The “Global Healthcare Contract Development & Manufacturing Organization Market (2021-2026) by services, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Healthcare Contract Development & Manufacturing Organization Market is estimated to be USD 209.5 Bn in 2021 and is expected to reach USD 314.8 Bn by 2026, growing at a CAGR of 8.5 %.
Market Dynamics
Key factors, such as the growing number of new molecular entities have led to a demand for high-end technical expertise. Also, at given times, to expedite the drug manufacturing process, pharma companies are depending on CDMOs for their niche technical expertise to get the product in the market.
In addition, companies are equally focusing on reducing the capital expenditure involved in manufacturing processes. These factors are prominently driving the growth of the contract development and manufacturing organization (CDMO) market.
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However, the serialization issues along with the infringement issues related to intellectual property are likely to restrain the market growth.
Market Segmentation
- The Global Healthcare Contract Development & Manufacturing Organization Market is segmented further based on services and Geography.
- By Services, the market is classified as contract development and contract manufacturing. Amongst the two, the contract manufacturing segment is estimated to hold the highest market share.
- By Geography, North America is projected to lead the market.
Recent Developments
- Moderna, Inc and Recipharm AB, a CDMO have drafted an agreement to support the formulation and fill-finish a part of the Moderna COVID-19 Vaccine supply outside the U.S. – 30th December 2020
- Siegfried has acquired two pharmaceutical manufacturing sites from Novartis based out of Spain. This is in view towards creating a center of excellence for the sites’ current technology portfolio in the Barcelona region. – 29th September 2020
Source: Finance.yahoo
