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 37,269.8 million in 2024 and is expected to reach USD 60,658.1 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 8.6% by 2030.
- In terms of segment, formulation development accounted for a revenue of USD 31,015.1 million in 2024.
- 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 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 37,269.8 million |
| Market revenue in 2030 | USD 60,658.1 million |
| Growth rate | 8.6% (CAGR from 2025 to 2030) |
| Largest segment | Formulation development |
| Fastest growing segment | Formulation Development |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 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 26.9% of the global formulation development outsourcing market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 8,612.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 83.22% in 2024. 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
- Global Formulation Development Outsourcing End Use Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceutical and Biopharmaceutical Companies
- Government and Academic Institutes
- Others
Reasons to subscribe to Global formulation development outsourcing market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global formulation development outsourcing market databook
-
Our clientele includes a mix of formulation development outsourcing market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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.
Partial client list
Global formulation development outsourcing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Formulation development outsourcing market size, 2024 (US$M)
Global formulation development outsourcing market share, by service, 2024 & 2030 (%, US$M)
Formulation development outsourcing market: Opportunity assessment by country
Global formulation development outsourcing market, by region, 2024 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
