According to our latest research offering “Global Contract Manufacturing Market Analysis”, the biopharmaceutical industry is witnessing stupendous growth after recovering from the aftermath of the global recession. However, a major concern for the industry has been the high cost of production incurred, which deeply affects the earning capacity of the companies. To minimize the costs, companies are looking to outsource the production work to establishments in the emerging nations. Through this, Biopharma giants aim at acquiring services like, pre-clinical development, active manufacturing, commercial batch manufacturing, packaging, and other related services. Hence, it is expected that the global contract manufacturing industry will experience growth at a CAGR of around 12% during 2010-2012.