Healthcare Contract Development and Manufacturing Organization Market Size Report, Industry Share, Analysis, Growth, Trends, Forecast, 2021-2028

Healthcare Contract Development And Manufacturing Organization Industry Perspective:

The global Healthcare Contract Development and Manufacturing Organization Market size 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 an 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).

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Healthcare Contract Development And Manufacturing Organization Market: Outlook

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.

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Healthcare Contract Development And Manufacturing Organization Market: Growth Factors

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.

Healthcare Contract Development And Manufacturing Organization Market: Report Scope

Healthcare Contract Development And Manufacturing Organization Market: Regional Landscape

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.

Competitive Insights

Key players influencing market growth and profiled in the 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.
• Catalent Inc.

The global Healthcare Contract Development and Manufacturing Organization Market is segmented as follows:

By Services

• Contract Manufacturing
• Contract Development

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa