Colombia Pharmaceutical Contract Manufacturing And Research Services Market Size & Outlook
Colombia pharmaceutical contract manufacturing and research services market, 2018-2030 (US$M)
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Colombia pharmaceutical contract manufacturing and research services market highlights
- The Colombia pharmaceutical contract manufacturing and research services market generated a revenue of USD 1,834.6 million in 2023 and is expected to reach USD 3,051.8 million by 2030.
- The Colombia market is expected to grow at a CAGR of 7.5% 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 1,834.6 million |
| Market revenue in 2030 | USD 3,051.8 million |
| Growth rate | 7.5% (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, Colombia accounted for 0.8% 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 Latin America, Brazil pharmaceutical contract manufacturing and research services market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 28,420.9 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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Colombia 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 66.09% in 2023. Horizon Databook has segmented the Colombia pharmaceutical contract manufacturing and research services market based on manufacturing, research covering the revenue growth of each sub-segment from 2018 to 2030.
Colombia is expected to witness lucrative growth over the forecast period as a result of continuous expansion of pharmaceutical companies into contract manufacturing.
Recently, Colorcon launched a formulation laboratory in Colombia to enhance its presence in the emerging South American pharmaceutical market. This initiative by the company is anticipated to drive the growth of this market in Colombia.
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Target buyers of Colombia 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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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 Colombia pharmaceutical contract manufacturing and research services market, including forecasts for subscribers. This country databook contains high-level insights into Colombia pharmaceutical contract manufacturing and research services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia pharmaceutical contract manufacturing market size, by service, 2018-2030 (US$M)
Colombia Pharmaceutical Contract Manufacturing And Research Services Market Share, 2023 & 2030 (US$M)
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