The global pharmaceutical contract manufacturing/contract research market is anticipated to reach USD 238.3 billion by 2025, according to a new report by Grand View Research, Inc. Impact on the volume of capacity that is required for production due to of increasing expression levels is anticipated to influence outsourcing industry. Increased cell densities as well as increase in expression of each cell has led to the steady decline in the volume requirement. The aforementioned fact provides the client with choices for in selection from several CMOs, which was not the fact earlier.
The focus of large pharmaceutical companies to strategically engage with a small number of preferred providers is a meaningful departure from the procurement-based outsourcing. This was one of the many approaches that the service industry had become accustomed to.
Expanding market for biosimilars and biobetters is anticipated to pronounce the demand for contract development and manufacturing support. Service providers that hold the potential of providing cost as well as quality advantages are set to make inroads and grow at tremendous pace in the forecast period.
However, as drug manufacturers are increasing the investments with respect to production capabilities. This may limit the potential growth of contract manufacturing services to traditional customers thereby hampering industrial growth.
To request a sample copy or view summary of this report, click the link below:
Further Key Findings from the Report Suggest:
Contract manufacturing services estimated to dominate the market over research services
These services are segmented on the basis of development of different forms of formulations. Active Pharmaceutical Ingredient (API) / Bulk drugs registered the largest share of revenue.
Pharmaceutical companies prefer the outsourcing services for API research and manufacture
Factors supportive for this trend includes reduction in the cost of production of APIs
Active molecules from small companies are always acquired by the big pharmaceutical companies
The prominent entities focus on marketing rather than core competencies of production of API in order to maintain presence
Finished dose formulations are expected to register the fastest growth in the coming years
Contract research services for oncology dominated the market and are anticipated to maintain the dominance in the coming years
CMOs/CDMOs with the ability to establish facilities in emerging countries are expected to drive growth
Companies can position themselves for strong growth, given that demand is expected to expand rapidly in the coming years
The major countries include Brazil. Russia, India, and China as the contract service sector is in its infancy in these regions
Key players contributing in this market are AbbVie Contract Manufacturing, Catalent, Grifols International, S.A., Baxter BioPharma Solutions, Boehringer Ingelheim Biopharmaceuticals Gmbh, Dalton Pharma Services, and Patheon.
Companies are engaged in lifecycle management of small-molecule drugs through the development of modified generics with uniquely enhanced properties
Increased competitiveness in the contract service sector is anticipated to ultimately benefit the sector growth
Grand View Research has segmented the pharmaceutical contract manufacturing & contract research market on the basis of service types and region:
Pharmaceutical Contract Manufacturing/Contract Research Market, Service Types Outlook (Revenue, USD Billion, 2014 - 2025)
Manufacturing Services (CMO)
Advanced Drug Delivery Formulations Packaging
Finished Dose Formulations
Research Services (CRO)
Inflammation & Immunology
Pharmaceutical Contract Manufacturing/Contract Research Market Regional Outlook (Revenue, USD Billion, 2014 - 2025)
Middle East and Africa (MEA)
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."