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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Target buyers of Global formulation development outsourcing market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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, 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)
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