The global Healthcare Contract Development and Manufacturing Organization Market accrued earnings worth approximately 207.2 (USD Billion) in 2020 and is predicted to gain revenue of about 390.1 (USD Billion) by 2028, is set to record a CAGR of nearly 8.7% over the period from 2021 to 2028.
The global Healthcare Contract Development and Manufacturing Organization Market accrued earnings worth approximately 207.2 (USD Billion) in 2020 and is predicted to gain revenue of about 390.1 (USD Billion) by 2028, is set to record a CAGR of nearly 8.7% over the period from 2021 to 2028. The report offers assessment and analysis of the Healthcare Contract Development and Manufacturing Organization Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
Healthcare Contract Development And Manufacturing Organization Market: Outlook
Healthcare Contract Development and Manufacturing Organization provide a slew of services on contractual basis ranging from drug production to new drug launches in pharmaceutical sector. It assists firms in outsourcing required business operations that requires external aid as well as enhanced scalability of firms. The firm offers services such as formal stability, batch registration, commercial production, clinical trials, method development, and formulation & pre-formulation development. Key aim of healthcare contract development and manufacturing firms is to promote end-to-end efficacy of business operations and provide seamless solutions to clients.
Healthcare Contract Development And Manufacturing Organization Market: Growth Factors
Expansion of healthcare contract development and manufacturing organization industry in next seven years can be ascribed to surge in outsourcing activities by pharmaceutical firms & high funding in research & development programs. In addition to this, medical devices are also contributing sizably towards growth of healthcare contract development and manufacturing organization business. Apparently, rise in end-to-end service providers offering value added solutions for risk sharing business model will upswing industry expansion. Industry participants are offering biotech & pharmaceutical solutions at cost-effective rates saving time of customers.
Furthermore, rise in medical equipment in developing economies and surge in number of firms focusing on research & development activities will drive market trends. Surge in efficiency of CDMO firms are set to contribute lucratively towards market size. Escalating need for enhancing quality assurance solutions will prop up expansion of healthcare contract development and manufacturing organization industry. New product launches are slated to influence business space.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Healthcare Contract Development And Manufacturing Organization Market: Regional Landscape
North American Market To Retain Dominant Status Over Forecast Timespan
Expansion of regional market over assessment period can be due to easy availability of healthcare infrastructure facility and availing of outsourcing services at lesser costs. In addition to this, massive need of medical equipment will translate into regional market growth. Furthermore, thriving pharmaceutical sector in countries such as the U.S. will contribute significantly towards regional market proceeds.
Competitive Insights
Key players influencing market growth and profiled in report are Covance Inc., Sanmina Corporation, Thermo Fisher Scientific Inc., Jabil Inc., Lonza Group Ltd., Siegfried Holding AG, Recipharm AB, Flex Ltd., IQVIA Holdings Inc., and Catalent Inc.
The global Healthcare Contract Development and Manufacturing Organization Market is segmented as follows:
By Services
By Region
Request the coronavirus impact analysis across industries and markets
Expansion of healthcare contract development and manufacturing organization industry in next seven years can be ascribed to surge in outsourcing activities by pharmaceutical firms & high funding in research & development programs.
According to Zion market research report, the global Healthcare Contract Development and Manufacturing Organization Market accrued earnings worth approximately 207.2 (USD Billion) in 2020 and is predicted to gain revenue of about 390.1 (USD Billion) by 2028, is set to record a CAGR of nearly 8.7% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to to easy availability of healthcare infrastructure facility and availing of outsourcing services at lesser costs.
The key market participants include Covance Inc., Sanmina Corporation, Thermo Fisher Scientific Inc., Jabil Inc., Lonza Group Ltd., Siegfried Holding AG, Recipharm AB, Flex Ltd., IQVIA Holdings Inc., and Catalent Inc.
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