Global Markets for Contract Pharmaceutical Manufacturing, Research, and Packaging
The Global Markets for Contract Pharmaceutical Manufacturing, Research and Packaging from BCC Research values the global market for pharmaceutical and biopharmaceutical contract manufacturing, research, and packaging at $242 billion in 2013, with a compound annual growth rate (CAGR) of 9.1% resulting in a 2018 market of around $375 billion. Factors such as cost control, new technologies, increasing competition, and patent expiries for generic drugs are moving the pharma industry in a new direction. Outsourcing is increasingly viewed as a strategic competitive weapon that offers flexibility in production, satisfies end users’ growing demands, and enhances a company’s competitive advantage.
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