Asia Pacific Pharmaceutical Manufacturing Market Size & Outlook
Asia Pacific pharmaceutical manufacturing market, 2018-2030 (US$M)
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Asia Pacific pharmaceutical manufacturing market highlights
- The Asia Pacific pharmaceutical manufacturing market generated a revenue of USD 97,068.5 million in 2023.
- The market is expected to grow at a CAGR of 11.4% from 2024 to 2030.
- In terms of segment, conventional drugs (small molecules) was the largest revenue generating molecule type in 2023.
- Biologics & Biosimilars (Large Molecules) is the most lucrative molecule type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 97,068.5 million |
| Market revenue in 2030 | USD 207,213.6 million |
| Growth rate | 11.4% (CAGR from 2023 to 2030) |
| Largest segment | Conventional drugs (small molecules) |
| Fastest growing segment | Biologics & Biosimilars (Large Molecules) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics & Biosimilars (Large Molecules), Conventional Drugs (Small Molecules) |
| Key market players worldwide | Roche Holding AG ADR, Novartis AG ADR, GlaxoSmithKline, Pfizer Inc, Merck & Co Inc, AstraZeneca PLC, Johnson & Johnson, Sanofi SA, Eli Lilly and Co, AbbVie Inc, Thermo Fisher Scientific Inc, Wuxi AppTec Co Ltd, Samsung BioLogics, FUJIFILM Holdings Corp, Lonza Group Ltd, Catalent Inc, Jubilant Pharmova |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.3% of the global pharmaceutical manufacturing market in 2023.
- Globally, North America 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 207,213.6 million by 2030.
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Pharmaceutical Manufacturing Market Scope
Pharmaceutical Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific pharmaceutical manufacturing 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 manufacturing market will help companies and investors design strategic landscapes.
Conventional drugs (small molecules) was the largest segment with a revenue share of 63.48% in 2023. Horizon Databook has segmented the Asia Pacific pharmaceutical manufacturing market based on biologics & biosimilars (large molecules), conventional drugs (small molecules) covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific consists of a blend of developing and developed economies. Increasing healthcare expenditure in the region is anticipated to fuel market growth. The increasing geriatric population and rising awareness of dry eye syndrome are among the major factors driving the market in this region.
Asia Pacific’s pharmaceutical industry has witnessed multiple developments primarily targeted toward improving productivity, conducting R&D, and utilizing novel health technologies to their highest potential.
Most governments are actively working to address recent dynamic changes in the pharmaceutical manufacturing industry caused by the COVID-19 pandemic by organizing virtual conferences. For instance, a virtual conference was held by the Parenteral Drug Association (PDA) - Asia Pacific in September 2020.
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Target buyers of Asia Pacific pharmaceutical manufacturing market databook
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Our clientele includes a mix of pharmaceutical manufacturing 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 Asia Pacific pharmaceutical manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific pharmaceutical manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific pharmaceutical manufacturing market size, by country, 2018-2030 (US$M)
Asia Pacific Pharmaceutical Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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