DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Pharmaceutical Contract Manufacturing Market - Trends and Forecasts (2015 - 2020)" report to their offering.
The Global Pharmaceutical Contract Manufacturing market was valued at USD 58 billion in 2014 and is projected to reach USD 84 billion in 2020, at a compound annual growth rate of 6.4% over the six year forecast period.
Contract manufacturing refers to outsourcing of certain production activities to third party vendors. The pharmaceutical contract manufacturers are given the chemical formula of the drug to be manufactured by the pharmaceutical company. This market is witnessing high growth as the pharmaceutical companies are focusing more on R&D of the drugs instead of manufacturing the formulated drug to stay competitive in the market.
The companies in the upstream industry are undergoing restructuring so as to focus more on R&D, while stringent regulations on the pharmaceutical industry are compelling the companies to outsource the manufacturing of the drugs to contract manufacturers and focus on their core business processes.
Growing innovative drugs and increasing investments in R&D are some of the factors augmenting the growth of the market. However, some of the key impediments hindering the growth of the market are In-house packaging, capacity utilization issues affecting the profitability of CMOs and increasing lead time & logistics costs.
Companies Mentioned:
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Catalent
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Recipharm
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Jubilant
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Patheon
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Vetter
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Boehringer Ingelheim
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Pfizer CentreSource
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Aenova (Haupt)
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Famar
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Baxter Bio Pharma Solutions
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Lonza
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Biomeva
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Fareva
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Pharmaceutical Contract Manufacturing Market Segmentation, Forecasts and Trends - by Type
5. Pharmaceutical Contract Manufacturing Market Segmentation, Forecasts and Trends - by Region
6. Global Vendor Market Share Analysis
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Future of Pharmaceutical Contract Manufacturing Market
For more information about this report visit http://www.researchandmarkets.com/research/33vlq8/global
