Global Healthcare Contract Manufacturing Market it is anticipated to reach at market value of US$ 89.5 Bn by 2024

1. Global Healthcare Contract Manufacturing Market it is anticipated to reach at market value of US$ 89.5 Bn by 2024 Bizizz Market Research has recently published a research report, “Healthcare Contract Manufacturing Market by Type (Pharmaceutical & biopharmaceutical manufacturing, Medical device manufacturing segment) and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2024”. As per the report, Global Healthcare Contract Manufacturing Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 89.5 Bn by 2024, witnessing a CAGR of 8.9 % during the forecast period. Key drivers of the market is Rising Trend of Outsourcing in the Healthcare Industry to Drive the Healthcare Contract Manufacturing Market. Several biopharma and medical device manufacturers are outsourcing the manufacturing of their products due to several benefits offered by the contact manufacturing organizations. Companies are strategically outsourcing production to reduce operational costs, lower drug development risks, adapt to shifting manufacturing requirements, gain access to manufacturing expertise and reduce drug commercialization development times. Additionally, there has been a steady growing demand for API contract manufacturing in recent years, which aids the growth of the healthcare contract manufacturing market. Furthermore, increasing preference for non-invasive surgical procedures is increasing demand for manufacturing large units of endoscopic systems and surgical instruments and several mid-sized organizations largely outsource the manufacturing of these systems, which in turn drives the growth of the healthcare contract manufacturing market. The Healthcare Contract Manufacturing market is anticipated to register a CAGR of over 8.9 % during the forecast period. To Have A Glimpse Of The Report Or To Avail The Free Sample Click The Link Below: https://bizizzmarketresearch.com/sample/global-healthcare-contract-manufacturing-market By Type,Pharmaceutical & Biopharmaceutical Manufacturing Segments held a key/prominent share in Global Healthcare Contract Manufacturing Market in 2018. Based on type, pharmaceutical & biopharmaceutical manufacturing holds the largest share in the global market as they rely heavily on contract manufacturing organizations for API manufacturing and drug manufacturing. In addition, the rising cost of research and the development of pharmaceutical drugs are also increasing the adoption of contract manufacturing in the pharmaceutical industry. North Americais anticipated to dominate the Global Healthcare Contract Manufacturing Market during the Forecast Period Among the regions, North America held the largest market share in the total addressable market. The U.S. dominates the market mainly owing to the presence of several contract manufacturing organizations. In addition, the presence of a large number of medical device manufacturers also contributes to its revenue growth. However, Asia Pacific is expected to grow with a considerable rate over the forecast period as countries such as China and India are growing as the pharmaceutical manufacturing centers. In addition,

2. the availability of low labor costs, cheap raw materials, and favorable regulations also promotes the growth of the Asia Pacific healthcare contract manufacturing market. Global Healthcare Contract Manufacturing market was highly consolidated with key players accounting for significant share in 2018. Prominent players operating in the Global Healthcare Contract Manufacturing Market are: Patheon N.V., Catalent, Inc., Lonza Group, Boehringer Ingelheim Group, PCI Pharma Services, Vetter Pharma-Fertigung GmbH & Co. KG, Almac Group, Dr. Reddy’s Laboratories, Famar SA, and Recipharm AB among several others. About Bizizz Market Research: Bizizz Market Research (BMR) is a unique market research, consulting, and business solution organization that offers best strategic and tactical support to customers to enhance their business decision process. BMR team is full of impassioned & dedicated experts who thrives to give their very best to their clients and always ready to take any challenge. Our expanding team of professionals & experts from a wide array of streams and vertical has critical problem solving skills, innovative approaches and research techniques to deliver best solution to our clients. We continuously pushing our capabilities to enhance our services and setting higher quality goals each day. BMR offers syndicated reports, custom reports and consulting services to our clients. We are capable of catering the market research demands of individuals and organizations of various industries across different geographies with utmost data accuracy in minimal turnaround time. Contact Us: Bizizz Market Research 410 E Santa Clara Street, Unit #762 San Jose, CA 95113 Phone: +1 408-622-0123 Email : sales@bizizzmarketresearch.com Website: www.bizizzmarketresearch.com `