Press release
Healthcare Contract Manufacturing Market by Leading Providers as Boehringer Ingelheim, Benchmark Electronics, Catalant, Patheon, Vetter Pharma International, Hamilton Company, etc
Healthcare Contract Manufacturing Market
Healthcare Contract Manufacturing Market – Highlights
Global Healthcare Contract Manufacturing Market is presumed to expand at 9.86 % CAGR during the forecast period (2017-2023) owing to the growing demand for medicine supplies, asserts Market Research Future (MRFR). Healthcare contract manufacturing is the outsourcing of the manufacturing process of drugs to contract manufacturing organizations. It serves other companies in pharmaceutical industries and medical devices to offer comprehensive services from drug development to drug manufacturing.
Drivers and Constraints Impacting the Market:
Patent protection expiration of major drugs along with medical devices and competition and economics of trade and production to favor CMO is likely to foster the market growth during the assessment period.
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The market is likely to expand owing to the growing demand for medical devices and drugs due to the increasing population in the emerging economies. Moreover, with the increasing demand for generic drugs, the rising number of patent expiries, and huge pipeline of drugs, the global market for healthcare contract manufacturing is anticipated to augment in the coming years.
On the flip side, issues of control of third parties coupled with complexities associated with supply chain are considered to retard the market growth over the assessment period. Also, rising complexities in the clinical trials along with lack of in-house laboratory capacity are likely to impede the growth of the market.
Players Covered:
The major players operating the global market are Boehringer Ingelheim, Benchmark Electronics, Catalant, Patheon, Vetter Pharma International, Hamilton Company, Aesica Pharmaceuticals, AbbVie, Grifols International, Flex Ltd, Lonza Ag, Forefront Medical Technologies, Sanmina Corporation, Evonik Industries, Mylan, S.A, Teva Pharmaceutical Industries, and others.
Global Healthcare Contract Manufacturing Market: Segmental Analysis
The global healthcare contract manufacturing market 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 %.
Industry News:
October 16, 2018: Piramal Enterprises Ltd. is weighing the sale of its contract pharmaceutical business in a potential deal worth $1 billion, citing unidentified people. Piramal Pharma Solutions offer services from drug discovery to development as well as commercial manufacturing, with operations in Europe, North America, and Asia. The company has sent out preliminary marketing materials to potential buyers.
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Regional Insights:
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.
Brief Table of Contents:
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Healthcare Contract Manufacturing Market, By Type
7 Global Healthcare Contract Manufacturing Market, By Service Type
8 Global Healthcare Contract Manufacturing Market, By Industry
TOC CONTINUED…!
List of Tables:
TABLE 1 LIST OF ASSUMPTIONS 19
TABLE 2 PRIMARY INTERVIEWS 22
TABLE 3 GLOBAL HEALTHCARE CONTRACT MANUFACTURING MARKET BY TYPE, 2014-2023 (USD BILLION) 43
TABLE 4 GLOBAL STERILE HEALTHCARE CONTRACT MANUFACTURING MARKET BY REGION, 2014-2023 (USD BILLION) 43
TABLE 5 GLOBAL NON-STERILE HEALTHCARE CONTRACT MANUFACTURING MARKET BY REGION, 2014-2023 (USD BILLION) 43
TABLE 6 GLOBAL HEALTHCARE CONTRACT MANUFACTURING MARKET BY SERVICE TYPE, 2014-2023 (USD BILLION) 46
TABLE 7 GLOBAL PHARMACEUTICAL CONTRACT MANUFACTURING MARKET BY REGION, 2014-2023 (USD BILLION) 46
TABLE 8 GLOBAL PHARMACEUTICAL CONTRACT MANUFACTURING MARKET BY SERVICE, 2014-2023 (USD BILLION) 46
TABLE 9 GLOBAL FDF MANUFACTURING MARKET BY TYPE, 2014-2023 (USD BILLION) 47
TABLE 10 GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET BY REGION, 2014-2023 (USD BILLION) 47
LOT CONTINUED….
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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