News Pharma & Biotechnology

Pharmaceutical Contract Development & Manufacturing Market Set to Witness Growth Worldwide during 2021-2028 By AbbVie Inc., Almac Group, Catalent, Inc., Evonik

Pharmaceutical contract development & manufacturing services refer to the process of development of drugs or APIs. With an increase in R&D expenditure and manufacturing costs, there has been a rise in the preference for development and manufacturing of pharmaceutical products on a contract basis. The increase in the number of pharmaceutical companies is expected to drive the growth of the market during the forecast period.

The pharmaceutical contract development & manufacturing market is anticipated to grow in the forecast, owing to increasing investments in pharmaceutical R&D and investments in advanced manufacturing technologies by CDMOs. Also, increasing focus on specialty medicines is expected to offer significant growth opportunities in the market during the forecast period.

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The Prominent/Emerging Players in the Pharmaceutical Contract Development & Manufacturing Market Research include:

AbbVie Inc.
Almac Group
Catalent, Inc.
Evonik
Lonza
Recipharm AB (publ)
Siegfried AG
The Aenova Group
Thermo Fisher Scientific Inc.
Vetter

The global pharmaceutical contract development & manufacturing market is segmented on the basis of service and end user. Based on service the market is segmented as, drug development services, biologics manufacturing services, and pharmaceutical manufacturing services. The pharmaceutical contract development & manufacturing market is categorized based on end user such as, generic pharmaceutical companies, small & mid-size pharmaceutical companies and big pharmaceutical companies.

Product Benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic Initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.

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Prashant Tambe
Prashant Tambe
An expert in SEO, Prashant carries an experience of over five years in the industry. He has the ability to analyze global industry trends that helps the leaders to make smarter decisions. An electrical, electronics and communication engineer, Prashant is able to predict future trends as they are changing fast with technological development.