Global Pharmaceutical Contract Development and Manufacturing Market Overview:
The pharmaceutical industry is having a major share in contract manufacturing. The reason is that buying equipment for the mass production of certain chemicals is very costly, and some companies can't do it. Pharmaceutical contract development and manufacturing organizations offer one-stop solutions from development to manufacturing to all the pharmaceutical and medical device companies on a contract basis. Most of the small-sized pharmaceutical and biopharmaceutical companies prefer outsourcing their development and manufacturing organization activities due to a lack of internal capabilities. In addition, favourable regulatory affairs in developing economies and assurance of quality services are other major drivers for contract development and the manufacturing organization market. Most of the pharmaceutical and biopharmaceutical companies are outsourcing their manufacturing activities to CDMOs in order to meet the rising demand for small molecules and biologics in emerging countries. This is expected to drive market growth over the estimated period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Thermo Fisher Scientific Inc. (United States), Catalent, Inc. (United States), Lonza Group Ltd (Switzerland), Recipharm AB (Sweden), Vetter Pharma International GMBH (Germany), FAMAR Health Care Services (Greece), AbbVie Inc. (United States), Aenova Group (Germany), Consort Medical plc (United Kingdom) and Almac Group (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Increasing Investments in Pharmaceutical R&D
- Growing Demand for Generics
- The increasing number of small and medium-sized pharmaceutical companies
Roadblocks
- Lack of Control over that product
Opportunities
- Asia-Pacific is expected to witness the highest growth in the CRO market, owing to the low cost offered by the region, as compared to the United States and other developed economies
- The growing outsourcing trend by small and large pharmaceutical companies represents a promising opportunity for Contract Development and Manufacturing Organizations As pharma shifts its focus to more research and development and less in-house manufacturing,
Challenges
- Capacity Constraints and Loss of Flexibility and Responsiveness
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Thermo Fisher Scientific Inc. (United States), Catalent, Inc. (United States), Lonza Group Ltd (Switzerland), Recipharm AB (Sweden), Vetter Pharma International GMBH (Germany), FAMAR Health Care Services (Greece), AbbVie Inc. (United States), Aenova Group (Germany), Consort Medical plc (United Kingdom) and Almac Group (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Siegfried Holding AG (Switzerland), Boehringer Ingelheim International GmbH (Germany) and Evonik Industries AG (Germany). Analyst at AMA Research see Germany Players to retain maximum share of Global Pharmaceutical Contract Development and Manufacturing market by 2027. Considering Market by Services, the sub-segment i.e. Pharmaceutical Manufacturing Services will boost the Pharmaceutical Contract Development and Manufacturing market. Considering Market by Manufacturing type, the sub-segment i.e. Primary manufacturing (drug substances) will boost the Pharmaceutical Contract Development and Manufacturing market. Considering Market by Type , the sub-segment i.e. Supplier (original equipment manufacturer) will boost the Pharmaceutical Contract Development and Manufacturing market.
In October 2019 ANI launches the CDMO arm after WellSpring integration, the launch of the brand demonstrates the progress that the company has made since the WellSpring acquisition. The newly-established business was presented at the CPhI Worldwide event in Frankfurt, Germany.
What Can be Explored with the Pharmaceutical Contract Development and Manufacturing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Pharmaceutical Contract Development and Manufacturing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Pharmaceutical Contract Development and Manufacturing
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pharmaceutical Contract Development and Manufacturing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pharmaceutical Contract Development and Manufacturing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Pharmaceutical Contract Development and Manufacturing Providers, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.