Canada Active Pharmaceutical Ingredient Cdmo Market Size & Outlook
Canada active pharmaceutical ingredient cdmo market, 2018-2030 (US$M)
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Canada active pharmaceutical ingredient cdmo market highlights
- The Canada active pharmaceutical ingredient cdmo market generated a revenue of USD 2,345.1 million in 2023 and is expected to reach USD 3,551.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, traditional active pharmaceutical ingredient (traditional api) was the largest revenue generating product in 2023.
- Antibody Drug Conjugate (ADC is the most lucrative product segment registering the fastest growth during the forecast period.
Active pharmaceutical ingredient cdmo market data book summary
| Market revenue in 2023 | USD 2,345.1 million |
| Market revenue in 2030 | USD 3,551.4 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Traditional active pharmaceutical ingredient (traditional api) |
| Fastest growing segment | Antibody Drug Conjugate (ADC |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Traditional Active Pharmaceutical Ingredient (Traditional API), Highly Potent Active Pharmaceutical Ingredient (HP-API), Antibody Drug Conjugate (ADC |
| Key market players worldwide | Recipharm, Thermo Fisher Scientific Inc, Samsung BioLogics, Lonza Group Ltd, Catalent Inc, Siegfried Holding AG, Piramal Pharma Solutions, Boehringer Ingelheim, Cambrex, CordenPharma |
Other key industry trends
- In terms of revenue, Canada accounted for 2.0% of the global active pharmaceutical ingredient cdmo market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. active pharmaceutical ingredient cdmo market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 4,931.2 million by 2030.
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Active Pharmaceutical Ingredient CDMO Market Scope
Active Pharmaceutical Ingredient CDMO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada active pharmaceutical ingredient cdmo market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to active pharmaceutical ingredient cdmo market will help companies and investors design strategic landscapes.
Traditional active pharmaceutical ingredient (traditional api) was the largest segment with a revenue share of 39.89% in 2023. Horizon Databook has segmented the Canada active pharmaceutical ingredient cdmo market based on traditional active pharmaceutical ingredient (traditional api), highly potent active pharmaceutical ingredient (hp-api), antibody drug conjugate (adc covering the revenue growth of each sub-segment from 2018 to 2030.
Canada accounted for 2.5% of North America’s market in 2020. Its regulatory environment is governed by Health Canada. Presence of a well-established healthcare system and favorable government support are expected to boost the market.
Growing number of clinical trials in the country also creates opportunities for active pharmaceutical ingredient CDMOs. For instance, according to WHO ICTRP, 30,138 clinical trials were conducted in Canada between 1999 and 2020.
Increasing investments in CDMOs in the country are anticipated to propel the market. For instance, in January 2020, Piramal Pharma Solutions, an Indian pharmaceutical firm, invested nearly USD 17 million (CAD 25 million) in its Aurora-based facility to establish a new API manufacturing unit.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada active pharmaceutical ingredient cdmo market , including forecasts for subscribers. This country databook contains high-level insights into Canada active pharmaceutical ingredient cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada active pharmaceutical ingredient cdmo market size, by product, 2018-2030 (US$M)
Canada Active Pharmaceutical Ingredient CDMO Market Outlook Share, 2023 & 2030 (US$M)
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