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Allied Market Research

Healthcare Contract Development and Manufacturing Organization Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A11135
Pages: NA
Jun 2021 | 57 Views
 
Author(s) : Onkar Sumant
Tables: NA
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Healthcare Contract Development and Manufacturing Organization are the institutions in the Pharmaceutical industry on a contract basis to offer wide-ranging services starting from drug development through drug manufacturing. This contract allows majority of pharmaceutical companies to outsource those parts of the business, which can support with scalability or can let the major company to emphasize on drug discovery and drug marketing instead. There are various services offered by pre-formulation, stability studies, formulation development, method development, clinical trials, scale-up, formal stability, commercial production and registration batches. The aim of service providers is to concentrate on a specific technology or dosage form and also promote end-to-end continuity and efficiency for all of their outsourcing clients.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Services and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Lonza Group Ltd., IQVIA Holdings Inc., Siegfried Holding AG, Catalent Inc., Covance Inc., Recipharm AB, Jabil, Sanmina Corporation, Flex and Thermo Fisher Scientific Inc.


COVID-19 scenario analysis:

Coronavirus disease 2019 (COVID-19) is the main cause due to which the forced lockdown is carried out, resulting into great economic loss globally. COVID-19 pandemic has fraught healthcare system globally and developed countries are projected to cause economic downturn. The pandemic has an adversative impact on the healthcare system, resultant in 50% to 70% drop in revenue from March. The small hospitals, clinics and nursing homes, have been asked and enforced to shut their operations. As a result of social distancing reduction in number of elective surgical procedures during the pandemic, in order to avoid the hospital acquired infections. In addition, visa terminations have led to a break in medical tourism and can deleteriously impact the healthcare services market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The key factor which is anticipated to propel the market includes rise in the demand to outsource various activities which is time consuming by the pharmaceutical industries. The growth in the pharmaceutical industry would help the market grow significantly in the coming years. The rise in the support of CDMOs in dropping the capital and operational expenses would help the market gain maximum revenue in the near future. The surge in the regulatory affairs, which are favorable and quality assurance services are the factors driving the market in the coming years. Furthermore, the higher logistics costs and threat to the infringement to Intellectual Property rights (IP) may hinder the growth of the market in the forecast period.

The global healthcare contract development and manufacturing organization market trends are as follows:

New product launches and expansions to flourish the market

The launch of new products for outsourcing the various processes involved in pharmaceutical industries and the expansion posed by the key market players would propel the market growth in the near future. For instance, October 2019, ANI Pharmaceuticals announced the launch of its own contract development and also manufacturing organization (CDMO). It has named this organization as ANI Global Source which is proposed to be supporting the pharmaceutical industries in late-stage development to commercial manufacture for the small molecule drug products.

Furthermore, in December 2019, Thermo Fisher Scientific Inc. announced that it had opened a new viral vector CDMO, in about USD 90 million in Lexington. It is said that the organization will be able to assist in the development, testing and the manufacturing of viral vectors, which are major parameters for the advancement as new life-saving gene and cell therapies worldwide.

Surge in mergers and acquisitions to boost the market

The growth in the acquisitions and the definitive agreements carried out by the key market leaders are anticipated to help the market grow significantly in the forecast period. For instance, in November 2018, Cambrex had declared that it acquired Avista, which is a contract development and manufacturing organization. It offered a broad range of services ranging from the initial drug development and current good manufacturing processes to microbiology testing, stand-alone and solid state sciences.

In addition, in November 2019, Recipharm, which is a pharmaceutical service firm that is based in Stockholm announced that it will acquire Consort Medical, which is a British supplier of the drug-delivery devices and also offers manufacturing services for approximately $650 million.

Key segments covered:

Segments

Sub-segments

  Service

  • Contract Manufacturing
  • Finished Dose Formulations
  • API/Bulk Drugs
  • Medical Device
  •  Class I
  •  Class II
  • Class III
  • Contract Development
  • Preclinical
  • Toxicology Testing
  • Bioanalysis and DMPK studies
  • Other Preclinical Services
  • Clinical
  • Phase I
  • Phase II
  • Phase III
  • Phase IV
  • Laboratory Services
  • Analytical Services
  • Bioanalytical Services


Key benefits of the report:

  • This study presents the analytical depiction of the global healthcare contract development and manufacturing organization industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global healthcare contract development and manufacturing organization market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the healthcare contract development and manufacturing organization market research report:

  • Which are the leading market players active in the healthcare contract development and manufacturing organization market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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  • Regional government and statistical databases for macro analysis
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  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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