Market Size in 2020 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 207.2 Billion | USD 390.1 Billion | 8.7% | 2020 |
FrequentlyAsked Questions
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 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.
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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