Dublin, March 29, 2021 (GLOBE NEWSWIRE) -- The "Pharmaceutical Contract Development and Manufacturing Market (Pharmaceutical, Biologics, Active Pharma ingredients, tablet, Parenteral, Oral Liquid, Semi-Solids), End User (Big Pharma, Small Pharma, Generic Pharma, CRO) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global pharmaceutical contract development and manufacturing market are projected to reach USD 146.1 billion by 2025 from USD 100.7 billion in 2020, at a CAGR of 7.7% during the forecast period.
Market growth is driven mainly by factors such as rising demand for generics, increasing investments in pharmaceutical R&D, and investments in advanced manufacturing technologies by CDMOs. 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 also expected to offer market growth opportunities in the coming years.
The small and medium-sized pharmaceutical companies segment accounted for the highest growth rate in the pharmaceutical contract development and manufacturing market, by end user, during the forecast period
The pharmaceutical contract development and manufacturing market is segmented into big pharmaceutical companies, small & medium-sized pharmaceutical companies, generic pharmaceutical companies, and other end users. The small and medium-sized pharmaceutical companies segment accounted for the highest growth rate in the pharmaceutical contract development and manufacturing market in 2020. This segment's high growth can be attributed to the increasing number of emerging pharmaceutical companies that lack the in-house capabilities to manufacture and develop complex formulations and drug products.
Biologics manufacturing services segment accounted for the highest CAGR
Based on service, the pharmaceutical contract development and manufacturing market is segmented into pharmaceutical manufacturing, biologics manufacturing, and drug development services. In 2020, the biologics manufacturing services segment accounted for the highest growth rate. The major factor driving the growth of this segment is the growing demand for vaccines and biosimilars.
Asia Pacific: The fastest-growing country in the pharmaceutical contract development and manufacturing market
The pharmaceutical contract development and manufacturing market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is projected to register the highest CAGR during the forecast period. This growth can be attributed to factors such as growth in the manufacturing sector, favorable government regulations, growing strategic expansions from leading companies, increasing emphasis on off-patent drugs, and the presence of a highly skilled workforce.
Patent Expiry and Increasing Demand for Generic Drugs
Increasing Investments in Pharmaceutical R&D
Investments in Advanced Manufacturing Technologies by Cdmos
Increasing Demand for Biological Therapies
Growth in the Nuclear Medicine Sector
Growing Demand for Cell and Gene Therapies
Introduction of Serialization
Expansion in Emerging Countries
CDMO Industry Consolidation
Value Chain Analysis
Ecosystem Market Map
Impact of the COVID-19 Pandemic on the Growth of the Pharmaceutical Contract Development and Manufacturing Market
Impact on the Pharmaceutical Contract Development and Manufacturing Market
Lists of Companies Profiled in the Report:
Thermo Fisher Scientific Inc. (US)
Catalent, Inc. (US)
Lonza Group Ltd. (Switzerland)
Recipharm AB (Sweden)
Siegfried Holding AG (Switzerland)
Samsung Biologics (South Korea)
Boehringer Ingelheim International GmbH (Germany)
Piramal Pharma Solutions (India)
Vetter Pharma International GmbH (Germany)
FAMAR Health Care Services (France)
AbbVie Inc. (US)
Aenova Group (Germany)
Almac Group (UK)
Evonik Industries AG (Germany)
Cambrex Corporation (US)
CordenPharma International (Germany)
Albany Molecular Research Inc. (AMRI) (US)
FUJIFILM Corporation (Japan)
For more information about this report visit https://www.researchandmarkets.com/r/my1b1b
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