Middle East & Africa Pharmaceutical Contract Manufacturing And Research Services Market Size & Outlook
Middle East & Africa pharmaceutical contract manufacturing and research services market, 2018-2030 (US$M)
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MEA pharmaceutical contract manufacturing and research services market highlights
- The MEA pharmaceutical contract manufacturing and research services market generated a revenue of USD 11,013.7 million in 2023.
- The market is expected to grow at a CAGR of 4.9% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 11,013.7 million |
| Market revenue in 2030 | USD 15,413.9 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Manufacturing |
| Fastest growing segment | Research |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 4.5% of the global pharmaceutical contract manufacturing and research services market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 173,901.2 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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Middle East & Africa 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 66.23% in 2023. Horizon Databook has segmented the Middle East & Africa pharmaceutical contract manufacturing and research services market based on manufacturing, research covering the revenue growth of each sub-segment from 2018 to 2030.
MEA pharmaceutical contract manufacturing and research services market has been observed to have the lowest market penetration as this industry is still in the nascent stage.
However, the awareness about pharmaceuticals in the region is growing, which is expected to positively impact the growth of the market in this region over the forecast period.
An increasing number of pharmaceutical companies entering the MEA market is expected to improve the demand for contract manufacturing of drugs in the region.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa pharmaceutical contract manufacturing and research services market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pharmaceutical contract manufacturing and research services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA pharmaceutical contract manufacturing market size, by country, 2018-2030 (US$M)
Middle East & Africa Pharmaceutical Contract Manufacturing And Research Services Market Share, 2023 & 2030 (US$M)
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