Oral Solid Dosage Contract Manufacturing Market Growth Potential: Key Insights for 2024-2033
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What is the Expected Growth Rate of the Oral Solid Dosage Contract Manufacturing Market from 2024 to 2033?
The oral solid dosage contract manufacturing market size has shown strong growth in recent years. It is projected to grow from $36.70 billion in 2023 to $39.39 billion in 2024, at a CAGR of 7.3%. This growth is linked to the increasing global population, prevalence of chronic diseases, and a focus on research and development.
The oral solid dosage contract manufacturing market is expected to reach $52.94 billion in 2028 with a CAGR of 7.3%. Growth factors include increasing outsourcing by pharmaceutical companies and advancements in drug delivery technology. Key trends involve 3D printing integration and controlled-release technologies.
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What Key Factors Are Fueling the Growth of the Oral Solid Dosage Contract Manufacturing Market?
The rising demand for generic drugs is expected to spur the growth of the oral solid dosage contract manufacturing market. This demand is driven by patent expirations and regulatory incentives, making generic drugs more accessible. Contract manufacturing enhances operational efficiency and reduces costs in producing generic medications. The FDA estimated that 91% of prescriptions in the U.S. were for generic drugs in 2022, with over 32,000 generic drugs approved. Thus, the demand for generic drugs is fueling the oral solid dosage contract manufacturing market.
What Are the Major Segments of the Oral Solid Dosage Contract Manufacturing Market?
1) By Product Type: Tablets, Capsules, Powders, Granules, Other Product Types
2) By Service: Drug Product Development, Fill Finish Product Manufacturing, API Manufacturing, Packaging And Labelling, Other Applications
3) By Therapeutic Area: Oncology, Cardiovascular Diseases, Metabolic Disorders, Neurological Disorders, infectious Diseases, Gastrointestinal Diseases, Other Therapeutic Areas
4) By End User: Large Size Companies, Medium And Small Size Companies
What New Trends Are Transforming the Oral Solid Dosage Contract Manufacturing Market?
Major companies in the oral solid dosage contract manufacturing market are working on innovative solutions such as continuous manufacturing lines to strengthen their market position. Continuous manufacturing lines enable more efficient production of pharmaceuticals. For instance, in January 2023, WuXi STA launched its first continuous manufacturing line for oral solid products, enhancing efficiency and quality in drug manufacturing.
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Which Regions Are Driving Growth in the Oral Solid Dosage Contract Manufacturing Market?
Asia Pacific was the largest region in the oral solid dosage contract manufacturing market in 2023. The regions covered in the oral solid dosage contract manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Oral Solid Dosage Contract Manufacturing Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the oral solid dosage contract manufacturing market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Oral Solid Dosage Contract Manufacturing Market Include
1. Oral Solid Dosage Contract Manufacturing Market Executive Summary
2. Oral Solid Dosage Contract Manufacturing Market Segments
3. Oral Solid Dosage Contract Manufacturing Market Size And Template Market Growth Rate
4. Key Oral Solid Dosage Contract Manufacturing Market Trends
5. Major Oral Solid Dosage Contract Manufacturing Market Drivers
……
25. Key Mergers And Acquisitions In The Oral Solid Dosage Contract Manufacturing Market
26. Top Oral Solid Dosage Contract Manufacturing Companies
27. Oral Solid Dosage Contract Manufacturing Market Opportunities And Strategies
28. Oral Solid Dosage Contract Manufacturing Market, Conclusions And Recommendations
29. Appendix
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