Philippines Healthcare Contract Development And Manufacturing Organization Market Size & Outlook
Philippines healthcare contract development and manufacturing organization market, 2018-2030 (US$M)
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Philippines healthcare contract development and manufacturing organization market highlights
- The Philippines healthcare contract development and manufacturing organization market generated a revenue of USD 756.7 million in 2023 and is expected to reach USD 1,102.6 million by 2030.
- The Philippines market is expected to grow at a CAGR of 5.5% 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 756.7 million |
| Market revenue in 2030 | USD 1,102.6 million |
| Growth rate | 5.5% (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, Philippines accounted for 0.3% 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 Asia Pacific, China healthcare contract development and manufacturing organization market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 47,180.3 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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Philippines 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 77.96% in 2023. Horizon Databook has segmented the Philippines 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 Philippines is becoming a highly attractive pharmaceutical market in Asia Pacific. It is the third-largest pharmaceutical market in Asia Pacific, after Thailand and Indonesia, for CDMO services. Increasing pharmaceutical industry is the major factor responsible for the growth of its CDMO market.
Its pharmaceutical industry is anticipated to grow by 4.5% annually over the next five years and was estimated to reach USD 3.31 million in 2018 from USD 2.9 Million in 2014. Out of the world’s top 20 pharmaceutical companies, more than 14 have manufacturing facilities in the Philippines. Due to these reasons, its CDMO market is expected to grow over the forecast period.
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Target buyers of Philippines 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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Horizon Databook provides a detailed overview of country-level data and insights on the Philippines healthcare contract development and manufacturing organization market , including forecasts for subscribers. This country databook contains high-level insights into Philippines healthcare contract development and manufacturing organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Philippines healthcare contract development and manufacturing organization market size, by services, 2018-2030 (US$M)
Philippines Healthcare Contract Development And Manufacturing Organization Market Outlook Share, 2023 & 2030 (US$M)
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