer inclination toward vegan diets concerns about animal welfare, environmental sustainability, health benefits, and growing awareness of the negative impacts of animal agriculture. Organic edible nuts and seeds are plant-based sources of protein, healthy fats, and nutrients to support dietary preferences while prioritizing sustainability and ethical consumption practices. For instance, in April 2023, according to a report published by The Plant-Based Foods Association, a US-based trade association representing the plant-based food industry, plant-based foods accounted for $8 billion in U.S. retail sales in 2022, representing an increase of approximately 6.67% from $7.5 billion in 2021. Therefore, increasing consumer inclination toward vegan diets drives the organic edible nuts and seeds market.

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.

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Major Key Players of the Market:

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

Oral Solid Dosage Contract Manufacturing Market 2024 Key Insights:

• 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%.
• Increasing Demand For Generic Drugs Fuels Growth In The Oral Solid Dosage Contract Manufacturing Market
• Companies In Oral Solid Dosage Contract Manufacturing Market Focus On Innovative Solutions To Stay Competitive
• Asia Pacific was the largest region in the oral solid dosage contract manufacturing market in 2023

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