11 September 2018
A new report by visiongain forecasts that the world pharmaceutical contract manufacturing services industry will achieve revenues of $83.9bn in 2020, with strong potential for further growth to 2026. Revenues of those active pharmaceutical ingredient (API) manufacturing submarkets and finished dose form (FDF) production submarkets will expand from 2016 to 2026 as demand for outsourced manufacturing increases globally and more companies opt for the cost-saving that outsourcing provides. That prediction and others appear in Pharmaceutical Contract Manufacturing Market 2016-2026: Discover Revenue Forecasts for Active Ingredient (API) and Finished Dose Formulation (FDF) Services.
Visiongain, a business information publisher and consultancy in London, UK, released that updated study in March 2016. That survey analyses events, prospects and opportunities shaping the development, production and sale of contract manufacturing services. The new investigation shows multilevel revenue forecasting, qualitative analyses and interviews. It also assesses leading companies – their strategies, expansions and acquisitions. Visiongain’s purpose there is to help organisations explore the potentials of pharma contract manufacturing services.
That study finds that contract API manufacturing services accounted for the largest proportion of contract manufacturing organisation (CMO) revenue in 2015. This will continue to be the case throughout the period 2016 to 2026. In particular, demand will be strong for HPAPIs (highly potent APIs) in developed national markets, due to the launch of new biologics. That trend encourages CMOs to invest in upgrading their facilities to offer biologics manufacturing capacity for HPAPIs. Although generic APIs will remain as the main contributor in that production services industry, demand for highly potent APIs (HPAPIs) in particular will increase in this forecast period, with a revenue growth CAGR of 7.5%. The fastest growth in the worldwide contract manufacturing market will come from the contract FDF manufacturing sector. That submarket’s revenues will grow with a CAGR of 6.9% between 2014 and 2026, the study finds.
Mashael Zaidi, a pharmaceutical industry analyst in visiongain, said: “Growth in the pharmaceutical contract manufacturing services industry will continue to increase as outsourcing becomes indispensable to both large and smaller pharma companies. As interest in biologics rises, CMOs will invest in facilities that can provide production services to accommodate this trend. CMOs wishing to be selected for outsourcing partnerships must offer not only cost-savings but also expertise, quality, high regulatory standards of GMP compliance, consistent services, and most importantly good communication.
That rising market has attracted interest from pharma companies big and small, a trend likely to continue. Although the developed national markets will continue to lead during the forecast period, visiongain predicts expansion at high growth rates in contract manufacturing revenue from 2016 to 2026 in the emerging national markets.”
In that updated report visiongain defines the contract manufacturing market as all services related to drug manufacturing, including process and formulation development, but excluding drug development services. Although secondary packaging services are also supplied by some CMOs, these have not been considered for the purposes of this report.
Visiongain’s new investigation shows revenue predictions to 2026 for pharmaceutical contract manufacturing services at overall world market, submarket and national level. First it forecasts the overall world market for contract manufacturing services for pharmaceutical companies.
The report then forecasts revenues and discusses drivers and restraints of the following three main contract manufacturing services sectors at world level to 2026:
• API manufacturing
• FDF manufacturing
• Other services.
That study next examines drivers and restraints and forecasted revenues for the following three submarkets for the contract API manufacturing services sector to 2026.
• Generics APIs
• Other APIs.
The report also examines drivers and restraints and forecasted revenues for the following three submarkets for the contract FDF manufacturing services sector to 2026:
• Solid dosages
• Injectable dosages
• Other dosages.
Furthermore the work analyses leading developed national markets and prominent emerging national markets for contract manufacturing services. It shows revenue forecasts to 2026 for each of the following 12 countries, also examining regulatory developments and demand:
• United States (US)
• Germany, France, UK, Italy, Spain (EU5)
• Brazil, Russia, India and China (BRIC)
• South Korea.
Visiongain’s new survey also explores 10 leading companies. That investigation discusses facilities, capacity, expansions, mergers and collaborations:
• Evonik Degussa
• DPx Holdings
• Boehringer Ingelheim BioXcellence
• Vetter Pharma
Pharmaceutical Contract Manufacturing Market 2016-2026: Discover Revenue Forecasts for Active Ingredient (API) and Finished Dose Formulation (FDF) Services adds to visiongain’s reports on industries and markets in healthcare. That portfolio covers pharmaceuticals, biotechnology, medical devices, diagnostics and outsourced services.
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