Press release
Life Sciences BPO Market To Reach US$286.3 bn In 2023 With Growth At A CAGR Of 8.9%
The life sciences BPO market comprises services offered by CMOs (Contract Manufacturing Organizations) and CROs (Contract Research Organizations) to the biotech pharmaceutical companies. A rise in demand for low cost drugs, patent expirations and uncertain economic conditions have compelled the pharmaceutical players to take support of various outsourcing services. This support has facilitated pharma players to streamline their value chain and focus more on its core strategies.
Each of the segments has been analyzed in detail for market trends, recent developments, outlook, and opportunities. The market overview section of the report explores market dynamics such as drivers, restraints, and opportunities that currently have strong impact on the global life sciences BPO market and could influence the market in the future as well. Market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition between leading market players operating across the globe. Porter’s five forces analysis is also explained in this section to understand the market considering different parameters that have an impact on the sustainability of the companies operating in the market. Additionally, a detailed value chain analysis for different components of the CRO and CMO have been covered to provide a comprehensive view of the industry. The report also mentioned about leading players for each of the sub-segments such as clinical trial, API manufacturing, vaccines, injectable among others.
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All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their respective market shares. The recommendations section included in the report would assist existing market players in targeting all major stake holders of this industry such as companies, payers, providers, patients, government agencies and also to those aiming to seek an entry. The report also profiles major players in the global life sciences BPO market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments.
Key players in the life sciences BPO market include: Accenture plc, Anthelio Healthcare Solutions, Boehringer Ingelheim GmbH, Catalent, Inc., Cognizant Technology Solutions, Covance, Inc. Genpact Limited, ICON plc, Infosys Limited, International Business Machines Corporation, Lonza Group, PAREXEL International Corporation, Quintiles Transnational Corporation, and Wipro Limited.
The Global Life Sciences BPO market has been segmented as follows:
Global Life Sciences BPO Market, by Services
Pharmaceutical outsourcing
Contract Research Organizations
Drug Discovery
Preclinical Studies
Clinical Trials
Medical Writing
Pharmacovigilance
Clinical Data Management
Regulatory Services
Clinical Monitoring
Biostatistics
Protocol Development
Site Management
Contract Manufacturing Organizations
Active Pharmaceutical Ingredients
Finished Dose Form Manufacturing
Packaging
Contract Sales and Marketing Organizations
Others (Payers and Providers)
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Global Life Sciences BPO Market, by Geography
North America
United States
Canada
Europe
United Kingdom
Germany
Rest of the Europe
Asia Pacific
China
India
Rest of the World
Latin America
Middle East and Africa
Table of Content
Chapter 1 Introduction
1.1 Report Description
1.2 Research Methodology
1.3 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Life Sciences BPO Market
2.2 Comparative Analysis, Global Life Sciences BPO Market Share, by Geography, 2014 & 2023E
2.3 Global Life Sciences BPO Market, by Contract Manufacturing Organizations, 2014
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Chapter 3 Market Overview
3.1 Introduction
3.2 Drivers
3.2.1 Inclination of Pharmaceutical and Biotechnology Companies Towards Core Business Segments
3.2.2 Patent Expirations to Boost CMO Industry Growth
3.2.3 Orphan Drug Development to Drive CMO Market
3.3 Restraints
3.3.1 Quality Issues and Risk of Information Breach
3.4 Opportunities
3.4.1 Targeting Biologics and Biosimilar Manufactures
3.4.2 Focus on Emerging Markets
3.5 Porter’s Five Force Analysis, Global Life Sciences BPO Market
3.6 Value Chain Analysis, Global Life Science Market
3.6.1 Value Chain Analysis, by Pharmaceutical Outsourcing
3.6.2 Value Chain Analysis, by Medical Writing
3.6.3 Value Chain Analysis, by Pharmacovigilance
3.6.4 Value Chain Analysis, by Clinical Data Management
3.6.5 Value Chain Analysis, by Regulatory Services
3.6.6 Value Chain Analysis, by Clinical Monitoring
3.6.7 Value Chain Analysis, by Bio-Statistics
3.6.8 Value Chain Analysis, by Protocol Development
3.6.9 Value Chain Analysis, by Site Management
3.7 Market Attractiveness Analysis, By Geography (2014)
3.8 List of Key market players in CMO and CRO
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