The global market for healthcare CDMO is projected to have considerable CAGR of around 7.6% during the forecast period. The growth of the healthcare CDMO market is attributed to the various factors including growing outsourcing by the pharmaceutical and medical device companies, growing investment in the R&D activities across the globe. In the recent years the demand of drugs and medicines have been increased significantly as well as many pharmaceutical companies conducting the process of drug development and deliver the drug into the market in substantial quantity.
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In pharmaceutical industry, the several large pharmaceutical companies are forming the collaboration and partnerships with the many contract manufacturing organizations. Moreover, the aspect of increasing the pharmaceutical contract development services is to identify the growth in biotechnology as well as most of the companies develops the drug compounds relating to the therapeutic areas that further contribute in the growth of the market.
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The global healthcare CDMO market is segmented based on services including the contract development and contract manufacturing. The contract development services include clinical, pre-clinical and laboratory services. Contract development services enables internal safety, medical, and regulatory team to emphasis on core competencies. Contract development services is beneficial for mid-sized companies too as having an outsourcing partner is important in ensuring compliance, quality, and controlling costs.
Among services, the contract manufacturing segment held a considerable share in the market. The segmental dominance is mainly due to significant adoption of outsourcing services by pharmaceutical companies. In the highly competitive world, the contract manufacturing industry is on the rise with the developing pharmaceutical and biotechnology companies, which are primarily targeting their resources towards marketing, in place of production and drug discovery
Global Healthcare Contract Development and Manufacturing Organization (CDMO) Market Segmentation
Global Healthcare CDMO Market by Services
• Contract Development
• Clinical
• Preclinical
• Laboratory Services
• Contract Manufacturing
• Active Pharmaceutical Ingredients( API)
• Finish Dosage Formulations
• Medical Devices
Global Healthcare Contract Development and Manufacturing Organization (CDMO) Market – Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
• AbbVie Inc.
• Almac Group Ltd.
• Baxter International, Inc.
• B. Braun Melsungen AG
• Boehringer Ingelheim International GmbH
• Catalent Inc.
• Covance Inc.
• Cambrex Corp.
• Hisun Pharmaceuticals Inc.
• Jabil Inc.
• Jubilant Life Sciences Ltd.
• Lonza Group Ltd.
• Mikart LLC
• Pfizer Inc.
• Probiogen AG
• Recipharm AB
• Siegfried Holding AG
• Sanmina Corp.
• Stason Pharmaceuticals, Inc.
• Thermo Fisher Scientific Inc.
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