Insights on the Global Pharmaceutical Contract Research And Manufacturing Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio

·4 min read

The pharmaceutical contract research and manufacturing market is expected to grow by $ 69.09 bn, progressing at a CAGR of over 9% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201126005588/en/

Technavio has announced its latest market research report titled Global Pharmaceutical Contract Research and Manufacturing (CRAM) Market 2020-2024 (Graphic: Business Wire)

Click & Get Free Sample Report in Minutes

The advent of big data is one of the major factors propelling market growth.

More details: https://www.technavio.com/report/pharmaceutical-contract-research-and-manufacturing-market-industry-analysis

Pharmaceutical Contract Research And Manufacturing Market: Service Landscape

Based on the service, the CMO segment is expected to witness lucrative growth during the forecast period.

Pharmaceutical Contract Research And Manufacturing Market: Geographic Landscape

By geography, North America is going to have a lucrative growth during the forecast period. About 36% of the market’s overall growth is expected to originate from North America. The US is the key market for pharmaceutical contract research and manufacturing in North America.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Related Reports on Health Care Include:

  • Point of Care Diagnostics Market by Product, End-user, and Geography - Forecast and Analysis 2020-2024- The point of care diagnostics market size has the potential to grow by USD 10.69 billion during 2020-2024. However, the market’s growth momentum will decelerate during the forecast period. To get extensive research insights: Click and get a FREE sample report in minutes

  • Prostate Biopsy Market by Product, End-user, and Geography - Forecast and Analysis 2020-2024- The prostate biopsy market size has the potential to grow by USD 380.23 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and get a FREE sample report in minutes

Companies Covered:

  • Boehringer Ingelheim International GmbH

  • Cadila Healthcare Ltd.

  • Catalent Inc.

  • Dr. Reddy's Laboratories Ltd.

  • ICON Plc

  • IQVIA Holding Inc.

  • Laboratory Corporation of America Holdings

  • Lonza Group Ltd.

  • PRA Health Sciences Inc.

  • and Thermo Fisher Scientific Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • ROW - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers

  • Volume driver - Demand led growth

  • Volume driver - Supply led growth

  • Volume driver - External factors

  • Volume driver - Demand shift in adjacent markets

  • Price driver - Inflation

  • Price driver - Shift from lower to higher-priced units

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

  • Vendor Analysis

Vendors covered

  • Market positioning of vendors

  • Boehringer Ingelheim International GmbH

  • Cadila Healthcare Ltd.

  • Catalent Inc.

  • Dr. Reddy's Laboratories Ltd.

  • ICON Plc

  • IQVIA Holding Inc.

  • Laboratory Corporation of America Holdings

  • Lonza Group Ltd.

  • PRA Health Sciences Inc.

  • Thermo Fisher Scientific Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201126005588/en/

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Latest Stories

  • How to judge whether Biden succeeds

    Voters will need to see tangible progress on the "four crises" Biden is tackling, without the government causing any fresh harm.

  • FDA Clearance for Hepatica, Perspectum’s Surgical Decision Support Tool for Liver Cancer

    Perspectum announced today that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for Hepatica, a precision oncology decision support tool for liver cancer.

  • New study identifies economic benefits of new international crossing

    Windsor and Detroit should establish a transportation, distribution, and logistics cluster to best reap the economic benefits of the new Gordie Howe International Bridge, says a new study out of the University of Windsor's Cross-Border Institute.

  • Goulston & Storrs Named 2021 Best Place to Work for LGBTQ Equality

    Goulston & Storrs, an Am Law 200 firm, is pleased to announce that the firm has been designated as a Best Place to Work for LGBTQ Equality – receiving a perfect score of 100 on the 2021 Corporate Equality Index from the Human Rights Campaign Foundation (HRC). HRC creates the Index from a national benchmarking survey on corporate policies and practices related to LGBTQ workplace equality.

  • Cheap Trick Share ‘Light Up the Fire’ Single From LP Due in April

    Beloved rock-pop stalwarts Cheap Trick have released a new single, "Light Up the Fire," ahead of the lineup's 20th studio album, In Another World, which arrives April 9. Produced by Julian Raymond, it's Cheap Trick’s first new LP since 2017’s double-header of We're All Alright! and Christmas Christmas. A limited-edition picture disc of In…

  • Ontario COVID-19 cases jump up over 2,000, as province makes plans for more students to return to school on Feb. 1

    The Ontario government announced 280,000 more students in the Eastern Ontario Health Unit, Middlesex-London, Southwestern Public Health and Ottawa will be going back to in-person learning on Feb. 1.

  • ‘Four paws up’: These heated pet beds are true creature comforts—and up to 50 percent off today

    Indulge your loyal work-from-home buddy with luxurious K&H Heated Pet Beds and Self-Warming Crate Cushions.

  • Priestman using SheBelieves Cup to get Canada on track for Tokyo

    While there's uncertainty over who will replace Phil Neville in the Team GB women's football coaching chair at this summer's Olympics, his former right-hand woman Bev Priestman is already full steam ahead to Toyko, writes Rachel Steinberg.

  • ‘These Days’ Creator Hopes Recent COVID Stories Don’t Ruin the Show’s Chance for Success

    Do audiences want to see their current times replicated so quickly for consumption?

  • Sharp rise in extreme weather costs UK billions in repairs

    The number of extreme weather events over the past three years was higher than the total of the previous decade.

  • Palaye Royale Announce New Augmented Reality Experience, Curse of Calypso

    If you've missed seeing Palaye Royale live over the last 10 months of the pandemic, then this is the most exciting hologram-related news since Tupac made a surprise appearance at Coachella in 2012. On Feb. 4, the band is launching their new Curse of Calypso augmented reality experience that brings their world into fans'

  • Noah Syndergaard, Dom Smith, and Brandon Nimmo take a trip back to the minors

    Noah Syndergaard, Dom Smith, and Brandon Nimmo have a minor league flashback by watching old video features about them filmed while they were still minor leaguers for the New York Mets, and laugh about how much things have changed since then...or haven't!

  • COVID-19 Impact and Recovery Analysis | Business Intelligence Market Procurement Intelligence Report Forecasts Spend Growth of Over USD 11.71 Billion | SpendEdge

    Business Intelligence Market is poised to experience spend growth of more than USD 11.71 billion between 2021-2025 at a CAGR of over 8.97%.

  • Crate and Barrel Holdings, Inc. Joins the 15 Percent Pledge

    Today, Crate and Barrel Holdings Inc. announced it is taking the 15 Percent Pledge to ensure 15% of its products and collaborations are represented by Black businesses, artists and designers by 2024. In addition to the Pledge, the retailer is contributing $225,000 over a three year period to assist in programming, research and development for the 15 Percent Pledge to further their mission of creating more equitable market share for Black-owned businesses.

  • Branch Engages with California Department of Financial Protection and Innovation (DFPI) on Memorandum of Understanding

    Branch, the employer payments platform, announced it has proactively signed a memorandum of understanding (MOU) with the California Department of Financial Protection and Innovation (DFPI). Through the agreement, Branch will collaborate with the DFPI to balance consumer protection with financial innovation.

  • AkzoNobel confirms intent to acquire Tikkurila with binding proposal for €31.25 per share, with due diligence supporting value creation opportunity

    January 28, 2021 AkzoNobel confirms intent to acquire Tikkurila with binding proposal for €31.25 per share, with due diligence supporting value creation opportunity Akzo Nobel N.V. (AKZA; AKZOY) has today submitted a binding proposal to the Board of Directors of Tikkurila, having completed its due diligence on the company. The proposal relates to a tender offer for all the issued and outstanding shares of Tikkurila at an offer price of €31.25 per share, representing a total equity value of around €1.4 billion. On January 18, 2021, AkzoNobel announced it had made a comprehensive non-binding proposal to acquire Tikkurila and invited the Board of Directors of Tikkurila to enter into negotiations with a view to reaching agreement on a recommended voluntary public cash tender offer. Conducting customary due diligence has confirmed the AkzoNobel view that clear synergies would be created from collective procurement capabilities, expanded production, and combined sales and distribution channels. The combination would deliver substantial value creation for shareholders and also create significant opportunities for future growth – both for the company and its employees – by providing customers with more innovative and sustainable solutions. The proposed transaction is consistent with the capital allocation priorities of AkzoNobel, is expected to be EPS accretive in the first year and value creating in the medium-term. The proposal is not conditional on financing – it would be financed using existing cash and credit lines – and AkzoNobel maintains a target leverage ratio of 1-2x net debt/EBITDA. Key terms for launch and completion of an offer The making of the potential tender offer, if any, depends on the satisfaction of the below pre-conditions. If the process advances quickly, an offer could be announced in February and AkzoNobel would envisage the offer period to begin as soon as possible in March. The transaction would be expected to be completed during 2021. The binding proposal is conditional on (1) AkzoNobel and Tikkurila entering into a combination agreement pursuant to which the Board of Directors of Tikkurila recommends to the shareholders of Tikkurila that they accept AkzoNobel's tender offer and (2) obtaining an irrevocable undertaking from Oras Invest Oy to accept AkzoNobel's tender offer. The binding proposal is not conditional on due diligence or the approval by AkzoNobel's Supervisory Board, which has approved the submission of this binding proposal to Tikkurila. According to the binding proposal, the completion of the tender offer, if announced, would be subject to customary conditions, such as reaching a 90% acceptance level, obtaining required regulatory approvals, no legislation or decision by a court or authority preventing the transaction, no material adverse change regarding Tikkurila, and the combination agreement, Tikkurila Board's recommendation and the irrevocable undertaking to be obtained from Oras Invest Oy remaining in force. AkzoNobel would reserve the right, at its sole discretion, to waive any of the conditions for completion of the potential offer. Shareholders are advised that there is no certainty that the binding proposal will eventually lead to a final agreement between AkzoNobel and Tikkurila or the making of an offer to Tikkurila shareholders. The terms of the offer, if announced, may differ from the terms set out in the binding proposal and this announcement. The current combination agreement entered into by Tikkurila includes procedures allowing the offeror to negotiate should the Board of Directors of Tikkurila contemplate effecting a change of its recommendation. At the date of this announcement, AkzoNobel does not hold any shares of Tikkurila. Advisors AkzoNobel is being advised by HSBC and J.P. Morgan as financial advisers and De Brauw Blackstone Westbroek and Roschier, Attorneys Ltd. as legal advisers. Important Information THIS IS A PUBLIC ANNOUNCEMENT BY AKZO NOBEL N.V. ("AKZONOBEL") PURSUANT TO SECTION 17 PARAGRAPH 1 OF THE EUROPEAN MARKET ABUSE REGULATION (596/2014). THIS PUBLIC ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER, OR ANY SOLICITATION OF ANY OFFER, TO BUY OR SUBSCRIBE FOR ANY SECURITIES. THIS RELEASE MAY NOT BE RELEASED OR OTHERWISE DISTRIBUTED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH AN ANNOUNCEMENT ON THE INTENTION TO LAUNCH A TENDER OFFER OR THE POTENTIAL TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. THIS RELEASE IS NOT A TENDER OFFER ANNOUNCEMENT AND AS SUCH DOES NOT CONSTITUTE AN OFFER OR INVITATION TO MAKE A SALES OFFER, BUT MERELY ANNOUNCES AN INTENTION TO POTENTIALLY MAKE A TENDER OFFER. IN PARTICULAR, THIS RELEASE IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SECURITIES DESCRIBED HEREIN, AND IS NOT AN EXTENSION OF A TENDER OFFER, IN, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA. IF A TENDER OFFER IS ANNOUNCED, INVESTORS SHALL ACCEPT SUCH TENDER OFFER FOR THE SHARES ONLY ON THE BASIS OF THE INFORMATION PROVIDED IN A TENDER OFFER DOCUMENT. THE POTENTIAL TENDER OFFER WILL NOT BE MADE, AND THE SHARES WILL NOT BE ACCEPTED FOR PURCHASE FROM OR ON BEHALF OF PERSONS, DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE EITHER AN OFFER OR ACCEPTANCE THEREOF IS PROHIBITED BY APPLICABLE LAW OR WHERE ANY TENDER OFFER DOCUMENT OR REGISTRATION OR OTHER REQUIREMENTS WOULD APPLY IN ADDITION TO THOSE THAT WILL BE UNDERTAKEN IN FINLAND. THIS RELEASE HAS BEEN PREPARED IN COMPLIANCE WITH THE LAWS OF THE NETHERLANDS AS WELL AS, TO THE EXTENT APPLICABLE IN ACCORDANCE WITH FINNISH LAW, THE RULES OF NASDAQ HELSINKI AND THE HELSINKI TAKEOVER CODE AND THE INFORMATION DISCLOSED MAY NOT BE THE SAME AS THAT WHICH WOULD HAVE BEEN DISCLOSED IF THIS ANNOUNCEMENT HAD BEEN PREPARED IN ACCORDANCE WITH THE LAWS OF JURISDICTIONS OUTSIDE OF FINLAND OR THE NETHERLANDS. Information for Tikkurila shareholders in the United States The potential offer is expected to be made for the issued and outstanding shares of Tikkurila, which is domiciled in Finland, and is subject to Finnish disclosure and procedural requirements. It is anticipated that the potential offer would be made in the United States pursuant to Section 14(e) and Regulation 14E under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), subject to exemptions provided by Rule 14d-1(d) under the Exchange Act for a “Tier II” tender offer, and otherwise in accordance with the disclosure and procedural requirements of Finnish law, including with respect to the timetable of the potential offer, settlement procedures, withdrawal, waiver of conditions and timing of payments, which are different from those of the United States. The potential offer, if any, is to be made to Tikkurila’s shareholders resident in the United States on the same terms and conditions as those made to all other shareholders of Tikkurila to whom an offer may be made. To the extent permissible under applicable law or regulations, AkzoNobel and its affiliates or its brokers and its brokers’ affiliates (acting as agents for AkzoNobel or its affiliates, as applicable) may from time to time after the date of this public announcement and during the pendency of the potential offer, and other than pursuant to potential offer, directly or indirectly, purchase or arrange to purchase shares of Tikkurila or any securities that are convertible into, exchangeable for or exercisable for shares of Tikkurila. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. To the extent information about such purchases or arrangements to purchase is made public in Finland, such information will be disclosed by means of a stock exchange release or public announcement or by other means reasonably calculated to inform U.S. shareholders of such information. No purchases will be made outside the potential offer in the United States by, or on behalf of, AkzoNobel. In addition, the financial advisers to AkzoNobel may also engage in ordinary course trading activities in securities of Tikkurila, which may include purchases or arrangements to purchase such securities. To the extent required in Finland, any information about such purchases will be made public in Finland in the manner required by Finnish law. Neither the U.S. Securities & Exchange Commission nor any U.S. state securities commission has approved or disapproved of the potential offer, passed upon the merits or fairness of the potential offer, or passed any comment upon the adequacy, accuracy or completeness of the disclosure in this public announcement. Any representation to the contrary is a criminal offence in the United States. Safe Harbor Statement This report contains statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be under-stood that many factors could cause forecast and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures, as well as significant market disruptions such as the impact of pandemics. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report. About AkzoNobel We’ve been pioneering a world of possibilities to bring surfaces to life for well over 200 years. As experts in making coatings, there’s a good chance you’re only ever a few meters away from one of our products. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from the most sustainable paints company, which has been inventing the future for more than two centuries. Not for publication – for more information Media RelationsInvestor RelationsT +31 (0)88 – 969 7833T +31 (0)88 – 969 7856 Contact: Diana AbrahamsMedia.relations@akzonobel.comContact: Lloyd MidwinterInvestor.relations@akzonobel.com Attachment 20210128 PDF Media release Binding offer Tikkurila

  • Global Physical Security Market Report 2020-2025 - Business Models Focused on Product Specialization, Brand, & Scale

    The "The Physical Security Business 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.

  • Social fintech AssetOwner.CO signs up global investors managing more than US$ 5.5 trillion in its first six months

    AssetOwner.CO, the social collaboration platform for asset owners, announced that it has signed up global investors managing more than US$ 5.5 trillion on the platform, as of January 2021. This is 1000% growth since August 2020, when AssetOwner.CO had investors representing AUM of US$ 500 billion.

  • Hiperwall 7.0 Unleashes Unparalleled dvLED Wall Performance, Integrates VMS Source Support and Adds Several UX Enhancements

    Hiperwall, Inc., an industry leader in IP-based distributed visualization technology, today announced version 7.0 of its hardware-agnostic video wall software. Setting the bar for value and video wall capabilities to new heights, Hiperwall 7.0 unlocks a variety of highly-demanded features for designing and operating dvLED or video wall visual canvases of any size and layout.

  • Experts Daniel Gaynor, Fabricio Nuñez, Nicholas Powers, and John Tsoukalis Promoted to Principal at The Brattle Group

    The Brattle Group is pleased to announce that four experts were recently promoted to Principal: Daniel Gaynor, Fabricio Nuñez, Nicholas Powers, and John Tsoukalis.