$119 Billion Global Contract Research and Manufacturing Services Industry to 2031 – Rising Aging Population with Various Chronic Diseases Expected to Have a Positive Impact – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Contract Research And Manufacturing Services (CRAMS) Global Market Report 2022” has been added to from ResearchAndMarkets.com offer.

This report provides strategists, marketers, and senior management with the critical information they need to assess the global Contract Research and Manufacturing Services (CRAMS) market.

The global contract research and manufacturing services (CRAMS) market is expected to grow from $108.01 billion in 2021 to $119.82 billion in 2022 at a compound annual growth rate (CAGR) of 10.9% . The contract research and manufacturing services (CRAMS) market is expected to reach $163.95 billion by 2026 at a CAGR of 8.2%.

Companies cited

  • Boehringer Ingelheim International GmbH

  • Catalent Inc.

  • Lonza Group Ltd.

  • Pharmaceutical Product Development LLC

  • Baxter BioPharma Solutions

  • AbbVie

  • Grifols International SA

  • Dalton Pharmaceutical Services

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Major Players of Contract Research and Manufacturing Services (CRAMS) Market are Boehringer Ingelheim International GmbH, Catalent Inc., Lonza Group Ltd., Pharmaceutical Product Development LLC, Baxter BioPharma Solutions, AbbVie, Grifols International SA and Dalton Pharma Services .

The contract research and manufacturing services (CRAMS) market includes sales of outsourcing services by entities (organizations, sole proprietorships, and partnerships) that provide contract research services or product manufacturing activities from low-cost vendors in the form of a contract research organization (CRO). ) and contract manufacturing organizations (CMOS).

A contract research organization is an organization that provides services on a contract basis in the form of preclinical and clinical research services to the pharmaceutical and biotechnology industries. A contract manufacturing organization is an organization that manufactures pharmaceutical products under contract and provides a customer with a wide range of services from drug development to manufacturing.

The main types of services provided by Contract Research and Manufacturing Services (CRAMS) are manufacturing and research. Manufacturing services include the outsourcing of drug development services to companies operating in the pharmaceutical or biotechnology industry on a contract basis. Contract manufacturing organizations are involved in the entire development process, from clinical trial and phases through to drug commercialization.

Research services outsourcing of research services such as clinical trial data management, database design and construction, data entry and validation, drug and disease coding, project management, quality and measurement reports, safety and efficacy summaries, statistical analysis plans and reports, on a contractual basis. Contract Research and Manufacturing Services (CRAMS) are used by pharmaceutical and biotechnology companies, medical device companies and academic institutes.

North America was the largest region in the contract research and manufacturing services (CRAMS) market in 2020. The Asia-Pacific region is expected to grow at a faster rate during the forecast period. Regions covered in the Contract Research and Manufacturing Services (CRAMS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, America South, the Middle East and Africa.

The increase in the aging population with various chronic diseases is expected to have a positive impact on the growth of the contract research and manufacturing services market over the forecast period. Global population aging is increasing rapidly and is expected to continue during the forecast period. With the increase in the geriatric population, the prevalence of various diseases like cancer, diabetes, Alzheimer’s disease, arthritis and other diseases will also increase, and the demand for various drugs or drugs will increase, accordingly. , the need for contract research and manufacturing services will grow.

Artificial Intelligence (AI) is increasingly being used by the Contract Research and Manufacturing Services (CRAMS) market to strengthen its market position. Artificial intelligence is a branch of computer science dealing with the simulation of human behavior in machines. AI can help avoid costly maintenance by predicting when maintenance is needed supporting the healthcare system.

In April 2021, Thermo Fisher Scientific, an American company providing scientific instrumentation, reagents, consumables and software services, announced the acquisition of clinical research services provider PPD for a total of $17.4 billion. dollars. With this acquisition, PPD will become part of Thermo Fisher’s laboratory products and services business and will provide pharmaceutical and biotechnology customers with a suite of clinical research and laboratory services to help them improve drug development efficiency. Pharmaceutical Product Development (PPD), was founded in 1985 and is headquartered in the United States. It is a global contract research organization (CRO) that provides comprehensive and integrated services in the areas of drug development, laboratories and life cycle management.

The countries covered in the Contract Research and Manufacturing Services (CRAMS) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.

For more information about this report visit https://www.researchandmarkets.com/r/xn3c5x

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