North America Pharmaceutical contract Manufacturing Market Analysis


Posted February 21, 2024 by richas

Pharmaceutical contract development and manufacturing organizations (CDMOs) partner with pharmaceutical companies and offer contract-based manufacturing and drug development services.
 
The North America Pharmaceutical Contract Development and Manufacturing Market is expected to reach $105.42 billion by 2030 at a CAGR of 7.1% from 2023 to 2030. Pharmaceutical contract development and manufacturing organizations (CDMOs) partner with pharmaceutical companies and offer contract-based manufacturing and drug development services. CDMOs handle everything from pre-formulation and formulation development to clinical trials and manufacturing. Pharmaceutical companies opt for CDMOs because of the benefits such as reduced labor, cost, high product quality, faster time, and resource savings.
The growth of the North America pharmaceutical contract development and manufacturing market is attributed to the complex manufacturing requirements of the pharmaceutical industry, manufacturers’ growing inclination towards the use of cutting-edge technologies, patent expiration, increasing investments in pharmaceutical R&D, and the rising demand for generic medicines & biologics.
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The pharmaceutical industry is largely driven by scientific discovery, development, and toxicological and clinical experience. Pharmaceutical manufacturing operations may be categorized as primary production of bulk drug substances (APIs) and manufacturing of dosage form products (formulations).
In addition to the complexity of the pharmaceutical manufacturing process, many countries globally have specific legal protections for proprietary drugs and manufacturing processes, known as intellectual property rights. When legal protections are limited or nonexistent, some companies specialize in manufacturing and marketing generic drugs. The pharmaceutical industry requires large capital investments due to the high expenses associated with R&D, regulatory approvals, manufacturing, quality assurance & control, marketing, and sales.
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Next-generation medicines, such as cell and gene therapy, provide significant opportunities for growth in CRO and CDMO marketplaces. Gene therapy alters the genes to cure disease or improve the body's ability to fight disease. Also, cell therapy is a therapy in which viable cells are injected, grafted, or implanted into a patient to effectuate a medicinal effect. Potential applications of cell therapies include treating cancers, autoimmune diseases, urinary problems, and infectious diseases, rebuilding damaged cartilage in joints, repairing spinal cord injuries, improving a weakened immune system, and helping patients with neurological disorders.
As of 2023, there are 32 cell or gene therapy products approved in the U.S. for cancer, eye diseases, and rare hereditary diseases. Also, many therapies are in pre-clinical stages and are expected to enter the clinical trials pipeline. Gene therapies under development are designed to address defects in the genetic code, which cause a wide range of diseases.
North America Pharmaceutical Contract Development and Manufacturing Market: Future Outlook
The North America pharmaceutical contract development and manufacturing market is segmented by Type (Pharmaceutical Manufacturing Services {Active Pharmaceutical ingredient (API) Manufacturing Services and Finished Dosage Forms (FDF) Manufacturing Services [Parenteral/Injectable Manufacturing Services, Tablet Manufacturing Services, Capsule Manufacturing Services, Oral Liquid Manufacturing Services, and Other Formulations]}, Drug Development Services, and Biologics Manufacturing Services {Active Pharmaceutical ingredient (API) Manufacturing Services and Finished Dosage Forms (FDF) Manufacturing Services}), End User (Large Pharmaceutical Companies, Small & Mid-Size Pharmaceutical Companies, and Generic Pharmaceutical Companies), and Countries. The study also evaluates industry competitors and analyzes their market share at the country level.
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Among all types studied in this report, in 2023, the pharmaceutical manufacturing services segment is expected to account for the largest share of the North America pharmaceutical contract development and manufacturing market. The pharmaceutical manufacturing services segment is further segmented into active pharmaceutical ingredient (API) manufacturing services and finished dosage forms (FDF) manufacturing services. The largest share of this segment is attributed to the need to reduce manufacturing costs, to bring a new drug to the market quickly at the lowest possible cost, the requirement for high-quality bulk manufacturing, and the growing demand for generic drugs.
Among all end users studied in this report, the generic pharmaceutical companies segment is expected to register the highest CAGR over the forecast period. Factors such as increasing competition in the generic market leading to pricing pressure and the growing inclination of these companies towards the use of cutting-edge technologies offered by contract development and manufacturing companies are also contributing to the highest CAGR of the segment.
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Geographic Review:
This research report comprehensively analyzes major countries U.S. and Canada. In 2023, the U.S. is expected to account for the largest share of the North America pharmaceutical contract development and manufacturing market. The largest share of the U.S. is attributed to the presence of major pharmaceutical companies, drug shortages, and the high spending power of small and mid-sized pharmaceutical organizations.
Key Players:
The key players operating in the North America pharmaceutical contract development and manufacturing market are Thermo Fisher Scientific Inc. (U.S.), Catalent, Inc. (U.S.), C.H. Boehringer Sohn AG & CO. KG. (Germany), Synoes Health, Inc. (U.S.), Curia Global, Inc. (U.S.), Cambrex Corporation (U.S.), FUJIFILM Diosynth Biotechnology (U.S.), Samsung Biologics (South Korea), Siegfried Holding AG (Switzerland), Aenova Group (Germany), WuXi Biologics (China), and Vetter Pharma International GmbH (Germany).
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Key questions answered in the report:
• Which are the high-growth market segments in terms of type, end user, and country?
• What was the historical market for pharmaceutical contract development and manufacturing services in North America?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, challenges, and opportunities in the North America pharmaceutical contract development and manufacturing market?
• Who are the major players in the North America pharmaceutical contract development and manufacturing market?

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Issued By meticulous research
Country India
Categories Health
Tags pharmaceutical outsourcing , pharmaceutical manufacturing services
Last Updated February 21, 2024