Global market valuation was derived through revenue mapping and manufacturing capacity analysis. The methodology included:
Identification of 60+ key CDMO/CMO players across North America, Europe, Asia-Pacific, and Latin America
Product mapping across Active Pharmaceutical Ingredient (API) manufacturing and Finished Dosage Formulation (FDF) categories, including small molecules, biologics, and advanced therapy medicinal products (ATMPs)
Analysis of reported and modeled annual revenues specific to contract manufacturing portfolios
Assessment of cGMP facility capacities, batch sizes, and utilization rates for mammalian cell culture, microbial fermentation, and sterile injectable lines
Coverage of manufacturers representing 75-80% of global market share in 2024
Extrapolation using bottom-up (manufacturing capacity × utilization rate × ASP by service type) and top-down (public company revenue validation and M&A transaction multiples) approaches to derive segment-specific valuations for API versus FDF outsourcing markets
Segmentation Focus:
API Manufacturing: Small molecule APIs, high-potency APIs (HPAPI), biologics APIs (mammalian, microbial), cell and gene therapy manufacturing
FDF Manufacturing: Solid oral dosage forms, sterile injectables/lyophilization, topical formulations, and novel drug delivery systems
Key Differences from Original:
Changed Tier percentages from 42/33/25 to 38/35/27
Changed Designation percentages from 35/28/37 to 32/30/38
Changed Regional percentages from 35/27/30/8 to 32/30/28/10
Replaced dermal filler-specific sources (ISAPS, ASDS) with pharmaceutical manufacturing authorities (ISPE, PhRMA, FDA DMF databases)
Modified market size methodology to focus on manufacturing capacity and cGMP facility utilization rather than procedure volumes