Formulation development is a major area of product/drug development that determines the patentability, lifecycle, and success of a pharmaceutical product. Most pharmaceutical companies outsource formulation services to minimize the time and investment involved in trials.
Market Analysis and Insights: Global Formulation Development Outsourcing Market
The global Formulation Development Outsourcing market is projected to grow from US$ 38210 million in 2024 to US$ 59300 million by 2030, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period.
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
Report Covers:
This report presents an overview of global market for Formulation Development Outsourcing market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Formulation Development Outsourcing, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Formulation Development Outsourcing, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Formulation Development Outsourcing revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Formulation Development Outsourcing market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Formulation Development Outsourcing revenue, projected growth trends, production technology, application and end-user industry.
Market Segmentation
By Company
Charles River Laboratories
Aizant Drug Research Solutions
Catalent
Labcorp
Syngene
Irisys
Intertek Group
Piramal Pharma Solutions
Qiotient Sciences
Patheon
Emergent BioSolutions
Lonza Group
Dr. Reddy's Laboratories
Segment by Type
Pre-formulation Services
Formulation Optimization
Segment by Application
Pharmaceutical and Biopharmaceutical Companies
Government and Academic Institutes
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of Formulation Development Outsourcing in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Formulation Development Outsourcing companies鈥� competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: China by Type, and by Application, revenue for each segment.
Chapter 9: Asia (excluding China) by Type, by Application and by region, revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Formulation Development Outsourcing revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Formulation Development Outsourcing Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Pre-formulation Services
1.2.3 Formulation Optimization
1.3 Market by Application
1.3.1 Global Formulation Development Outsourcing Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Pharmaceutical and Biopharmaceutical Companies
1.3.3 Government and Academic Institutes
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Formulation Development Outsourcing Market Perspective (2019-2030)
2.2 Global Formulation Development Outsourcing Growth Trends by Region
2.2.1 Formulation Development Outsourcing Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Formulation Development Outsourcing Historic Market Size by Region (2019-2024)
2.2.3 Formulation Development Outsourcing Forecasted Market Size by Region (2025-2030)
2.3 Formulation Development Outsourcing Market Dynamics
2.3.1 Formulation Development Outsourcing Industry Trends
2.3.2 Formulation Development Outsourcing Market Drivers
2.3.3 Formulation Development Outsourcing Market Challenges
2.3.4 Formulation Development Outsourcing Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Formulation Development Outsourcing by Players
3.1.1 Global Formulation Development Outsourcing Revenue by Players (2019-2024)
3.1.2 Global Formulation Development Outsourcing Revenue Market Share by Players (2019-2024)
3.2 Global Formulation Development Outsourcing Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Formulation Development Outsourcing, Ranking by Revenue, 2022 VS 2023 VS 2024
3.4 Global Formulation Development Outsourcing Market Concentration Ratio
3.4.1 Global Formulation Development Outsourcing Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Formulation Development Outsourcing Revenue in 2023
3.5 Global Key Players of Formulation Development Outsourcing Head office and Area Served
3.6 Global Key Players of Formulation Development Outsourcing, Product and Application
3.7 Global Key Players of Formulation Development Outsourcing, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Formulation Development Outsourcing Breakdown Data by Type
4.1 Global Formulation Development Outsourcing Historic Market Size by Type (2019-2024)
4.2 Global Formulation Development Outsourcing Forecasted Market Size by Type (2025-2030)
5 Formulation Development Outsourcing Breakdown Data by Application
5.1 Global Formulation Development Outsourcing Historic Market Size by Application (2019-2024)
5.2 Global Formulation Development Outsourcing Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Formulation Development Outsourcing Market Size (2019-2030)
6.2 North America Formulation Development Outsourcing Market Size by Type
6.2.1 North America Formulation Development Outsourcing Market Size by Type (2019-2024)
6.2.2 North America Formulation Development Outsourcing Market Size by Type (2025-2030)
6.2.3 North America Formulation Development Outsourcing Market Share by Type (2019-2030)
6.3 North America Formulation Development Outsourcing Market Size by Application
6.3.1 North America Formulation Development Outsourcing Market Size by Application (2019-2024)
6.3.2 North America Formulation Development Outsourcing Market Size by Application (2025-2030)
6.3.3 North America Formulation Development Outsourcing Market Share by Application (2019-2030)
6.4 North America Formulation Development Outsourcing Market Size by Country
6.4.1 North America Formulation Development Outsourcing Market Size by Country: 2019 VS 2023 VS 2030
6.4.2 North America Formulation Development Outsourcing Market Size by Country (2019-2024)
6.4.3 North America Formulation Development Outsourcing Market Size by Country (2025-2030)
6.4.4 United States
6.4.5 Canada
7 Europe
7.1 Europe Formulation Development Outsourcing Market Size (2019-2030)
7.2 Europe Formulation Development Outsourcing Market Size by Type
7.2.1 Europe Formulation Development Outsourcing Market Size by Type (2019-2024)
7.2.2 Europe Formulation Development Outsourcing Market Size by Type (2025-2030)
7.2.3 Europe Formulation Development Outsourcing Market Share by Type (2019-2030)
7.3 Europe Formulation Development Outsourcing Market Size by Application
7.3.1 Europe Formulation Development Outsourcing Market Size by Application (2019-2024)
7.3.2 Europe Formulation Development Outsourcing Market Size by Application (2025-2030)
7.3.3 Europe Formulation Development Outsourcing Market Share by Application (2019-2030)
7.4 Europe Formulation Development Outsourcing Market Size by Country
7.4.1 Europe Formulation Development Outsourcing Market Size by Country: 2019 VS 2023 VS 2030
7.4.2 Europe Formulation Development Outsourcing Market Size by Country (2019-2024)
7.4.3 Europe Formulation Development Outsourcing Market Size by Country (2025-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Formulation Development Outsourcing Market Size (2019-2030)
8.2 China Formulation Development Outsourcing Market Size by Type
8.2.1 China Formulation Development Outsourcing Market Size by Type (2019-2024)
8.2.2 China Formulation Development Outsourcing Market Size by Type (2025-2030)
8.2.3 China Formulation Development Outsourcing Market Share by Type (2019-2030)
8.3 China Formulation Development Outsourcing Market Size by Application
8.3.1 China Formulation Development Outsourcing Market Size by Application (2019-2024)
8.3.2 China Formulation Development Outsourcing Market Size by Application (2025-2030)
8.3.3 China Formulation Development Outsourcing Market Share by Application (2019-2030)
9 Asia (excluding China)
9.1 Asia Formulation Development Outsourcing Market Size (2019-2030)
9.2 Asia Formulation Development Outsourcing Market Size by Type
9.2.1 Asia Formulation Development Outsourcing Market Size by Type (2019-2024)
9.2.2 Asia Formulation Development Outsourcing Market Size by Type (2025-2030)
9.2.3 Asia Formulation Development Outsourcing Market Share by Type (2019-2030)
9.3 Asia Formulation Development Outsourcing Market Size by Application
9.3.1 Asia Formulation Development Outsourcing Market Size by Application (2019-2024)
9.3.2 Asia Formulation Development Outsourcing Market Size by Application (2025-2030)
9.3.3 Asia Formulation Development Outsourcing Market Share by Application (2019-2030)
9.4 Asia Formulation Development Outsourcing Market Size by Region
9.4.1 Asia Formulation Development Outsourcing Market Size by Region: 2019 VS 2023 VS 2030
9.4.2 Asia Formulation Development Outsourcing Market Size by Region (2019-2024)
9.4.3 Asia Formulation Development Outsourcing Market Size by Region (2025-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Size (2019-2030)
10.2 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Size by Type
10.2.1 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Size by Type (2019-2024)
10.2.2 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Size by Type (2025-2030)
10.2.3 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Share by Type (2019-2030)
10.3 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Size by Application
10.3.1 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Size by Application (2019-2024)
10.3.2 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Size by Application (2025-2030)
10.3.3 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Share by Application (2019-2030)
10.4 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Size by Country
10.4.1 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Size by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Size by Country (2019-2024)
10.4.3 Middle East, Africa, and Latin America Formulation Development Outsourcing Market Size by Country (2025-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 Charles River Laboratories
11.1.1 Charles River Laboratories Company Details
11.1.2 Charles River Laboratories Business Overview
11.1.3 Charles River Laboratories Formulation Development Outsourcing Introduction
11.1.4 Charles River Laboratories Revenue in Formulation Development Outsourcing Business (2019-2024)
11.1.5 Charles River Laboratories Recent Developments
11.2 Aizant Drug Research Solutions
11.2.1 Aizant Drug Research Solutions Company Details
11.2.2 Aizant Drug Research Solutions Business Overview
11.2.3 Aizant Drug Research Solutions Formulation Development Outsourcing Introduction
11.2.4 Aizant Drug Research Solutions Revenue in Formulation Development Outsourcing Business (2019-2024)
11.2.5 Aizant Drug Research Solutions Recent Developments
11.3 Catalent
11.3.1 Catalent Company Details
11.3.2 Catalent Business Overview
11.3.3 Catalent Formulation Development Outsourcing Introduction
11.3.4 Catalent Revenue in Formulation Development Outsourcing Business (2019-2024)
11.3.5 Catalent Recent Developments
11.4 Labcorp
11.4.1 Labcorp Company Details
11.4.2 Labcorp Business Overview
11.4.3 Labcorp Formulation Development Outsourcing Introduction
11.4.4 Labcorp Revenue in Formulation Development Outsourcing Business (2019-2024)
11.4.5 Labcorp Recent Developments
11.5 Syngene
11.5.1 Syngene Company Details
11.5.2 Syngene Business Overview
11.5.3 Syngene Formulation Development Outsourcing Introduction
11.5.4 Syngene Revenue in Formulation Development Outsourcing Business (2019-2024)
11.5.5 Syngene Recent Developments
11.6 Irisys
11.6.1 Irisys Company Details
11.6.2 Irisys Business Overview
11.6.3 Irisys Formulation Development Outsourcing Introduction
11.6.4 Irisys Revenue in Formulation Development Outsourcing Business (2019-2024)
11.6.5 Irisys Recent Developments
11.7 Intertek Group
11.7.1 Intertek Group Company Details
11.7.2 Intertek Group Business Overview
11.7.3 Intertek Group Formulation Development Outsourcing Introduction
11.7.4 Intertek Group Revenue in Formulation Development Outsourcing Business (2019-2024)
11.7.5 Intertek Group Recent Developments
11.8 Piramal Pharma Solutions
11.8.1 Piramal Pharma Solutions Company Details
11.8.2 Piramal Pharma Solutions Business Overview
11.8.3 Piramal Pharma Solutions Formulation Development Outsourcing Introduction
11.8.4 Piramal Pharma Solutions Revenue in Formulation Development Outsourcing Business (2019-2024)
11.8.5 Piramal Pharma Solutions Recent Developments
11.9 Qiotient Sciences
11.9.1 Qiotient Sciences Company Details
11.9.2 Qiotient Sciences Business Overview
11.9.3 Qiotient Sciences Formulation Development Outsourcing Introduction
11.9.4 Qiotient Sciences Revenue in Formulation Development Outsourcing Business (2019-2024)
11.9.5 Qiotient Sciences Recent Developments
11.10 Patheon
11.10.1 Patheon Company Details
11.10.2 Patheon Business Overview
11.10.3 Patheon Formulation Development Outsourcing Introduction
11.10.4 Patheon Revenue in Formulation Development Outsourcing Business (2019-2024)
11.10.5 Patheon Recent Developments
11.11 Emergent BioSolutions
11.11.1 Emergent BioSolutions Company Details
11.11.2 Emergent BioSolutions Business Overview
11.11.3 Emergent BioSolutions Formulation Development Outsourcing Introduction
11.11.4 Emergent BioSolutions Revenue in Formulation Development Outsourcing Business (2019-2024)
11.11.5 Emergent BioSolutions Recent Developments
11.12 Lonza Group
11.12.1 Lonza Group Company Details
11.12.2 Lonza Group Business Overview
11.12.3 Lonza Group Formulation Development Outsourcing Introduction
11.12.4 Lonza Group Revenue in Formulation Development Outsourcing Business (2019-2024)
11.12.5 Lonza Group Recent Developments
11.13 Dr. Reddy's Laboratories
11.13.1 Dr. Reddy's Laboratories Company Details
11.13.2 Dr. Reddy's Laboratories Business Overview
11.13.3 Dr. Reddy's Laboratories Formulation Development Outsourcing Introduction
11.13.4 Dr. Reddy's Laboratories Revenue in Formulation Development Outsourcing Business (2019-2024)
11.13.5 Dr. Reddy's Laboratories Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Charles River Laboratories
Aizant Drug Research Solutions
Catalent
Labcorp
Syngene
Irisys
Intertek Group
Piramal Pharma Solutions
Qiotient Sciences
Patheon
Emergent BioSolutions
Lonza Group
Dr. Reddy's Laboratories
听
听
*If Applicable.