Published on : Mar 19, 2018
Albany, New York, March 19, 2018: A new research report, added to the repository of Market Research Hub (MRH), is titled ‘Global Markets for Contract Pharmaceutical Manufacturing, Research and Packaging’. The report highlights current market status of contract pharmaceutical manufacturing as well as its forecast for the upcoming years. The report suggests that global contract pharmaceutical manufacturing market is anticipated to register a market value of over US$ 350 Bn by the end of 2019, growing at a robust CAGR of 7.3%.
Contract Pharmaceutical Manufacturing: Overview
There are a number of product developments taking place in the global pharmaceuticals industry. Companies are looking for ways to enhance their research and development process and also come up with innovative products. This requires a balance in the process of manufacturing and research for which companies may take assistance of contract manufacturing for pharmaceuticals. Usually contract manufacturing involves giving contract to other firms for manufacturing of a particular component or product, this may be also known as contract packager or co-packager. The new research report is intended to focus solely on the pharmaceutical manufacturing done on contract basis in the global market. It records the demand prevailing in the market and various factors impacting its growth, such as drivers that are triggering the growth of market, restraints that are limiting the growth, and upcoming opportunities that may be available to the businesses in coming years.
Contract Pharmaceutical Manufacturing: Market Segmentation
The research report includes a segmentation on the basis of different parameters such as, region, formulation, manufacturing type and dosage type. Among these segments, the research report highlights the dominance of contract manufacture of OTC and nutraceuticals which registered a market value of over US$ 130 Bn in 2016, and is projected to reach a value of more than US$ 190 Bn th end of 2019, rising at a CAGR of 6.8% during the period of 2014-2019. Contract research segment is also expected to be a lucrative segment for the market players which is expected to reach a value of more than US$ 70 Mn by the end of 2019, witnessing an exceptional CAGR of 11.4% during the forecast period of 2014-2019. The segments and its individual analysis helps in easy understanding and examination.
Contract Pharmaceutical Manufacturing: Competitive Landscape
The research analysis is based on the current scenario of global contract pharmaceutical manufacturing market. It includes the key players or leading companies that are standing strong in the global market and are expected to dominate in the coming years. The report briefs complete profile of all these major companies, depicting their developments in the industry and future strategies. Some of these major companies included in the report are:
Hovione S.A, Icon Plc, Recipharm Ab, Inc Research, Inc., Jubilant Life Sciences Ltd., Kp Pharmaceutical Technology Inc., Ligand Pharmaceuticals, Inc., Lonza Group LtdLyne Laboratories Inc., Mallinckrodt Pharmaceuticals, Meadwestvaco Corp., Mikart Inc, Nextpharma Technologies, Norwich Pharma Services, Novavax, Inc., Packaging Coordinators Inc., Parexel International Corp., Patheon Inc., Perrigo Company Plc, Pfizer Centresource, Piramal Enterprises Ltd., Ppd (Pharmaceutial Product Development Llc), Pra Health Sciences, Quintiles, Ranbaxy Laboratories Ltd.
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