Malaysia Formulation Development Outsourcing Market Size & Outlook
Malaysia formulation development outsourcing market, 2018-2030 (US$M)
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Malaysia formulation development outsourcing market highlights
- The Malaysia formulation development outsourcing market generated a revenue of USD 311.4 million in 2023 and is expected to reach USD 501.7 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 7.1% 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 311.4 million |
| Market revenue in 2030 | USD 501.7 million |
| Growth rate | 7.1% (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, Malaysia accounted for 0.8% 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.
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Formulation Development Outsourcing Market Scope
Formulation Development Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Malaysia 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 Malaysia formulation development outsourcing market based on preformulation, formulation development covering the revenue growth of each sub-segment from 2018 to 2030.
Malaysia is rapidly emerging as a promising destination for formulation development outsourcing in the Asia Pacific region. The country's investment in the medical device manufacturing infrastructure resulted in a strong manufacturing base for medical devices, creating significant potential for foreign companies to outsource their formulation development work.
Its strategic location in Southeast Asia and improving regulatory framework for medication development are additional factors contributing to the growth of the outsourcing market. Moreover, the government's initiatives to boost the medical device industry and efforts to develop its biotechnology sector yielded promising results.
Malaysia has several world-class research institutions and specialized facilities for clinical trials, coupled with a skilled workforce and strong intellectual property protection laws, which are driving the growth of the formulation development outsourcing industry.
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Target buyers of Malaysia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia formulation development outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia formulation development outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia formulation development outsourcing market size, by service, 2018-2030 (US$M)
Malaysia Formulation Development Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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