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Formulation Development Outsourcing Market Size, Share, and Analysis, By Service (Pre-formulations and Formulation Development), By Formulation (Oral, Injectable, Topical, and Inhaled), By Application (Oncology, Infectious Diseases, Neurology, Hematology, Respiratory, Cardiovascular, and Dermatology), By End-User (Pharmaceutical Industries, Research and Academic Institutes, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

May 2024 | 437 pages | ID: F42078207FF5EN
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Formulation Development Outsourcing Market Size, Share, and Analysis, By Service (Pre-formulations and Formulation Development), By Formulation (Oral, Injectable, Topical, and Inhaled), By Application (Oncology, Infectious Diseases, Neurology, Hematology, Respiratory, Cardiovascular, and Dermatology), By End-User (Pharmaceutical Industries, Research and Academic Institutes, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Formulation Development Outsourcing Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 7% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 33.9 billion and is projected t%li%reach USD 71.5 billion by the completion of 2034.

Formulation Development Outsourcing refers t%li%the process of hiring external entities or contract research & development firms t%li%manage the development of pharmaceutical or chemical formulations. This outsourcing method enables businesses t%li%utilize the specific expertise of external partners while developing medicine or product compositions. These outsourcing organizations conduct extensive research t%li%discover the ideal combination of ingredients and formulation, which ensures a product's stability and manufacturability. Additionally, companies that outsource formulation development can simplify processes, decrease expenses, and accelerate the time-to-market for new products. Therefore, outsourcing formulation development allows businesses t%li%focus on their core capabilities while benefiting from expertise knowledge and resources for efficient formulation procedures.

MARKET HIGHLIGHTS

Formulation Development Outsourcing Market is projected t%li%reach USD 71.5 billion over the forecast period, due t%li%the rising complexity of drug formulations, combined with high demand for innovative pharmaceuticals and the adoption of affordable strategies by pharmaceutical and biotechnology firms. There has been a considerable increase in outsourcing cooperation as companies are seeking external expertise t%li%improve their formulation methods. Moreover, the global landscape is defined by an abundance of Contract Research Organizations (CROs) and Contract Development and Manufacturing Organizations (CDMOs) that provide specialized formulation services. Furthermore, strict regulatory needs and rapid improvements in pharmaceutical tech are contributing t%li%the growth of formulation development outsourcing market. Consequently, the market is expected t%li%rise steadily, owing t%li%continuous focus of the industry on research & development activities.

Formulation Development Outsourcing Market Segments:
  • By Service
  • Pre-formulations
  • Formulation Development
  • By Formulation
  • Oral
  • Injectable
  • Topical
  • Inhaled
  • By Application
  • Oncology
  • Infectious Diseases
  • Neurology
  • Hematology
  • Respiratory
  • Cardiovascular
  • Dermatology
  • By End-User
  • Pharmaceutical Industries
  • Research and Academic Institutes
  • Others
MARKET DYNAMICS

Growth Drivers

Growing Demand for Specialized Expertise will Create Growth Opportunities

Increased Focus on R&D Efficiency will Lead t%li%Market Expansion

Restraint

Regulatory and Compliance Issues may Impede Industry Growth

Key Players
  • Catalent, Inc.
  • Lonza Group
  • Recipharm AB
  • Evonik Industries AG
  • Patheon
  • Cambrex Corporation
  • Jubilant Life Sciences
  • Aptuit
  • Metrics Contract Services
  • AMRI (Albany Molecular Research Inc.)
  • Curia
  • Charles River Laboratories
  • WuXi AppTec
  • PPD, Inc.
  • Pharmaceutics International, Inc.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3. Formulation Development Outsourcing Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Formulation Development Outsourcing Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.FORMULATION DEVELOPMENT OUTSOURCING MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porters Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.FORMULATION DEVELOPMENT OUTSOURCING MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. FORMULATION DEVELOPMENT OUTSOURCING MARKET SIZE & FORECAST 2024A-2034F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1. By Service
    11.3.1.1. Pre-Formulation
      11.3.1.1.1.By Value (USD Million) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Formulation Development
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Formulation
    11.3.2.1.Oral
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Injectable
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. Topical
      11.3.2.3.1.By Value (USD Million) 2024-2034F
      11.3.2.3.2. Market Share (%) 2024-2034F
      11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.4. Inhaled
      11.3.2.4.1.By Value (USD Million) 2024-2034F
      11.3.2.4.2. Market Share (%) 2024-2034F
      11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By Application
    11.3.3.1.Oncology
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Infectious Diseases
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. Neurology
      11.3.3.3.1.By Value (USD Million) 2024-2034F
      11.3.3.3.2. Market Share (%) 2024-2034F
      11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.4. Hematology
      11.3.3.4.1.By Value (USD Million) 2024-2034F
      11.3.3.4.2. Market Share (%) 2024-2034F
      11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.5. Respiratory
      11.3.3.5.1.By Value (USD Million) 2024-2034F
      11.3.3.5.2. Market Share (%) 2024-2034F
      11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.6. Cardiovascular
      11.3.3.6.1.By Value (USD Million) 2024-2034F
      11.3.3.6.2. Market Share (%) 2024-2034F
      11.3.3.6.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.7. Dermatology
      11.3.3.7.1.By Value (USD Million) 2024-2034F
      11.3.3.7.2. Market Share (%) 2024-2034F
      11.3.3.7.3. Y-o-Y Growth (%) 2024-2034F
  11.3.4.By End-User
    11.3.4.1.Pharmaceutical Industries
      11.3.4.1.1. By Value (USD Million) 2024-2034F
      11.3.4.1.2.Market Share (%) 2024-2034F
      11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. Research and Academic Institutes
      11.3.4.2.1.By Value (USD Million) 2024-2034F
      11.3.4.2.2. Market Share (%) 2024-2034F
      11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.3. Others
      11.3.4.3.1.By Value (USD Million) 2024-2034F
      11.3.4.3.2. Market Share (%) 2024-2034F
      11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA FORMULATION DEVELOPMENT OUTSOURCING MARKET SIZE & FORECAST 2024A-2034F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By Service
  12.3.2. By Formulation
  12.3.3. By Application
  12.3.4. By End-User
12.4. Country
  12.4.1. United States
  12.4.2. Canada

13.EUROPE FORMULATION DEVELOPMENT OUTSOURCING MARKET SIZE & FORECAST 2024A-2034F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Service
  13.3.2. By Formulation
  13.3.3. By Application
  13.3.4. By End-User
13.4.Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC FORMULATION DEVELOPMENT OUTSOURCING MARKET SIZE & FORECAST 2024A-2034F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By Service
  14.3.2. By Formulation
  14.3.3. By Application
  14.3.4. By End-User
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA FORMULATION DEVELOPMENT OUTSOURCING MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Service
  15.3.2. By Formulation
  15.3.3. By Application
  15.3.4. By End-User
15.4.Country
  15.4.1. Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4.South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA FORMULATION DEVELOPMENT OUTSOURCING MARKET SIZE & FORECAST 2024A-2034F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By Service
  16.3.2. By Formulation
  16.3.3. By Application
  16.3.4. By End-User
16.4.Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. Catalent, Inc.
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. Lonza Group
18.3. Recipharm AB
18.4. Evonik Industries AG
18.5. Jubilant Life Sciences
18.6. Patheon
18.7. Cambrex Corporation
18.8. Aptuit
18.9. Metrics Contract Services
18.10.AMRI (Albany Molecular Research Inc.)
18.11.Curia
18.12. Charles River Laboratories
18.13. WuXi AppTec
18.14.PPD, Inc.
18.15. Pharmaceutics International, Inc.
18.16. Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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