Introduction: Contract manufacturing also known as private label manufacturing can be defined as the production of goods by one firm, under the label or brand of another firm. Contract manufacturers provide such service to several firms based on their own customer designs, formulas and specifications.
North America contributes the largest share in the global pharmaceutical contract manufacturing market due to the growing demand for generics. North America regions like U.S., Canada and Mexico where the demand for the pharmaceutical contract manufacturing market is high due to the increasing older population, higher uptake of biologicals, growing demand for generics and favorable initiatives taken by the government in the pharmaceutical field.
The global API/bulk drug manufacturing segment is the major part of the pharmaceutical contract manufacturing market that contributes the largest share in the market owing to the sharp rise in the number of drug approvals and also biologics plays a major role in the market growth in North America.
Key players in the market include: • Recipharm AB • Catalent, Inc. • Patheon Inc. • Jubliant life sciences Ltd • Boehringer Ingelheim
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