Biotechnology Services Outsourcing Market

Biotechnology & Pharmaceutical Services Outsourcing Market Analysis by Service (Product Testing & Validation, Training & Education, Product Design & Development, Product Maintenance, Regulatory Affairs, Consulting), by End Use & Region – Global Forecast 2022-2032

The global biotechnology and pharmaceutical services outsourcing market is anticipated to hold a market value of US$ 70 Bn in 2022 and US$ 112.31 Bn by 2032. The projected growth rate is nearly 5% during the forecast period from 2022 to 2032.

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Prominent Key players of the Biotechnology and pharmaceutical services outsourcing market survey report:

GMP Pharmaceuticals Pty Ltd
The Quantic Group
IQVIA
Lachman Consultant Services, Inc.
Parexel International Corporation
Charles River Laboratories
Concept Heidelberg GmbH
Covance Inc.
ICON plc.
PRA Health Sciences
Biotech

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Key Market Segments Covered in the Global Biotechnology and Pharmaceutical Services Outsourcing Market

By End Use
- Pharmaceutical Services Outsourcing
- Biotechnology Services Outsourcing
By Service
- Biotechnology & Pharmaceutical Services Outsourcing for Product Testing & Validation
- Biotechnology & Pharmaceutical Services Outsourcing for Training & Education
- Biotechnology & Pharmaceutical Services Outsourcing for Product Design & Development
- Biotechnology & Pharmaceutical Services Outsourcing for Product Maintenance
- Biotechnology & Pharmaceutical Services Outsourcing for Auditing and Assessment
- Biotechnology & Pharmaceutical Services Outsourcing for Regulatory Affairs
  - Regulatory writing & publishing
  - Legal representation
  - Clinical trial applications & product registration
  - Others
- Biotechnology & Pharmaceutical Services Outsourcing for Consulting
  - Remediation
  - Quality management systems consulting
  - Regulatory compliance
  - Others
- Biotechnology & Pharmaceutical Services Outsourcing for Others

The insights for each vendor consists of:

Company profile
SWOT analysis
Main market information
Market share
Revenue, pricing and gross margin

What insights does the Biotechnology and pharmaceutical services outsourcing Market report provide to the readers?

Biotechnology and pharmaceutical services outsourcing fragmentation on the basis of product type, end use, and region.
Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
Collaborations, R&D projects, acquisitions, and product launches of each Biotechnology and pharmaceutical services outsourcing player.
Various regulations imposed by the governments on the consumption of Biotechnology and pharmaceutical services outsourcing in detail.
Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Biotechnology and pharmaceutical services outsourcing.

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The report covers following Biotechnology and pharmaceutical services outsourcing Market insights and assessment that are helpful for all participants involved in the Biotechnology and pharmaceutical services outsourcing market:

Data on recently introduced regulations and their impact on key industries and on demand in Biotechnology and pharmaceutical services outsourcing
Latest industry Analysis on Biotechnology and pharmaceutical services outsourcing Market, with key analysis of market drivers, trends, and influencing factors
Key trends Analysis of Biotechnology and pharmaceutical services outsourcing Market and changing consumer preferences in major industries.
Changing Biotechnology and pharmaceutical services outsourcing demand and consumption of diverse products
Major trends underlining funding by key investors in numerous countries
New investment opportunities in diverse technology and product or service types
Comprehensive data and Competitive analysis of Biotechnology and pharmaceutical services outsourcing major players
Biotechnology and pharmaceutical services outsourcing Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
Biotechnology and pharmaceutical services outsourcing demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Biotechnology and pharmaceutical services outsourcing Market report include:

How the market for Biotechnology and pharmaceutical services outsourcing has grown?
What is the present and future outlook of the global Biotechnology and pharmaceutical services outsourcing on the basis of region?
What are the challenges and opportunities for the Biotechnology and pharmaceutical services outsourcing?
Why the consumption of Biotechnology and pharmaceutical services outsourcing highest in region?
In which year segment is expected to overtake segment?

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According to a recent Fact.MR study, the global biotechnology and pharmaceutical services outsourcing market is projected to secure a market value of US$ 112.31 Bn by 2032, expanding at a growth rate of about 5%. The increasing demand for low-cost drug development is projected to propel market growth during the forecast period.

Since contract research and manufacturing allow cheaper manufacturing and development of the drug, it is a preferred option by the players. Further, the increasing adoption of machine learning-based platforms such as; artificial intelligence and automation in drug manufacturing are expected to offer significant opportunities for expansion to the market in the forthcoming period.

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Moreover, outsourcing of pharmaceutical and biotechnology services helps in saving time used in the management and operations of production, which is a salient factor bolstering the market growth in the forecast period. Also, the robust investment in R&D by pharma companies is predicted to augment the industry size notably.

Key Takeaways from the Market Study

Global market for biotechnology and pharmaceutical services outsourcing to reach US$ 70 Bn in 2022
North America to account for the maximum revenue share of 53% in 2021
Asia Pacific to expand at a CAGR of 5.5% during the forecast period.
The pharma segment to have procured the largest market share of 55% in 2021
The consulting services segment is anticipated to have secured a market share of 19% in 2021

“Attributed to mounting healthcare research costs, developed countries are increasingly outsourcing biotechnology and pharmaceutical services to developing regions, especially across Asia Pacific, expected to yield substantial growth opportunities,“ – says an analyst at Fact. MR.

Competitive Landscape

The players of the global biotechnology and pharmaceutical services outsourcing market adopt various strategies to enhance their reach in the market. Methods like partnerships, collaborations, and acquisitions are some of the most adopted strategies. Some recent key developments among key players are:

In October 2020, MediPharm Labs Corp. announced a new white-label supply agreement with Sunco Green Pharmaceutical Pty Ltd. According to the two-year agreement, MediPharm Labs Australia will give THC Cannabis oil products and specially formulated CBD. The products will be sold under the name of Sunco Green Label.
In April 2021, Paraxel International Corporation disclosed a business partnership with Veeva. The initiative focuses to grow clinical trials by leveraging process innovation and technology.
In August 2020, Pfizer signed a three-year agreement with PPD. The agreement focuses on offering drug development services.

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More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the biotechnology and pharmaceutical services outsourcing market presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of end-use (biotech and pharma) and by service (product testing & validation, training & education, product design & development, product maintenance, auditing and assessment, regulatory affairs, consulting and others), across five major regions (North America, MEA, Latin America, Europe and Asia-Pacific).

Key Market Segments Covered in the Global Biotechnology and Pharmaceutical Services Outsourcing Market

· By End Use

- Pharmaceutical Services Outsourcing
- Biotechnology Services Outsourcing

· By Service

- Biotechnology & Pharmaceutical Services Outsourcing for Product Testing & Validation
- Biotechnology & Pharmaceutical Services Outsourcing for Training & Education
- Biotechnology & Pharmaceutical Services Outsourcing for Product Design & Development
- Biotechnology & Pharmaceutical Services Outsourcing for Product Maintenance
- Biotechnology & Pharmaceutical Services Outsourcing for Auditing and Assessment
- Biotechnology & Pharmaceutical Services Outsourcing for Regulatory Affairs
  - Regulatory writing & publishing
  - Legal representation
  - Clinical trial applications & product registration
  - Others
- Biotechnology & Pharmaceutical Services Outsourcing for Consulting
  - Remediation
  - Quality management systems consulting
  - Regulatory compliance
  - Others
- Biotechnology & Pharmaceutical Services Outsourcing for Others

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About Fact.MR

Contact:

US Sales Office :

11140 Rockville Pike

Suite 400

Rockville, MD 20852

United States

Tel: +1 (628) 251-1583

E-Mail: sales@factmr.com

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),

Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers,

Dubai, United Arab Emirates

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