The Global Healthcare Contract Manufacturing Market is profoundly stimulated by factors such as rising health-care costs, growing research and development costs of drugs, rising patent influx, and increasing need for drug and medical instruments. However, patent expiration is likely to bring down sales and affect the market.
According to MRFR, the period of 2016-2023 will witness sales loss of roughly USD 75 billion owing to patent expiration. Generics too pose a considerable threat to the healthcare contract manufacturing market. Generics will affect the drug sales of around USD 60 billion during the forecast period. Other constraints for the global healthcare contract manufacturing market include supply chain complications and issues related to control of third party.
Healthcare Contract Manufacturing Industry Updates
• In May, 2018, Vivimed Labs Ltd., a pharmaceuticals firm announced the acquisition of Hungary-based contract development and manufacturing company, SONEAS by its bulk drug business UQUIFA. According to Vivimed, the procurement is a step towards expansion into contract development and manufacturing.
• Integer Holdings Corp., a medical devices contract manufacturer has signed off a deal to sell its advanced surgical and orthopedics product to MedPlast LLC for 600 million dollars. The acquisition will broaden the horizons of both the companies.
• Norman Noble Inc., a contract manufacturer of generation medical implants, has now added additive manufacturing, as a part of its capabilities. They are also trying to develop the production of additive manufactured parts from magnesium and nitinol.
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Global Healthcare Contract Manufacturing Market Segmentation:
The global healthcare contract manufacturing market has been segmented into type, industry and service type. Based on type, it is segmented into non-sterile and sterile. Based on industry, it is segmented into pharmaceutical, biopharmaceutical and medical device. Based on service type, it is segmented into pharmaceutical contract manufacturing services and medical device contract manufacturing services.
The global healthcare contract manufacturing market is comprises many small and big companies. Many new entrants are also expected to enter the market during the forecast period. The giants of the market include Mylan, Hamilton Company, AbbVie, Sanmina Corporation, Lonza Ag, Benchmark Electronics, Patheon, Catalant, Vetter Pharma International, Forefront Medical Technologies, Grifols International, Boehringer Ingelheim, Aesica Pharmaceuticals, Teva Pharmaceutical Industries, S.A, and Evonik Industries, Flex Ltd among others.
Healthcare Contract Manufacturing Market Regional Analysis:
On the basis of region, the global healthcare contract manufacturing market has been segmented into Americas, Europe, Asia-Pacific and the Middle East & Africa. The Americas account for the largest share of the market. The American healthcare contract manufacturing market is thriving due to the strong economic conditions and presence of robust manufacturing capabilities in the region. Europe stands second, followed by Asia-Pacific and the Middle East and Africa. Europe holds the second position owing to huge expenditure on healthcare by the government. The economic upsurge in Asia Pacific has favored the growth of the market in the region and it is the fastest-growing market for healthcare contract manufacturing. Meanwhile, lack of adequate medical facilities in the MEA is undermining the growth of the market in the region. However, the region has significant growth potential with countries such as Qatar and Kuwait focusing on development of the healthcare sector.
Major Table of Contents for Healthcare Contract Manufacturing Market:
1 MARKET INTRODUCTION
1.2 Scope Of The Study
1.3 List Of Assumptions
1.4 Market Structure
2 RESEARCH METHODOLOGY
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 MARKET DYNAMICS
3.2.1 Material Mix Changes Providing Opportunities For New Players
3.2.2 Increase In Global Demand For Point Of Care Testing
3.2.3 Rising Awareness About Importance Of Controlled Drug Delivery
3.2.4 Shifting Trend In Micropump Manufacturing
3.2.5 Increased Acceptance And Use In Biomedical Research
3.2.6 Rising Prevalence Of Chronic And Fatal Diseases
3.2.7 High Demand For Microfluidic Systems In Military Medical Units
3.2.8 Drivers Impact Analysis
3.3.1 Geometrical And Surface Chemistry Issues
3.3.2 Adherence To Stringent Regulatory Requirements
3.3.3 Restraints Impact Analysis
3.4.1 New Product Innovations
3.4.2 The Rise In Partnerships And Collaborations
3.4.3 Development Of Wireless Implantable Micropump Devices
4 MARKET FACTOR ANALYSIS
4.1 Value Chain Analysis
4.1.1 Raw Material
4.2 Porter’s Five Forces Model
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Suppliers
4.2.3 Bargaining Power Of Buyers
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