[2021] Contract Pharmaceutical Manufacturing Market Generated Opportunities With Comprehensive Study – Accenture, Cognizant Technology Solutions, ATOS SE, Catalent

Contract pharmaceutical manufacturing organizations are involved in performing several kinds of research and drug production activities for various pharmaceutical companies. Presently, there is a large need for pharmaceutical contract manufacturing and research, as drug companies face increased costs for manufacturing and research due to various old drug patents expiration, drug industry competition, along with stringent regulations by government for novel drug development. Pharma manufacturers are able to decrease manufacturing and R&D costs through outsourcing of several processes which previously were carried out in-house, right from the studies of initial drug research to the complete manufacturing procedure.

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Contract manufacturing organizations (CMOs) provides pre-formulation, stability studies, formulation development, method development, materials of clinical and pre-clinical phase trials, materials for late-stage clinical trials, registration, scale-up, along with commercial drug productions. For instance, as per the 2016 report from Outsourcing Resources Supplement to Pharmaceutical Technology, over 80% of the U.S. Food and Drug Administration (FDA) approved products representing small pharma or biotechnology firms are contract manufactured, while 50% of the mid-size companies sponsored products (US$ 500 Mn - US$ 5 Bn in revenues) uses CMO for manufacturing its products. The Contract research organizations (CROs) provide effective services for the biotechnology and pharmaceutical organizations by decreasing time and cost required to perform clinical trials.

Manufacturers, this report covers:  Contract Pharmaceutical Manufacturing market are Accenture plc, Cognizant Technology Solutions, ATOS SE, Catalent, Inc., Covance, Inc., Boehringer Ingelheim GmbH, Genpact Limited, Lonza Group, PAREXEL International Corporation, Quintiles Transnational Corporation, Abbvie, Inc., Baxter International Inc., Dr. Reddy’s Laboratories Ltd., Aurobindo Pharma, Pfizer, Inc., The Almac Group, Teva Pharmaceutical Industries Ltd. and Piramal Enterprises Ltd.

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Generic drug developments provides opportunities for companies, as there is increasing demand for inexpensive pharmaceuticals in consumers. Treatments of patients with chronic disease using generic drugs are expected to continue with their drug therapies and get refilled prescriptions than using the branded drugs. Furthermore, emerging markets, expiring patents, increasing elderly population, rising chronic diseases prevalence, and the healthcare service providers and governments efforts have contributed in the increased acceptance and use of the generic drugs. This rising generic drugs demand is expected to offer conducive growth opportunities for organizations of contract pharmaceutical manufacturing, over the forecast period.     

Moreover, acceptance of novel technologies of manufacturing, growing competition, along with shrinking margins of profit has compelled pharmaceutical companies for outsourcing its manufacturing processes including R&D of drugs to the contract manufacturing organizations (CMO) and contract research organization (CRO), for staying competitive within the market.

Generic drugs outsourcing offers significant benefits when the production is done to supply multiple costumers (parent generic organization) having the similar active pharmaceutical ingredient (API). Furthermore, rising expiration of patents and firms of originator product manufacturing increasingly preferring for contract research companies to conduct clinical trials is expected to register growth in the segment of API small molecule for manufacturing generics.

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Detailed Segmentation:

By Service Type:

• Contract Manufacturing Organization (CMO)
• API Manufacturing
• Final dosage form manufacturing
• Packaging
• Contract Research Organization (CRO)
• Drug Discovery
• Preclinical studies
• Early Phase I - IIa
• Phase IIa - III
• Phase IIIb - IV
• Medical coding and writing
• Monitoring
• Clinical Data Management
• Bio-statistics
• Site management
• Protocol development

By Molecule Type:

• Small Molecules
• Large Molecules

By Service Type:

• Contract Manufacturing Organization (CMO)
• API Manufacturing
• Final dosage form manufacturing
• Packaging
• Contract Research Organization (CRO)
• Drug Discovery
• Preclinical studies
• Early Phase I - IIa
• Phase IIa - III
• Phase IIIb - IV
• Medical coding and writing
• Monitoring
• Clinical Data Management
• Bio-statistics
• Site management
• Protocol development

By Molecule Type:

• Small Molecules
• Large Molecules

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