Global Formulation Development Outsourcing Market Size & Outlook
Global formulation development outsourcing market, 2018-2030 (US$M)
Related Markets
Global formulation development outsourcing market highlights
- The global formulation development outsourcing market generated a revenue of USD 37,915.0 million in 2023 and is expected to reach USD 61,361.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.1% by 2030.
- In terms of segment, formulation development accounted for a revenue of USD 29,123.4 million in 2023.
- Formulation Development is the most lucrative service segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Israel is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 37,915.0 million |
| Market revenue in 2030 | USD 61,361.2 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Formulation development |
| Fastest growing segment | Formulation Development |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Preformulation, Formulation Development |
Other key industry trends
- In terms of revenue, the North America accounted for 26.2% of the global formulation development outsourcing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Israel is the fastest growing regional market and is projected to reach USD 108.7 million by 2030.
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Formulation Development Outsourcing Market Scope
Formulation Development Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global formulation development outsourcing 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 formulation development outsourcing market will help companies and investors design strategic landscapes.
Formulation development was the largest segment with a revenue share of 76.81% in 2023. Horizon Databook has segmented the Global formulation development outsourcing market based on preformulation, formulation development covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Formulation Development Outsourcing Service Outlook (Revenue, USD Million, 2018-2030)
- Preformulation
- Formulation Development
- Global Formulation Development Outsourcing Formulation Outlook (Revenue, USD Million, 2018-2030)
- Oral
- Injectable
- Topical
- Others
- Global Formulation Development Outsourcing Therapeutic Area Outlook (Revenue, USD Million, 2018-2030)
- Oncology
- Infectious disease
- Neurology
- Hematology
- Respiratory
- Cardiovascular
- Dermatology
- Others
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Our clientele includes a mix of formulation development outsourcing market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global formulation development outsourcing market , including forecasts for subscribers. This global databook contains high-level insights into Global formulation development outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global formulation development outsourcing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Formulation development outsourcing market size, 2023 (US$M)
Global formulation development outsourcing market share, by service, 2023 & 2030 (%, US$M)
Formulation development outsourcing market: Opportunity assessment by country
Global formulation development outsourcing market, by region, 2023 (US$M)
| Service | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 6,379.0 | 6,856.3 | 7,322.4 | 8,332.1 | 9,315.2 | 9,943.2 | 10,592.5 | 11,262.0 | 11,950.1 | 12,654.9 | 13,374.6 | 14,107.0 | 14,849.5 | 5.9% |
| Europe | 5,235.6 | 5,690.1 | 6,145.4 | 7,072.4 | 7,997.8 | 8,636.1 | 9,308.1 | 10,013.8 | 10,753.0 | 11,525.3 | 12,330.1 | 13,166.5 | 14,033.3 | 7.2% |
| Asia Pacific | 8,778.6 | 9,617.0 | 10,468.6 | 12,142.3 | 13,837.8 | 15,057.4 | 16,353.1 | 17,726.1 | 19,177.6 | 20,708.0 | 22,317.5 | 24,005.7 | 25,771.7 | 8.0% |
| Latin America | 1,797.1 | 1,956.8 | 2,117.4 | 2,441.5 | 2,766.2 | 2,992.7 | 3,231.7 | 3,483.2 | 3,747.4 | 4,024.1 | 4,313.1 | 4,614.3 | 4,927.2 | 7.4% |
| MEA | 862.6 | 919.4 | 973.4 | 1,097.8 | 1,216.0 | 1,285.7 | 1,356.3 | 1,427.5 | 1,498.9 | 1,570.2 | 1,641.1 | 1,710.9 | 1,779.5 | 4.8% |
| Overall | 23,052.9 | 25,039.7 | 27,027.1 | 31,086.1 | 35,133.1 | 37,915.0 | 40,841.6 | 43,912.7 | 47,127.0 | 50,482.6 | 53,976.4 | 57,604.4 | 61,361.2 | 7.1% |
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