Global Healthcare Contract Research and Manufacturing Outsourcing Market to Post a CAGR of 12% | Technavio

LONDON–(BUSINESS WIRE)–#Health–The global healthcare contract research and manufacturing outsourcing
market is expected to post a CAGR of close to 12% over the period
2018-2022, according to the latest market research report by Technavio.


A key factor driving the market’s growth is the rising focus on drug
discovery and development. Pharmaceutical and biotechnology companies,
as well as research institutes worldwide, are increasingly investing in
R&D for drug discovery and development, owing to the rise in prevalence
of chronic diseases.

This market research report on the global
healthcare contract research and manufacturing outsourcing market

also provides an analysis of the most important trends
expected to impact the market outlook during the forecast period.
Technavio predicts an emerging trend as a major factor that has the
potential to significantly impact the market and contribute to its
growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

In this report, Technavio highlights the growth in the number of M&As as
one of the key emerging trends in the global healthcare contract
research and manufacturing outsourcing market:

Global healthcare contract research and
manufacturing outsourcing market: growth in the number of M&As

A significant number of medical devices and pharmaceutical and
biotechnology companies have reduced their R&D and operation budgets,
which has increased the demand for outsourcing drug discovery and
medical device development. Moreover, companies have consolidated their
infrastructure in response to the global economic meltdown, poor
prospects of growth in revenue, and expensive and inefficient
operations. Strategic partnerships between pharmaceutical companies and
CROs have resulted in the reduction of spending on manufacturing.

“Vendors in the market have adopted M&A as one of the main marketing
strategies to broaden their portfolio, access new geographies, and
consolidate their core business in existing as well as new markets. This
strategy has resulted in an increase in inorganic growth for companies,
especially the large players. These entities pursue M&A with the long
term objective of establishing their presence in new markets,”
says
a senior analyst at Technavio.

Global healthcare contract research and
manufacturing outsourcing market: Segmentation analysis

This market research report segments the global healthcare contract
research and manufacturing outsourcing market by application (drug
discovery and outsourcing, medical device manufacturing outsourcing) and
key regions (the Americas, APAC, and EMEA).

The Americas held the highest share of the global healthcare contract
research and manufacturing outsourcing market in 2017, accounting for a
market share of around 43%, followed by EMEA and APAC. Although APAC
held the smallest share of the market, it is expected to witness the
maximum increase in its market share over the forecast period. The
market share of this region will witness a significant increase of over
4% while the other two regions will see a decline in their share of the
market.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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