Formulation Development Outsourcing Market Size, Share and Trends Report 2026 to 2035

Report Id: 1848 Pages: 180 Last Updated: 21 January 2026 Format: PDF / PPT / Excel / Power BI
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Segmentation of Formulation Development Outsourcing Market :

Formulation Development Outsourcing Market Service Outlook

  • Preformulation
  • Formulation Development 

Formulation Development Outsourcing Market

Formulation Development Outsourcing Market Formulation Outlook-

  • Injectable
  • Oral
  • Topical
  • Inhaled
  • Others

Formulation Development Outsourcing Market Application Outlook-

  • Oncology
  • Genetic Disorders
  • Neurology
  • Infectious Disease
  • Respiratory
  • Cardiovascular
  • Other applications

Formulation Development Outsourcing Market By Region-

  • North America-
    • The US
    • Canada
  • Europe-
    • Germany
    • The UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific-
    • China
    • Japan
    • India
    • South Korea
    • South East Asia
    • Rest of Asia Pacific
  • Latin America-
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  •  Middle East & Africa-
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Formulation Development Outsourcing Market Snapshot

Chapter 4. Global Formulation Development Outsourcing Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis 
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Service Estimates & Trend Analysis
5.1. by Service & Market Share, 2025 & 2035
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2022 to 2035 for the following by Service:

5.2.1. Percutaneous Endovascular Aneurysm Repair (EVAR)
5.2.2. Fenestrated EVAR
5.2.3. Aortic Stents Biodegradable Stents
5.2.4. Self- Expanding Nitinol Stents
5.2.5. Thoracic Aortic Aneurysm Grafts
5.2.6. Other Devices

Chapter 6. Market Segmentation 2: by Formulation Estimates & Trend Analysis
6.1. by Formulation & Market Share, 2025 & 2035
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2022 to 2035 for the following by Formulation:

6.2.1. Ballon Angioplasty
6.2.2. Angioplasty With Stent Replacement
6.2.3. Drug-Eluting Stents Renal Artery Angioplasty and Stenting Carotid Artery
6.2.4. Thrombosis
6.2.5. Renal Artery Angioplasty and Stenting
6.2.6. Transfemoral Carotid Artery Revascularization
6.2.7. Intravascular Brachytherapy
6.2.8. Carotid Artery Stenting

Chapter 7. Market Segmentation 3: by Therapeutic Area Estimates & Trend Analysis
7.1. by Therapeutic Area & Market Share, 2025 & 2035
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2022 to 2035 for the following by Therapeutic Area:

7.2.1. Pulmonary
7.2.2. Vascular
7.2.3. Cardiology Surgery
7.2.4. Neurology
7.2.5. Radiology

Chapter 8. Formulation Development Outsourcing Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America

8.1.1. North America Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Service, 2022-2035
8.1.2. North America Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Formulation, 2022-2035
8.1.3. North America Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Therapeutic Area, 2022-2035
8.1.4. North America Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2035

8.2. Europe

8.2.1. Europe Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Service, 2022-2035
8.2.2. Europe Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Formulation, 2022-2035
8.2.3. Europe Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Therapeutic Area, 2022-2035
8.2.4. Europe Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2035

8.3. Asia Pacific

8.3.1. Asia Pacific Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Service, 2022-2035
8.3.2. Asia Pacific Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Formulation, 2022-2035
8.3.3. Asia-Pacific Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Therapeutic Area, 2022-2035
8.3.4. Asia Pacific Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2035

8.4. Latin America

8.4.1. Latin America Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Service, 2022-2035
8.4.2. Latin America Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Formulation, 2022-2035
8.4.3. Latin America Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Therapeutic Area, 2022-2035
8.4.4. Latin America Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2035

8.5. Middle East & Africa

8.5.1. Middle East & Africa Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Service, 2022-2035
8.5.2. Middle East & Africa Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Formulation, 2022-2035
8.5.3. Middle East & Africa Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by Therapeutic Area, 2022-2035
8.5.4. Middle East & Africa Formulation Development Outsourcing Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2035

Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles

9.2.1. SGS S.A.
9.2.2. Intertek Group plc
9.2.3. Recipharm
9.2.4. Lonza
9.2.5. Charles River Laboratories International, Inc.
9.2.6. Eurofins Scientific SE
9.2.7. Element
9.2.8. Labcorp
9.2.9. Thermo Fisher Scientific, Inc. (Patheon)
9.2.10. Catalent Inc. 
9.2.11. Other Prominent Players

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Formulation Development Outsourcing Market Size is valued at USD 43.22 billion in 2025 and is predicted to reach USD 92.23 billion by the year 2035

Formulation Development Outsourcing Market expected to grow at a 8.0% CAGR during the forecast period for 2026 to 2035

Charles Rover Laboratories (US), Laboratory Corporation of America (US), Intertek (US), Recipharm, Lonza, Element, Thermo Fisher Scientific, Inc.

Service, Application and Formulation are the key segments of the Formulation Development Outsourcing Market.

North America region is leading the Formulation Development Outsourcing Market.

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