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 2018, 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 2019-2025.
This report focuses on the global Biotechnology/Pharmaceutical Services Outsourcing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Biotechnology/Pharmaceutical Services Outsourcing development in United States, Europe and China.
The key players covered in this study
Parexel International Corporation
Concept Heidelberg GmbH
Market segment by Type, the product can be split into
Auditing & Assessment
Product Design & Development
Product Testing & Validation
Training & Education
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Biotechnology/Pharmaceutical Services Outsourcing status, future forecast, growth opportunity, key market and key players.
To present the Biotechnology/Pharmaceutical Services Outsourcing development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Biotechnology/Pharmaceutical Services Outsourcing are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.