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European Healthcare CDMO Market 2020 Size, Growth Analysis Report, Forecast to 2026
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Further, the increasing expenditure in the healthcare sector by European countries has also been observed. This is the major factor driving the growth of the European pharmaceutical contract manufacturing industry that propels the CDMO market. Additionally, contract manufacturing and research activities are pacing up to cater to the ever-increasing demands by the healthcare industry to provide advanced treatment options in Europe.
Moreover, the presence of global leader biotech companies including GlaxoSmithKline PLC, Boehringer Ingelheim GmbH, and other major biopharmaceutical companies in Europe makes it one of the leading markets in the global life science industry. The rise in R&D investment by these market players would significantly contribute to the growth of the European pharmaceuticals contract manufacturing market. AstraZeneca PLC has spent a large amount of fund of around $5.6 billion for R&D during 2016-2017.
Europe has made significant R&D in pharmaceuticals mainly due to the increasing drug discovery and research, and growing demand for innovative drugs. Additionally, the increasing investment of the government in the life sciences and biopharmaceuticals is further augmenting the growth of the market in the region.
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European healthcare CDMO Market – Segmentation
By Services
Contract Development
• Clinical
• Preclinical
• Laboratory Services
Contract Manufacturing
• Active Pharmaceutical Ingredients (API)
• Finish Dosage Formulations
• Medical Devices
European Healthcare CDMO Market – Segmentation by Region
• UK
• Germany
• France
• Italy
• Spain
Rest of Europe
Company Profiles
• AbbVie Inc.
• Almac Group Ltd.
• B. Braun Melsungen AG
• Boehringer Ingelheim International GmbH
• Jubilant Life Sciences Ltd.
• Lonza Group Ltd.
• Pfizer Inc.
• Probiogen AG
• Recipharm AB
• Siegfried Holding AG
• Thermo Fisher Scientific Inc.
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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