Article -> Article Details
| Title | Healthcare Contract Manufacturing Market Report, Growth, Opportunities and Forecast – 2030 |
|---|---|
| Category | Fitness Health --> Health Articles |
| Meta Keywords | Healthcare Contract Manufacturing Market, Healthcare Contract Manufacturing Market Size, Healthcare Contract Manufacturing Market Industry, Global Healthcare Contract Manufacturing Market |
| Owner | Vaibhav |
| Description | |
| Healthcare Contract Manufacturing Market Healthcare contract manufacturing market is anticipated to
grow at 8.96% CAGR to reach USD 507.12 billion by 2030. The Americas holds
the largest share of the global healthcare contract manufacturing market owing
to the rising number of drug approvals as one of the factors fuelling the
growth. The patent expiries of blockbuster drugs are creating a new opportunity
to vendors to develop biosimilars at low cost. Thus, the market is anticipated
entry of biosimilars and generics, which is likely to further strengthen the
growth in this region. Healthcare Contract Manufacturing Market Trends and Analysis by Type, Service Type, Industry and Region -
Forecast till 2030. The European market
dominated the global healthcare contract manufacturings market owing to the
high prevalence rate of various disease in the Eastern European regions. The Asia Pacific
region is anticipated to be the fastest growing region over the forecast period
owing to the increasingly favorable government initiatives along with the
improving healthcare infrastructure. Major Key
Players: The global Healthcare Contract Manufacturing Market
Players is comprises many small and big companies.
Many new entrants are also expected to enter the market during the forecast
period. The giants of the market include Mylan, Hamilton Company, AbbVie,
Sanmina Corporation, Lonza Ag, Benchmark Electronics, Patheon, Catalant, Vetter
Pharma International, Forefront Medical Technologies, Grifols International,
Boehringer Ingelheim, Aesica Pharmaceuticals, Teva Pharmaceutical Industries,
S.A, and Evonik Industries, Flex Ltd among others. Segment Analysis The global healthcare
contract manufacturing market report has been
segmented on the basis of service
type, type, industry, and region. By mode of type, the global
healthcare contract manufacturing market has been
segmented into non-sterile and sterile. Among these, the non-sterile
contract manufacturing is estimated to hold the largest market share. By mode of service type, the
global healthcare contract manufacturing market has been segmented into medical device contract manufacturing services
and pharmaceutical contract manufacturing services. Among these, the
pharmaceutical contract manufacturing services are
presumed to hold the largest market share. By mode of industry, the global
healthcare contract manufacturing market has been
segmented into biopharmaceutical, medical device, and pharmaceutical.
Among these, the segment for medical devices is presumed to hold the largest
market share with 43.7 %. Regional Analysis Geographically, the global healthcare contract manufacturing market span
across America, Europe, Asia Pacific, and the Middle East and Africa. Among all the regions, the American region is anticipated to dominate
the global market due to the growing investment in the healthcare sector, focus
on research institutions on updating technologies, and presence of strong
economic conditions. American contract manufacturers have also upgraded their
factories and manufacturing capabilities. With cost-efficient models and
advanced manufacturing units, American contract manufacturers are making Asian
companies run for their money. The European region is considered to hold the second position in the
global market owing to the presence of high health care spending, and growing
support from the government. For instance, according to the Organization for
Economic Co-operation and Development, the expenditure on healthcare in Germany
in 2014 was EUR 321 billion. France recorded the second highest level with EUR
237 billion. Asia Pacific is presumed to be the fastest growing market due to the
presence of a large number of developing nations in this region, such as China
and India. Such developing countries are encouraging the growth of healthcare
contract manufacturing market. About Market Research
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