Egypt Formulation Development Outsourcing Market Size & Outlook
Egypt formulation development outsourcing market, 2018-2030 (US$M)
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Egypt formulation development outsourcing market highlights
- The Egypt formulation development outsourcing market generated a revenue of USD 197.8 million in 2023 and is expected to reach USD 277.0 million by 2030.
- The Egypt market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, formulation development was the largest revenue generating service in 2023.
- 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 2023 | USD 197.8 million |
| Market revenue in 2030 | USD 277.0 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Formulation development |
| Fastest growing segment | Formulation Development |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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, Egypt accounted for 0.5% of the global formulation development outsourcing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia formulation development outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 370.5 million by 2030.
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Formulation Development Outsourcing Market Scope
Formulation Development Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Egypt 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 76.79% in 2023. Horizon Databook has segmented the Egypt formulation development outsourcing market based on preformulation, formulation development covering the revenue growth of each sub-segment from 2018 to 2030.
Egypt's formulation development outsourcing market is expanding steadily due to a favorable business climate and a trained workforce base. Global pharmaceutical companies aiming to expand their operations in the region found the country to be an appealing option due to its advantageous location between Europe and Africa.
In addition, the government has been actively pushing the development of the pharmaceutical sector by launching numerous projects and giving a variety of incentives to draw in international investment. Despite Egypt's comparatively low research investment compared to other MEA nations, the country's large population and high disease burden are projected to encourage drug discovery efforts and support the expansion of the formulation development outsourcing business.
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Target buyers of Egypt 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 Egypt formulation development outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Egypt formulation development outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Egypt formulation development outsourcing market size, by service, 2018-2030 (US$M)
Egypt Formulation Development Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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