Global Contract Research And Manufacturing Services (CRAMS) Market Size, Forecasts, And Opportunities – Includes CRAMS Market Overview
Learn about the global contract research and manufacturing services (CRAMS) market through The Business Research Company, which provides information on CRAMS market size, CRAMS market drivers and restraints, CRAMS market players, the COVID-19 impact on the CRAMS market, and more.
The global contract research and manufacturing services market size 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 global CRAMS market size is expected to grow to $163.95 billion in 2026 at a CAGR of 8.2%.
The rising aging population with various chronic diseases is expected to have a positive impact on the growth of the contract research and manufacturing services market in the forecast period.
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The CRAMS market consists of sales of outsourcing services by entities (organizations, sole traders, and partnerships) that provide outsourcing research services or product manufacturing activities from low-cost providers in the form of contract research organization (CROs) 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 offers to a client a wide range of services from drug development to manufacturing.
Global CRAMS Market Segments Include:
By Service: Manufacturing, Research
By End-User: Pharmaceutical and Biotechnology Companies, Medical Device Companies, Academic Institutes
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the CRAMS market in 2021.
Artificial Intelligence (AI) is increasingly being used by the CRAMS market to strengthen its market position. Artificial Intelligence is a branch of computer science dealing with the simulation of human behaviour in machines. AI can help to avoid costly maintenance by predicting when maintenance is needed by supporting the healthcare system.
TBRC’s CRAMS market report covers:
Major Market Players: Boehringer Ingelheim International GmbH, Catalent Inc., Lonza Group Ltd., Pharmaceutical Product Development LLC, Baxter BioPharma Solutions, AbbVie, Grifols International S.A., and Dalton Pharma Services.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Contract Research And Manufacturing Services (CRAMS) Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides contract research and manufacturing services (CRAMS) market overviews, analyzes and forecasts market size, share, CRAMS market players, CRAMS market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s CRAMS market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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