Pharmaceutical Companies' Aim to Achieve Cost Efficiency and Better Quality Fuels Demand from Global Healthcare CMO Market
Several medical and pharmaceutical companies are gradually outsourcing their manufacturing operations to third-party contract manufacturers with an aim to achieve efficiency in quality, capacity, cost, and time to market. Outsourcing specific manufacturing activities to third-party service providers also helps these companies obtain expertise in certain business categories, which may not be not available in-house. Furthermore, cost benefits, increasing cost pressure, and inclination of leading pharmaceutical companies to focus on marketing and R&D have spurred the demand for outsourcing certain operations....
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