Market revenue in 2023 | USD 20,565.2 million |
Market revenue in 2030 | USD 36,941.9 million |
Growth rate | 8.7% (CAGR from 2023 to 2030) |
Largest segment | Contract manufacturing |
Fastest growing segment | Contract Manufacturing |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 |
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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 77.99% in 2023. Horizon Databook has segmented the Latin America 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.
Latin America’s proximity to North America can help it reduce supply chain concerns, boosting the market in the region. Presence of supportive regulatory frameworks and an increase in foreign collaborations are anticipated to further drive the market.
The region is expected to show a lucrative growth rate owing to the cost-effective solutions offered by its CDMOs and an increase in the number of new regional players venturing into the pharmaceutical & medical device markets. An increase in number of contract research and manufacturing organizations venturing into this region is anticipated to further drive the market over the forecast period.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America healthcare contract development and manufacturing organization market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America healthcare contract development and manufacturing organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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