7.1% CAGR of Pharmaceutical Contract Development and Manufacturing Market is Expected to Reach USD 126.6 Billion by 2024- ReportsnReports

Actualizado el 12 de diciembre, 2019 - 11.00hs.

7.1% CAGR of Pharmaceutical Contract Development and Manufacturing Market is Expected to Reach USD 126.6 Billion by 2024- ReportsnReports

PR Newswire

PUNE, India, Dec. 12, 2019 /PRNewswire/ -- The Pharmaceutical Contract Development and Manufacturing Market is expected to reach USD 126.6 billion by 2024 from an estimated USD 90.0 billion in 2019, at a CAGR of 7.1%.  The Pharmaceutical Contract Development and Manufacturing Market report delivers the clean elaborated structure of the Report comprising each and every business related information of the market at a global level. The complete range of information related to the Pharmaceutical Contract Development and Manufacturing Market is obtained through various sources and this obtained bulk of the information is arranged, processed, and represented by a group of specialists through the application of different methodological techniques and analytical tools such as SWOT analysis to generate a whole set of trade based study regarding the Pharmaceutical Contract Development and Manufacturing Market.

The rising demand for generics, increasing investments in pharmaceutical R&D, and investments in advanced manufacturing technologies by CDMOs are the primary growth factors for this market. The increasing demand for biological therapies, growing focus on specialty medicines, growth in the nuclear medicines sector, and advancements in cell and gene therapies are expected to offer significant growth opportunities for players in this market. However, the introduction of serialization and changing trade policies between countries are major market challenges.

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Top Company Profiles analysis in this Report are:
Thermo Fisher Scientific Inc.
Catalent, Inc.
Lonza Group Ltd
Recipharm AB
Vetter Pharma International GmbH
Famar Health Care Services
Abbvie Inc.
Aenova Group
Consort Medical PLC
Almac Group
Siegfried Holding AG
Evonik Industries AG
Boehringer Ingelheim International GmbH

And more..

This report analyzes the market for various pharmaceutical contract development and manufacturing services and their adoption patterns. It aims at estimating the market size and future growth potential of the global pharmaceutical contract development and manufacturing market and its service, end-user, and regional segments. The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, service offerings, and recent developments.

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The biologics manufacturing segment is expected to grow at the highest rate during the forecast period. On the basis of service, the pharmaceutical contract development and manufacturing market is segmented into pharmaceutical manufacturing, biologics manufacturing, and drug development services. The biologics manufacturing segment is projected to witness the highest growth in the pharmaceutical contract development and manufacturing market during the forecast period. Growth in this segment is largely driven by the growing generics market and the impending patent cliff in the pharmaceuticals industry, which have propelled interest towards biologics.

The big pharma end user segment is expected to account for the largest market share in 2019. The big pharma end-user segment holds the largest share of the pharmaceutical contract development and manufacturing market. The emergence of new medicines and therapy forms, pricing pressure, pipeline challenges, and growing opportunities in emerging markets are factors contributing to the larger share of this segment.

The Asia Pacific is likely to be the fastest-growing market for players operating in the pharmaceutical contract development and manufacturing market. Although Europe accounted for the largest share of the global pharmaceutical contract development and manufacturing market in 2018, the Asia Pacific is expected to witness the highest CAGR during the forecast period. The growth of its manufacturing sector, favorable government regulations, expansions by leading companies, increasing emphasis on off-patent drugs, and its highly skilled workforce are factors driving the growth of this regional segment.

Reasons to Buy the Report:

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening their market presence.

This report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the service portfolios offered by the top players in the global pharmaceutical contract development and manufacturing market
  • Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the global pharmaceutical contract development and manufacturing market
  • Market Development: Comprehensive information on the lucrative emerging regions
  • Market Diversification: Exhaustive information about new services, growing geographies, and recent developments in the global pharmaceutical contract development and manufacturing market
  • Competitive Assessment: In-depth assessment of market ranking, growth strategies, revenue analysis, and services of leading players in the global pharmaceutical contract development and manufacturing market

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Table of Contents:

  1. Introduction
  2. Research Methodology
  3. Executive Summary
  4. Premium Insights
  5. Market Overview
  6. Pharmaceutical Contract Development and Manufacturing Market, By Service
  7. Pharmaceutical Contract Development and Manufacturing Market, By End User
  8. Pharmaceutical Contract Development and Manufacturing Market, By Region
  9. Competitive Landscape
  10. Company Profiles
  11. Appendix

Related Report:

Healthcare Contract Management Software Market by Product & Service (Contract Lifecycle Management, Document Management), End-User (Healthcare Providers, Hospitals, Physicians, Payers, Medical Device Manufacturers, Pharma) - Global Forecasts to 2024

The Global Healthcare Contract Management Software Market is projected to reach USD 1,763 million by 2024 from USD 755 million in 2019, at a CAGR of 18.5% during the forecast period. Rising demand for contract management software from healthcare providers, the growing need for healthcare insurance providers to efficiently manage an in-depth record of claims and reimbursements is expected to propel the growth of this market. On the other hand, reluctance to switch from conventional methods and the high costs involved for the implementation of this software restrain market growth to a certain extent.

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