Formulation Development Outsourcing Market: Global Industry Analysis and Forecast 2023 – 2030
Global Formulation Development Outsourcing Market was valued at USD 20.15 Billion in 2021 and is expected to reach USD 33.08 Billion by the year 2028, at a CAGR of 7.34%.
The increasing trend of major drugs' patent protection expiration and the rising number of pharmaceutical and biopharmaceutical companies that are outsourcing their services are expected to fuel the growth of the formulation development outsourcing market, worldwide. For instance, Cancer Research UK has initiatives to promote small molecule drug discovery. It runs a program known as the "Small Molecule Drug Discovery Project Award" and invests in milestone-driven projects at all stages of drug discovery, from target identification/validation to early preclinical studies.
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Global Formulation Development Outsourcing Market was valued at USD 20.15 Billion in 2021 and is expected to reach USD 33.08 Billion by the year 2028, at a CAGR of 7.34%.
The increasing trend of major drugs' patent protection expiration and the rising number of pharmaceutical and biopharmaceutical companies that are outsourcing their services are expected to fuel the growth of the formulation development outsourcing market, worldwide. For instance, Cancer Research UK has initiatives to promote small molecule drug discovery. It runs a program known as the "Small Molecule Drug Discovery Project Award" and invests in milestone-driven projects at all stages of drug discovery, from target identification/validation to early preclinical studies.
Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @
https://introspectivemarke...
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11:11 AM - Feb 13, 2024 (UTC)
