Thailand Pharmaceutical Cdmo Market Size & Outlook
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Thailand pharmaceutical cdmo market highlights
- The Thailand pharmaceutical cdmo market generated a revenue of USD 1,933.6 million in 2024 and is expected to reach USD 3,698.4 million by 2033.
- The Thailand market is expected to grow at a CAGR of 7.5% from 2025 to 2033.
- In terms of segment, api was the largest revenue generating product in 2024.
- API is the most lucrative product segment registering the fastest growth during the forecast period.
Pharmaceutical cdmo market data book summary
| Market revenue in 2024 | USD 1,933.6 million |
| Market revenue in 2033 | USD 3,698.4 million |
| Growth rate | 7.5% (CAGR from 2025 to 2033) |
| Largest segment | Api |
| Fastest growing segment | API |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| 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, Thailand accounted for 1.2% of the global pharmaceutical cdmo market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China pharmaceutical cdmo market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 39,514.1 million by 2033.
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Pharmaceutical CDMO Market Scope
Pharmaceutical CDMO Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Seqens | View profile | 1001-5000 | Écully, Rhone-Alpes, France, Europe | https://www.seqens.com/en |
| Bushu Pharmaceuticals | View profile | - | Saitama, Saitama, Japan, Asia | http://bushu-seiyaku.co.jp/en/ |
| Recipharm Venture Fund | View profile | - | Stockholm, Stockholms Lan, Sweden, Europe | - |
| Cambrex | View profile | 1001-5000 | East Rutherford, New Jersey, United States, North America | http://www.cambrex.com |
| CordenPharma | View profile | 5001-10000 | Plankstadt, Baden-Wurttemberg, Germany, Europe | http://cordenpharma.com |
| Piramal Pharma Solutions | View profile | 1001-5000 | Riverview, Michigan, United States, North America | http://www.piramalpharmasolutions.com/ |
| Siegfried Holding AG | View profile | 4180 | Untere Bruehlstrasse 4, Zofingen, Switzerland, CH-4800 | https://www.siegfried.ch |
| Catalent Inc | View profile | 17219 | 14 Schoolhouse Road, Somerset, NJ, United States, 08873 | https://www.catalent.com |
| Wuxi AppTec Co Ltd | View profile | 41116 | 288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, China, People's Republic of, 200131 | https://www.wuxiapptec.com |
| Nipro Corp | View profile | 39713 | 3-9-3 Honjo-Nishi Kita-ku, Osaka, Japan, 531-8510 | http://www.nipro.co.jp |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| Lonza Group Ltd | View profile | 18000 | Muenchensteinerstrasse 38, Basel, Switzerland, CH-4002 | https://www.lonza.com |
Thailand 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 81.79% in 2024. Horizon Databook has segmented the Thailand pharmaceutical cdmo market based on api, drug product covering the revenue growth of each sub-segment from 2021 to 2033.
Thailand is one of the fastest-growing economies globally and the second-largest among Southeast Asian countries. The country offers low-cost manufacturing activities, thereby witnessing a steady increase in pharmaceutical contract development and manufacturing services.
Some of the leading companies are Boehringer Ingelheim GmbH, Lonza AG, and Thermo Fisher Scientific, Inc. Thailand has been focusing on improving its healthcare infrastructure and promoting high-quality drug production.
Attracting international pharmaceutical companies to partner with local manufacturers for pharmaceutical CDMOs. Major players in the pharmaceutical CDMO market are expanding their manufacturing capabilities and capacities to meet the increasing demand for pharmaceuticals in Thailand.
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Target buyers of Thailand pharmaceutical cdmo market databook
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Our clientele includes a mix of pharmaceutical cdmo 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 Thailand pharmaceutical cdmo market , including forecasts for subscribers. This country databook contains high-level insights into Thailand pharmaceutical cdmo market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Thailand Product - Pharmaceutical Cdmo Market size, 2024 - 2033 (US$M)
Thailand Pharmaceutical CDMO Market Outlook Share, 2024 & 2033 (US$M)
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