The global pharmaceutical solid dosage contract manufacturing market size was valued at USD 30.1 Billion in 2022 and is further predicted to reach USD 55.3 Billion by 2030, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period.
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➤ The market is expanding due to the growing importance and investment in healthcare.
The global pharmaceutical solid dosage contract manufacturing market is experiencing growth due to the enhanced efficacy and reduced cost of drug formulation that pharmaceutical solid dosages offer. Due to the increasing capital-intensive nature of the pharmaceutical industry, contract manufacturing outsourcing (CMO) will be advantageous for pharmaceutical companies. CMO will guarantee business continuity and risk mitigation. The pharmaceutical solid dosage contract manufacturing market is being driven by a combination of advanced technology, increased governmental support, and increasing prominence on a global scale.
➤ The market’s expansion may be impeded by the prevalence of regulatory issues and supply chain disruptions.
Potential constraints in the pharmaceutical solid dosage contract manufacturing sector include regulatory obstacles, rising competition, pricing pressures, supply chain disruptions, and the necessity of substantial investments in equipment and facilities. Furthermore, certain contract manufacturers may find it challenging to meet the market’s demands due to the growing complexity of drug formulations and the necessity for specialized expertise.
➤ The market is presented with numerous opportunities due to the persistent advancements in technology and the increasing demand for cost-effective solutions.
There are numerous growth prospects in the global pharmaceutical solid dosage contract manufacturing market. The growing demand for personalized medication and the necessity for specialized formulations have established a market for contract manufacturers who possess the necessary expertise in these fields.
➤ The industry’s competitiveness and concerns regarding intellectual property risk management may present a challenge.
In the pharmaceutical solid dosage contract manufacturing industry, there are numerous obstacles. Ensuring regulatory compliance is one of the primary obstacles, as it can be both time-consuming and expensive. The industry is also highly competitive, and contract manufacturers must be able to offer high-quality services at competitive prices. Maintaining a dependable supply chain, managing intellectual property risks, and remaining informed about industry advancements and new technologies are additional obstacles.
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The Global Pharmaceutical Solid Dosage Contract Manufacturing Market is segmented based on product, application and region
Global Pharmaceutical Solid Dosage Contract Manufacturing Market: Product Segment Analysis
● Tablets
● Capsule
● Lozenge
● Powder
Global Pharmaceutical Solid Dosage Contract Manufacturing Market: Application Segment Analysis
● Instant Release
● Sustained Release
● Extended Release
● Effervescent Tablets
● Chewable Tablets
● Enteric Release
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The global Pharmaceutical Solid Dosage Contract Manufacturing market profiles key players such as:
● HAUPT Pharma AG
● Abbott Laboratories
● NextPharma
● Catalent Pharma Solutions
● Althea Technologies
● Jubilant Life Sciences Limited
● Royal DSM N.V and Nipro Corp. Aenova
● Alkermes plc
● Associates of Cape Cod Inc.
● BioPharma Solutions
● Coldstream Laboratories Inc.
● Covance Inc.
● Cytovance Biologics Inc.
● Dalton Pharma Services
● DPT Laboratories
● Emergent BioSolutions Inc
???? Recent Developments
• Catalent officially announced the acquisition of RheinCell Therapeutics, a German-based cell therapy company, in November 2021. The acquisition will enable Catalent to enhance its capabilities in the cell and gene therapy sector, a rapidly expanding part of the pharmaceutical industry. Furthermore, in January 2022, Catalent disclosed its intention to allocate $100 million toward the expansion of its biologics manufacturing facility in Wisconsin, United States. This expansion will enable Catalent to satisfy the growing demand for biologics manufacturing services.
• Lonza announced the expansion of its cell and gene therapy manufacturing facility in Pearland, Texas in September 2021. The facility’s manufacturing capacity is anticipated to double as a result of the expansion, which is anticipated to be finalized in 2023. Furthermore, in October 2021, Lonza and Cryoport, a logistics company that specializes in cell and gene therapies, announced a partnership to offer end-to-end supply chain solutions to the industry.
➤ North America will dominate the global market, with Europe following in its wake.
North America leads the global pharmaceutical solid dosage contract manufacturing market, with Europe following in second place. This is attributed to factors such as the development of technology, the enhancement of healthcare infrastructure, and the expansion of pharmaceutical research and development activities. CMO has also made a significant contribution to the market in the region by investing in new technologies and facilities, introducing distributed manufacturing to bring manufacturing closer to the patient, and implementing continuous manufacturing and digitization of processes.
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