At 12.2% of CAGR Healthcare Contract Manufacturing Organization Market is hitting $223,355.6 Million till 2027 led by Recipharm AB, Fareva, Lonza, Piramal Enterprises, Dr. Reddy’s Laboratories, Almac Group, FAMAR Health Care Services

According to a new market research study titled ‘Healthcare CMO Market to 2027 – Global Analysis and Forecasts by Service and Geography. The global healthcare CMO market is expected to reach US$ 223,355.6 Mn in 2027 from US$ 80,479.4 in 2018. The market is estimated to grow with a CAGR of 12.2% from 2019-2027. The market is expected to grow due to increasing contract manufacturing of the active pharmaceutical ingredients (API) for the pharmaceutical contract manufacturing services.

Healthcare CMO Market to 2027 – Global Analysis and Forecasts By Service (Pharmaceutical Contract Manufacturing Services and Medical Device Contract Manufacturing Services), and Geography

Contract manufacturing organization (CMO) also known as contract development and manufacturing organization is a company that serves several other companies in the medical devices as well as pharmaceutical and biopharmaceutical sector with comprehensive services from development, manufacturing to packaging. These services are outsourced by various OEM players in the business in order to help with the scalability, and save marginally on production costs.

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Asia-Pacific is the fastest growing geographic market and it is anticipated to be the third largest revenue contributor throughout the forecast period. Asia Pacific is recognized as an emerging market for the pharmaceutical and biopharmaceutical industry across the world. The growth is defined by the cost effective manufacturing of the pharmaceutical products and rising healthcare expenditures by the various countries in the region.

Market leaders are involved in activities such as, acquisitions & mergers and service launches. For instance, In June, 2018, Lonza expanded its late-stage clinical and commercial encapsulation capabilities for solid oral and inhaled dosage forms in North America. And the other instance took place in April, 2018 Almac Group expanded its US commercial packaging capabilities at its Audubon, PA facility.

-Royal DSM
-Catalent, Inc
-Boehringer Ingelheim International GmbH
-Recipharm AB (publ)
-Piramal Enterprises Ltd
-Dr. Reddy’s Laboratories Ltd.
-Almac Group
-FAMAR Health Care Services

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The healthcare CMO is a well-established market in nature with consisting of the good and enormous number of players, having considerable revenue in the market. Most of the companies operating in the healthcare CMO market are offering their services to the pharmaceutical and medical device companies in the North American, European, Asia Pacific, Middle East, African and South and Central American regions. The CMO have expanded their production facilities in these regions and also have a tough competition by the existing players of these regions.

Global Healthcare CMO Market – By Service
-Pharmaceutical Contract Manufacturing Services
-Active Pharmaceutical Ingredients (API) Manufacturing
-Final Dosage Form Manufacturing
-Medical Device Contract Manufacturing Services
-Outsourcing Design
-Device Manufacturing
-Final Goods Assembly

Global Healthcare CMO Market – By Geography
-North America
-Asia Pacific
-South Korea
-Middle East & Africa
-Saudi Arabia
-South Africa
-South & Central America

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Posted by on Monday March 25 2019, 8:02 AM EST. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Consumer & Retail, Featured Press Release, Healthcare, Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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