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Global Pharmaceutical Contract Manufacturing and Research Services Market Analysis Report 2021-2028 –

DUBLIN–(BUSINESS WIRE)–The “Global Pharmaceutical Contract Manufacturing And Research Services Market Size, Share & Trends Analysis Report by Service (Manufacturing, Research), by Region, and Segment Forecasts, 2021-2028” report has been added to’s offering.

The global pharmaceutical contract manufacturing and research services market size is expected to reach USD 276.8 billion by 2028 and is expected to expand at a CAGR of 5.75% from 2021 to 2028.

The rising investments in R&D, increasing demand for generics, and the growing aging population with various chronic diseases are responsible for market growth.

The focus of large pharmaceutical companies to strategically engage with a small number of preferred providers is a meaningful solution from procurement-based outsourcing. This was one of the many business traits that this service industry has become accustomed to. Service providers that hold the potential of providing cost and quality advantages are set to make inroads and grow at a tremendous pace in the forecast period.

However, drug manufacturers are increasing their investments with respect to production capabilities. This may limit the potential growth of contract manufacturing services to traditional customers, thereby hampering industrial growth. However, the COVID-19 pandemic has provided new opportunities for pharmaceutical contract manufacturing and research services.

Because of this pandemic, the contract service sector has switched its focus towards manufacturing COVID-19 therapies and vaccines. For example, 42 contract manufacturing services have publicly disclosed for 26 unique pipeline COVID-19 vaccines that they shall manufacture.

The majority of vaccine manufacturers have been seen to partner with CMOs in locations, such as the U.K., the U.S., and Germany.

Pharmaceutical Contract Manufacturing And Research Services Market Report Highlights

Market Variables, Trends & Scope

Market driver analysis

Market restraint analysis

Companies Mentioned

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