Pharmaceutical Outsourcing Services Market Size Worth $89.6 Billion By 2025 | CAGR: 7.8%
Published Date : 26 / 04 / 18 | Report Format: PDF
The global pharmaceutical outsourcing services market is expected to grow at growth rate of 7.8% to reach USD 89.6 billion by 2025.
Driving factors such as increasing approval of new therapeutics coupled with strategic mergers & acquisitions of key players to expand their presence in pharma & biotech industries are expected to remain on the top spot for the growth of pharmaceutical outsourcing services market globally. For example, in December 2017, as per the article published by the Regulatory Affairs Professional Society, the number of new molecular entity published by the U.S. FDA (around 46) in 2017, was the highest compared to the new drugs approved till 2016. In addition, the government plays a pivotal role in stimulating the development of the pharmaceutical outsourcing industry in developing as well as developed regions. Furthermore, increasing R&D activity geared towards developing novel products support the market growth. However, the market has been stifled by key impediments such as growing issues on data security and increasing concerns over third-party performance.
- Consulting service captured the highest share, 18.5% revenue share in 2017. This segment is projected to show robust growth during the forecast period
- Regulatory affairs outsourcing is fasted growing segments of the industry, enjoying an average CAGR of over 10%
- Regionally, developed regions such as North America and Europe accounted for the highest share, more than 75% share of the total industry collectively
- Companies namely Parexel International, Quantic Group, Concept Heidelberg, GMP Pharmaceuticals, and Lachman Associates are profiled based on attributes such as company details, financial performances, and key developments.
- The companies are actively participating in global conferences to promote their services amongst In September 2016, Lachman Consultant Services, Inc. presented their services and industry expertise at the ISPE Annual Meeting & Expo held in Atlanta. The company emphasized on their white papers over Data integrity and Cloud computing during the presentation.
KEY BENEFITS OF THE REPORT:
- In-depth analysis of the key market dynamics
- Granular analysis of the current market scenario and expected factors to affect the market
- Detailed analysis of the geographic region, regional and county wise analysis
- Highlight on the strategies that are being adopted by the key players in this market to stay competitive
- Extensive analysis of the key players dominating the market
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY SERVICE
- Product Design
- Product Testing
- Auditing and Assessment
- Regulatory Affairs
- Product Maintenance
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
We strive to become one of the trusted partner of our client by offering value added services and concrete research data.
From single reports and data downloads to enterprise subscriptions to custom consultancy, we can base our precise solutions round our client’s exact needs.
Our analyst aims to provide research studies in quickest turnaround time and in a much cost effective manner.
Data Accuracy and Reliability
We utilize a mix of primary, secondary research, and machine learning algorithms to generate accurate and comprehensive data about market size and revenue forecasts.
We offer most competitive pricing policy across the research industry
Why Choose Us
We devise research report with quality data:
Combined with an in-depth knowledge of the current industry and a sharp analytical mind, AnalystView serve our customer accurate research in accordance with a constantly evolving industry.
We work with businesses just like yours:
AnalystView committed to making a positive difference for our clients. This means whatever you demand, chances are we already have experience with something similar.