Healthcare CMO Market Research Report by Service and By Geography and Forecast upto 2019

Global Healthcare CMO Market: Overview

A majority of medical devices and pharmaceutical manufacturing companies around the world are gradually outsourcing their production activities to contract manufacturers to achieve cost efficiency and focus on their core competencies. Through this, the companies are aiming to capitalize on specific expertise in a given business category, which may not be available in house. The trend is thus expected to bolster opportunities for the global healthcare contract manufacturing outsourcing (CMO) market.

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The report studies the global healthcare CMO market based on services and its regional segments. By service, the market is bifurcated into medical device CMO services and pharmaceutical CMO services. Of these, the pharmaceutical CMO services segment led the market with a share of 55.4% in 2012.

It presents a holistic overview of the global healthcare CMO market, covering drivers and restraints affecting its trajectory and various market segments. The report is aimed at providing better perspective about the global healthcare CMO market to the stakeholders hence it studies in detail the various factors affecting its growth across the key segments. Besides this, it identifies lucrative opportunities across key regional segments.

Global Healthcare CMO Market: Trends and Opportunities

Contract manufacturing outsourcing involves certain manufacturing activities that were previously executed by the producers. Despite being an emerging trend, the technology has taken over the healthcare industry by storm, with leading players outsourcing their manufacturing activities to contract manufacturers with an intent of reducing cost incurred on production without compromising on the product quality. The practice also helps these companies capitalize on the expertise of contract manufacturers, while concentrating on their core activities at the same time.

As per the report, the market is considerably gaining from the presence of a skilled workforce at a lower cost in emerging economies, encouraged by which healthcare companies are outsourcing certain manufacturing activities. Therefore, efforts taken by pharmaceutical and medical devices companies to restructure their manufacturing processes alongside other activities involved in the production of medical devices have strengthened the global contract manufacturing market in the healthcare industry.

Global Healthcare CMO Market: Regional Outlook

Regionally, Europe, North America, Asia Pacific, and Rest of the World constitute the key segments in the global healthcare CMO market. Of these, the dominance was enjoyed by North America as it occupied overall the largest share in 2012. However, the healthcare CMO market is expected to record highest growth in Asia Pacific at a CAGR of 17.80% between 2013 and 2019.

The implementation of favorable government regulations and amendments in intellectual property protection right are the chief drivers that will boost the Asia Pacific healthcare CMO market on a legislative front. Besides these, the market is also expected to gain from the rising uptake of novel technologies in the region. Labor cost in Asia Pacific is considerably low, which during the forecast period is likely to aid the expansion of the healthcare CMO market in the region.

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Global Healthcare CMO Market: Vendor Landscape

Piramal Healthcare, Symmetry Medical Inc., Fareva, Greatbatch Inc., Patheon Inc., Boehringer Ingelheim GmbH, Accellent Inc., Lonza Group, Catalent Pharma Solutions Inc., and DSM are some of the major companies operating in the global healthcare CMO market. Their solutions and services they offer are recognized and widely acknowledged as the most prominent ones around the world. The report therefore presents a detailed assessment of marketing strategies they adopted over the years and the impact of the same on the overall market. It includes a detailed profiles of these companies and conducts SWOT analysis to study their strengths and weaknesses and present insight into opportunities and threats that these companies may witness in the forecast period.

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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This release was published on openPR.