Life Sciences BPO Market Size Is Set To Fly High In Years To Come | Catalent Inc., Atos SE

Global Life Sciences BPO Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $$ % over the forecast period 2022-2028. Life sciences business process outsourcing (BPO) is a delegation of one or more IT-intensive business processes to an external provider for managing and administrating the selected processes based on defined and measurable performance metrics.

Life sciences BPO provides a wide range of services in R&D, drug registration, and product launch through a third-party provider. The growing trend of outsourcing employed by pharma and medical device companies, the growth of the pharmaceutical industry, coupled with the increasing number of clinical studies are the primary factors burgeoning the market growth across the globe. For instance, according to Statista analysis, in 2018, the worldwide pharmaceutical sector generated a revenue of USD 1204.8 billion.

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Also, the amount reached 1423.5 in 2021, which is anticipated to progressively grows in the impending years. Thereby, the flourishing development of the pharmaceutical industry is accelerating global market growth. However, limited outsourcing by established companies and data safety concerns impede the growth of the market over the forecast period of 2022-2028. Also, the rising R&D spending on pharmaceutical and medical devices and the growing integration of AI and machine learning (ML) for drug discovery are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Life Sciences BPO Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the rising number of skilled professionals and continuously improving healthcare infrastructure. Whereas, Europe is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the surging demand for technologically advanced drug discovery methods, as well as growth of the pharmaceutical and medical device industry, would create lucrative growth prospects for the Life Sciences BPO Market across the European region.

Major market players included in this report are:

Atos SE

Boehringer Ingelheim GmbH

Catalent, Inc.

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Covance, Inc. (Labcorp)

Genpact Ltd.

ICON plc

Infosys Ltd.

Lonza Group

PAREXEL International Corp.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

Pharmaceutical outsourcing

Medical devices outsourcing

Contract sales and marketing outsourcing

Others

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By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

Here is an overview of the different factual statements covered by the study:

The learn about consists of an area that breaks down strategic traits for the primary gamers in present and upcoming R&D, new product launches, collaborations, regional expansion, and mergers & acquisitions.
The lookup focuses on essential market traits such as revenue, product cost, potential and utilization rates, import/export rates, supply/demand figures, market share and CAGR.
The learn about is a series of analyzed records and a variety of barrels of house bought via a mixture of analytical equipment and an inside look up process.
The Market can be divided into 4 areas in accordance to the regional breakdown: North American Markets, European Markets, Asian Markets and Rest of the World.

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