Report ID: UCMIG35I2298
Report ID:
UCMIG35I2298 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for contract manufacturing of sterile injectables was valued at approximately $12.89 billion in 2022, with a projected compound annual growth rate (CAGR) of 12.1% expected from 2023 to 2030. The growth of biopharmaceuticals like vaccines, cell and gene therapies has contributed to increased production of injectable drug products worldwide. Additionally, the rising prevalence of chronic diseases, along with quicker approval processes for sterile injectables compared to other drug categories, is further fueling the demand for injectable medications. This surge in demand has led to an increase in outsourcing agreements between contract manufacturers and original drug developers, thus driving the growth of the sterile injectable contract manufacturing sector.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35I2298