24-Jan-2022 | Zion Market Research
According to study of Zion Market Research, Healthcare Contract Development and Manufacturing Organization industry gathered revenue worth nearly US$ 207.2 billion in 2020 and is predicted to gain returns about US$ 390.1 billion by 2028. Additionally, Healthcare Contract Development and Manufacturing Organization market is prognosis to register CAGR of almost 8.7% in 2021-2028. Moreover, expansion of healthcare contract development and manufacturing organization market over forecasting timespan is subject to surging support of various governments towards contract development and manufacturing organizations resulting in reduced operational expenditure. In addition to this, necessity of improving quality assurance services in healthcare industry will result in proliferating growth for healthcare contract development and manufacturing organization industry. Apparently, product innovations and growing focus of firms for expanding their regional reach will spearhead industry growth. However, huge logistics expenditure and infringement threat to copyrights will impede expansion of healthcare contract development and manufacturing organization market.
Contract Manufacturing Segment To Dominate Services Landscape By 2028
Expansion of segment over assessment period is owing to high penetration of contract manufacturing services in healthcare contract development and manufacturing organization industry. Apart from this, growing demand for contract manufacturing solutions in medical devices sector as well as pharmaceutical sector will drive segmental surge.
Asia Pacific Market To Register Highest CAGR Of About 9.6% Over 2021-2028
A prominent upswing in growth of healthcare contract development and manufacturing organization in Asia Pacific zone over next seven years can be ascribed to high focus of regulatory authorities on quality control in activities such as medical equipment production. Furthermore, thriving medical tourism sector in developing countries such as Thailand and India will prop up regional market size.
Some of key players have strongly leverage market revenue gains and will continue to do so even in forthcoming years. They are IQVIA Holdings Inc., Covance Inc., Sanmina Corporation, Flex Ltd., Thermo Fisher Scientific Inc., Jabil Inc., Lonza Group Ltd., Recipharm AB, Siegfried Holding AG, and Catalent Inc.
Browse the full “Healthcare Contract Development And Manufacturing Organization Market- By Services (Contract Manufacturing And Contract Development): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028.” Report at https://www.zionmarketresearch.com/report/healthcare-contract-development-manufacturing-organization-market
The global Healthcare Contract Development and Manufacturing Organization Market is segmented as follows:
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