Dublin, Sept. 21, 2021 (GLOBE NEWSWIRE) -- The "Global Pharmaceutical Manufacturing Market Size, Share & Trends Analysis Report by Molecule Type, by Drug Development Type, by Formulation, by Routes of Administration, by Sales Channel, by Age Group, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global pharmaceutical manufacturing market size is expected to reach USD 957.59 billion by 2028, registering a CAGR of 11.34%
The presence of supportive regulatory legislations, patentability norms, and high funding and investments in the pharmaceutical industry are anticipated to drive market growth. In addition, the broadening of preventive care has created significant opportunities in the market.
The high burden of diseases, economic growth leading to a rise in disposable incomes, improvements in healthcare infrastructure, better healthcare financing, and a rise in the geriatric population have spurred the demand for pharmaceutical manufacturing techniques in biotechnology and pharmaceutical companies.
These factors have also prompted many individuals to use medications to improve their quality of life and wellness. In addition, the emergence of new pandemics, viruses, and drug-resistant infections has provided potential avenues for pharmaceutical manufacturers to accelerate their drug production.
Several drug developers have shifted their preferences towards continuous manufacturing approaches to minimize production costs, overcome medicine shortages, and improve efficiencies.
For instance, in March 2021, CONTINUUS Pharmaceuticals announced the construction of the first GMP facility using continuous manufacturing equipment. The company has received a contract from the U.S. government for the production of finished dosage forms and critical APIs.
North America accounted for the highest revenue share in 2029 as the U.S. market represents the largest pharmaceutical industry with a substantial number of drug manufacturers.
Pharmaceutical Manufacturing Market Report Highlights
Conventional drug manufacturing captured a significant revenue share in 2020 owing to the high penetration of small molecules in terms of usage. An increasing number of regulatory approvals has also positively impacted the segment growth
Outsource drug development accounted for the largest revenue share in 2020 due to continuous efforts undertaken by the key service providers to expand their production capacities
The Over-the-Counter (OTC) medicines segment is anticipated to grow at the fastest CAGR from 2021 to 2028 due to the continuous transition from prescription to OTC. This shift from prescription medicines to OTC medicines has potentially benefitted the patients both financially and in terms of better health
The children & adolescents segment is expected to grow at the fastest CAGR from 2021 to 2028 due to the presence of supportive government initiatives that encourage pediatric studies. The Pediatric Research Equity Act and Best Practices for Children Act are among the few initiatives of the FDA that focus on the development of drugs for children
The retail sale channel segment held the maximum revenue share as a large percentage of individuals use a retail pharmacy as their one-stop-shop for pharmaceutical products
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Penetration & Growth Prospect Mapping for Route of Administration, 2020
3.2 Pharmaceutical Manufacturing: Pipeline Analysis
3.3 Pharmaceutical Manufacturing: Medicine Usage and Spending
3.4 Pharmaceutical Manufacturing Market: Impact of COVID-19 Infection
3.4.1 Effects On Supply Chain
3.4.2 Distribution And Logistics Concerns
3.4.3 Pharma Research Into COVID-19
3.5 Pharmaceutical Manufacturing: Regulatory Framework
3.5.1 Regulatory Framework In the U.S.
3.5.2 Regulatory Framework in the Europe
3.5.3 Regulatory Framework in China
3.5.4 Regulatory Framework in India
3.5.5 Regulatory Framework in Brazil
3.6 Market Dynamics
3.6.1 Market Driver Analysis
126.96.36.199 Rise in pharmaceutical R&D spending
188.8.131.52 Advancements in pharmaceutical manufacturing technologies
184.108.40.206 Rise in focus toward healthcare needs in emerging nations
220.127.116.11 increase in geriatric population and incidence of chronic disorders
3.6.2 Market Restraint Analysis
18.104.22.168 Patent expiration of most profitable drugs
22.214.171.124 Pricing pressures on bio/pharmaceutical companies
3.6.3 Market Challenge Analysis
126.96.36.199 Challenges pertaining pharma supply chain
188.8.131.52 Lack of skilled professionals
3.6.4 Market Opportunity Analysis
184.108.40.206 Increase in number of clinical trials
220.127.116.11 increasing Investment and funding programs in pharmaceutical manufacturing industry
3.7 Business Environment Analysis
3.8 Market Strategic Alliances
3.9 Market Entry Strategies
Chapter 4 Molecule Type Business Analysis
4.1 Pharmaceutical Manufacturing Market: Molecule Type Movement Analysis
4.2 Biologics & Biosimilars (Large Molecules)
4.3 Conventional Drugs (Small Molecules)
Chapter 5 Drug Development Type Business Analysis
5.1 Pharmaceutical Manufacturing Market: Drug Development Type Movement Analysis
Chapter 6 Formulation Business Analysis
6.1 Pharmaceutical Manufacturing Market: Formulation Movement Analysis
Chapter 7 Routes Of Administration Business Analysis
7.1 Pharmaceutical Manufacturing Market: Routes of Administration Movement Analysis
Chapter 8 Therapy Area Business Analysis
8.1 Pharmaceutical Manufacturing Market: Therapy Area Movement Analysis
8.2 Cardiovascular Diseases
8.6 Respiratory Diseases
Chapter 9 Prescription Business Analysis
9.1 Pharmaceutical Manufacturing Market: Prescription Movement Analysis
9.2 Prescription Medicines
9.3 Over-the-Counter (OTC) Medicines
Chapter 10 Age Type Business Analysis
10.1 Pharmaceutical Manufacturing Market: Age Type Movement Analysis
10.2 Children & Adolescents
Chapter 11 Sales Channel Business Analysis
11.1 Pharmaceutical Manufacturing Market: Sales Channel Movement Analysis
Chapter 12 Regional Business Analysis
12.1 Pharmaceutical Manufacturing Market: Regional Movement Analysis
Chapter 13 Competitive Landscape
F. Hoffmann-La Roche Ltd.
Thermo Fisher Scientific, Inc.
Fujifilm Diosynth Biotechnologies U.S.A., Inc.
Pharmaceutical Product Development, Llc
Catalent Pharma Solutions
Jubilant Life Sciences Limited
For more information about this report visit https://www.researchandmarkets.com/r/pqxug8
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