Japan Formulation Development Outsourcing Market Size & Outlook
Japan formulation development outsourcing market, 2018-2030 (US$M)
Related Markets
Japan formulation development outsourcing market highlights
- The Japan formulation development outsourcing market generated a revenue of USD 2,857.3 million in 2023 and is expected to reach USD 4,816.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.7% 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 2,857.3 million |
| Market revenue in 2030 | USD 4,816.8 million |
| Growth rate | 7.7% (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, Japan accounted for 7.5% 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 Asia Pacific, China formulation development outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,228.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Formulation Development Outsourcing Market Scope
Formulation Development Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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 Japan formulation development outsourcing market based on preformulation, formulation development covering the revenue growth of each sub-segment from 2018 to 2030.
The market for drug formulation development is growing in Japan because of the country's increasing aging population and the rise in the prevalence of chronic diseases like cancer. The new Pharmaceutical Affairs Law encourages research on cancer and tissue diagnostics, which is anticipated to drive market expansion.
Government programs are advancing R&D infrastructure and global strategy, such as the formation of the Japan Agency for Medical Research and Development (AMED) in 2015. The studies in drug formulation have been accelerated through a partnership between Janssen Pharmaceuticals and a Japanese business, PeptiDream, to optimize successful peptides into small molecule products or therapeutic peptides.
In general, it is anticipated that factors like Japan's aging population, updated legislation, government initiatives, and industry partnerships will promote the expansion of the formulation development outsourcing market.
Reasons to subscribe to Japan formulation development outsourcing market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Japan formulation development outsourcing market databook
-
Our clientele includes a mix of formulation development outsourcing market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Japan formulation development outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Japan formulation development outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Japan formulation development outsourcing market size, by service, 2018-2030 (US$M)
Japan Formulation Development Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
