Chile Formulation Development Outsourcing Market Size & Outlook
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Chile formulation development outsourcing market highlights
- The Chile formulation development outsourcing market generated a revenue of USD 89.1 million in 2024 and is expected to reach USD 134.9 million by 2030.
- The Chile market is expected to grow at a CAGR of 7.3% from 2025 to 2030.
- In terms of segment, formulation development was the largest revenue generating service in 2024.
- Formulation Development is the most lucrative service segment registering the fastest growth during the forecast period.
Formulation development outsourcing market data book summary
| Market revenue in 2024 | USD 89.1 million |
| Market revenue in 2030 | USD 134.9 million |
| Growth rate | 7.3% (CAGR from 2025 to 2030) |
| Largest segment | Formulation development |
| Fastest growing segment | Formulation Development |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Preformulation, Formulation Development |
| Key market players worldwide | SGS, Intertek Group PLC, Recipharm, Lonza Group Ltd, Charles River Laboratories International Inc, Eurofins Scientific SE, Element Solutions Inc, Labcorp Holdings Inc, Thermo Fisher Scientific Inc, Catalent Inc |
Other key industry trends
- In terms of revenue, Chile accounted for 0.2% of the global formulation development outsourcing market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil formulation development outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 946.4 million by 2030.
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Formulation Development Outsourcing Market Scope
Formulation Development Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SGS | View profile | 10001+ | Geneva, Geneve, Switzerland, Europe | http://www.sgs.com/ |
| Element Solutions Inc | View profile | 5300 | 500 East Broward Boulevard, Suite 1860, Fort Lauderdale, FL, United States, 33394 | https://www.elementsolutionsinc.com |
| Recipharm | View profile | 1001-5000 | Jordbro, Stockholms Lan, Sweden, Europe | http://www.recipharm.com |
| Intertek Group PLC | View profile | 44000 | 33 Cavendish Square, London, United Kingdom, W1G 0PS | https://www.intertek.com |
| Catalent Inc | View profile | 17219 | 14 Schoolhouse Road, Somerset, NJ, United States, 08873 | https://www.catalent.com |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Charles River Laboratories International Inc | View profile | 21400 | 251 Ballardvale Street, Wilmington, MA, United States, 01887 | https://www.criver.com |
| Eurofins Scientific SE | View profile | 61798 | 23 Val Fleuri, Luxembourg, Luxembourg, L-1526 | https://www.eurofins.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| Lonza Group Ltd | View profile | 18000 | Muenchensteinerstrasse 38, Basel, Switzerland, CH-4002 | https://www.lonza.com |
Chile 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 81.26% in 2024. Horizon Databook has segmented the Chile formulation development outsourcing market based on preformulation, formulation development covering the revenue growth of each sub-segment from 2018 to 2030.
Chile has a well-organized, effectively governed health system & infrastructure and has introduced several reforms to meet the country’s medical needs. Since the implementation of the United States– Chile Free Trade Agreement in 2004, the majority of medicines can enter the country duty-free with a U.S. certificate of origin.
This factor has gained traction among pharmaceutical companies to invest in R&D sectors of the country to enhance drug development activities. The country has recently emerged to be one of the best outsourcing markets in the Latin America region, owing to its advanced research infrastructure and business-friendly environment.
Furthermore, the technically adept and competent workforce of the country has reformed life science research & development activities. The presence of major players such as Labcorp is offering a wide range of drug formulation development outsourcing services, further supporting the market growth.
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Target buyers of Chile 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 country-level data and insights on the Chile formulation development outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Chile formulation development outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Chile formulation development outsourcing market size, by service, 2018-2030 (US$M)
Chile Formulation Development Outsourcing Market Outlook Share, 2024 & 2030 (US$M)
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