India Healthcare Contract Manufacturing Market Size & Outlook
India healthcare contract manufacturing market, 2018-2030 (US$M)
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India healthcare contract manufacturing market highlights
- The India healthcare contract manufacturing market generated a revenue of USD 14,728.7 million in 2023 and is expected to reach USD 32,511.8 million by 2030.
- The India market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, medical devices was the largest revenue generating type in 2023.
- Medical Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Healthcare contract manufacturing market data book summary
| Market revenue in 2023 | USD 14,728.7 million |
| Market revenue in 2030 | USD 32,511.8 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Medical devices |
| Fastest growing segment | Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Devices, Pharmaceutical |
| Key market players worldwide | Nordson Corp, Integer Holdings Corp, Jabil Inc, Viant Technology Inc Ordinary Shares - Class A, Flex Ltd, Celestica Inc Ordinary Shares (Subordinate Voting), Sanmina Corp, Plexus Corp, Molex, West Pharmaceutical Services Inc, Catalent Inc, Thermo Fisher Scientific Inc, Recipharm, Boehringer Ingelheim, Lonza Group Ltd, Samsung BioLogics, Wuxi AppTec Co Ltd, FUJIFILM Holdings Corp, Cambrex |
Other key industry trends
- In terms of revenue, India accounted for 5.9% of the global healthcare contract manufacturing 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 manufacturing 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 50,493.7 million by 2030.
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Healthcare Contract Manufacturing Market Scope
Healthcare Contract Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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India healthcare contract manufacturing 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 manufacturing market will help companies and investors design strategic landscapes.
Medical devices was the largest segment with a revenue share of 52.08% in 2023. Horizon Databook has segmented the India healthcare contract manufacturing market based on medical devices, pharmaceutical covering the revenue growth of each sub-segment from 2018 to 2030.
India is emerging as one of the lucrative markets for contract manufacturing across the globe. This can be attributed to low manufacturing costs, availability of low-cost labor, and presence of WHO-cGMP compliant facilities & skilled workforce.
For instance, the Drug Technical Advisory Board (DTAB) agreed to grant Phase III clinical trials waiver for certain pharma drugs from the U.S. & EU markets, while in 2019, the Indian government allowed 100% foreign direct investment in the contract manufacturing sector.
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Target buyers of India healthcare contract manufacturing market databook
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Our clientele includes a mix of healthcare contract manufacturing 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 India healthcare contract manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into India healthcare contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India healthcare contract manufacturing market size, by type, 2018-2030 (US$M)
India Healthcare Contract Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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