The global generic pharmaceuticals contract manufacturing market size is expected to reach USD 106.9 billion by 2030, registering a CAGR of 5.8% over the forecast period, according to a new report by Grand View Research, Inc. Cost-saving and time-saving benefits associated with the implementation of outsourcing is responsible for driving the industry. A significant number of people globally suffer from chronic diseases. For instance, the CDC states that 6 in 10 adults in the U.S. suffer from at least one chronic disease and 4 in 10 adults suffer from two or more chronic diseases. Chronic diseases are required to be treated for a long time. The high cost of medicines is increasing the demand for cost-effective generic drugs for the treatment of chronic diseases.
Generic Pharmaceuticals Contract Manufacturing Market Report Highlights
- The branded generics segment held the largest share in 2021due to the preference for branded generics among physicians. Some branded generic manufacturers offer benefits and gifts to physicians for boosting their product sales. This further contributes to the demand for branded generic manufacturing in the market
- The API product segment held the largest share in 2021. The growing demand for generic drugs is supporting the demand for generic API contract manufacturing
- The parenteral route of administration segment is expected to grow at the fastest CAGR over the forecast period due to the bioavailability of parenteral drugs over other formulations
- The oncology segment is expected to register the fastest CAGRfrom 2022 to 2030 owing to the high cost of cancer drugs contributing to the demand for cost-effective generic medicines
- Asia Pacific is expected to record the highest CAGR over the forecast period mainly due to the low cost of generic drug manufacturing
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This is expected to support the industry's growth post-pandemic. There is an improvement in the regulatory approval of generic drugs. For instance, in 2021, the FDA approved 93 generic drugs, and by October 2022, the regulatory authority approved over 95 generic drugs. Such improvements are expected to have a positive impact on the manufacturing of generic drugs and; thus, support the industry growth. The Japanese government is constantly trying to improve the generic pharmaceuticals market in the country. The government is also taking measures to improve the supply of generics in the country and is also encouraging medical institutes to promote the use of generic drugs.
This is expected to improve CMO activities for generics in the coming years. Global spending on medicines is also on the rise. According to the data provided in a report published by IQVIA in April 2021, global spending on medicine is expected to increase in the next 4-5 years. The report states that global spending on medicine accounted for USD 1, 265 billion in 2020 and is going to reach USD 1,580-1,610 billion by 2025. This is also expected to improve the demand for generic drugs owing to their cost efficiency, thereby supporting the industry in growth.
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List of Key Players of Generic Pharmaceuticals Contract Manufacturing Market
- Jubilant Generics Ltd.
- Recipharm AB
- Siegfried Holding AG
- Aurobindo Pharma
- Cambrex Corp.
- Alcami Corp., Inc.
- Catalent, Inc.
- Acme Generics Pvt Ltd.
- Syngene International Ltd.
- Pfizer CentreOne
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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Segmented the global generic pharmaceuticals contract manufacturing market on the basis of drug type, product, route of administration, application, and region
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Drug Type
1.1.2. Product
1.1.3. Route of Administration
1.1.4. Application
1.1.5. Regional scope
1.1.6. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.6.2. Volume price analysis (Model 2)
1.6.2.1. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective 1
1.9.2. Objective 2
Chapter 2. Executive Summary
2.1. Market Outlook
Chapter 3. Generic Pharmaceuticals Contract Manufacturing Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.1.1. Supportive government initiatives to improve the adoption of generic drugs
3.3.1.2. Significant number of drugs losing patents
3.3.1.3. Growing prevalence of chronic diseases contributing to the demand for cost-effective generics
3.3.2. Market restraint analysis
3.3.2.1. Third party performance
3.4. Generic pharmaceuticals contract manufacturing market Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.4.2. PESTLE Analysis
3.4.3. Major Deals & Strategic Alliances Analysis
3.4.3.1. Mergers and Acquisition
3.4.3.2. Expansions
3.4.3.3. Agreements and Collaborations
3.4.3.4. Product and Service Launches
3.5. Covid-19 Impact and Reformation Strategy
Chapter 4. Generic Pharmaceuticals Contract Manufacturing Market: Drug Type Estimates & Trend Analysis
4.1. Definitions and Scope
4.2. Generic pharmaceuticals contract manufacturing market Share, 2021 & 2030
4.2.1. Branded Generics
4.2.1.1. Branded Generics market estimates and forecast 2018 to 2030 (USD Billion)
4.2.2. Unbranded Generics
4.2.2.1. Unbranded market estimates and forecast 2018 to 2030 (USD Billion)
Chapter 5. Generic Pharmaceuticals Contract Manufacturing Market: Product Estimates & Trend Analysis
5.1. Definitions and Scope
5.2. Generic pharmaceuticals contract manufacturing market Share, 2021 & 2030
5.2.1. API
5.2.1.1. API market estimates and forecast 2018 to 2030 (USD Billion)
5.2.2. Drug Product
5.2.2.1. Drug Product market estimates and forecast 2018 to 2030 (USD Billion)
Chapter 6. Generic Pharmaceuticals Contract Manufacturing Market: Route of Administration Estimates & Trend Analysis
6.1. Definitions and Scope
6.2. Generic pharmaceuticals contract manufacturing market Share, 2021 & 2030
6.2.1. Oral
6.2.1.1. Oral market estimates and forecast 2018 to 2030 (USD Billion)
6.2.2. Parenteral
6.2.2.1. Parenteral market estimates and forecast 2018 to 2030 (USD Billion)
6.2.3. Topical
6.2.3.1. Topical g market estimates and forecast 2018 to 2030 (USD Billion)
6.2.4. Others
6.2.4.1. Others market estimates and forecast 2018 to 2030 (USD Billion)
Chapter 7. Generic Pharmaceuticals Contract Manufacturing Market: Application Estimates & Trend Analysis
7.1. Definitions and Scope
7.2. Generic pharmaceuticals contract manufacturing market Share, 2021 & 2030
7.2.1. Oncology
7.2.1.1. Oncology market estimates and forecast 2018 to 2030 (USD Billion)
7.2.2. Immunology
7.2.2.1. Immunology market estimates and forecast 2018 to 2030 (USD Billion)
7.2.3. Antidiabetic
7.2.3.1. Antidiabetic market estimates and forecast 2018 to 2030 (USD Billion)
7.2.4. Neurology
7.2.4.1. Neurology market estimates and forecast 2018 to 2030 (USD Billion)
7.2.5. Anticoagulants
7.2.5.1. Anticoagulants market estimates and forecast 2018 to 2030 (USD Billion)
7.2.6. Cardiovascular
7.2.6.1. Cardiovascular market estimates and forecast 2018 to 2030 (USD Billion)
7.2.7. Respiratory
7.2.7.1. Respiratory market estimates and forecast 2018 to 2030 (USD Billion)
7.2.8. Pain
7.2.8.1. Pain market estimates and forecast 2018 to 2030 (USD Billion)
7.2.9. HIV Antivirals
7.2.9.1. HIV antivirals market estimates and forecast 2018 to 2030 (USD Billion)
7.2.10. Others
7.2.10.1. Others market estimates and forecast 2018 to 2030 (USD Billion)
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With the advent of vaccinations, we can see some hope at the end of the tunnel.Now the next series of questions that arise are about the distribution of vaccines, their drug toxicity, and if the vaccines can be modified for better results if required.
The data-sets are processed & analyzed in a manner to provide valuable evidence for the betterment of healthcare services.The importance of RWD and RWE has been recognized by researchers, doctors, and pharmaceutical companies for a while.
These data-sets have been a valuable source of information for decision-making.RWE opportunities but not without riskDue to the urgency to find a solution for the virus, researchers have extensively used the evidence to use existing drugs to treat the virus.
But a few studies have shown reliable results.
There could be long-term health consequences for people who have contracted the coronavirus.
The effect of vaccination is yet to be seen.
It not only manages the customer’s data but also improves the sales operations.Needless to say, pharmaceutical companies face a lot of challenges these days.
Strict healthcare reforms, unpredictable market changes, and fierce global competition make pharmaceutical companies perform best at any cost.
CRM is mainly used to minimize the workloads of pharma companies.
In this article, we will share with you some of the noteworthy benefits of pharma CRM software and how it affects your business.
Here are the 5 benefits offered by pharma CRM software: Automate everyday tasks:CRM automates all the sales activities and other small operations so that the sales reps will be able to focus on their main work i.e sales.
Managing orders: Overseeing orders with the assistance of an SFA empowered simply to utilize CRM programming can help in streamlining the whole request satisfaction method and even chop down pointless paper works thus give the business group more opportunity to sell.
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