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Market Research Forecasts Contract Manufacturing Organizations (CMO) Market at $60 Billion by 2018(May 08, 2012)
ROCKVILLE, MD -- (Marketwire) -- 05/08/12 -- MarketResearch.com has announced the addition of the new report "Contract Manufacturing Organizations to 2018 -- Cost Advantages and Improving Quality Standards Build Confidence and Encourage Foreign Investment in Asian CMOs," to their collection of Pharmaceuticals market reports. For more information, visit http://www.marketresearch.com/GBI-Research-v3759/Contract-Manufacturing-Organizations-Cost-Advantages-6907632/
The report provides a comprehensive insight into the size of the CMO market, and includes forecasts, key reasons for outsourcing, the geographical landscape of CMO's, profiles of top CMOs, regulatory frameworks, drivers and restraints and deals analysis.
This report is built using data and information sourced from proprietary databases, primary and secondary research, and uses in-house analysis from GBI Research's team of industry experts.
GBI Research suggests that the global CMO market is set to grow steadily due to increased outsourcing of pharmaceutical production for Western pharmaceutical manufacturers to Asian countries. The global CMO market was valued at $26 billion in 2010. This market grew at a Compound Annual Growth Rate (CAGR) of 10.7% over 2008 when the market was approximately $21.2 billion. The major factor driving this market is the increase in the sourcing of biologics and generic manufacturing. The market is forecast to reach approximate revenues of $59.9 billion by 2018. The market is forecast to grow at a CAGR of 11% between 2010 and 2018.
For more information, visit http://www.marketresearch.com/GBI-Research-v3759/Contract-Manufacturing-Organizations-Cost-Advantages-6907632/
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance. For more information, call Veronica Franco at 240-747-3016 or visit http://www.marketresearch.com.
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