New York, NY -- (SBWIRE) -- 03/16/2018 -- Contract Pharmaceutical
The primary objective of this report is to provide in-depth knowledge of the global pharmaceutical and biopharmaceutical contract manufacturing, research and packaging market. The contract manufacturing segment is further analyzed by various dosage forms, over-the-counter (OTC) options and nutraceuticals, and drug delivery technologies.
The drug discovery and development segments of pharmaceutical research through outsourcing have been analyzed under contract research market. The clinical research segment is further analyzed on the basis of preclinical and clinical research. Adaptive clinical trials have also been discussed.
The contract packaging market covers primary, secondary and tertiary packaging. To analyze the primary packaging market, primary containers are categorized as blisters, bottles and others (e.g., prefillable-syringes, inhalers, vials and ampoules, caps and closures, dosing droppers, labels, accessories).
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Top Companies mentioned
PRA HEALTH SCIENCES
Contract Pharmaceutical Industry Major Outlook
The nascent pharmaceutical industry of the early 20th century was comprised of the companies with drug manufacturing, marketing and distribution under one roof. The advent of the "wonder drug" penicillin during World War II changed human and animal life expectancy and also paved the way to the mass production of pharmaceuticals. The development of new instruments and assay techniques after World War II found rapid application in the realm of medicine as research into general physiology and therapeutics prospered.
After the 1950s, technological advances coupled with the understanding of molecular science opened the door for innovation in the pharmaceutical industry. The 21st century brought patent-protected innovative targeted biopharmaceuticals into the market. This also presented tough economic realities to small-molecule manufacturers in the form of expiring patents, growing threats to intellectual property, stringent regulations, shrinking pipelines, constricting profit margins and fierce competition.
To deal with these issues, pharmaceutical companies started forming collaborations with contract manufacturing organizations (CROs). They also pursued mergers and acquisitions, as well as joint venture strategies, to get access to other markets.
Contract Pharmaceutical - Competitive Analysis
Key players are making innovative developments in Contract Pharmaceutical industry. The same will help in improving the market performance. Heavy investments are made by major players in the R&D sector
The pharmaceutical industry, a highly innovation-driven industry, is knowledge-intense, highly globalized and diversified. It brings massive benefits to the public health and to the economy by bringing out inventive therapies.
Pharmaceutical companies squeezed by healthcare providers and governments on pricing and patent cliff approached contract manufacturing organizations to maintain their positions in this highly competitive environment.
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