India Pharmaceutical Contract Manufacturing And Research Services Market Size & Outlook
India pharmaceutical contract manufacturing and research services market, 2018-2030 (US$M)
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India pharmaceutical contract manufacturing and research services market highlights
- The India pharmaceutical contract manufacturing and research services market generated a revenue of USD 23,224.7 million in 2023 and is expected to reach USD 39,897.3 million by 2030.
- The India market is expected to grow at a CAGR of 8% 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 23,224.7 million |
| Market revenue in 2030 | USD 39,897.3 million |
| Growth rate | 8% (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, India accounted for 9.5% 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 Asia Pacific, China pharmaceutical contract manufacturing and research services market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 34,847.7 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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India 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 66.17% in 2023. Horizon Databook has segmented the India pharmaceutical contract manufacturing and research services market based on manufacturing, research covering the revenue growth of each sub-segment from 2018 to 2030.
India pharmaceutical contract manufacturing and research services market is rapidly growing as a result of presence of low-cost manufacturing facilities and WHO-GMP-approved production premises in the country as well as expiring drug patents.
Manufacturing cost in India is nearly 30% to 40% lower than that in the U.S. or Europe. Low manufacturing costs can be attributed to lower capital & equipment expenses, which leads to lower costs on interest.
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Target buyers of India 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 India pharmaceutical contract manufacturing and research services market, including forecasts for subscribers. This country databook contains high-level insights into India pharmaceutical contract manufacturing and research services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India pharmaceutical contract manufacturing market size, by service, 2018-2030 (US$M)
India Pharmaceutical Contract Manufacturing And Research Services Market Share, 2023 & 2030 (US$M)
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