The global Healthcare Contract Development And Manufacturing Organization market size is expected to be worth around US$ 488.3 billion by 2030, according to a new report by Vision Research Reports.
The global Healthcare Contract Development And Manufacturing Organization market size was valued at US$ 304.8 billion in 2020 and is anticipated to grow at a CAGR of 18.6% during forecast period 2021 to 2030.
Growth Factors
Increasing outsourcing of R&D is one of the major factors contributing to the market growth. Healthcare contract development and manufacturing organization (CDMO) provides outsourcing services to various pharmaceutical industries on contract basis. Increase in the outsourcing by pharmaceutical companies, growing pharmaceutical industry, and support of CDMOs in reducing the operational and capital expenses are some of the major factors anticipated to propel the market growth over the forecast period.
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In addition, growing pressure on pharmaceutical and medical device companies to follow stringent timelines has increased the demand for outsourcing development and manufacturing activities to CDMOs. Further, due to increasing demand for medical devices in the emerging countries, various companies are shifting their focus on research and development and outsourcing medical devices. Also, rise in outsourcing of R&D and growing competency of CDMOs are expected to further contribute to the growing demand for early-stage development CDMOs by life science companies.
Key Players
Market Segmentation
In this study, the years considered to estimate the market size of Healthcare Contract Development And Manufacturing Organization are as follows:
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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