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North American Healthcare CDMO Market Size, Share, Growth, Analysis and Forecast 2023-2030

12-04-2023 08:29 AM CET | Health & Medicine

Press release from: Orion Market Research

North American Healthcare CDMO Market Size, Share, Growth,

The North American healthcare CDMO market is projected to grow at a significant CAGR during the forecast period. The market is mainly driven due to significant growth in pharmaceutical contract manufacturing in the US and Canada. Outsourcing the manufacturing services in the pharmaceutical industry enables the companies to divert the workforce to other processing tasks, which as a result makes monetary savings and reduces the time for R&D activities. The drug development companies can save up to 30-35% of the drug development cost via contract manufacturing procedure. Therefore, to remain competitive in the market, contract manufacturing is considered crucial support for pharmaceutical companies.

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In the region, several pharmaceutical companies are focused on finding ways to minimize the cost of drugs, which in turn forced them to outsource drug manufacturing services. In January 2019, Cambrex Corp. acquired Avista Pharma Solutions to strengthen the position of Cambrex as a prominent fully integrated small molecule contract development and manufacturing organization (CDMO). Avista Pharma Solutions was a contract development, manufacturing, and testing organization. Avista's four sites in Durham, NC, Longmont, CO, Agawam, MA, and Edinburgh, Scotland, UK will be integrated into the global network of Cambrex. This will expand the company's geographical presence and strengthen its manufacturing capabilities.

North American healthcare CDMO Market - Segmentation

By Services

Contract Development
o Clinical

o Preclinical

o Laboratory Services

Contract Manufacturing
o Active Pharmaceutical Ingredients( API)

o Finish Dosage Formulations

o Medical Devices

A full report of North American Healthcare CDMO Market is available at: https://www.omrglobal.com/industry-reports/north-american-healthcare-cdmo-market

North American Healthcare CDMO Market- Segment by Region

North America

United States
Canada

Company Profiles

AbbVie Inc.
Baxter International, Inc.
Catalent Inc.
Covance Inc.
Cambrex Corp.
Hisun Pharmaceuticals Inc.
Jabil Inc.
Pfizer Inc.
Stason Pharmaceuticals, Inc.
Thermo Fisher Scientific Inc.

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

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. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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