Colombia Healthcare Contract Development And Manufacturing Organization Market Size & Outlook
Colombia healthcare contract development and manufacturing organization market, 2018-2030 (US$M)
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Colombia healthcare contract development and manufacturing organization market highlights
- The Colombia healthcare contract development and manufacturing organization market generated a revenue of USD 1,583.6 million in 2023 and is expected to reach USD 2,747.4 million by 2030.
- The Colombia market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, contract manufacturing was the largest revenue generating services in 2023.
- Contract Manufacturing is the most lucrative services segment registering the fastest growth during the forecast period.
Healthcare contract development and manufacturing organization market data book summary
| Market revenue in 2023 | USD 1,583.6 million |
| Market revenue in 2030 | USD 2,747.4 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Contract manufacturing |
| Fastest growing segment | Contract Manufacturing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Contract Development, Contract Manufacturing |
| Key market players worldwide | Catalent Inc, Lonza Group Ltd, Recipharm, Siegfried Holding AG, Thermo Fisher Scientific Inc, Labcorp Drug Development, Jabil Inc, Syngene, IQVIA Holdings Inc, Almac Group, Ajinomoto Co Inc, Alcami, Vetter Pharma-Fertigung |
Other key industry trends
- In terms of revenue, Colombia accounted for 0.6% of the global healthcare contract development and manufacturing organization market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil healthcare contract development and manufacturing organization market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 12,927.2 million by 2030.
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Healthcare Contract Development And Manufacturing Organization Market Scope
Healthcare Contract Development And Manufacturing Organization Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia healthcare contract development and manufacturing organization market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare contract development and manufacturing organization market will help companies and investors design strategic landscapes.
Contract manufacturing was the largest segment with a revenue share of 78% in 2023. Horizon Databook has segmented the Colombia healthcare contract development and manufacturing organization market based on contract development, contract manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
The government of Colombia is undertaking various initiatives to attract more CDMO activity. In April 2016, the National Institute of Food and Drug Monitoring (INVIMA) announced the reduction of time for evaluation of study protocols and approval processes. The timeline for clinical research associated with investigational drugs has been reduced to 60 days from an average of 135 days.
Furthermore, as per INVIMA, conducting research in Colombia can be cost-effective for many of the bigger pharma companies, helping them save as much as 30% as compared conducting these processes in the U.S. or Europe. The availability of a large patient pool—nearly 600 million people—serves as a potential driver for conducting clinical trials and drug development in the country.
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Target buyers of Colombia healthcare contract development and manufacturing organization market databook
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Our clientele includes a mix of healthcare contract development and manufacturing organization market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Colombia healthcare contract development and manufacturing organization market , including forecasts for subscribers. This country databook contains high-level insights into Colombia healthcare contract development and manufacturing organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia healthcare contract development and manufacturing organization market size, by services, 2018-2030 (US$M)
Colombia Healthcare Contract Development And Manufacturing Organization Market Outlook Share, 2023 & 2030 (US$M)
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