Report ID: UCMIG35A2228
Report ID:
UCMIG35A2228 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Healthcare contract manufacturing had a market value of USD 211.9 billion in 2021, and from 2022 to 2030, it is anticipated to expand at a CAGR of 9.6%. Presently, the industry is observing significant developments including offshore, particularly in rising nations, and a shifting regulatory environment. Companies that manufacture pharmaceuticals and medical devices outsource their low-end work to contract manufacturing organisations (CMOs) to cut costs and shorten the time it takes for their products to reach the market. Future market growth is anticipated to be fueled by this trend. Demand for vital medical supplies including ventilators, personal protective equipment (PPE), and diagnostic tests has increased as a result of the COVID-19 epidemic.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2228