The global life sciences BPO market size accounted for US$ 835.2 billion in 2021 and is projected to reach around USD 835.2 billion by 2030, growing at a CAGR of 9.26% from 2022 to 2030.
Key Takeaways of Life Sciences BPO
- By service, the pharmaceutical outsourcing segment accounted highest revenue share of around 55% in 2021.
- Asia Pacific region has had highest revenue share of over 38.6% in 2021.
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Report Summary
The global life sciences BPO market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations. Global life sciences BPO market study covered in the report spans a forecast period from 2022 to 2030.
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the life sciences BPO market across the globe.
A comprehensive estimate on the life sciences BPO market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of life sciences BPO during the forecast period. Price point comparison by region with global average price is also considered in the study
Also Read: Future of the Internet of Things (IOT) in Healthcare
Market Players of Life Sciences BPO
The reports cover key developments in this market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the life sciences BPO market are anticipated to have lucrative growth opportunities in the future with the rising demand in this global market.
The report also includes the profiles of key life sciences BPO market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.
Major companies operating in this area are:
- International Business Machines Corp
- IOVIA
- PAREXEL International Corp
- Lonza Group
- Infosys.Ltd
- ICON plc
- Genpact LTD
- Covance, Inc. (Labcorp)
- Catalent, Inc
- Boehringer Ingelheim Gmbh
- Atos SE
- Accenture plc
- Syneos Health, Inc
- Charkes River Laboratories International, Inc
- Wuxi AppTec Co, Ltd
- Medpace Holdings, Inc
- PRA Health Sciences, Inc
- Cognizant Technology Solutions
- Quintiles Transactional Corporation
- ProMab Biotechnologies, Inc
- Boehringer Ingelheim Gmbh
Market Segmentation
By Services
- Pharmaceutical Outsourcing
- Contract Manufacturing Market
- API
- Finished Dose Form
- Packaging
- Contract Research Organizations
- Drug Discovery
- Pre-clinical Studies
- Clinical Trial Studies
- Regulatory Services
- Pharmacovigilance
- Contract Manufacturing Market
- Medical devices outsourcing
- Contract Manufacturing Market
- Electronic Manufacturing Services
- Finished Goods
- Raw Materials/ Components
- Contract Research Organizations
- Regulatory Consulting Services
- Product Design and Development Services
- Product Testing Services
- Product Implementation Services
- Product Upgrade Services
- Product Maintenance Services
- Contract Manufacturing Market
- Contract sales and marketing outsourcing
- Others
By Application
- Pharmaceuticals
- Medical Device applications
- Biopharmaceuticals
- Research and development
- others
By Protocol
- Development
- Site Management
Regional Segmentation
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to-face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
- In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Why should you invest in this report?
If you are aiming to enter the global life sciences BPO market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for life sciences BPO are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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