"Contract Manufacturing of Pharmaceutical and Medical Devices Occupies a Significant Portion in the Overall Outsourcing Market#

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A majority of medical devices and pharmaceutical manufacturing companies around the world are gradually outsourcing their production activities to contract manufacturers to achieve cost efficiency and focus on their core competencies.
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Through this, the companies are aiming to capitalize on specific expertise in a given business category, which may not be available in house. The trend is thus expected to bolster opportunities for the global healthcare contract manufacturing outsourcing (CMO) market. Healthcare CMO Market Segmentation By Service Type: -Pharmaceutical Contract Manufacturing Services -APIs (Active Pharmaceutical Ingredients) Manufacturing -FDF (Finished Dosage Formulation) Development and Manufacturing -Solid Dosage Formulations -Semi-solid and Liquid Dose Formulations -Injectable Dose Formulations -Packaging -Medical Device Contract Manufacturing Services -Design Outsourcing -Device Manufacturing -Material Processing Services -Electronic Manufacturing Services -Finished Products -Final Goods Assembly

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