Formulation Development Outsourcing Market Size is Expected to total US$ 56,761.9 billion by 2030

1. Market Research Report EXCLUSIVE EDITION Global Formulation Development Outsourcing Market Report Opportunities, and Forecast By 2030 Global Industry Analysis, Forecast and Trends, 2030 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

2. Global Formulation Development Outsourcing Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 800 Third Avenue Suite A #1519 New York, NY 10022 EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

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5. Formulation Development Outsourcing Market 2022: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030 Formulation Development Outsourcing Market by Service (Preformulation, Formulation Development), by Formulation (Oral, Injectable), by Therapeutic Area (Oncology, &Others), by Region – Global Share and Forecast to 2030 Description According to the Market Statsville Group (MSG), the global formulation development outsourcing market size is expected to grow from USD 31,135.6 billion in 2021 to USD 56,761.9 billion by 2030, at a CAGR of 6.9% from 2022 to 2030. Formulation development is a process of determining a pharmaceutical product's patentability, lifespan, and success. It includes pre- formulation activities such as analytical test development and characterization, excipient screening to stabilize or improve product solubility, and dosage form development. It is frequently outsourced owing to time constraints and a lack of internal resources. Outsourcing formulation development has various advantages, such as shortening deadlines, gaining access to experts, and offering additional insurance against product failure. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

6. Diabetes, arthritis, cancer, chronic obstructive pulmonary disease (COPD), asthma, and alzheimer's are all rising, fueling the demand for new medication discovery and development. This, in turn, is one of the primary reasons formulation development services are being outsourced to contract research organizations (CROs) worldwide. Aside from that, there is a growing desire to reduce risk while saving time and money in the drug development pipeline. As a result, top pharmaceutical and biotechnology companies worldwide collaborate with outsourcing services in the early stages of drug development. Request Sample Copy of this Report: https://www.marketstatsville.com/request- sample/formulation-development-outsourcing-market This, combined with a large increase in the need to invent new medications when major drug patents expire, contributes to market expansion. Furthermore, increased healthcare spending by businesses and governments in various nations produces a positive market picture. Furthermore, the coronavirus disease (COVID-19) epidemic has increased the demand for clinical studies to develop an effective therapy for infectious sickness. This has led to significant expenditures in R&D to create treatments, which are expected to boost the market. COVID-19 Impact on the Global Formulation Development Outsourcing Market In the midst of the COVID-19 pandemic, countries' healthcare systems are aggressively spending in R&D to battle the virus, which is having a big influence on the formulation development outsourcing industry. For example, AiPharma will join a worldwide coalition of pharmaceutical, manufacturing, and distribution companies in October 2020 to advance the oral antiviral Avigan/Reeqomus for COVID-19. AiPharma, as a member of the collaboration, commercializes all formulations of favipiravir, a broad-spectrum oral antiviral medication that targets COVID-19 and 11 other infectious disorders. As a result, the pandemic outbreak has benefited the formulation development outsourcing business tremendously. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 6

7. Furthermore, according to an article titled "Pharmaceutical Technology, 2021 Outsourcing Resources Supplement," published in August 2021, the pharmaceutical outsourcing market has seen an increase in vaccine development and manufacturing activity in the previous year, owing to the industry's response to the COVID-19 pandemic. As a result, the number of formulation development outsourcing operations has increased, leading to market growth. Global Formulation Development Outsourcing Market Dynamics Drivers: Increasing patent protection expiration The rising relevance of innovative drug development due to the increasing patent expiration of key medications and the increased outsourcing of formulation development services by most pharmaceutical and biotechnological businesses are significant drivers driving market expansion. Most biopharmaceutical businesses collaborate with outsourcing services in the early stages of drug development to mitigate risk and save time and money as the medicine progresses through the development process. Restraints: Limited funds Drug development is a time-consuming, costly, and complex process full of uncertainty about whether or not a drug will succeed. Every stage of the drug development process requires funding. Long development times and poor success rates result in high total R&D costs. The major factors limiting the market growth are structural changes in the pharmaceutical industry and insufficient funding to conclude the drug development process through formulation development. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 7

8. Opportunities: Burden of chronic diseases is increasing Chronic diseases and conditions are on the increase all over the world. Because of the increasing need for innovative medications, Europe's pharmaceutical and biotechnology sectors have increased their R&D investments in recent years. This might be due to an aging population, chronic ailments, and infectious diseases. Anti-cancer medication formulation development is critical because formulation comprises stability, solubility, and bioavailability throughout drug development. Scope of the Global Formulation Development Outsourcing Market The study categorizes the formulation development outsourcing market based on service, formulation, and therapeutic area at regional and global levels. Direct Purchase Report: https://www.marketstatsville.com/buy-now/formulation- development-outsourcing-market?opt=2950 By Service Outlook (Sales, USD Billion, 2017-2030) •Preformulation •Formulation Development By Formulation Outlook (Sales, USD Billion, 2017-2030) •Oral •Injectable •Topical •Others © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 8

9. By ByTherapeutic Area Therapeutic AreaOutlook •Oncology •Infectious Diseases •Neurology •Hematology •Respiratory •Cardiovascular •Dermatology •Others By Region Outlook By Region Outlook(Sales, USD Billion, 2017 (Sales, USD Billion, 2017- -2030) •North America • US • Canada • Mexico •Europe • Germany • Italy • France • UK • Spain • Poland • Russia • The Netherlands • Norway • Czech Republic • Rest of Europe Outlook(Sales, USD Billion, 2017 (Sales, USD Billion, 2017- -2030) 2030) 2030) © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 9

10. •Asia Pacific • • • • • • • • • • •South America • Brazil • Argentina • Colombia • Rest of South America •The Middle East & Africa • Saudi Arabia • UAE • South Africa • Northern Africa • Rest of MEA Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/formulation-development-outsourcing- market China Japan India South Korea Indonesia Malaysia Thailand Singapore Australia & New Zealand Rest of Asia Pacific © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 10

11. Oral segment accounts for the largest market share by formulation Based on the formulation, the market is divided into oral, injectable, topical, and others. In 2021, the oral segment led the formulation development outsourcing market, accounting for the largest market share due to treating common ailments such as migraines, fever, infectious disorders, and diabetes, among others. Oral formulations are self-administering and do not require the assistance of a skilled physician for medication administration, which is one of the primary reasons for their widespread popularity. Furthermore, these formulations offer greater formulation design flexibility than others, which increases their market demand for formulation development outsourcing. Tablets, capsules, syrups, and powders are examples of oral formulations. Asia Pacific accounts for the highest CAGR during the forecast period by Region Based on the regions, the global formulation development outsourcing market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. The Asia Pacific region is expected to have the fastest CAGR over the forecast period due to a substantial number of CROs offering cost-effective formulation development services. Furthermore, public institutions are taking steps to shorten the time it takes for drugs to be approved in the region. For example, the Department of Pharmaceuticals (India) issued new guidelines in October 2021 to cut the time necessary for the approval of innovative medicines by at least 50% during the following two years to strengthen the country's R&D operations. Such activities are anticipated to increase demand in the nation for formulation development outsourced services. As a result, such market trends are likely to assist Asia-Pacific in dominating the overall market. Request For Report Description: https://www.marketstatsville.com/formulation-development- outsourcing-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 11

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