Latin America Pharmaceutical Contract Manufacturing Services Market Worth USD 21 Billion By 2025: Grand View Research, Inc.
The Latin American pharmaceutical contract manufacturing
services market is anticipated to reach USD 21.0 billion by 2025,
according to a new report by Grand View Research, Inc. Low drug registration
cost in Latin American countries and continuous economic growth are the key
factors contributing to progress in this region. Moreover, Latin America offers
higher recruitment rates and relatively high competitive prices in comparison
to United States and other European countries.
A forementioned fact pronounces the trend of shifting
Contract Manufacturing/Research Organizations (CMO/CRO)’s attention to Latin
American countries such as Brazil, Mexico, Argentina, and Colombia. Ongoing
adjustment in Latin America to reduce the commodity prices and domestic
political turbulence in each country is expected to shape region’s economic
growth there by driving revenue generation in the outsourcing market for
pharmaceutical development.
Browse full research report on Latin America
Pharmaceutical Contract Manufacturing Services Market: http://www.grandviewresearch.com/industry-analysis/latin-america-pharmaceutical-contract-manufacturing-services-market
Further Key Findings from the study suggest:
- Contract
manufacturing services accounted for the largest share owing to wide range
of services offered by the CMO’s located herein for therapeutic drug
development
- API/Bulk
drug development services accounted for the largest share over the other
segments as companies continue to invest for API production capacity
enhancement
- Rising
inclination of drug manufacturers to focus on core competencies such as
R&D are observed to have a major impact on the yearly growth of
contract research organizations
- Brazil
held the largest share with respect to revenue generation in 2015
- Government’s
current initiative to ensure GMP compliance among small and medium-sized
pharma companies has contributed for the large share of Brazil
- Chile
is expected to witness the fastest growth over the forecast period.
- Presence
of companies offering bioanalytical, biomarker discovery, assay
development, and cGMP analytical services can be attributed for the
estimated growth
- Key
players contributing in this market are Lonza; Charles River Laboratories
S.A; Jubilant Life Sciences Limited; Boehringer Ingelheim GmbH; Pfizer,
Inc. (Pfizer CenterOne); Albany Molecular Research, Inc; QuintilesIMS; and
Pharmaceutical Product Development, LLC.
- These
entities are involved in collaborations with therapeutic research
organizations in order to enhance their industrial presence
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the Latin America
pharmaceutical contract manufacturing services market on the basis of services
and country:
Latin America Pharmaceutical Contract Manufacturing
Service Outlook (Revenue, USD Million, 2014 - 2025)
- Manufacturing
- API/Bulk
Drugs
- Advanced
Drug Delivery Formulations Packaging
- Packaging
- Finished
Dose Formulations
- Solid
Formulations
- Liquid
Formulations
- Semi-solid
Formulations
- Research
- Oncology
- Vaccines
- Inflammation
& Immunology
- Cardiology
- Neuroscience
- Others
Latin America Pharmaceutical Contract Manufacturing
Service Regional Outlook (Revenue, USD Million, 2014 - 2025)
- Brazil
- Mexico
- Colombia
- Argentina
- Chile
- Venezuela
- Rest
of Latin America
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
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