Formulation Development Outsourcing Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 7% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 33.9 billion and is projected to reach USD 71.5 billion by the completion of 2034. Formulation Development Outsourcing refers to the process of hiring external entities or contract research & development firms to manage the development of pharmaceutical or chemical formulations.
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