

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.
The global Formulation Development Outsourcing market was valued at US$ 35120 million in 2023 and is anticipated to reach US$ 59300 million by 2030, witnessing a CAGR of 7.6% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Formulation Development Outsourcing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Formulation Development Outsourcing.
Report Scope
The Formulation Development Outsourcing market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Formulation Development Outsourcing market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Formulation Development Outsourcing companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
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
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by 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: Introduces executive summary of global market size, regional market size, 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’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size 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 market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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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 Growth 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 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Formulation Development Outsourcing Market Perspective (2019-2030)
2.2 Formulation Development Outsourcing Growth Trends by Region
2.2.1 Global 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 Top Formulation Development Outsourcing Players by Revenue
3.1.1 Global Top Formulation Development Outsourcing Players by Revenue (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 Players Covered: Ranking by Formulation Development Outsourcing Revenue
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 Formulation Development Outsourcing Key Players Head office and Area Served
3.6 Key Players Formulation Development Outsourcing Product Solution and Service
3.7 Date of Enter into Formulation Development Outsourcing Market
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 Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Formulation Development Outsourcing Market Size by Country (2019-2024)
6.4 North America Formulation Development Outsourcing Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Formulation Development Outsourcing Market Size (2019-2030)
7.2 Europe Formulation Development Outsourcing Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Formulation Development Outsourcing Market Size by Country (2019-2024)
7.4 Europe Formulation Development Outsourcing Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Formulation Development Outsourcing Market Size (2019-2030)
8.2 Asia-Pacific Formulation Development Outsourcing Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Formulation Development Outsourcing Market Size by Region (2019-2024)
8.4 Asia-Pacific Formulation Development Outsourcing Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Formulation Development Outsourcing Market Size (2019-2030)
9.2 Latin America Formulation Development Outsourcing Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Formulation Development Outsourcing Market Size by Country (2019-2024)
9.4 Latin America Formulation Development Outsourcing Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Formulation Development Outsourcing Market Size (2019-2030)
10.2 Middle East & Africa Formulation Development Outsourcing Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Formulation Development Outsourcing Market Size by Country (2019-2024)
10.4 Middle East & Africa Formulation Development Outsourcing Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Charles River Laboratories
11.1.1 Charles River Laboratories Company Detail
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 Development
11.2 Aizant Drug Research Solutions
11.2.1 Aizant Drug Research Solutions Company Detail
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 Development
11.3 Catalent
11.3.1 Catalent Company Detail
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 Development
11.4 Labcorp
11.4.1 Labcorp Company Detail
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 Development
11.5 Syngene
11.5.1 Syngene Company Detail
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 Development
11.6 Irisys
11.6.1 Irisys Company Detail
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 Development
11.7 Intertek Group
11.7.1 Intertek Group Company Detail
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 Development
11.8 Piramal Pharma Solutions
11.8.1 Piramal Pharma Solutions Company Detail
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 Development
11.9 Qiotient Sciences
11.9.1 Qiotient Sciences Company Detail
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 Development
11.10 Patheon
11.10.1 Patheon Company Detail
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 Development
11.11 Emergent BioSolutions
11.11.1 Emergent BioSolutions Company Detail
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 Development
11.12 Lonza Group
11.12.1 Lonza Group Company Detail
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 Development
11.13 Dr. Reddy's Laboratories
11.13.1 Dr. Reddy's Laboratories Company Detail
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 Development
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
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*If Applicable.