Diagnostic Contract Manufacturing Market Analysis, Share, Drivers, Growth 2024-2033: Strategic Examination

"The new report published by The Business Research Company, titled ""Diagnostic Contract Manufacturing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the diagnostic contract manufacturing market size has grown rapidly in recent years. It will grow from $27.44 billion in 2023 to $31.29 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The diagnostic contract manufacturing market size is expected to see rapid growth in the next few years. It will grow to $53.74 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%.

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Rising Emphasis On Preventive Healthcare Drives Growth In Diagnostic Contract Manufacturing Market
An increasing focus on preventive healthcare is expected to propel the growth of the diagnostic contract manufacturing market going forward. Preventive healthcare refers to measures taken to prevent the occurrence or development of disease, illness, or injury. The focus on preventive healthcare is due to rising healthcare costs, shifts in healthcare priorities, a rise in chronic diseases, and population aging. Diagnostic contract manufacturing contributes to increasing the focus on preventive healthcare by providing essential diagnostic tools and tests, offering customized solutions, ensuring quality and regulatory compliance, supporting scalability, and enabling cost-effective solutions for disease prevention and early intervention. For instance, in March 2024, according to a report published by Eurostat, a Luxembourg-based government statistical agency, in 2021, expenditure on preventive healthcare in the EU surged by 88.2% compared to the previous year, reaching 0.65% of GDP. Further, immunization programs witnessed a notable rise in their share of total preventive care spending, increasing from 13.7% in 2020 to 29.1% in 2021. Therefore, an increasing focus on preventive healthcare drives the diagnostic contract manufacturing market.

Strategic Partnerships Driving Innovation In Diagnostic Contract Manufacturing
Major companies operating in the diagnostic contract manufacturing market are adopting a strategic partnership approach to support the production of diagnostic equipment and gain a competitive advantage. A strategic partnership typically refers to a collaborative relationship between two or more organizations combining their resources, expertise, and efforts to achieve common goals or objectives. For instance, in July 2022, Highfield Diagnostics Ltd., a UK-based diagnostics company, collaborated with SCIENION GmbH, a Germany-based bio convergence company offering diagnostic contract manufacturing services, for the development and deployment of equipment for mass manufacturing lateral flow tests (LFTs) incorporating HDx's flowDx technology. The collaboration aims to utilize SCIENION's manufacturing capabilities to finalize equipment designs and manufacturing processes for cost-effective and high-throughput production of flowDx-enabled LFTs. flowDx technology, developed over seven years of academic research, enables precise control of fluidic flows in LFTs, allowing for parallel multiplexing, enhanced accuracy, and semi-quantitative results.

The diagnostic contract manufacturing market covered in this report is segmented -

1) By Service: Device Development And Manufacturing Services, Quality Management Services, Packaging And Assembly Services, Other Services
2) By Application: In Vitro Diagnostic Devices, Diagnostic Imaging Devices, Other Applications
3) By End User: Medical Device Companies, Pharmaceutical And Biopharmaceutical Companies, Other End Users

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Major companies operating in the diagnostic contract manufacturing market are Thermo Fisher Scientific Inc., Abbott Laboratories, Jabil Inc., Flex Ltd., Becton Dickinson and Company (BD), TE Connectivity Ltd., Sekisui Diagnostics LLC, Sanmina Corporation, Celestica Inc., Nipro Medical Corporation, Philips-Medisize Corporation, Plexus Corp, West Pharmaceutical Services Inc., Benchmark Electronics Inc., Bio-Rad Laboratories, QIAGEN N.V., Kimball Electronics Inc., Integer Holdings Corporation, Bio-Techne Corporation, Nolato AB, Nova Biomedical Corporation, Meridian Bioscience Inc., Fujirebio Inc., Biokit S.A., Invetech Pty. Ltd., KMC Systems, Savyon Diagnostics Ltd., Prestige Diagnostics U.K. Ltd., Cenogenic Corporation, Avioq Inc.

Contents of the report:
1. Executive Summary
2. Diagnostic Contract Manufacturing Market Report Structure
3. Diagnostic Contract Manufacturing Market Trends And Strategies
4. Diagnostic Contract Manufacturing Market - Macro Economic Scenario
5. Diagnostic Contract Manufacturing Market Size And Growth
…..
27. Diagnostic Contract Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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