Pharmaceutical Contract Manufacturing Market To Reach USD 146.41 billion by 2023
Global Pharmaceutical Contract Manufacturing Market - Segmented By Service Type (API, FDF (Solid Dose, Liquid Dose, Injectable Dose), Secondary Packaging, Geography - Growth, Trends, And Forecasts (2018 - 2023)
(EMAILWIRE.COM, February 21, 2018 ) The Global Pharmaceutical Contract Manufacturing Market was valued at USD 92.314 billion in 2017. This market is expected to reach USD 146.41 billion by 2023, at a CAGR of 8.08% during the forecast period (2018 - 2023).
Browse details of 110 pages research report developed on “Global Pharmaceutical Contract Manufacturing Market” @ https://www.researchcosmos.com/reports/global-pharmaceutical-contract-manufacturing-market-segmented-by-service-type-api-fdf-solid-dos/7482434
Owing to the growing demand for generic medicines and biologics, capital-intensive nature of the business, and complex manufacturing requirements, many pharmaceutical companies have identified the potential profitability in contracting with a CMO (contract manufacturing outsourcing) for both clinical and commercial stage manufacturing.
Moreover, the pharmaceutical companies have been directing their priorities toward the core areas of competency, and hence, prefer not to dispense available resources, expertise, and technology on formulating the final dose of medicines. The biggest factor driving the growth of CMOs in the pharmaceutical industry is the growing need for state-of-the-art processes and production technologies, which have proven highly effective in meeting regulatory requirements. However, factors, such as stringent regulations and high logistics costs are restraining the market.
Increasing Investments on R&D to Drive the Market Growth
Greater technological complexity in drug development and greater specificity in disease targets have helped raise average R&D costs, as firms now identify drugs with particular molecular characteristics as opposed to using trial-and-error methods to find compounds that work in some desired way. A major stake of R&D investments, as well as capacity expansions, are likely in the injectable and sterile liquid dose formulations segment. Small biotech firms get access to specialized knowledge and resources, which help them expedite their R&D activities. Thus, CRO/CMOs are able to leverage their expertise, owing to their R&D and complex manufacturing capabilities, to fill the needs of the large generic, big pharmaceutical and biotech companies.
API to Dominate the Market, by Service Type
Due to restructuring of the pharmaceutical industry, API CMOs are expected to witness a strong surge in demand, particularly in the generics sector. Additionally, regulatory developments in the markets would let generic drug companies develop and manufacture products for export, worldwide. However, demand for specialized technologies and improvements in pharmaceutical manufacturing capabilities, could steer some companies to return to sourcing their APIs from suppliers.
Avail Sample Market Brochure of the report for more information to evaluate report usefulness, Get a Copy @ https://www.researchcosmos.com/request/7482434
Owing to the Hydroelectricity Concerned Activities in the United States, Utility Sector Accounts for the Largest Share
Generic drugs have a huge opportunity of growth for the CMOs of North America. Traditionally, the CMOs of this region are unwilling to take risks about generics that produce low margins. However, as growing prices push more companies to enter into dermatology products, CMOs with semisolid capabilities are benefitting from strong generics demand. These generic drug companies are also turning more toward CMOs with injectable capabilities to overcome shortage, and to address issues relating to offshore supplies. In addition, the development of super generics are leveraging CMOs with niche dosage forms, like transdermal and inhalation technologies. High cost of production is the main factor for the decline in the market in North America, wherein, an increased number of companies are setting up manufacturing facilities in the emerging countries, or operating through contract manufacturing.
Recent Developments
• October 2017: Catalent Inc., had acquired Cook Pharmica LLC, an integrated provider of drug substance and drug product manufacturing and related services. This acquisition strengthened Catalent’s position as a leader in biologics development and analytical services, manufacturing and finished product supply. Their complementary capabilities and expertise will help customers accelerate biologic drug development programs and bring better treatments to patients, worldwide.
• June 2017: Recipharm, a leading contract development and manufacturing organization (CDMO) and Kancera, a development company focused on cancer therapy, have signed a contract for the development and manufacture of the pharmaceutical candidate, KAND567.
Major Players: CATALENT INC., RECIPHARM AB, JUBILANT LIFE SCIENCES LTD, PATHEON INC., BOEHRINGER INGELHEIM, PFIZER CENTRESOURCE, AENOVA, FAMAR, BAXTER BIOPHARMA SOLUTIONS, AND LONZA, amongst others.
Got Some Questions, Inquire @ https://www.researchcosmos.com/inquire/7482434
Reasons to Purchase this Report
• Analysis of how the market scenario of pharmaceutical CMO is changing.
• Analysis of various perspectives of the market with the help of Porter’s five forces analysis.
• The security technology, services, and vertical that are expected to dominate the market.
• The regions that are expected to witness the fastest growth during the forecast period.
• Identify the latest developments, market shares, and strategies employed by the major market players.
• 3 months analyst support, along with the Market Estimate sheet (in excel).
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Need Customization, Discuss Your Requirements With Our Analyst @ https://www.researchcosmos.com/customization/7482434
About Research Cosmos:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Kevin Stewart
Sales Manager
Research Cosmos
www.researchcosmos.com
kevin@researchcosmos.com
# +1 888 709 8757
Browse details of 110 pages research report developed on “Global Pharmaceutical Contract Manufacturing Market” @ https://www.researchcosmos.com/reports/global-pharmaceutical-contract-manufacturing-market-segmented-by-service-type-api-fdf-solid-dos/7482434
Owing to the growing demand for generic medicines and biologics, capital-intensive nature of the business, and complex manufacturing requirements, many pharmaceutical companies have identified the potential profitability in contracting with a CMO (contract manufacturing outsourcing) for both clinical and commercial stage manufacturing.
Moreover, the pharmaceutical companies have been directing their priorities toward the core areas of competency, and hence, prefer not to dispense available resources, expertise, and technology on formulating the final dose of medicines. The biggest factor driving the growth of CMOs in the pharmaceutical industry is the growing need for state-of-the-art processes and production technologies, which have proven highly effective in meeting regulatory requirements. However, factors, such as stringent regulations and high logistics costs are restraining the market.
Increasing Investments on R&D to Drive the Market Growth
Greater technological complexity in drug development and greater specificity in disease targets have helped raise average R&D costs, as firms now identify drugs with particular molecular characteristics as opposed to using trial-and-error methods to find compounds that work in some desired way. A major stake of R&D investments, as well as capacity expansions, are likely in the injectable and sterile liquid dose formulations segment. Small biotech firms get access to specialized knowledge and resources, which help them expedite their R&D activities. Thus, CRO/CMOs are able to leverage their expertise, owing to their R&D and complex manufacturing capabilities, to fill the needs of the large generic, big pharmaceutical and biotech companies.
API to Dominate the Market, by Service Type
Due to restructuring of the pharmaceutical industry, API CMOs are expected to witness a strong surge in demand, particularly in the generics sector. Additionally, regulatory developments in the markets would let generic drug companies develop and manufacture products for export, worldwide. However, demand for specialized technologies and improvements in pharmaceutical manufacturing capabilities, could steer some companies to return to sourcing their APIs from suppliers.
Avail Sample Market Brochure of the report for more information to evaluate report usefulness, Get a Copy @ https://www.researchcosmos.com/request/7482434
Owing to the Hydroelectricity Concerned Activities in the United States, Utility Sector Accounts for the Largest Share
Generic drugs have a huge opportunity of growth for the CMOs of North America. Traditionally, the CMOs of this region are unwilling to take risks about generics that produce low margins. However, as growing prices push more companies to enter into dermatology products, CMOs with semisolid capabilities are benefitting from strong generics demand. These generic drug companies are also turning more toward CMOs with injectable capabilities to overcome shortage, and to address issues relating to offshore supplies. In addition, the development of super generics are leveraging CMOs with niche dosage forms, like transdermal and inhalation technologies. High cost of production is the main factor for the decline in the market in North America, wherein, an increased number of companies are setting up manufacturing facilities in the emerging countries, or operating through contract manufacturing.
Recent Developments
• October 2017: Catalent Inc., had acquired Cook Pharmica LLC, an integrated provider of drug substance and drug product manufacturing and related services. This acquisition strengthened Catalent’s position as a leader in biologics development and analytical services, manufacturing and finished product supply. Their complementary capabilities and expertise will help customers accelerate biologic drug development programs and bring better treatments to patients, worldwide.
• June 2017: Recipharm, a leading contract development and manufacturing organization (CDMO) and Kancera, a development company focused on cancer therapy, have signed a contract for the development and manufacture of the pharmaceutical candidate, KAND567.
Major Players: CATALENT INC., RECIPHARM AB, JUBILANT LIFE SCIENCES LTD, PATHEON INC., BOEHRINGER INGELHEIM, PFIZER CENTRESOURCE, AENOVA, FAMAR, BAXTER BIOPHARMA SOLUTIONS, AND LONZA, amongst others.
Got Some Questions, Inquire @ https://www.researchcosmos.com/inquire/7482434
Reasons to Purchase this Report
• Analysis of how the market scenario of pharmaceutical CMO is changing.
• Analysis of various perspectives of the market with the help of Porter’s five forces analysis.
• The security technology, services, and vertical that are expected to dominate the market.
• The regions that are expected to witness the fastest growth during the forecast period.
• Identify the latest developments, market shares, and strategies employed by the major market players.
• 3 months analyst support, along with the Market Estimate sheet (in excel).
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Need Customization, Discuss Your Requirements With Our Analyst @ https://www.researchcosmos.com/customization/7482434
About Research Cosmos:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Kevin Stewart
Sales Manager
Research Cosmos
www.researchcosmos.com
kevin@researchcosmos.com
# +1 888 709 8757
Contact Information:
Research Cosmos
Dani Rodriguez
Tel: +1 888 709 8757
Email us
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Research Cosmos
Dani Rodriguez
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results