CMOs provide independent manufacturing services in healthcare sector also . Healthcare CMOs can be segmented into pharmaceutical CMOs and medical device CMOs . After the discovery of chemical formula of a new drug , the pharmaceutical CMOs are given the task of manufacturing it into a whole product , so that the pharmaceutical companies are able to sell it into the market under their brand name . Services offered by pharmaceutical CMOs can be divided into two main activities : primary manufacturing ( Active Pharmaceutical Ingredients ) and secondary manufacturing ( Finished Dosage Formulation ). Contract manufacturing for medical devices is one of the fastest growing segments of the medical device industry , as companies are in the race to bring new devices to the market .
From last few years , many pharmaceutical CMOs have included development part into their activities , apart from manufacturing of drugs and they are called contract development & manufacturing organizations ( CDMOs ). The market for pharmaceutical CMOs and CDMOs can neither be taken as same , nor be taken as completely distinct from each other . Also , these two markets cannot be combined together , as it will exaggerate the global pharmaceutical CMO market .
The global healthcare CMO market has recorded a continuous growth since last few years and is expected to follow the same trend in coming years . The main driving factors for this growth are rise in global pharmaceutical industry , increased need for outsourcing , increased approvals and outsourcing of NMEs , innovations and increased regulatory pressure on quality . Yet there are some challenges , which healthcare CMO industry faces , such as fragmented nature of market , less preference for outsourcing of profitable and biological drugs by big pharmaceutical companies .
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Some points from table of contents :
1 . Executive Summary
2 . Introduction 2.1 Healthcare CMOs 2.1.1 Pharmaceutical CMOs 2.1.2 Medical Device CMOs 2.2 Pharmaceutical Outsourcing 2.3 Pharmaceutical CMOs v / s CDMOs
3 . Global Healthcare CMO Market : An Analysis 3.1 Global Healthcare CMO Market : Sizing and Growth 3.1.1 Global Healthcare CMO Market by Value 3.1.2 Global Healthcare CMO Market by Segments 3.2 Global Medical Device CMO Market : Sizing and Growth 3.2.1 Global Medical Device CMO Market by Value 3.2.2 Global Medical Device CMO Market by Players 3.2.3 Global Medical Device CMO Market by Cost Structure
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