Healthcare CMO Market by Service Type (Pharmaceutical CMO Services, Medical Device CMO Services), by Type (Event-Driven Patient Tracking, Real-Time Locating Systems), Geography, and Forecast
Healthcare CMO Market Size And Forecast
The Global Healthcare CMO Market was valued at USD 79.47 Billion in 2018 and is projected to reach USD 210.08 Billion by 2026, growing at a CAGR of 11.8% from 2019 to 2026.
Global Healthcare CMO Market Overview
An organization or firm select CMO because it they want to shift its cost, want to focus on its core activity or requirement of special or expert handling in product development. Global healthcare contract manufacturing organizations market occupies a significant portion in the overall outsourcing market. Pharmaceutical and medical devices companies are looking for various strategies to improve product portfolio, to reduce cost, to improve efficiencies and to reduce time. Also, pharmaceutical, biotechnological and life sciences companies are outsourcing their manufacturing process due to economic burden, technological advances and increased financial crises so that outsourcing will provide cost benefits in minimum time. Furthermore, factors that are boosting Healthcare CMO Market are increase in number of drugs going off patent and growing advancement in technology. In addition, increased usage and developments of generic drugs and increase in investment by government as well as companies in R;D are driving market growth of Healthcare CMO Market.
Key players In Healthcare CMO Market
The Global Healthcare CMO Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as
- Accellent, Inc.
- Boehringer Ingelheim GmbH
- Catalent Pharma Solutions, Inc.
- Lonza Group
- Patheon, Inc.
- Piramal Healthcare
- Symmetry Medical, Inc.
- Greatbatch, Inc.
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