Life Sciences BPO Market to reach US$ 505 Billion by 2024 : Coherent Market Insights

Global Life Sciences BPO Market, By Service Type (Medical
Device Outsourcing and Pharmaceutical Outsourcing), End
User (Healthcare Providers and Healthcare Payers) and by
Geography - Trends and Forecast to 2024
[DATE]
[COMPANY NAME]
[Company address]
LIFE SCIENCES BPO MARKET TO REACH US$ 505 BILLION BY
2024
Report Description
The Global Life Sciences BPO Market was valued US$ 180.4 billion in 2015 and is projected to reach US$ 505.0 billion
by 2024, according to a new report published by Coherent Market Insights. Reducing cost and increasing focus on core
strengths is influencing medical device and pharmaceutical companies to outsource their processes to contract
manufacturing organizations (CMO) and contract research organizations (CRO).
Get FREE Sample Of This Research Report At : https://www.coherentmarketinsights.com/insight/requestsample/24
Increasing demand for low cost drugs, rising cost pressure from various governments, patent cliffs, and uncertain
regulatory conditions are factors contributing to increasing revenue growth of the global life sciences BPO market.
Globally, pharmaceutical, and medical device companies are entering into strategic agreements with contract research
organizations to leverage their expertise. This is helping them introduce new products at reduced costs and in turn
obtain a competitive advantage.
In the current market scenario, outsourcing service is extended to medical coding, medical transcription, and clinical
services. CMO and CROs provide products and services at much lower costs. Moreover, their regional regulatory
expertise helps pharmaceutical and medical device companies to meet regulatory requirements in various countries.
Demand for life sciences BPO is high in Asia and Latin America due to large patient pool, easy availability of patients
for clinical studies at a lower cost, and cost effective CMOs and CRO services. However, rising concerns over U.S.
Food and Drug Administration (FDA) inspections in these regions is adversely impacting market growth to a certain
extent. CMOs and CROs such as Divis Laboratories Ltd., Accenture pl., and PAREXEL International Corporation are
investing to cater to demand for Good Manufacturing Practices (GMP) requirements and regain the trust and share for
CMO and CRO market.
To know the latest trends and insights of this market, click the link below:
http://www.coherentmarketinsights.com/market-insight/life-sciences-bpo-market-24
Key takeaways of the market:
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Constant endeavor for achieving high-quality results at low cost is driving demand for outsourcing in the global
healthcare industry. This trend is expected to propel the global life science BPO market at a compound annual
growth rate (CAGR) of 12.2% during the forecast period.
Pharmaceuticals outsourcing segment led the global life sciences BPO market with an estimated value of US$
119.6 billion in 2015. Larger number of players are involved in contract manufacturing of pharmaceuticals and
biotech products as compared to that of medical devices. In terms of medical devices, a contract manufacturer
turns out to be the long-term manufacturer for that particular device. Pharmaceutical companies on the other
hand, have cost-based contracts with CMO, as shifting to other vendors (CMOs) is easy due to presence of
large number of contract manufacturers worldwide.
In terms of end users, healthcare providers dominate the market and accounted for a share of 89.1% in 2015.
Healthcare providers which include manufacturers, and research organizations are using these services in
order to streamline their process, and focus on core business.
Currently, market players such as Accenture plc. Cognizant Technology Solutions, Catalent, Inc., Covance,
Inc., Boehringer Ingelheim GmbH and Genpact Limited are offering a plethora of service as a one-stop solution
to healthcare providers to outsource their processes.
Browse Press Release : https://www.coherentmarketinsights.com/press-release/life-sciences-bpo-market-toreach-us-505-billion-by-2024-1
TABLE OF CONTENT
Table of Contents
1. Research Objective and assumption
o Research Objectives
o Assumptions
o Abbreviations
2. Market Purview
o Report Description
 Market Definition and Scope
o Executive Summary
 Market Snippet By Service
 Market Snippet By End-User
o Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
 Drivers
 Supply Side Drivers
 Demand Side Drivers
 Economic Drivers
 Restraints
 Market Opportunities
 Industry Trend
 Merger and Acquisitions
o Cost Tier Down Analysis
4. Global Life Science BPO Market, By Service, 2014 - 2024 (USD Million)
o Introduction
 Market Share Analysis, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, 2014 - 2024
 Segment Trends
o Pharmaceutical Outsourcing
 Introduction
 Market Share Analysis, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, 2014 – 2024
 Segment Trends
o CMO
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Introduction
 Market Share Analysis, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, 2014 - 2024
 API Manufacturing
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Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
Dosage Form Manufacturing
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
Product Packaging
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
CRO
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Introduction
 Market Share Analysis, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, 2014 - 2024
Drug Discovery
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD
Preclinical Studies
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD
Phase I Studies
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD
Phase II Studies
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD
Phase III and IV Studies
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD
Medical Coding and Writing
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD
Patient Monitoring
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD
Clinical Data Management
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD
Site Management
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD
Bio-Statistics
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD
Million)
Million)
Million)
Million)
Million)
Million)
Million)
Million)
Million)
Million)
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Protocol Development
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Medical Device Outsourcing
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Regulatory Information
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
5. Global Life Science BPO Market, By End-User, 2014 - 2024 (USD Million)
o Introduction
 Market Share Analysis, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, 2014 - 2024
 Segment Trends
o Healthcare Providers
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Healthcare Payers
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
6. Global Life Science BPO Market, By Regions, 2014 - 2024 (USD Million)
o Introduction
 Market Share Analysis, By Region, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, For Regions, 2014 - 2024
o North America
 Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 - 2024
 U.S.
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 Canada
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
o Europe
 Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 – 2024
 U.K.
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
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Germany
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
Italy
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
France
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
Russia
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
Others
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
Asia Pacific
 Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 - 2024
 China
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 India
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 Japan
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 ASEAN
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 Australia
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
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Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 South Korea
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 Others
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
Latin America
 Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 - 2024
 Brazil
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 Mexico
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 Others
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
Africa
 Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 - 2024
 Northern Africa
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 Central Africa
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 South Africa
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
Middle East
 Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 - 2024
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GCC Countries
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
 Israel
 Country Trends
 Market Size and Forecast, By Service, 2014 - 2024 (USD Million)
 Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
7. Competitive Landscape
o Heat Map Analysis
o Market Share Analysis
o Company Profiles
 Accenture plc.
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
 Anthelio Healthcare Solutions
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
 Boehringer Ingelheim GmbH
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
 Catalent, Inc.
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
 Covance, Inc.
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
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Genpact Ltd.
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
ICON plc
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Infosys Limited
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
International Business Machines Corporation
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Lonza Group
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
PAREXEL International Corporation
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Quintiles Transnational Corporation
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Analyst Views
8. Section
o References
o Research Methodology
o About us and Sales Contact
o
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About Us
COMPANY OVERVIEW
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting
our plethora of clients achieve transformational growth by helping them make critical business decisions.
We are headquartered in India, having office at global financial capital in the U.S. Our client base includes
players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to
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defusion training module.This allows for an objective and unbiased assessment of the market. We pride
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The Global Life Sciences BPO Market was valued US$ 180.4 billion in 2015 and is projected to reach US$ 505.0 billion by 2024, according to a new report published by Coherent Market Insights. Reducing cost and increasing focus on core strengths is influencing medical device and pharmaceutical companies to outsource their processes to contract manufacturing organizations (CMO) and contract research organizations (CRO). Get Free PDF Research Brochure for more Professional and Technical Insights: https://www.coherentmarketinsights.com/insight/request-sample/24

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