Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 271.49 Billion | USD 621.80 Billion | 8.64% | 2024 |
The global healthcare contract development and manufacturing organization market size was worth around USD 271.49 Billion in 2024 and is predicted to grow to around USD 621.80 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 8.64% between 2025 and 2034.
The report analyzes the global healthcare contract development and manufacturing organization market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the healthcare contract development and manufacturing organization industry.
Healthcare Contract Development and Manufacturing Organization provide a slew of services on a contractual basis ranging from drug production to new drug launches in the pharmaceutical sector. It assists firms in outsourcing required business operations that require 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. A key aim of healthcare contract development and manufacturing firms is to promote the end-to-end efficacy of business operations and provide seamless solutions to clients.
Expansion of healthcare contract development and manufacturing organization industry in the next seven years can be ascribed to a surge in outsourcing activities by pharmaceutical firms & high funding in research & development programs. In addition to this, medical devices are also contributing sizably towards the growth of healthcare contract development and manufacturing organization business. Apparently, the rise in end-to-end service providers offering value-added solutions for risk-sharing business models will upswing industry expansion. Industry participants are offering biotech & pharmaceutical solutions at cost-effective rates, saving time for customers.
Furthermore, the rise in medical equipment in developing economies and the surge in the number of firms focusing on research & development activities will drive market trends. The surge in the efficiency of CDMO firms is set to contribute lucratively toward market size. Escalating the need for enhancing quality assurance solutions will prop up the expansion of the healthcare contract development and manufacturing organization industry. New product launches are slated to influence the business space.
The global healthcare contract development and manufacturing organization market is segmented based on Service Type, Drug Type, Phase, End User, and region.
Based on Service Type, the global healthcare contract development and manufacturing organization market is divided into Contract Development, Contract Manufacturing.
On the basis of Drug Type, the global healthcare contract development and manufacturing organization market is bifurcated into Small Molecules, Biologics.
By Phase, the global healthcare contract development and manufacturing organization market is split into Preclinical, Clinical, Commercial.
In terms of End User, the global healthcare contract development and manufacturing organization market is categorized into Pharmaceutical Companies, Biotechnology Companies, Others.
Report Attributes | Report Details |
---|---|
Report Name | Healthcare Contract Development and Manufacturing Organization Market |
Market Size in 2024 | USD 271.49 Billion |
Market Forecast in 2034 | USD 621.80 Billion |
Growth Rate | CAGR of 8.64% |
Number of Pages | 175 |
Key Companies Covered | Lonza Group, Thermo Fisher Scientific, Catalent, IQVIA, Recipharm, Siegfried Holding, Jabil, Sanmina Corporation, Flex, Covance (Labcorp), Samsung Biologics, WuXi AppTec, Boehringer Ingelheim BioXcellence, Fujifilm Diosynth Biotechnologies, Patheon, and others. |
Segments Covered | By Service Type, By Drug Type, By Phase, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North American Market To Retain Dominant Status Over Forecast Timespan
Expansion of the regional market over the assessment period can be due to the easy availability of healthcare infrastructure facilities and availing of outsourcing services at lesser costs. In addition to this, the massive need for medical equipment will translate into regional market growth. Furthermore, a thriving pharmaceutical sector in countries such as the U.S. will contribute significantly towards regional market proceeds.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the healthcare contract development and manufacturing organization market on a global and regional basis.
The global healthcare contract development and manufacturing organization market is dominated by players like:
By Service Type
By Drug Type
By Phase
By End User
By Region
FrequentlyAsked Questions
The global healthcare contract development and manufacturing organization market is expected to grow due to pharmaceutical outsourcing trends, rising biologics demand, and the need for cost-effective drug development.
According to a study, the global healthcare contract development and manufacturing organization market size was worth around USD 271.49 Billion in 2024 and is expected to reach USD 621.80 Billion by 2034.
The global healthcare contract development and manufacturing organization market is expected to grow at a CAGR of 8.64% during the forecast period.
North America is expected to dominate the healthcare contract development and manufacturing organization market over the forecast period.
Leading players in the global healthcare contract development and manufacturing organization market include Lonza Group, Thermo Fisher Scientific, Catalent, IQVIA, Recipharm, Siegfried Holding, Jabil, Sanmina Corporation, Flex, Covance (Labcorp), Samsung Biologics, WuXi AppTec, Boehringer Ingelheim BioXcellence, Fujifilm Diosynth Biotechnologies, Patheon, among others.
The report explores crucial aspects of the healthcare contract development and manufacturing organization market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed