Formulation is defined as the method in which different chemical substances including the main active ingredient are compounded to produce a final dosage form. Developed formulations should be stable, safe and acceptable to the patient.
Global Contract Pharmaceutical manufacturing market is estimated to reach $94.63 billion by 2022 from $65.55 billion in 2016, at a CAGR of 6.31% for 2016 to 2022 period. North America holds major share in Global Contract Pharmaceutical manufacturing market. Asia-Pacific especially India-is the fastest growing market. The main countries operating in this industry are US, Canada, China, India, Japan and Australia