Contract Manufacturing of Injectable Drug Market: Corporate Alliances to Remain Staple Growth Propellant
Contract manufacturing of injectable drugs market is witnessing favorable growth backed by massive demands and drug maker preferences for operational efficiency, while reducing financial burden manifold.
The global contract manufacturing of injectable drugs market was valued at USD 12.5 billion in 2018 and is expected to grow at a CAGR of 11.3% over the forecast period. Increasing prevalence of chronic diseases, fostering demand for biologics in coming years along with patent cliff are key factors driving the growth of the global contract manufacturing of injectable drugs market.
Additionally with contract manufacturing and outsourced production, drug makers may easily outsource bulk production projects, mainly generic production, and instead focus expensively on high end clinical trials and pipeline projects targeting specialized drug and injectable formulation for critical, hard to cure ailments. These crucial market relevant information have been extracted from Adroit Market Research’s extensive database of high end research offerings that are potent to trigger massive growth thrust.
With global economy reeling under intense pressure, the global healthcare industry rather is a green spot with ample scope for diversification. This is further fueled by the global pandemic that has effectively beckoned massive innovations in drug making and injectable. Contract manufacturing for injectable drugs market is also a hotbed for new commercial alliances, mergers and acquisitions to support production versatility and harbor ample competitive edge.
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Contract manufacturing for injectable drugs is a different ballgame altogether as these organizations have robust technological excellence. ample skilled professionals as well as state-of-the art facilities to carry out extensive R&D expeditions and production. Several CMO organizations are specifically designed for the production of rare life-saving drugs targeted for rare and critical diseases.
Oncology is an attractive market to develop drugs for, as there is high unmet need, translating to considerable opportunity for market penetration and generating substantial product revenues. Globally, cancer is the second leading cause of death which was responsible for over 9 million deaths in the year 2018. The serious, aggressive nature of cancer and the lack of curative treatments contribute to poor patient prognosis and low overall survival. Therefore, immediate treatment is crucial. This has led to the traditional use of potent, standard of-care treatments, such as chemotherapy and radiotherapy, which are associated with toxic side effects.
The prominent players operating in global contract manufacturing of injectable drugs market includes Jubilant Life Sciences, Ltd., Boehringer Ingelheim, Pfizer CentreOne, Aenova Group, Baxter Biopharma Solutions, Recipharm AB, Lonza, Famar Health Care Services, Patheon Inc., Catalent Inc, Almac Group, Evonik Industries AG, Siegfried Holding AG, Consort Medical Plc, and Grifols SA.
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Key segments of the global contract manufacturing of injectable drugs market
Type Overview, 2015-2025 (USD Million)
Sterilization Technologies Overview, 2015-2025 (USD Million)
- Chemical & Gas Sterilization
- Filtration Sterilization
- Radiation Sterilization
- Thermal Sterilization
Application Overview, 2015-2025 (USD Million)
Regional Overview, 2015-2025 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Central and South America
- Rest of Central and South America
- Middle East & Africa
- Rest of Middle East and Africa
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What does the report include?
- The study on the global contract manufacturing of injectable drugs market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
- Additionally, the market competition has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of applications, product, technology and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global contract manufacturing of injectable drugs market is suitable for all the players across the value chain including raw material suppliers, contract manufacturing of injectable drugs providers, pharmaceutical and medical device manufacturers, distributors, suppliers and retailers
- Venture capitalists and investors looking for more information on the future outlook of the global contract manufacturing of injectable drugs market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global contract manufacturing of injectable drugs market
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