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.
View summary of this report @ 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
o
API/Bulk Drugs
o
Advanced Drug Delivery Formulations Packaging
o
Packaging
o
Finished Dose Formulations
§ Solid
Formulations
§ Liquid
Formulations
§ Semi-solid
Formulations
·
Research
o
Oncology
o
Vaccines
o
Inflammation & Immunology
o
Cardiology
o
Neuroscience
o
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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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