Italy Formulation Development Outsourcing Market Size & Outlook
Italy formulation development outsourcing market, 2018-2030 (US$M)
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Italy formulation development outsourcing market highlights
- The Italy formulation development outsourcing market generated a revenue of USD 941.7 million in 2023 and is expected to reach USD 1,535.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 7.2% 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 941.7 million |
| Market revenue in 2030 | USD 1,535.9 million |
| Growth rate | 7.2% (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, Italy accounted for 2.5% 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 Europe, Germany formulation development outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,977.1 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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Italy 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 76.82% in 2023. Horizon Databook has segmented the Italy formulation development outsourcing market based on preformulation, formulation development covering the revenue growth of each sub-segment from 2018 to 2030.
According to the La Gazzetta del Mezzogiorno, the contract manufacturing industry in the country grew by nearly 40%, mainly due to rise in exports, making Italy one of Europe’s leading nations in terms of Contract Development and Manufacturing Organizations (CDMO) market.
Furthermore, it is estimated that there are over 150 CDMOs in Italy. These CDMOs provide a wide range of services to the pharmaceutical and biotech industries, including drug formulation development and clinical trial supports.
In November 2022, Italian biotech and contract manufacturing company ReiThera opened a new CDMO facility expansion worth USD 14.6 million for the production of large-scale viral vectors used in vaccines and gene therapies, also involved in vaccine formulation developments. Similarly, other CDMO companies such as Fisiopharma S.r.l offers complex drug formulation development outsourcing services for over 30 years.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Italy formulation development outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Italy formulation development outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy formulation development outsourcing market size, by service, 2018-2030 (US$M)
Italy Formulation Development Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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