Press release
Outsourcing Biotechnology/ Pharmaceutical Services Market 2019, By Key Players are- QuintilesIMS, Quantic Group, Parexel International Corporation, Lachman Associates, GMP Pharmaceuticals, Management Forum, Quality Context, Inspired Pharma, Concept Heidel
Pharmaceutical Services
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When it comes to pharmaceutical research and development however, success is never guaranteed. The average cost of drug development can reach into the billions of dollars, and it takes an average of 10 years to bring a new drug to market. In addition, many drugs fail to be clinical effective and subsequently never see the light of day.
Due to these risks, pharmaceutical companies are not always eager to utilize their onsite resources for drug R&D. Certain cost-saving measures implemented in the pharmaceutical space have included outsourcing these activities, helping organizations reduce both their operational and manufacturing costs, thereby lowering financial risk.
North America held more than 50.0% share for the pharmaceutical/biotechnology services outsourcing market in 2015. The presence of several multinational and local consulting firms in this region contributed towards the growth in this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period. Low cost of manufacturing and availability of qualified labor is likely to foster contract manufacturing in this region. Moreover, economic policy reforms in countries such as India and China are anticipated to create open and balanced economy, which presents ample opportunity for market players to invest in this region.
In 2017, the global Biotechnology/Pharmaceutical Services Outsourcing market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
The key players covered in this study
• Quantic Group
• QuintilesIMS
• Parexel International Corporation
• Lachman Associates
• GMP Pharmaceuticals
• Management Forum
• Quality Context
• Inspired Pharma
• Concept Heidelberg GmbH
• RSSL
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Market segment by Type, the product can be split into
• Consulting
• Auditing & Assessment
• Regulatory Affairs
• Product Maintenance
• Product Design & Development
• Product Testing & Validation
• Training & Education
• Others
Market segment by Application, split into
• Regenerative Medicine
• Biobanking
• Drug Discovery
Market segment by Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America
Some Point from Table of Content:
Chapter One: Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Biotechnology/Pharmaceutical Services Outsourcing Market Size Growth Rate by Type (2013-2025)
1.4.2 Consulting
1.4.3 Auditing & Assessment
1.4.4 Regulatory Affairs
1.4.5 Product Maintenance
1.4.6 Product Design & Development
1.4.7 Product Testing & Validation
1.4.8 Training & Education
1.4.9 Others
1.5 Market by Application
1.5.1 Global Biotechnology/Pharmaceutical Services Outsourcing Market Share by Application (2013-2025)
1.5.2 Regenerative Medicine
1.5.3 Biobanking
1.5.4 Drug Discovery
1.6 Study Objectives
1.7 Years Considered
Chapter Two: Global Growth Trends
2.1 Biotechnology/Pharmaceutical Services Outsourcing Market Size
2.2 Biotechnology/Pharmaceutical Services Outsourcing Growth Trends by Regions
2.2.1 Biotechnology/Pharmaceutical Services Outsourcing Market Size by Regions (2013-2025)
2.2.2 Biotechnology/Pharmaceutical Services Outsourcing Market Share by Regions (2013-2018)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
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