Middle East & Africa Healthcare Contract Development And Manufacturing Organization Market Size & Outlook
Middle East & Africa healthcare contract development and manufacturing organization market, 2018-2030 (US$M)
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MEA healthcare contract development and manufacturing organization market highlights
- The MEA healthcare contract development and manufacturing organization market generated a revenue of USD 9,918.0 million in 2023.
- The market is expected to grow at a CAGR of 8.1% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 9,918.0 million |
| Market revenue in 2030 | USD 17,073.0 million |
| Growth rate | 8.1% (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 |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.0% 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 Scope
Healthcare Contract Development And Manufacturing Organization Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 Middle East & Africa 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.
Outsourcing of development and manufacturing operations to MEA can offer advantages such as cost effectiveness, better infrastructure, and high-quality healthcare facilities. Government incentive schemes to increase domestic production, growing healthcare needs, and a brand-friendly environment have boosted the pharmaceutical and medical devices industry in the region.
This is expected to increase the outsourcing of pharmaceutical and medical device operations to CROs and CMOs in MEA. In addition, increasing awareness about biopharmaceuticals in the region is expected to positively impact the market over the forecast period.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa healthcare contract development and manufacturing organization market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa healthcare contract development and manufacturing organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA healthcare contract development and manufacturing organization market size, by country, 2018-2030 (US$M)
Middle East & Africa Healthcare Contract Development And Manufacturing Organization Market Outlook Share, 2023 & 2030 (US$M)
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