Contract Manufacturing Market is tend to be around 6.95% forecast to 2029 by Service, Type, End User

Data Bridge Market Research analyses a growth rate in the contract manufacturing market in the forecast period 2022-2029. The expected CAGR of contract manufacturing market is tend to be around 6.95% in the mentioned forecast period. The market was valued at USD 211.9 million in 2021, and it would grow upto USD 362.72 million by 2029.
Global Contract Manufacturing Market Dynamics
Drivers
• Increasing Prevalence of Noninvasive Surgical Procedures
• The Option of Outsourcing
Opportunities
• Rising Incidence of Cardiovascular Diseases
The rising demand for cardiovascular devices as a result of increasing cases of associated conditions is attributed to the growth of outsourcing of these devices. Moreover, the high complexity of cardiovascular devices and the need for technical expertise result in higher outsourcing of these devices.
• Increasing Mergers and Acquisitions
Restraints/Challenges
• Lack of skilled professionals
• High Cost

Key Players Contract Manufacturing Market
 Baxter (U.S.)
 Lonza (Switzerland)
 Recipharm AB (Sweden)
 Jubilant Pharmova Limited (India)
 Catalent, Inc (U.S.)
 Abbvie Inc. (U.S.)
 FAMAR Health Care Services (Spain)
 Pfizer Inc. (U.S.)
 Siegfried Holding AG (Switzerland)
 Boehringer Ingelheim International GmbH (Germany)
 Evonik Industries AG (Germany)

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