Market revenue in 2023 | USD 28,017.1 million |
Market revenue in 2030 | USD 43,864.5 million |
Growth rate | 6.6% (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 |
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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 39.78% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. holds the largest share in North America’s market and is projected to grow at a significant rate over the forecast period. The country accounted for 97.5% of the market in 2020. Increase in outsourcing practices by pharmaceutical companies and support of CDMOs in reducing operational and capital expenses are responsible for its lucrative growth.
In addition, strong R&D practices in the country and promotion of new therapies have significantly contributed to the considerable market share held by the U.S. Growing number of clinical trials in the country further creates opportunities for active pharmaceutical ingredient CDMOs.
The cost and time involved in offshore production can reduce overall cost-effectiveness and productivity of a manufacturing process. Thus, improved productivity due to domestic manufacturing is anticipated to fuel the market.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. active pharmaceutical ingredient cdmo market , including forecasts for subscribers. This country databook contains high-level insights into U.S. active pharmaceutical ingredient cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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