Generic Pharmaceuticals Contract Manufacturing Market To Reach $90.95 Billion By 2030

Generic Pharmaceuticals Contract Manufacturing Market Growth & Trends

The global generic pharmaceuticals contract manufacturing market size is expected to reach USD 90.95 billion by 2030, registering a CAGR of 9.98% from 2025 to 2030, according to a new report by Grand View Research, Inc. Cost-saving and time-saving benefits associated with the implementation of outsourcing is responsible for driving the industry. A significant number of people globally suffer from chronic diseases. For instance, the CDC states that 6 in 10 adults in the U.S. suffer from at least one chronic disease and 4 in 10 adults suffer from two or more chronic diseases. Chronic diseases are required to be treated for a long time. The high cost of medicines is increasing the demand for cost-effective generic drugs for the treatment of chronic diseases.

This is expected to support the industry's growth post-pandemic. There is an improvement in the regulatory approval of generic drugs. For instance, in 2021, the FDA approved 93 generic drugs, and by October 2022, the regulatory authority approved over 95 generic drugs. Such improvements are expected to have a positive impact on the manufacturing of generic drugs and; thus, support the industry growth. The Japanese government is constantly trying to improve the generic pharmaceuticals market in the country. The government is also taking measures to improve the supply of generics in the country and is also encouraging medical institutes to promote the use of generic drugs.

This is expected to improve CMO activities for generics in the coming years. Global spending on medicines is also on the rise. According to the data provided in a report published by IQVIA in April 2021, global spending on medicine is expected to increase in the next 4-5 years. The report states that global spending on medicine accounted for USD 1, 265 billion in 2020 and is going to reach USD 1,580-1,610 billion by 2025. This is also expected to improve the demand for generic drugs owing to their cost efficiency, thereby supporting the industry in growth.

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Generic Pharmaceuticals Contract Manufacturing Market Report Highlights

• On the basis of drug type segment, the market is segmented into branded generics, and unbranded generics. In 2024, the branded generics segment dominated the market, accounting for a revenue share of 59.40%.

• On the basis of the product segment, the market is segmented to API, and Drug Product. API segment accounted for the largest market share in 2024.

• On the basis of route of administration segment, the market includes oral, parenteral, topical, and others. In 2024, the oral segment dominated the market, accounting for a revenue share of 63.73%.

• On the basis of application segment, the market includes oncology, immunology, antidiabetic, neurology, anticoagulants, cardiovascular, respiratory, pain, HIV antivirals, and others.

• North America accounted for the largest market share of 38.90% in 2024. This can be attributed to the growth of the pharmaceutical industries in the U.S. and Canada.

Generic Pharmaceuticals Contract Manufacturing Market Segmentation

Grand View Research has segmented the global generic pharmaceuticals contract manufacturing market on the basis of drug type, product, route of administration, application and region:

Generic Pharmaceuticals Contract Manufacturing Drug Type Outlook (Revenue, USD Million, 2018 - 2030)

• Branded Generics

• Unbranded Generics

Generic Pharmaceuticals Contract Manufacturing Product Outlook (Revenue, USD Million, 2018 - 2030)

• API

• Drug Product

Generic Pharmaceuticals Contract Manufacturing Route of Administration Outlook (Revenue, USD Million, 2018 - 2030)

• Oral

• Parenteral

• Topical

• Others

Generic Pharmaceuticals Contract Manufacturing Application Outlook (Revenue, USD Million, 2018 - 2030)

• Oncology

• Immunology

• Antidiabetic

• Neurology

• Anticoagulants

• Cardiovascular

• Respiratory

• Pain

• HIV Antivirals

• Others

Generic Pharmaceuticals Contract Manufacturing Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Thailand

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Generic Pharmaceuticals Contract Manufacturing Market

• Jubilant Generics Ltd.

• Recipharm AB

• Siegfried Holding AG

• Aurobindo Pharma

• Cambrex Corp.

• Alcami Corp., Inc.

• Catalent, Inc.

• Acme Generics Pvt Ltd.

• Syngene International Ltd.

• Pfizer CentreOne

• Curia Global, Inc.

• Metric Contract Services