Pharmaceutical Manufacturing Market Size, Share, Trends (2022-27)

 

Market Overview:

Over the forecast period, 2022–2027, the pharmaceutical manufacturing market is anticipated to experience a CAGR of more than 11%.

An unprecedented public health threat, the COVID-19 pandemic has had a sizable effect on the pharmaceutical manufacturing industry. The pandemic has increased demand for drugs of all kinds, including vaccines. As a result, pharmaceutical firms have sped up the production of medicines. For instance, pharmaceutical companies continue to expand their global supply, according to the Association of the British Pharmaceutical Industry (ABPI). The production of the COVID-19 vaccine reached 9.3 billion doses globally in October 2021, 12.5 billion doses by the end of 2021, and is anticipated to double again to 24 billion doses by June 2022, according to the same source.

The market’s expansion can be attributed to a number of factors, including rising pharmaceutical company spending on research and development, improvements in manufacturing technology, the burden of chronic diseases and the ageing population, and an increase in the use of outsourcing by these companies for drug development.

Scope of the Report:

Pharmaceutical manufacturing is the industrial-scale synthesis of pharmaceutical drugs as a subset of the pharmaceutical industry, according to the scope of the report. A number of unit operations, including milling, granulation, coating, tablet pressing, and others, can be used to breakdown the drug manufacturing process into its component parts.

The market is divided into different categories based on the type of molecule (Biologics and Biosimilars (Large Molecules) and Conventional Drugs (Small Molecules), type of drug development (Out-house and In-house), type of formulation (Tablets, Capsules, Injectables, Sprays, and Other Formulations), type of application (Cancer, Diabetes, Cardiovascular Diseases, Neurological Diseases, Respiratory Diseases (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also includes projected market sizes and trends for 17 nations in the world’s major geographic areas. For the aforementioned segments, the report provides the value (in USD million).

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