Latin America Healthcare Contract Development And Manufacturing Organization Market Size & Outlook

The healthcare contract development and manufacturing organization market in Latin America is expected to reach a projected revenue of US$ 36,941.9 million by 2030. A compound annual growth rate of 8.7% is expected of Latin America healthcare contract development and manufacturing organization market from 2024 to 2030.
Revenue, 2023 (US$M)
$20,565.2
Forecast, 2030 (US$M)
$36,941.9
CAGR, 2024 - 2030
8.7%
Report Coverage
Latin America

Latin America healthcare contract development and manufacturing organization market, 2018-2030 (US$M)

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Latin America healthcare contract development and manufacturing organization market highlights

  • The Latin America healthcare contract development and manufacturing organization market generated a revenue of USD 20,565.2 million in 2023.
  • The market is expected to grow at a CAGR of 8.7% 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.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 20,565.2 million
Market revenue in 2030USD 36,941.9 million
Growth rate8.7% (CAGR from 2023 to 2030)
Largest segmentContract manufacturing
Fastest growing segmentContract Manufacturing
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationContract Development, Contract Manufacturing
Key market players worldwideCatalent 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, Latin America region accounted for 8.2% of the global healthcare contract development and manufacturing organization market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 126,657.3 million by 2030.

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Healthcare Contract Development And Manufacturing Organization Market Companies

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Latin America 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 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.

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Target buyers of Latin America healthcare contract development and manufacturing organization market databook

  • Our clientele includes a mix of healthcare contract development and manufacturing organization market companies, investment firms, advisory firms & academic institutions.
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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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Latin America healthcare contract development and manufacturing organization market size, by country, 2018-2030 (US$M)

Latin America Healthcare Contract Development And Manufacturing Organization Market Outlook Share, 2023 & 2030 (US$M)

Latin America healthcare contract development and manufacturing organization market size, by country, 2018-2030 (US$M)

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