China Pharmaceutical Cdmo Market Size & Outlook, 2023-2030
China pharmaceutical cdmo market, 2018-2030 (US$M)
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China pharmaceutical cdmo market highlights
- The China pharmaceutical cdmo market generated a revenue of USD 17,523.1 million in 2023 and is expected to reach USD 30,630.9 million by 2030.
- The China market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, api was the largest revenue generating product in 2023.
- API is the most lucrative product segment registering the fastest growth during the forecast period.
Pharmaceutical cdmo market data book summary
| Market revenue in 2023 | USD 17,523.1 million |
| Market revenue in 2030 | USD 30,630.9 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Api |
| Fastest growing segment | API |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | API, Drug Product |
| Key market players worldwide | Lonza Group Ltd, Thermo Fisher Scientific Inc, Labcorp Holdings Inc, Catalent Inc, Wuxi AppTec Co Ltd, Siegfried Holding AG, Nipro Corp, Piramal Pharma Solutions, Recipharm Venture Fund, CordenPharma, Cambrex, Bushu Pharmaceuticals, Seqens |
Other key industry trends
- In terms of revenue, China accounted for 12.0% of the global pharmaceutical cdmo market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pharmaceutical cdmo 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 30,630.9 million by 2030.
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Pharmaceutical CDMO Market Scope
Pharmaceutical CDMO Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China pharmaceutical cdmo 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 pharmaceutical cdmo market will help companies and investors design strategic landscapes.
Api was the largest segment with a revenue share of 81.39% in 2023. Horizon Databook has segmented the China pharmaceutical cdmo market based on api, drug product covering the revenue growth of each sub-segment from 2018 to 2030.
Some of the key companies providing contract developing and manufacturing services for pharmaceuticals in China are WuXi STA; Catalent, Inc.; AbbVie; and Lonza. The expansion of key players in China's pharmaceutical CDMO market.
For instance, In January 2023, WuXi STA inaugurated its new continuous manufacturing line. This line features continuous, direct compression equipment with unit operations, including blending, dispensing, lubrication, coating, and tablet compression.
Similarly, in September 2023, WuXi Vaccines, a CDMO specializing in vaccine R&D and production, inaugurated its standalone site dedicated to vaccines CDMO services in Suzhou, China. By expanding its presence.
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Our clientele includes a mix of pharmaceutical cdmo market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China pharmaceutical cdmo market , including forecasts for subscribers. This country databook contains high-level insights into China pharmaceutical cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China pharmaceutical cdmo market size, by product, 2018-2030 (US$M)
China Pharmaceutical CDMO Market Outlook Share, 2023 & 2030 (US$M)
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