Global Formulation Development Outsourcing Market was valued at USD 20.15 Billion in 2021 and is expected to reach USD 33.08 Billion by the year 2028, at a CAGR of 7.34%.
The increasing trend of major drugs’ patent protection expiration and the rising number of pharmaceutical and biopharmaceutical companies that are outsourcing their services are expected to fuel the growth of the formulation development outsourcing market, worldwide. For instance, Cancer Research UK has initiatives to promote small molecule drug discovery. It runs a program known as the “Small Molecule Drug Discovery Project Award” and invests in milestone-driven projects at all stages of drug discovery, from target identification/validation to early preclinical studies. It provides funding support for around 12-36 months, with an amount of GBP 100,000 annually.
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The latest research on the Global Formulation Development Outsourcing Market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Formulation Development Outsourcing industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the Formulation Development Outsourcing Market status of the main market players, major trends, and future market development opportunities.
Leading Key Players Covered Formulation Development Outsourcing Market: –
- Charles River Laboratories International Inc.
- Aizant Drug Research Solutions Pvt Limited
- Catalent Inc.
- Laboratory Corporation of America Holdings
- Biocon Limited (Syngene International)
- IRISYS LLC
- Intertek Group PLC
- Piramal Enterprises Ltd
- Quotient Sciences
- Thermo Fisher Scientific Inc. (Patheon)
- Emergent BioSolutions Inc.
- Lonza Group AG
- Aurigene Pharmaceutical Services Ltd
- PCI Pharma Services
- Hermes Pharma
- Pyramid Laboratories Inc and other Major players.
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The Report Will Contains A Crucial Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
- Company Profiling and Competitive Positioning
- Industry Value Chain Analysis
- Market Dynamics and Factors
- Porter’s Five Forces Analysis
- Pestle Analysis
- SWOT Analysis
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Segmentation of Formulation Development Outsourcing Market: –
- Pre-Formulation Services
- Formulation Optimization
- Genetic Disorders
- Infectious Diseases
By Dosage Form
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
COVID-19 Impact on The Formulation Development Outsourcing Market
The ongoing COVID-19 pandemic has slowed down various drug discovery processes, owing to the halting of various clinical trials. However, on a brighter note, pharmaceutical companies can expect generous incentives to invest in developing drugs and vaccines against infectious diseases.
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Additionally, we are offering company profiles for all of the major key companies. Please take the time to visit our company profiles. If you want to do any customized profiling for the companies do let us know.
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