Data Bridge Market Research analyses a growth rate in the contract manufacturing market in the forecast period 2022-2029. The expected CAGR of contract manufacturing market is tend to be around 6.95% in the mentioned forecast period. The market was valued at USD 211.9 million in 2021, and it would grow upto USD 362.72 million by 2029.
Global Contract Manufacturing Market Dynamics
Drivers
- Increasing Prevalence of Noninvasive Surgical Procedures
- The Option of Outsourcing
Opportunities
- Rising Incidence of Cardiovascular Diseases
The rising demand for cardiovascular devices as a result of increasing cases of associated conditions is attributed to the growth of outsourcing of these devices. Moreover, the high complexity of cardiovascular devices and the need for technical expertise result in higher outsourcing of these devices.
- Increasing Mergers and Acquisitions
Restraints/Challenges
- Lack of skilled professionals
- High Cost
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Contract Manufacturing Market Country Level Analysis
- The countries covered in the contract manufacturing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- The country section of the contract manufacturing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries.
Market Analysis and Insights - Global Contract Manufacturing Market
- Upsurge in the prevalence of oncological diseases globally is one of the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with ever-rising geriatric population is another market growth determinant. Rising research and development proficiencies, growing outsourcing by the major pharmaceutical companies and increasing personal disposable income will further generate lucrative market growth opportunities.
- However, high costs associated with logistics will derail the market growth rate. Rising capacity concerns especially in the developing and underdeveloped economies will further pose challenges for the market. Also, stringent regulations on product approvals will also hamper the market growth rate.
Contract Manufacturing Market Share Analysis
The Details analysis include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weakness, product launch, product width and breadth, application dominance.
Key Players Contract Manufacturing Market
- Baxter (U.S.)
- Lonza (Switzerland)
- Recipharm AB (Sweden)
- Jubilant Pharmova Limited (India)
- Catalent, Inc (U.S.)
- Abbvie Inc. (U.S.)
- FAMAR Health Care Services (Spain)
- Pfizer Inc. (U.S.)
- Siegfried Holding AG (Switzerland)
- Boehringer Ingelheim International GmbH (Germany)
- Evonik Industries AG (Germany)
MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Contract Manufacturing Market Segmentation
- Chapter Three: Contract Manufacturing Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Contract Manufacturing Market by Service
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-contract-manufacturing-market
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Contract Manufacturing Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Contract Manufacturing Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Contract Manufacturing Market
A roadmap of growth opportunities available in the Global Contract Manufacturing Market with the identification of key factors
The exhaustive analysis of various trends of the Global Contract Manufacturing Market to help identify market developments
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