Pharmaceutical Contract Research And Manufacturing Market- Roadmap for Recovery from COVID-19 | Advent Of Big Data to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#GlobalPharmaceuticalContractResearchandManufacturingCRAMMarket–Technavio has been monitoring the pharmaceutical contract research and manufacturing market and it is poised to grow by USD 69.09 bn during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

• What are the major trends in the market?
  The availability of cost-efficient resources in emerging markets is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  The year-over-year growth for 2020 is estimated at 9.22% and the incremental growth of the market is anticipated to be $ 69.09 bn.
• Who are the top players in the market?
  Boehringer Ingelheim International GmbH, Cadila Healthcare Ltd., Catalent Inc. (Read more…), Dr. Reddy’s Laboratories Ltd., ICON Plc, IQVIA Holding Inc., Laboratory Corporation of America Holdings, Lonza Group Ltd., PRA Health Sciences Inc., and Thermo Fisher Scientific Inc., are some of the major market participants.
• What is the key market driver?
  The advent of big data will offer immense is one of the major factors driving the market.
• How big is the North America market?
  The North America region will contribute 36% of the market share

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Boehringer Ingelheim International GmbH, Cadila Healthcare Ltd., Catalent Inc., Dr. Reddy’s Laboratories Ltd., ICON Plc, IQVIA Holding Inc., Laboratory Corporation of America Holdings, Lonza Group Ltd., PRA Health Sciences Inc., and Thermo Fisher Scientific Inc. are some of the major market participants. The advent of big data will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Pharmaceutical Contract Research and Manufacturing Market 2020-2024: Segmentation

Pharmaceutical Contract Research and Manufacturing Market is segmented as below:

• Service
  • CMO
  • CRO
• Geographic Landscape
  • North America
  • APAC
  • Europe
  • ROW

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Pharmaceutical Contract Research and Manufacturing Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The pharmaceutical contract research and manufacturing market report covers the following areas:

• Pharmaceutical Contract Research and Manufacturing Market Size
• Pharmaceutical Contract Research and Manufacturing Market Trends
• Pharmaceutical Contract Research and Manufacturing Market Industry Analysis

This study identifies the availability of cost-efficient resources in emerging markets as one of the prime reasons driving the pharmaceutical contract research and manufacturing market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Pharmaceutical Contract Research and Manufacturing Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist pharmaceutical contract research and manufacturing market growth during the next five years
• Estimation of the pharmaceutical contract research and manufacturing market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the pharmaceutical contract research and manufacturing market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of pharmaceutical contract research and manufacturing market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America – Market size and forecast 2019-2024
• APAC – Market size and forecast 2019-2024
• Europe – Market size and forecast 2019-2024
• ROW – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver – Demand led growth
• Volume driver – Supply led growth
• Volume driver – External factors
• Volume driver – Demand shift in adjacent markets
• Price driver – Inflation
• Price driver – Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption
• Vendor Analysis

Vendors covered

• Market positioning of vendors
• Boehringer Ingelheim International GmbH
• Cadila Healthcare Ltd.
• Catalent Inc.
• Dr. Reddy’s Laboratories Ltd.
• ICON Plc
• IQVIA Holding Inc.
• Laboratory Corporation of America Holdings
• Lonza Group Ltd.
• PRA Health Sciences Inc.
• Thermo Fisher Scientific Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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