Albany, NY -- (SBWire) -- 12/15/2017 --A research study on the global healthcare CMO market, recently published by Transparency Market Research (TMR), anticipate this market to rise at a healthy CAGR of 14.30% over the period from 2013 to 2019. The market is likely to experience an increase in its value from US$97.6 bn in 2012 to US$246.5 bn by the end of the forecast period.The research report is titled "Healthcare CMO Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019."
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The global Healthcare CMO Market is segmented on the basis of Service Type ,Geography.
Based on its regional spread, the research report has segmented the global healthcare CMO market into North America, Asia Pacific, Europe, and the Rest of the World. North America occupied the leading position in the overall market in 2012. However, Asia Pacific is likely to register expansion at the fastest CAGR of 17.80% over the forecast period.
The global healthcare CMO market is segmented into pharmaceutical contract manufacturing services and medical devices contract manufacturing services. Further, the pharmaceutical contract manufacturing services segment is classified as API (active pharmaceutical ingredients) manufacturing, FDF (final dosage formulations) manufacturing and packaging. Among these, contract FDF manufacturing segment is expected to experience a healthy growth rate during the forecast period of 2013 to 2019, due to the rise demand for generic drugs and increasing R&D investment by life sciences companies. In addition, rise in number of blockbuster drugs going off-patent and increased adoption of novel technologies are further boosting the growth of this market. Similarly, medical devices contract manufacturing services segment is further categorized into design outsourcing, device manufacturing and final goods assembly. Among these afore-mentioned services, the market for medical device contract manufacturing accounted for largest market share (87.7%) in 2012 and is expected to grow at an attractive growth rate during the forecast period of 2013 to 2019.
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Summary of Table of Content
1. Introduction
2. Executive Summary
3. Market Overview
4. Global Healthcare CMO Market, by Service Type
5. Global Healthcare CMO Market, by Geography
6. Recommendations
7. Company Profiles
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Global Healthcare CMO Market: Segmental Highlights and Table of Content (2013 – 2019)
Global Healthcare CMO Market to Reach US$246.5 bn by 2019, Asia Pacific to Report Highest Growth