Switzerland Formulation Development Outsourcing Market Size & Outlook
Switzerland formulation development outsourcing market, 2018-2030 (US$M)
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Switzerland formulation development outsourcing market highlights
- The Switzerland formulation development outsourcing market generated a revenue of USD 247.2 million in 2023 and is expected to reach USD 411.4 million by 2030.
- The Switzerland market is expected to grow at a CAGR of 7.5% 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 247.2 million |
| Market revenue in 2030 | USD 411.4 million |
| Growth rate | 7.5% (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, Switzerland accounted for 0.7% 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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Switzerland 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 Switzerland formulation development outsourcing market based on preformulation, formulation development covering the revenue growth of each sub-segment from 2018 to 2030.
The well-developed healthcare infrastructure and R&D facilities make Switzerland one of the most lucrative markets globally. The country is one of Europe’s major drug development hubs, with 90.0% export production.
In addition, the country is one of the innovative biotechnology hubs, with the pharmaceutical & biotechnology sector accounting for nearly 40% of the country’s exports. The production cost is relatively low compared to countries such as the UK & Germany as most of the manufacturing in the country is done through contract manufacturers, facilitating the demand for services such as formulation development outsourcing.
Furthermore, the country is home to two of the leading multinational companies—Roche and Novartis AG —which are involved in several R&D activities. For instance, Novartis has more than 200 projects in the clinical pipeline.
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Target buyers of Switzerland 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 Switzerland formulation development outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Switzerland formulation development outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Switzerland formulation development outsourcing market size, by service, 2018-2030 (US$M)
Switzerland Formulation Development Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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