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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