According to Latest Report on Outsourcing in Drug Development Market to Grow with an Impressive CAGR by 2025 | Parexel, Charles River Lab, Covance, ICON, Quintiles Transnational

Global Outsourcing in Drug Development Market Synopsis:

The report covers a forecast and an analysis of the Outsourcing in Drug Development Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Outsourcing in Drug Development Market along with the impact they have on the demand over the forecast period.

The most important key factors driving the growth of the Global Outsourcing in Drug Development Market are rapidly progressing technologies, reduced approval time, increasing strategic partnerships, and research and development of biosimilars, biologics, and orphan drugs. Furthermore, Companies are now outsourcing to gain strategic benefits, such as access to innovative technology, faster response time to support, benchmark internal programs, on-going process improvements, overall making them more competitive and increasing globalization within the pharmaceutical industry.

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In terms of the geographic analysis, North America is currently leading the Outsourcing in Drug Development Market followed by Europe due to existence and early adoption of highly developed technologies and a supportive economy. APAC is a promising market for drug discovery outsourcing and is expected to undergo rapid growth. China and India especially are promising regions, due to the small biopharmaceutical companies outsourcing their drug discovery Outsourcing activities to clinical research organizations (CROs) in China and India.

This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Outsourcing in Drug Development Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.

Global Key Players:

1 Charles River Laboratories

2 Covance

3 ICON

4 Parexel

5 Quintiles Transnational

6 PPD

7 PRA Health Sciences and More…………….

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Product Type Segmentation

1 Clinical Trials

2 New Drug Application

Industry Segmentation

1 Pharmaceutical Industries

2 Biotechnology Industries

3 Medical Device Industries

On the basis of Regional analysis, North America and Europe holds major share in global Outsourcing in Drug Development market. Moreover, Asia-Pacific is expected to record higher growth rate in Outsourcing in Drug Development Market during the forecast year.

Top Medical Industry News:

Parexel (May 21, 2020) - Parexel and Society for Clinical Research Sites Host Joint Summit of Site and Patient Advisory Councils Focused on Optimizing Site and Patient Relationships in Clinical Trials - Parexel, a leading provider of solutions to accelerate the development and delivery of innovative new therapies to improve world health, from Clinical through Commercialization, today co-hosted a virtual summit of its recently launched Site Advisory Council and its Patient Advisory Council with the Society for Clinical Research Sites (SCRS), the global organization unifying the voice of the clinical research site community to create greater site sustainability. The focus of the summit was on further leveraging the site perspective in improving the patient experience in clinical trials, especially in light of the shift to remote and virtual trial tactics during the COVID-19 pandemic, as well as eliciting direct feedback and recommendations on how to best support both patients and sites during and after the pandemic.

“Since very early on in the pandemic, regulatory authorities, including the FDA, have advocated for early patient engagement in clinical trial designs to improve informed consents, introduce more relevant outcomes and enhance patient recruitment and retention to support drug development during these challenging times,” said Sy Pretorius, Executive Vice President and Chief Medical & Scientific Officer. “We are excited to build on the learning from our Patient Advisory Council by incorporating the critical site perspective to improve the clinical trial experience for patients.”

“Hearing first hand from patient advocates and site staff about their experience in clinical trials and which aspects are most helpful or, conversely, most difficult gives us valuable feedback to address the immediate needs of drug development and to improve processes for the future,” added Peyton Howell, Executive Vice President and Chief Commercial & Strategy Officer. “Our expanded and strategic collaboration with SCRS through our Site Advisory Council underscores Parexel’s commitment to better leveraging the expertise of clinical research sites worldwide in putting patients first in developing treatments for important health conditions during the COVID-19 pandemic and beyond.”

The virtual meeting, attended by 20 patient, caregiver and site representatives across Europe and the U.S., focused on strategies for optimizing site-patient relationships, facilitating continued access to trials during the pandemic through innovative decentralized clinical trials, and harnessing pandemic awareness to educate people about the importance of clinical research. Output and feedback will be used to inform clinical trial designs both during and after the COVID-19 pandemic. 

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Major Points in Table of Contents:

Global Outsourcing in Drug Development Market Report 2020

1 Outsourcing in Drug Development Product Definition

2 Global Outsourcing in Drug Development Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Outsourcing in Drug Development Shipments

2.2 Global Manufacturer Outsourcing in Drug Development Business Revenue

2.3 Global Outsourcing in Drug Development Market Overview

2.4 COVID-19 Impact on Outsourcing in Drug Development Industry

3 Manufacturer Outsourcing in Drug Development Business Introduction

3.1 Charles River Laboratories Outsourcing in Drug Development Business Introduction

3.2 Covance Outsourcing in Drug Development Business Introduction

3.3 ICON Outsourcing in Drug Development Business Introduction

3.4 Parexel Outsourcing in Drug Development Business Introduction

3.5 Quintiles Transnational Outsourcing in Drug Development Business Introduction

3.6 PPD Outsourcing in Drug Development Business Introduction

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