Canada Pharmaceutical Contract Manufacturing And Research Services Market Size & Outlook
Canada pharmaceutical contract manufacturing and research services market, 2018-2030 (US$M)
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Canada pharmaceutical contract manufacturing and research services market highlights
- The Canada pharmaceutical contract manufacturing and research services market generated a revenue of USD 1,465.1 million in 2023 and is expected to reach USD 2,090.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, manufacturing was the largest revenue generating service in 2023.
- Research is the most lucrative service segment registering the fastest growth during the forecast period.
Pharmaceutical contract manufacturing and research services market data book summary
| Market revenue in 2023 | USD 1,465.1 million |
| Market revenue in 2030 | USD 2,090.8 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Manufacturing |
| Fastest growing segment | Research |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manufacturing, Research |
| Key market players worldwide | Catalent Inc, Pharmaceutical Product Development, AbbVie Inc, Baxter International Inc, Grifols SA Ordinary Shares - Class A, Dalton Pharma Services, Boehringer Ingelheim, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Canada accounted for 0.6% of the global pharmaceutical contract manufacturing and research services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. pharmaceutical contract manufacturing and research services market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 88,812.0 million by 2030.
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Pharmaceutical Contract Manufacturing And Research Services Market Scope
Pharmaceutical Contract Manufacturing And Research Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada pharmaceutical contract manufacturing and research services 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 contract manufacturing and research services market will help companies and investors design strategic landscapes.
Manufacturing was the largest segment with a revenue share of 66.15% in 2023. Horizon Databook has segmented the Canada pharmaceutical contract manufacturing and research services market based on manufacturing, research covering the revenue growth of each sub-segment from 2018 to 2030.
The need to reduce the time-to-market and inadequate budget for the development of pharmaceuticals & nutritional products are factors that have driven Canadian companies to opt for contract services for raw materials & APIs manufacturing as well as packaging services.
IQVIA states that the prescription volume in Canada has grown up to 2.1% in 2020. Furthermore, retail pharmacies in the country sold over 758.1 million prescriptions in 2020.
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Target buyers of Canada pharmaceutical contract manufacturing and research services market databook
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Our clientele includes a mix of pharmaceutical contract manufacturing and research services 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 Canada pharmaceutical contract manufacturing and research services market, including forecasts for subscribers. This country databook contains high-level insights into Canada pharmaceutical contract manufacturing and research services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada pharmaceutical contract manufacturing market size, by service, 2018-2030 (US$M)
Canada Pharmaceutical Contract Manufacturing And Research Services Market Share, 2023 & 2030 (US$M)
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