Israel Formulation Development Outsourcing Market Size & Outlook
Israel formulation development outsourcing market, 2018-2030 (US$M)
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Israel formulation development outsourcing market highlights
- The Israel formulation development outsourcing market generated a revenue of USD 83.8 million in 2023 and is expected to reach USD 108.7 million by 2030.
- The Israel market is expected to grow at a CAGR of 3.8% 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 83.8 million |
| Market revenue in 2030 | USD 108.7 million |
| Growth rate | 3.8% (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, Israel accounted for 0.2% 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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Israel 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 76.85% in 2023. Horizon Databook has segmented the Israel formulation development outsourcing market based on preformulation, formulation development covering the revenue growth of each sub-segment from 2018 to 2030.
The outsourcing market for formulation development in Israel is expected to experience significant growth during the forecast period. This is due to the country's supporting research and innovation ecosystem, which is home to 1,500 active life sciences companies.
Israel become a hub for novel medical and health technologies, with a strong infrastructure in bioengineering, paramedical research, and medical capabilities that enable a wide range of scientific research.
In addition, Israel's world-class facilities are recognized globally, and it maintains frequent contact with major scientific and medical research centers. The country has given rise to numerous pharmaceutical companies, R&D centers, biotechnology firms, and academic institutions, making it a leader in the drug discovery and development industry.
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Target buyers of Israel 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 Israel formulation development outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Israel formulation development outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Israel formulation development outsourcing market size, by service, 2018-2030 (US$M)
Israel Formulation Development Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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