The report titled “Pharmaceutical Contract Development and Manufacturing Market” sheds a concentrated focus on the Pharmaceutical Contract Development and Manufacturing industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.
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The Pharmaceutical Contract Development and Manufacturing market is expected to reach USD 126.6 Billion by 2024 from an estimated USD 90.0 Billion in 2019, at a CAGR of 7.1%.
#Key Players- Thermo Fisher Scientific (US), Catalent(US), Lonza Group Ltd (Switzerland), Recipharm AB (Sweden), Vetter Pharma International GMBH (Germany), FAMAR Health Care Services (Greece), AbbVie (US), Aenova Group (Germany), Consort Medical plc (UK), Almac Group (UK), and Siegfried Holding AG (Switzerland).
“The biologics manufacturing segment is expected to grow at the highest rate during the forecast period.”
On the basis of service, the pharmaceutical contract development and manufacturing market is segmented into pharmaceutical manufacturing, biologics manufacturing, and drug development services. The biologics manufacturing segment is projected to witness the highest growth in the pharmaceutical contract development and manufacturing market during the forecast period.
“The big pharma end user segment is expected to account for the largest market share in 2019.”
The big pharma end-user segment holds the largest share of the pharmaceutical contract development and manufacturing market. The emergence of new medicines and therapy forms, pricing pressure, pipeline challenges, and growing opportunities in emerging markets are factors contributing to the larger share of this segment.
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