Global Healthcare Contract Manufacturing Outsourcing Market: Market Research by Knowledge Sourcing Intelligence
Global Healthcare Contract Manufacturing Outsourcing (CMO) market is projected to witness at a healthy CAGR during the forecast period. Increasing healthcare costs is pushing pharmaceutical companies and medical device manufacturers to outsource certain processes to focus on core competencies, such as R&D and marketing. Furthermore, high competition in the global healthcare industry requires market players to tap new opportunities in terms of the manufacturing process, product design, and marketing strategies. All these factors are augmenting the demand for healthcare contract manufacturing outsourcing services across the globe. Geographically, Asia Pacific (APAC) is projected to witness the fastest regional market growth at a CAGR of XX.XX% during the forecast period owing to the presence of cheap yet skilled workforce in the region, thereby encouraging companies to outsource certain manufacturing activities in APAC. Global Healthcare Contract ...