South East Asia Pharmaceutical Contract Development and Manufacturing Market (2025-2032)
The South East Asia Pharmaceutical Contract Development and Manufacturing Market is expected to reach $4.2 billion by 2032 at a CAGR of 8.3% from 2025 to 2032.
- Published
- Jan 2025
- Pages
- 150
- Format
- PDF + Excel
- Report ID
- MRHC - 104992
- Base year
- 2024
- 2032 · FORECAST
- $4.20B
- 2032
- $4.20B
- CAGR 2025–2032
- 8.3%
2024 baseline · 2025–2032 forecast at 8.3% CAGR · hover a bar for the value
Key highlights
The South East Asia Pharmaceutical Contract Development and Manufacturing Market is expected to reach $4.2 billion by 2032 at a CAGR of 8.3% from 2025 to 2032.
The biologics manufacturing services segment is expected to grow at the highest CAGR during the forecast period.
The large pharmaceutical companies segment is expected to account for the largest share of the market.
Singapore is expected to grow at the highest CAGR during the forecast period in South East Asia pharmaceutical contract development and manufacturing market.
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025–2032 |
| Market Size (2032) | USD 4.20 billion |
| CAGR (2025–2032) | 8.3% |
| Format | PDF, Excel & Cloud Portal · 150 pages |
| Segments Covered | By Type: Tablet Manufacturing Services, Capsule Manufacturing Services, Oral Liquid Manufacturing Services, Other Formulations, Active Pharmaceutical Ingredient (API) Manufacturing Services, Finished Dosage Forms (FDF) Manufacturing Services · By End User: Large Pharmaceutical Companies, Small & Mid-Size Pharmaceutical Companies, Generic Pharmaceutical Companies |
| Countries Covered | Asia-Pacific (Indonesia, Vietnam, Thailand, Singapore, Philippines, Malaysia, Rest of South East Asia) |
| Key Companies | Aenova Group, Wuxi Biologics, Inc., Vetter Pharma International GmbH, Catalent, Inc. (U.S.), Lonza Group Ltd., Almac Group (U.K.), Eurofins Scientific, Thermo Fisher Scientific, Inc. (U.S.), Jubilant Life Science Limited, Aurobindo Pharma Ltd., APD Pharmaceutical, Esco Aster Pte. Ltd. |
Report overview
Segments covered: type, end user. Regions: Asia-Pacific.
Pharmaceutical contract development and manufacturing organizations offer various services based on a contract to small or large pharmaceutical companies. These services include active pharmaceutical ingredient (API) manufacturing, finished dosage form (FDF) manufacturing, drug development & drug discovery services, and biologics manufacturing services. The COVID-19 pandemic positively impacts the pharmaceutical contract development and manufacturing market due to the increased demand for pharmaceutical products such as tablets, capsules, drugs, and vaccines.
The growth of the South East Asia pharmaceutical contract development and manufacturing market is attributed to the complex manufacturing requirements of the pharmaceutical industry, increasing investment in pharmaceutical R&D, rising demand for generic medicines and biologics, patent expiration, and increasing government funding for drug development and research. In addition, the growing demand for cell and gene therapies and personalized medicines and growth in high potency active pharmaceutical ingredients (HPAPI) and antibody-drug conjugates (ADC) markets are expected to offer significant opportunities for the growth of the pharmaceutical contract development and manufacturing market. However, the lack of skilled professionals is challenging the growth of this market.
Report infographic
Market dynamics
2 factors across 1 forceIncreasing Investment in Pharmaceutical R&D is Driving the Market
Healthcare R&D activities have significantly increased in the last two to three decades with rising investments from various government organizations and pharmaceutical companies. This funding is mainly driven by the rising prevalence of chronic diseases due to the growing geriatric population, complexities in clinical trials, and higher failure of drugs in early-phase studies. Government of South East Asia countries are increasing their funding for boosting pharmaceutical and biopharmaceutical research. In addition, several initiatives have been taken by the governments of respective countries to boost pharmaceutical R&D. For instance, the Singapore government, in 2018, introduced the Pharma Innovation Programme Singapore (PIPS). The program aims to bring the pharmaceutical industry and public research sector capabilities to increase the operational efficiency in Singapore’s pharmaceutical industry. The program has commenced operations in 2021.
Furthermore, pharmaceutical companies have also increased their spending on R&D. The extent of pharmaceutical R&D spending is an important metric to show a company's commitment to finding new drugs. Therefore, increasing government investments in pharmaceutical R&D is expected to expand the research pipeline, enhancing the number of products converted to usable forms with the help of pharmaceutical contract manufacturers and driving market growth. For instance, in 2021, Lonza Group AG (Switzerland) invested in expanding mammalian development services in Singapore. This investment will expand the current laboratory capabilities by establishing a new 1,800 Sq meter laboratory at Singapore Science Park.
Rising Demand for Generic Medicines and Biologics
The increasing prevalence of cancer, autoimmune, cardiovascular, and infectious diseases in South East Asia countries has resulted in the emergence of biopharmaceuticals or biologics as an important therapeutic class for treating these diseases. For instance, in 2022, the total cases registered for dengue in Vietnam were 361,813, with 133 deaths (Source: Vietnam Ministry of Health). The cases increased five-fold compared to 2021. Biologics offer numerous advantages over synthetic drugs by targeting specific sites and rarely causing side effects.
According to the International Diabetes Federation (IDF), as of 2021, Indonesia has the fifth-highest number of people with diabetes worldwide. This results in increasing approvals and the demand for biologics, such as therapeutic proteins and monoclonal antibodies (mAbs).
Furthermore, the COVID-19 pandemic and the rising incidences of infectious diseases significantly burdens the healthcare sector and boosts the demand for vaccines. For instance, in 2020, the outbreak of the COVID-19 pandemic imposed a huge burden on the pharmaceutical industry and increased the demand for vaccines and breakthrough drugs. Due to this increase, the demand for biopharmaceutical products has risen with the subsequent growth in the South East Asia pharmaceutical contract development and manufacturing market.
Table of contents
10 chapters · 80 sections · 150 pages · click to expandSegmental analysis
| Segment | Largest share (2025) | Fastest growth (2025–2032) |
|---|---|---|
| By Type | — | Biologics manufacturing services |
| By End User | Large Pharmaceutical Companies | — |
By Type
- The biologics manufacturing services segment is expected to grow at the highest CAGR during the forecast period.
- The growth of the biologics manufacturing services segment is driven by the growing inclination of biopharma and pharma companies towards outsourcing their activities to accelerate drug development workflow and the growth in the adoption of advanced technologies for biologics production.
- The increasing number of developments in the sector has resulted in pharmaceutical and biopharmaceutical companies outsourcing their manufacturing function to CDMOs.
- Additionally, the increasing prevalence of chronic diseases, the increasing advantages of biologics over synthetic drugs, and the demand and approvals for biologics support market growth.
- Biologics are also majorly used for diabetes management.
- Victoza and Trulicity are majorly used biologics for diabetes treatment.
- 19.5 million people were living with diabetes in Indonesia, which is expected to reach 28.6 million by 2045 (Source: IDF).
By End User
- The large pharmaceutical companies segment is expected to account for the largest share of the market.
- The factors attributing to the largest share of the market are the growing need for state-of-the-art processes and production technologies, the need for business expansion globally, the growing strategic focus of sponsors to focus on core business functions such as marketing and R&D, and continued efforts of pharmaceutical companies to reduce production costs.
- Furthermore, the outbreak of the COVID-19 pandemic has led CDMOs to enter into strategic partnerships or agreements for large-scale vaccine development and increase the manufacturing capacity of companies for drugs.
- In July 2022, WuXi Biologics (China) announced a ten-year plan with an investment of USD 1.4 billion to expand the company’s research, development, and large-scale drug substance and drug product (DS/DP) manufacturing capacity and capabilities in Singapore.
Geographic analysis
Asia-Pacific
Largest shareSingapore is expected to grow at the highest CAGR during the forecast period in South East Asia pharmaceutical contract development and manufacturing market. Growing government investments in the life sciences industry and the increasing prevalence of chronic diseases are the major factors generating high demand for pharmaceuticals in the country. Additionally, the strategic initiatives undertaken by key players and government agencies are supporting the market growth. In December 2022, GSK plc (U.K.), Takeda Pharmaceutical Company (Japan), and Sanofi S.A. (France) announced a partnership with Singapore’s Agency for Science, Technology, and Research (A*STAR) and various Singapore universities through Biologics Pharma Innovation Programme Singapore (BioPIPS), to enhance the Singapore's biologics manufacturing capabilities, including recombinant therapeutic proteins and vaccines. Singapore’s infrastructure and Intellectual property protection (IPP) make the territory a suitable offshore location for pharmaceutical and biotechnology companies. Also, the country is well recognized for the quality of its API and bulk drugs, and many companies from mature markets are inclined to use contract manufacturing in Singapore. Singapore: Largest Market
Competitive landscape
- Aenova Group · Germany
- Wuxi Biologics, Inc. · China
- Vetter Pharma International GmbH · Germany
- Catalent, Inc. (U.S.)
- Lonza Group Ltd. · Switzerland
- Almac Group (U.K.)
- Eurofins Scientific · France
- Thermo Fisher Scientific, Inc. (U.S.)
- Jubilant Life Science Limited · India
- Aurobindo Pharma Ltd. · India
- APD Pharmaceutical · Singapore
- Esco Aster Pte. Ltd. · Singapore
Frequently asked questions
The South East Asia pharmaceutical contract development and manufacturing market studies different types of services, such as pharmaceutical manufacturing services, drug development services, and biologics manufacturing services used by end users. The Southeast Asia pharmaceutical contract development and manufacturing market studied in this report involves the analysis of various segments at country levels.
Cite this report
Meticulous Research. (2025). South East Asia Pharmaceutical Contract Development and Manufacturing Market - Opportunity Analysis and Industry Forecast (2025-2032) (Report No. MRHC - 104992). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/south-east-asia-pharmaceutical-contract-development-and-manufacturing-market-5675