Contract Pharmaceutical Manufacturing Market Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Pharmaceutical companies are now pushing hard to reduce overall manufacturing and research costs by outsourcing various processes related to research, development and manufacturing. Furthermore, patent expiration and generic drug competition, continue to fuel demand for pharmaceutical contract manufacturing organizations in the market.
Pharmaceutical companies are now pushing hard to reduce overall manufacturing and research costs by outsourcing various processes related to research, development and manufacturing. Furthermore, patent expiration and generic drug competition, continue to fuel demand for pharmaceutical contract manufacturing organizations in the market.
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Rising Dem<strong>and</strong> for Generic Drugs is expected to Propel the <strong>Market</strong> Growth<br />
Development of generic drugs offer opportunities for manufacturers, as consumers’ dem<strong>and</strong> for costeffective<br />
pharmaceuticals is increasing. Patients being treated for chronic disease using generic drug<br />
are more likely to continue their drug therapy <strong>and</strong> have their prescriptions refilled than those using<br />
br<strong>and</strong>ed drugs.<br />
Competitive <strong>Analysis</strong><br />
Some of the key players operating in the contract pharmaceutical manufacturing market are Accenture<br />
plc, Cognizant Technology Solutions, ATOS SE, Catalent, Inc., Covance, Inc., Boehringer Ingelheim<br />
GmbH, Genpact Limited, Lonza Group, PAREXEL International Corporation, Quintiles Transnational<br />
Corporation, Abbvie, Inc., Baxter International Inc., Dr. Reddy’s Laboratories Ltd., Aurobindo Pharma,<br />
Pfizer, Inc., The Almac Group, Teva <strong>Pharmaceutical</strong> Industries Ltd. <strong>and</strong> Piramal Enterprises Ltd.<br />
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