Global Pharmaceutical Contract Manufacturing Market: Overview

Volatile economic conditions in European countries are exerting extensive cost containment pressures on companies in the global pharmaceutical manufacturing market. In such conditions, these companies are compelled to explore new ways to cut down the cost of drug manufacturing. As a result, there is an increasing trend of outsourcing manufacturing facilities. Pharmaceutical players are increasingly depending on contract manufacturing and packaging services to meet their fundamental needs and specified competencies, while fulfilling the stringent regulations. Moreover, these companies are shifting focus from manufacturing the formulated drugs towards research and development of novel drugs to stay relevant in the market. Owing to the aforementioned factors, the global pharmaceutical contract manufacturing market is likely to tread along a healthy growth track over the forecast horizon.

The primary objective of this market intelligence report is to provide in-depth knowledge of the global pharmaceutical contract manufacturing market and its affiliated industries. The report sheds light on the current and future trends of the market. It presents essential insights into the factors influencing the market and the extent to which they impact the growth. There is a detailed coverage of the geographical segmentation of the market in terms of both value and volume. The report also profiles the key players in the global pharmaceutical contract manufacturing market. It includes a SWOT analysis that reveals the potential growth trajectory each prominent player will experience.

Global Pharmaceutical Contract Manufacturing Market: Drivers and Restraints

Over the past few decades, the reliance on medicines and drugs for well-being have increased significantly. With a limited number of blockbuster drugs and growing demand for innovative drugs, large pharmaceutical companies are trying to stay competitive by conducting faster drug development with corresponding cost containment. Additionally, after the regulatory approval of the drug, these companies are left with relatively less time to deliver the drug in the market in substantial quantity. These factors are resulting in greater outsourcing of manufacturing facilities to pharmaceutical contract manufacturers.

Moreover, the influx of small and virtual startups with negligible manufacturing capacity is augmenting the global pharmaceutical contract manufacturing market. The rising number of the U.S. FDA-approved manufacturing facilities in developing countries is also working in favor of the growth of the market.

On the other hand, the capacity utilization issues and lack of manufacturing standardization are affecting the profitability of contract manufacturing organizations. This, in turn, is hampering the overall revenue generation of the market. Furthermore, the increasing logistics costs and lead time are creating skepticism among pharmaceutical companies, which is limiting the global pharmaceutical contract manufacturing market from realizing its full potential. However, the increasing demand for next-generation biological therapies is opening new avenues for the manufacturers in the global market.

Global Pharmaceutical Contract Manufacturing Market: Geographical Segmentation

The key regions studied in the research report are Asia Pacific, Europe, North America, and Rest of the World. North America and Europe are anticipated to represent a large share in the global pharmaceutical contract manufacturing market. The growth of these regions is supplemented by the growing geriatric population and high uptake of biologics. The increasing research activities by biotechnology companies and the rising demand for generics are also contributing to the growth of the regions. The U.S. will be a major revenue contributor in the North America market. The Asia Pacific region is estimated to emerge as a lucrative market during the forecast period owing to the improving healthcare infrastructure and increasing favorable government initiatives.

Companies Mentioned in the Report are:

The majority of the players in the global pharmaceutical contract manufacturing market are pouring funds to enhance their in-house capabilities in order to meet the dynamic needs of today’s marketplace. Mergers and acquisitions activities are among the key strategies adopted by players to strengthen their market position. Large pharmaceutical companies are also forming partnerships with contract manufacturing organizations to achieve vertical integration. Some of the key players in the global pharmaceutical contract manufacturing market are Althea Technologies, Aenova, Dishman Pharmaceuticals and Chemicals Limited, Catalent Pharma Solutions, HAUPT Pharma AG, Famar, Kemwell Pvt. Ltd., Jubilant Life Sciences Limited, Nipro Corp., NextPharma, Recipharm, Pfizer Central Source, and Royal DSM N.V.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Pharmaceutical Contract Manufacturing Market