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Pharmaceutical Contract Manufacturing Market provides pin-point analysis for
changing competitive dynamics and a forward looking perspective on different
factors driving or restraining industry growth.
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Contract manufacturing market is witnessing a high growth, as the
pharmaceutical companies are focusing more on R & D of the drugs rather
than manufacturing the formulated drug to stay competitive in the market. The
global pharmaceutical contract manufacturing market was valued at USD 58 billion
in 2016 and is expected to reach USD 90.26 billion by 2022, at a CAGR of 7.64%
over the forecast period 2017 - 2022.
Overview of the Current Pharmaceutical Contract Manufacturing Industry
Companies in the upstream industry are undergoing restructuring so as to focus more on R & D, while stringent regulations on the pharmaceutical industry are compelling the companies to outsource manufacturing of drugs to contract manufacturers and focus on their core business processes. Pharmaceutical companies are increasingly relying on contract manufacturing, research, and packaging services, to fulfill their basic needs and specialized competencies.
The market for global pharmaceutical contract manufacturing by type has been broadly segmented into –
Active pharmaceutical ingredient (API) manufacturing m
Finished Dosage Formulation (FDF) development & manufacturing (sub-segmented further into solid dose formulation, liquid dose formulation & injectable dose formulation)
Secondary market
Overview of the Current Pharmaceutical Contract Manufacturing Industry
Companies in the upstream industry are undergoing restructuring so as to focus more on R & D, while stringent regulations on the pharmaceutical industry are compelling the companies to outsource manufacturing of drugs to contract manufacturers and focus on their core business processes. Pharmaceutical companies are increasingly relying on contract manufacturing, research, and packaging services, to fulfill their basic needs and specialized competencies.
The market for global pharmaceutical contract manufacturing by type has been broadly segmented into –
Active pharmaceutical ingredient (API) manufacturing m
Finished Dosage Formulation (FDF) development & manufacturing (sub-segmented further into solid dose formulation, liquid dose formulation & injectable dose formulation)
Secondary market
By dose formulation type, solid dose formulation constituted more than
40% of the overall pharmaceutical contract manufacturing market in the year
2014, attributing to lower costs of manufacturing, patent compliance and ease
of maintenance. The segment is expected to grow at a CAGR of 3.66% over the
forecast period, while injectable dose segment, will register highest CAGR of
12.37% over the next five years.
The global pharmaceutical contract manufacturing market has been geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
In 2014, the United States was a major market for contract pharmaceutical manufacturing. India is estimated to be the fastest growing market owing to its cost competitiveness and quality manufacturing capabilities.
Factors driving the Pharmaceutical Market-
Growing innovative drugs
Increasing investments in R & D
Pharmaceutical companies opting for less number of vendors to avail the volume advantage and at the same time reduce logistics costs.
Need for minimizing costs and reducing the product development time, without compromising on efficiency or production capability.
The global pharmaceutical contract manufacturing market has been geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
In 2014, the United States was a major market for contract pharmaceutical manufacturing. India is estimated to be the fastest growing market owing to its cost competitiveness and quality manufacturing capabilities.
Factors driving the Pharmaceutical Market-
Growing innovative drugs
Increasing investments in R & D
Pharmaceutical companies opting for less number of vendors to avail the volume advantage and at the same time reduce logistics costs.
Need for minimizing costs and reducing the product development time, without compromising on efficiency or production capability.
Restraints of
the Pharmaceutical Market-
Some of the key impediments hindering the growth of the market are –
In-house packaging
Capacity utilization issues affecting the profitability of contract manufacturing organizations (CMOs)
Increasing lead time & logistics costs
Opportunities of the Pharmaceutical Market-
Huge demand for next-generation biological therapies has opened a gateway of opportunities for pharmaceutical vendors/manufacturers across the globe.
Some of the key impediments hindering the growth of the market are –
In-house packaging
Capacity utilization issues affecting the profitability of contract manufacturing organizations (CMOs)
Increasing lead time & logistics costs
Opportunities of the Pharmaceutical Market-
Huge demand for next-generation biological therapies has opened a gateway of opportunities for pharmaceutical vendors/manufacturers across the globe.
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Some of the
major companies mentioned in the report are -
Aenova
Catalent
Famar
Haupt Pharma
Jubilant
Pfizer Central Source
Recipharm
Vetter
Aenova
Catalent
Famar
Haupt Pharma
Jubilant
Pfizer Central Source
Recipharm
Vetter
Key Deliverables
in the Study
Market analysis for the global pharmaceutical contract manufacturing market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global pharmaceutical contract manufacturing market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insight about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights into the major countries/regions where this industry is growing and also identify the regions that are still untapped.
Market analysis for the global pharmaceutical contract manufacturing market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global pharmaceutical contract manufacturing market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insight about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights into the major countries/regions where this industry is growing and also identify the regions that are still untapped.
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