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Life Sciences Bpo Market

Life Sciences BPO - Global Market Outlook (2018-2027)

4.2 (91 reviews)
Published: April 2020 ID: SMRC19024
4.2 (91 reviews)
Published: April 2020 ID: SMRC19024

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Life Sciences BPO Market is accounted for $214.00 billion in 2018 and is expected to reach $488.32 billion by 2027 growing at a CAGR of 9.6% during the forecast period. Some of the key factors propelling the market growth include increasing prevalence of various diseases, rising geriatric population, rise in demand for new drugs and novel therapies, and increasing cost of research and development (R&D). However, high cost of raw material is restraining the market growth.

Life science business process outsourcing (BPO) is one of the most lucrative industries in the healthcare sector. This has led to an increasing demand for contract manufacturing outsourcing (CMO) and contract research outsourcing (CRO) services. Life science BPO service providers enable companies to optimize their business processes by helping them in manufacturing processes, research processes, and sales processes.
 
By service, the contract research organizations (CRO) segment is likely to have huge demand during the forecast period, owing to significant increase in the number of clinical trials and rise in the demand for new drugs. Significant increase in research and development costs, technological developments, and product innovation, which accounts for high R&D costs prompt several pharmaceutical and medical device companies to outsource preclinical services to CROs. This in turn augments the segment.

On the basis of geography, North America is the significant-growing market during the forecast period, due to the high healthcare expenditures, the rising drug and device manufacturing costs, marketing expenses, the rising number of reimbursement claims, data processing and data analytics services. The presence of several life sciences, pharmaceuticals, biotech, and medical devices organizations in this region favour the rapid expansion of onshore and offshore outsourcing.

Some of the key players in Life Sciences BPO market include Catalent, Inc., Anthelio Healthcare Solutions, Boehringer Ingelheim GmbH, IQVIA, Accenture plc, Wipro Limited, Cognizant Technology Solutions, Covance, Inc., Genpact Limited, ICON plc, Infosys Limited, Syneos Health, Inc., Quintiles Transnational Corporation, PRA Health Sciences, Inc., International Business Machines Corporation, Lonza Group, PAREXEL International Corporation, Charles River Laboratories International, Inc., WuXi AppTec Co., Ltd., and Medpace Holdings, Inc.

Services Covered:
• Medical Devices Outsourcing
• Contract Sales and Marketing Outsourcing
• Pharmaceutical Outsourcing
• Water Testing
• In Vitro Diagnostic (IVD) Testing
• Other Services

End Users Covered:
• Hospitals & Clinics
• Diagnostic Laboratories

Applications Covered:
• Environmental Testing Methods
• Clinical Testing Methods

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary     
      
2 Preface    
 
 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach
 2.5 Research Sources
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 End User Analysis    
 3.7 Application Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
      
4 Porters Five Force Analysis     

 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Life Sciences BPO Market, By Service     
 5.1 Introduction    
 5.2 Medical Devices Outsourcing    
  5.2.1 Contract Manufacturing Services   
   5.2.1.1 Electronic Manufacturing Services  
   5.2.1.2 Finished Goods  
   5.2.1.3 Raw Materials/ Components  
  5.2.2 Contract Research Organizations   
   5.2.2.1 Regulatory Consulting Services  
   5.2.2.2 Product Design and Development Services  
   5.2.2.3 Product Testing Services  
   5.2.2.4 Product Implementation Services  
   5.2.2.5 Product Upgrade Services  
   5.2.2.6 Product Maintenance Services  
 5.3 Contract Sales and Marketing Outsourcing    
 5.4 Pharmaceutical Outsourcing    
  5.4.1 Active Pharmaceutical Ingredients   
  5.4.2 Finished Dose Form   
  5.4.3 Packaging   
  5.4.4 Drug Discovery   
  5.4.5 Preclinical Studies   
  5.4.6 Clinical Trials (I, II, III, IV)   
  5.4.7 Regulatory Services   
  5.4.8 Pharmacovigilance   
  5.4.9 Clinical Monitoring   
  5.4.10 Clinical Data Management   
  5.4.11 Medical Coding and Writing   
  5.4.12 Biostatistics   
  5.4.13 Protocol Development   
  5.4.14 Site Management   
 5.5 Water Testing    
 5.6 In Vitro Diagnostic (IVD) Testing    
 5.7 Other Services    
  5.7.1 Healthcare Payers   
  5.7.2 Healthcare Providers   
      
6 Global Life Sciences BPO Market, By End User     
 6.1 Introduction    
 6.2 Hospitals & Clinics    
 6.3 Diagnostic Laboratories    
      
7 Global Life Sciences BPO Market, By Application     
 7.1 Introduction    
 7.2 Environmental Testing Methods    
 7.3 Clinical Testing Methods    
      
8 Global Life Sciences BPO Market, By Geography     
 8.1 Introduction    
 8.2 North America    
  8.2.1 US   
  8.2.2 Canada   
  8.2.3 Mexico   
 8.3 Europe    
  8.3.1 Germany   
  8.3.2 UK   
  8.3.3 Italy   
  8.3.4 France   
  8.3.5 Spain    
  8.3.6 Rest of Europe   
 8.4 Asia Pacific    
  8.4.1 Japan   
  8.4.2 China   
  8.4.3 India   
  8.4.4 Australia   
  8.4.5 New Zealand   
  8.4.6 South Korea   
  8.4.7 Rest of Asia Pacific   
 8.5 South America    
  8.5.1 Argentina   
  8.5.2 Brazil   
  8.5.3 Chile   
  8.5.4 Rest of South America   
 8.6 Middle East & Africa    
  8.6.1 Saudi Arabia   
  8.6.2 UAE   
  8.6.3 Qatar   
  8.6.4 South Africa   
  8.6.5 Rest of Middle East & Africa   
      
9 Key Developments      
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 9.2 Acquisitions & Mergers    
 9.3 New Product Launch    
 9.4 Expansions    
 9.5 Other Key Strategies    
      
10 Company Profiling    
 
 10.1 Catalent, Inc.    
 10.2 Anthelio Healthcare Solutions    
 10.3 Boehringer Ingelheim GmbH    
 10.4 IQVIA    
 10.5 Accenture plc    
 10.6 Wipro Limited    
 10.7 Cognizant Technology Solutions    
 10.8 Covance, Inc.    
 10.9 Genpact Limited    
 10.10 ICON plc    
 10.11 Infosys Limited    
 10.12 Syneos Health, Inc.    
 10.13 Quintiles Transnational Corporation    
 10.14 PRA Health Sciences, Inc.    
 10.15 International Business Machines Corporation    
 10.16 Lonza Group    
 10.17 PAREXEL International Corporation    
 10.18 Charles River Laboratories International, Inc.    
 10.19 WuXi AppTec Co., Ltd.    
 10.20 Medpace Holdings, Inc.   


List of Tables      
1 Global Life Sciences BPO Market Outlook, By Region (2017-2027) ($MN)     
2 Global Life Sciences BPO Market Outlook, By Service (2017-2027) ($MN)     
3 Global Life Sciences BPO Market Outlook, By Medical Devices Outsourcing (2017-2027) ($MN)     
4 Global Life Sciences BPO Market Outlook, By Contract Manufacturing Services (2017-2027) ($MN)     
5 Global Life Sciences BPO Market Outlook, By Contract Research Organizations (2017-2027) ($MN)     
6 Global Life Sciences BPO Market Outlook, By Contract Sales and Marketing Outsourcing (2017-2027) ($MN)     
7 Global Life Sciences BPO Market Outlook, By Pharmaceutical Outsourcing (2017-2027) ($MN)     
8 Global Life Sciences BPO Market Outlook, By Active Pharmaceutical Ingredients (2017-2027) ($MN)     
9 Global Life Sciences BPO Market Outlook, By Finished Dose Form (2017-2027) ($MN)      
10 Global Life Sciences BPO Market Outlook, By Packaging (2017-2027) ($MN)     
11 Global Life Sciences BPO Market Outlook, By Drug Discovery (2017-2027) ($MN)     
12 Global Life Sciences BPO Market Outlook, By Preclinical Studies (2017-2027) ($MN)      
13 Global Life Sciences BPO Market Outlook, By Clinical Trials (I, II, III, IV) (2017-2027) ($MN)     
14 Global Life Sciences BPO Market Outlook, By Regulatory Services (2017-2027) ($MN)     
15 Global Life Sciences BPO Market Outlook, By Pharmacovigilance (2017-2027) ($MN)     
16 Global Life Sciences BPO Market Outlook, By Clinical Monitoring (2017-2027) ($MN)     
17 Global Life Sciences BPO Market Outlook, By Clinical Data Management (2017-2027) ($MN)     
18 Global Life Sciences BPO Market Outlook, By Medical Coding and Writing (2017-2027) ($MN)     
19 Global Life Sciences BPO Market Outlook, By Biostatistics (2017-2027) ($MN)     
20 Global Life Sciences BPO Market Outlook, By Protocol Development (2017-2027) ($MN)     
21 Global Life Sciences BPO Market Outlook, By Site Management (2017-2027) ($MN)     
22 Global Life Sciences BPO Market Outlook, By Water Testing (2017-2027) ($MN)     
23 Global Life Sciences BPO Market Outlook, By In Vitro Diagnostic (IVD) Testing (2017-2027) ($MN)      
24 Global Life Sciences BPO Market Outlook, By Other Services (2017-2027) ($MN)     
25 Global Life Sciences BPO Market Outlook, By Healthcare Payers (2017-2027) ($MN)     
26 Global Life Sciences BPO Market Outlook, By Healthcare Providers (2017-2027) ($MN)     
27 Global Life Sciences BPO Market Outlook, By End User (2017-2027) ($MN)     
28 Global Life Sciences BPO Market Outlook, By Hospitals & Clinics (2017-2027) ($MN)     
29 Global Life Sciences BPO Market Outlook, By Diagnostic Laboratories (2017-2027) ($MN)     
30 Global Life Sciences BPO Market Outlook, By Application (2017-2027) ($MN)     
31 Global Life Sciences BPO Market Outlook, By Environmental Testing Methods (2017-2027) ($MN)     
32 Global Life Sciences BPO Market Outlook, By Clinical Testing Methods (2017-2027) ($MN)     
      
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.      

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