Pharmaceutical Manufacturing Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032

Report code : IS1366, Status : Published, Published on: Feb, 2023, Pages : 151 Pages, Format : PDF/PPT/Excel

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Description

The global Pharmaceutical Manufacturing market size was estimated to be US$ 526 Billion in 2022 and is expected grow at a CAGR of 11.5% between 2023 to 2032.

Pharmaceutical manufacturing is the process of creating and producing drugs and medications for distribution and use in the healthcare industry. This process involves several stages, including research and development, clinical trials, production, packaging and labeling, and distribution.

The research and development stage includes the discovery of new drugs and the testing of their safety and effectiveness. Clinical trials are conducted to determine the safety and efficacy of the drug in humans. Once the drug is approved, it is produced on a large scale and packaged in various forms, such as tablets, capsules, and injectable solutions.

The packaging and labeling stage ensures that the product is properly labeled and meets all regulatory requirements. Finally, the product is distributed to pharmacies, hospitals, and other healthcare providers for use by patients. This process is highly regulated by various government agencies, such as the FDA, to ensure that the drugs produced are safe and effective for patients.

Major drivers for growth:

Rising prevalence of chronic diseases to propel market growth

The global pharmaceutical manufacturing market is driven by several factors, including the increasing demand for medicines, advancements in technology, government support, and rising healthcare expenditure. The growing global population, aging population, and rising prevalence of chronic diseases are leading to a higher demand for medicines.

The aging population and the rise of chronic diseases such as cancer, diabetes, and heart disease are increasing the demand for new and innovative medicines. Advancements in technology, such as biotechnology and nanotechnology, are enabling the development of new and more effective medicines at a faster rate, and automation and robotics are increasing the efficiency and productivity of pharmaceutical manufacturing processes.

Government support is also a key driver of the global pharmaceutical manufacturing market. Governments around the world are investing in the development of their pharmaceutical industries to ensure that they have a strong domestic supply of medicines. This is particularly important in developing countries where access to medicines can be limited.

Governments are providing funding for research and development, tax incentives, and other forms of support to encourage the growth of the pharmaceutical manufacturing industry. Rising healthcare expenditure is also driving the demand for pharmaceutical products.

As healthcare costs continue to rise, more people are able to afford to purchase medicines. This is particularly true in developed countries where healthcare systems are well-established and governments are investing more in healthcare. Additionally, governments in developing countries are also investing more in healthcare to improve the overall health of their populations, which is driving the demand for pharmaceutical products.

Molecule type segmentations of global Pharmaceutical Manufacturing market:

Conventional drugs segment accounted for the largest market share

The global pharmaceutical manufacturing market is segmented into two main categories: Biologics & Biosimilars and Conventional Drugs. Conventional drugs, also known as small molecules, are chemically synthesized compounds that are used to treat a wide range of diseases and conditions. These drugs are typically less complex and easier to manufacture than biologics and biosimilars, which are derived from living organisms.

Conventional drugs segment accounted for the highest revenue share in the global pharmaceutical manufacturing market because of the fact that they have been in the market for a longer period of time and have a proven track record of safety and efficacy. They are widely adopted by physicians and patients and considered the standard of care for many diseases and conditions.

Furthermore, conventional drugs are less expensive to manufacture and distribute than biologics and biosimilars, which makes them more accessible and affordable for patients.

On the other hand, Biologics & Biosimilars segment is growing fast in the global pharmaceutical manufacturing market. Biologics and biosimilars are becoming increasingly important in the treatment of chronic and debilitating diseases, they are more effective than conventional drugs and becoming the standard of care for many diseases.

The growth of this segment is driven by the patent expiration of several blockbuster biologics which have led to the introduction of biosimilars in the market which are more affordable and accessible to patients.

Therapy area segmentation of global pharmaceutical manufacturing market:

Other diseases dominate the market revenue

On the basis of therapeutic area, global pharmaceutical manufacturing market is segmented into Cardiovascular Diseases, Pain, Diabetes, Cancer, Respiratory Diseases, and Other Diseases.

Amongst these segment, other disease segment is the largest while the cancer therapies segment is anticipated to register the fastest CAGR. This growth can be attributed to the increasing incidence of cancer worldwide, as well as advancements in cancer research and the development of new and innovative cancer treatments. Additionally, the increasing availability of funding for cancer research and the growing number of clinical trials for cancer therapies are also contributing to the growth of this segment.

Regional segmentation of the global Pharmaceutical Manufacturing market:

North America is estimated the largest market for pharmaceutical manufacturing

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Middle-east and Africa, and South America. The largest segment of the global pharmaceutical manufacturing market is North America, due to the presence of a large number of pharmaceutical companies and advanced healthcare infrastructure in the region.

Additionally, the high spending on research and development by pharmaceutical companies in North America also contributes to the segment's dominance.

The fastest growing segment of the global pharmaceutical manufacturing market is Asia Pacific, due to the increasing demand for pharmaceutical products in the region, driven by the growing population and rising healthcare expenditure.

Additionally, the presence of a large number of emerging economies in the region, such as China and India, also contributes to the segment's growth. The government's supportive initiatives and policies to boost the pharmaceutical industry in these countries are expected to further drive the growth of the Asia Pacific market.

Key players and market strategies:

One key growth strategy adopted by companies in the global pharmaceutical manufacturing market is mergers and acquisitions. This strategy allows companies to expand their product portfolios and gain access to new markets and technologies. For example, pharmaceutical companies have been acquiring smaller companies and startups that have promising new drugs in development, as well as companies that specialize in manufacturing or distribution.

Another growth strategy is the increasing focus on developing and manufacturing specialty drugs, such as biologics and biosimilars. These drugs have higher prices and offer higher profit margins than traditional small molecule drugs, and they are becoming increasingly important in treating chronic and rare diseases.

Companies are investing heavily in the development and manufacturing of these drugs to take advantage of this growing market. Additionally, companies are investing in the development of generics drugs, which are cheaper alternatives to branded drugs, as they are expected to drive the growth of the market in the future, due to the increasing need for cost-effective drugs.

Overall, pharmaceutical companies are adopting different growth strategies to increase their market share and expand their product offerings. These strategies include mergers and acquisitions, expanding into specialty drugs and generics, and increasing their R&D spending to develop new drugs.

Some of the biggest companies operating in the global pharmaceutical manufacturing market are AbbVie, Inc., AstraZeneca, Bristol Myers Squibb Company, Cipla Ltd., Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Gilead Sciences, Inc., GlaxoSmithKline plc, Johnson & Johnson, Novartis AG, Novo Nordisk A/S, Pfizer, Inc.; Merck & Co., Inc., Sanofi SA, Sun Pharmaceutical Industries Ltd., Takeda Pharmaceuticals, Inc., and many more.

Market Segmentation:

By Molecule Type:

Biologics & Biosimilars (Large Molecules)
Conventional Drugs (Small Molecules)

By Drug Development Type:

Outsource
In-house

By Formulation:

By Route of Administration

Oral
Topical
Parenteral
Inhalations
Other Routes of Administration

By Therapy Area

By Prescription Type

Prescription Medicines
Over-the-counter (OTC) Medicines Diabetes

By Patient Age Group

Children & Adolescents
Adults
Geriatric

By Sales Channel

Retail
Non-retail

By Region

North America
- United States
- Canada
- Rest of North America
Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
South America
- Brazil
- Rest of South America

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global Pharmaceutical Manufacturing Market
Global Pharmaceutical Manufacturing Market Qualitative Analysis
- Trends
  - Market trends
  - Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities
- COVID-19 impact
Global Pharmaceutical Manufacturing Market Analysis and Forecast, by Molecule Type
- Overview and definitions
- Key segment analysis
- Global Pharmaceutical Manufacturing Market Estimates (US$ Mn), Molecule Type, 2019 – 2032
  - Biologics & Biosimilars (Large Molecules)
  - Conventional Drugs (Small Molecules)

Global Pharmaceutical Manufacturing Market Analysis and Forecast, by Drug Development Type
- Overview and definitions
- Key segment analysis
- Global Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Drug Development Type, 2019 – 2032
  - Outsource
  - In-house

Global Pharmaceutical Manufacturing Market Analysis and Forecast, by Formulation
- Overview and definitions
- Key segment analysis
- Global Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Formulation, 2019 – 2032
  - Tablets
  - Capsules
  - Injectable
  - Sprays
  - Suspensions
  - Powders
  - Other Formulations

Global Pharmaceutical Manufacturing Market Analysis and Forecast, by Route of Administration
- Overview and definitions
- Key segment analysis
- Global Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Route of Administration, 2019 – 2032
  - Oral
  - Topical
  - Parenteral
  - Inhalations
  - Other Routes of Administration

Global Pharmaceutical Manufacturing Market Analysis and Forecast, by Therapy Area
- Overview and definitions
- Key segment analysis
- Global Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Therapy Area, 2019 – 2032
  - Cardiovascular Diseases
  - Pain
  - Diabetes
  - Cancer
  - Respiratory Diseases
  - Other Diseases

Global Pharmaceutical Manufacturing Market Analysis and Forecast, by Prescription Type
- Overview and definitions
- Key segment analysis
- Global Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Prescription Type, 2019 – 2032
  - Prescription Medicines
  - Over-the-counter (OTC) Medicines

Global Pharmaceutical Manufacturing Market Analysis and Forecast, by Patient Age Group
- Overview and definitions
- Key segment analysis
- Global Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Patient Age Group, 2019 – 2032
  - Children & Adolescents
  - Adults
  - Geriatric

Global Pharmaceutical Manufacturing Market Analysis and Forecast, by Sales Channel
- Overview and definitions
- Key segment analysis
- Global Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
  - Retail
  - Non-retail

Global Pharmaceutical Manufacturing Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Pharmaceutical Manufacturing Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Pharmaceutical Manufacturing Market Estimates (US$ Mn), Molecule Type, 2019 – 2032
  - Biologics & Biosimilars (Large Molecules)
  - Conventional Drugs (Small Molecules)
- North America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Drug Development Type, 2019 – 2032
  - Outsource
  - In-house
- North America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Formulation, 2019 – 2032
  - Tablets
  - Capsules
  - Injectable
  - Sprays
  - Suspensions
  - Powders
  - Other Formulations
- North America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Route of Administration, 2019 – 2032
  - Oral
  - Topical
  - Parenteral
  - Inhalations
  - Other Routes of Administration
- North America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Therapy Area, 2019 – 2032
  - Cardiovascular Diseases
  - Pain
  - Diabetes
  - Cancer
  - Respiratory Diseases
  - Other Diseases
- North America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Prescription Type, 2019 – 2032
  - Prescription Medicines
  - Over-the-counter (OTC) Medicines
- North America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Patient Age Group, 2019 – 2032
  - Children & Adolescents
  - Adults
  - Geriatric
- North America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
  - Retail
  - Non-retail
- North America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Country, 2019 – 2032
  - United States
  - Canada
  - Rest of North America

Europe Pharmaceutical Manufacturing Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Pharmaceutical Manufacturing Market Estimates (US$ Mn), Molecule Type, 2019 – 2032
  - Biologics & Biosimilars (Large Molecules)
  - Conventional Drugs (Small Molecules)
- Europe Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Drug Development Type, 2019 – 2032
  - Outsource
  - In-house
- Europe Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Formulation, 2019 – 2032
  - Tablets
  - Capsules
  - Injectable
  - Sprays
  - Suspensions
  - Powders
  - Other Formulations
- Europe Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Route of Administration, 2019 – 2032
  - Oral
  - Topical
  - Parenteral
  - Inhalations
  - Other Routes of Administration
- Europe Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Therapy Area, 2019 – 2032
  - Cardiovascular Diseases
  - Pain
  - Diabetes
  - Cancer
  - Respiratory Diseases
  - Other Diseases
- Europe Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Prescription Type, 2019 – 2032
  - Prescription Medicines
  - Over-the-counter (OTC) Medicines
- Europe Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Patient Age Group, 2019 – 2032
  - Children & Adolescents
  - Adults
  - Geriatric
- Europe Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
  - Retail
  - Non-retail
- Europe Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Country, 2019 – 2032
  - Germany
  - United Kingdom
  - Italy
  - France
  - Spain
  - Rest of Europe

Asia Pacific Pharmaceutical Manufacturing Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Pharmaceutical Manufacturing Market Estimates (US$ Mn), Molecule Type, 2019 – 2032
  - Biologics & Biosimilars (Large Molecules)
  - Conventional Drugs (Small Molecules)
- Asia Pacific Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Drug Development Type, 2019 – 2032
  - Outsource
  - In-house
- Asia Pacific Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Formulation, 2019 – 2032
  - Tablets
  - Capsules
  - Injectable
  - Sprays
  - Suspensions
  - Powders
  - Other Formulations
- Asia Pacific Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Route of Administration, 2019 – 2032
  - Oral
  - Topical
  - Parenteral
  - Inhalations
  - Other Routes of Administration
- Asia Pacific Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Therapy Area, 2019 – 2032
  - Cardiovascular Diseases
  - Pain
  - Diabetes
  - Cancer
  - Respiratory Diseases
  - Other Diseases
- Asia Pacific Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Prescription Type, 2019 – 2032
  - Prescription Medicines
  - Over-the-counter (OTC) Medicines
- Asia Pacific Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Patient Age Group, 2019 – 2032
  - Children & Adolescents
  - Adults
  - Geriatric
- Asia Pacific Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
  - Retail
  - Non-retail
- Asia Pacific Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Country, 2019 – 2032
  - China
  - Japan
  - South Korea
  - India
  - Australia
  - Rest of Asia Pacific

Middle East & Africa Pharmaceutical Manufacturing Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Pharmaceutical Manufacturing Market Estimates (US$ Mn), Molecule Type, 2019 – 2032
  - Biologics & Biosimilars (Large Molecules)
  - Conventional Drugs (Small Molecules)
- Middle East & Africa Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Drug Development Type, 2019 – 2032
  - Outsource
  - In-house
- Middle East & Africa Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Formulation, 2019 – 2032
  - Tablets
  - Capsules
  - Injectable
  - Sprays
  - Suspensions
  - Powders
  - Other Formulations
- Middle East & Africa Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Route of Administration, 2019 – 2032
  - Oral
  - Topical
  - Parenteral
  - Inhalations
  - Other Routes of Administration
- Middle East & Africa Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Therapy Area, 2019 – 2032
  - Cardiovascular Diseases
  - Pain
  - Diabetes
  - Cancer
  - Respiratory Diseases
  - Other Diseases
- Middle East & Africa Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Prescription Type, 2019 – 2032
  - Prescription Medicines
  - Over-the-counter (OTC) Medicines
- Middle East & Africa Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Patient Age Group, 2019 – 2032
  - Children & Adolescents
  - Adults
  - Geriatric
- Middle East & Africa Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
  - Retail
  - Non-retail
- Middle East & Africa Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Country, 2019 – 2032
  - UAE
  - Saudi Arabia
  - South Africa
  - Rest of MEA

South America Pharmaceutical Manufacturing Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Pharmaceutical Manufacturing Market Estimates (US$ Mn), Molecule Type, 2019 – 2032
  - Biologics & Biosimilars (Large Molecules)
  - Conventional Drugs (Small Molecules)
- South America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Drug Development Type, 2019 – 2032
  - Outsource
  - In-house
- South America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Formulation, 2019 – 2032
  - Tablets
  - Capsules
  - Injectable
  - Sprays
  - Suspensions
  - Powders
  - Other Formulations
- South America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Route of Administration, 2019 – 2032
  - Oral
  - Topical
  - Parenteral
  - Inhalations
  - Other Routes of Administration
- South America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Therapy Area, 2019 – 2032
  - Cardiovascular Diseases
  - Pain
  - Diabetes
  - Cancer
  - Respiratory Diseases
  - Other Diseases
- South America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Prescription Type, 2019 – 2032
  - Prescription Medicines
  - Over-the-counter (OTC) Medicines
- South America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Patient Age Group, 2019 – 2032
  - Children & Adolescents
  - Adults
  - Geriatric
- South America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
  - Retail
  - Non-retail
- South America Pharmaceutical Manufacturing Market Estimates (US$ Mn), by Country, 2019 – 2032
  - Brazil
  - Rest of South America

Competition Analysis – Global Pharmaceutical Manufacturing Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
  - AbbVie, Inc
    - Business overview
    - Geographic presence
    - Product portfolio
    - Financial facts
    - Relevant news and strategic view
  - AstraZeneca
  - Bristol Myers Squibb Company
  - Cipla Ltd.
  - Eli Lilly and Company
  - Hoffmann-La Roche Ltd.
  - Gilead Sciences, Inc.
  - GlaxoSmithKline plc
  - Johnson & Johnson
  - Novartis AG
  - Novo Nordisk A/S
  - Pfizer, Inc.
  - Merck & Co., Inc.
  - Sanofi SA
  - Sun Pharmaceutical Industries Ltd.
  - Takeda Pharmaceuticals, Inc.

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Frequently asked questions about this report

What is the anticipated CAGR for the pharmaceutical manufacturing market?

Pharmaceutical manufacturing market is anticipated to expand at a CAGR of 11.5% from 2023 to 2032.

What was the market for pharmaceutical manufacturing valued at in 2022?

Pharmaceutical manufacturing market size was estimated to be US$ 526 Billion in 2022.

What are the factors driving the pharmaceutical manufacturing market?

The pharmaceutical manufacturing market is driven by several factors, including the increasing demand for medicines, advancements in technology, government support, and rising healthcare expenditure.

Which segment accounted for the largest pharmaceutical manufacturing market share?

Which therapeutic area dominates the pharmaceutical manufacturing market?

The pharmaceutical manufacturing market is dominated by the other disease segment.

Which region dominates the pharmaceutical manufacturing market?

The pharmaceutical manufacturing market is dominated by the North America, due to the presence of a large number of pharmaceutical companies and advanced healthcare infrastructure in the region.

Which are the companies operating in the global pharmaceutical manufacturing market?

AbbVie Inc., AstraZeneca, Bristol Myers Squibb Company, Cipla Ltd., Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Gilead Sciences, Inc., GlaxoSmithKline plc, Johnson & Johnson, Novartis AG, Novo Nordisk A/S, Pfizer, Inc.; Merck & Co., Inc., Sanofi SA, Sun Pharmaceutical Industries Ltd., Takeda Pharmaceuticals Inc, among others are the major players in pharmaceutical manufacturing market.

Which prime pharmaceutical manufacturing players are profiled in this analysis?

Key pharmaceutical manufacturing market players are AbbVie, Inc., AstraZeneca, Bristol Myers Squibb Company, Cipla Ltd., Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Gilead Sciences, Inc., GlaxoSmithKline plc, Johnson & Johnson, Novartis AG, Novo Nordisk A/S, Pfizer, Inc.; Merck & Co., Inc., Sanofi SA, Sun Pharmaceutical Industries Ltd., Takeda Pharmaceuticals, Inc., and many more.