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Life Sciences BPO Market Size, Share & Trends Analysis Report By Services (Pharmaceutical Outsourcing, Medical Devices Outsourcing, Contract Sales And Marketing Outsourcing, Others), By Region, And Segment Forecasts, 2023 - 2030

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  • 275 Pages
  • September 2023
  • Region: Global
  • Grand View Research
  • ID: 3822886
Description Jump to:
The global life sciences BPO market size is expected to reach USD 827.5 billion by 2030, registering a CAGR of 9.3% over the forecast years. The rising costs of drug development; pre-clinical and clinical trials; and post-marketing surveillance; a rise in the patent cliff; a growing product pipeline; and regulatory constraints are some of the major factors driving the market. The pharmaceutical and biotech industries invest heavily in the R&D sector to continuously introduce new molecules, devices, and treatments. The different stages of drug development, such as drug discovery, pre-clinical studies, and clinical trials, require huge financial, technological, and human resources.

To cater to the growing needs of the industry, the outsourcing vendors are expanding their product and service offerings and they are targeting niche areas for long-term growth and profitability. Altogether, these trends are expected to boost the life sciences outsourcing market over the forecast period. During the COVID-19 pandemic, a significant number of outsourcing providers expanded their existing manufacturing and research facilities to meet the growing demand for COVID-19 vaccines and diagnostics. Even post-pandemic, CDMOs are practicing similar strategies to support the future demand for pharmaceuticals. For instance, in April 2022, Aenova Group developed a new facility for manufacturing highly potent drugs with an investment of EUR 10 million.

The adoption of such strategies by the market players is expected to be profitable for the market. There has been a rising demand to reduce the cost of manufacturing and development of drugs and medical devices. Outsourcing manufacturing, research, and marketing services provide pharmaceutical and medical device companies with cost- and time-saving benefits. This is expected to have a positive impact on the market. Over the years, mergers and acquisition deals between CROs and CDMOs have increased. The rising demand for clinical services and the growing need for specialized service providers to improve the focus on their core competencies are some of the factors that are expected to drive the incidence of M&A deals.

Life Sciences BPOMarket Report Highlights

  • The increasing number of M&A transactions has broadened the global reach and improved the capabilities of CROs and CDMOs to provide end-to-end services; a continuation of this trend is expected to benefit the market significantly
  • COVID-19 incidence has decreased significantly as a result of a growing global vaccination campaign
  • Owing to this, the CRO and CDMO are now refocusing on developing drugs for oncology and other diseases owing to their high burden
  • For instance, in April 2022, Labcorp collaborated with Xcell Biosciences to support the company in developing cell and gene therapies for treating cancer, Parkinson’s, and other rare diseases
  • Such initiatives by the CDMOs are likely to profit the market owing to the high effectiveness of gene therapy in treating cancer and other rare diseases
  • The medical device segment is expected to register the fastest CAGR from 2023 to 2030 due to the complexities associated with medical device designing
  • The strict regulatory framework for medical device approval globally has further contributed to the demand for medical device outsourcing services
  • Asia Pacific held the largest revenue share in 2022 due to the presence of a significant number of CROs providing cost-effective BPO services


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Services
1.1.2. Regional scope
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Services outlook
2.2.2. Regional outlook
2.3. Competitive Insights
Chapter 3. Life Sciences BPO Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. Life Sciences BPO Market Analysis Tools
3.4.1. Industry Analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic Landscape
Chapter 4. Life Sciences BPO: Service Estimates & Trend Analysis
4.1. Life Sciences BPO Market: Key Takeaways
4.2. Life Sciences BPO Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Pharmaceutical Outsourcing
4.3.1. Pharmaceutical outsourcing market estimates and forecasts, 2018 to 2030 (USD Billion)
4.3.2. Contract manufacturing market
4.3.2.1. Contract manufacturing market estimates and forecasts, 2018 to 2030 (USD Billion)
4.3.2.2. API
4.3.2.2.1. API estimates and forecasts, 2018 to 2030 (USD Billion)
4.3.2.3. Finished dose form
4.3.2.3.1. Finished dose form estimates and forecasts, 2018 to 2030 (USD Billion)
4.3.2.4. Packaging
4.3.2.4.1. Packaging estimates and forecasts, 2018 to 2030 (USD Billion)
4.3.3. Contract research organizations
4.3.3.1. Contract research Organizations estimates and forecasts, 2018 to 2030 (USD Billion)
4.3.3.2. Drug discovery
4.3.3.2.1. Drug discovery estimates and forecasts, 2018 to 2030 (USD Billion)
4.3.3.3. Preclinical studies
4.3.3.3.1. Preclinical studies estimate and forecasts, 2018 to 2030 (USD Billion)
4.3.3.4. Clinical Trial Studies
4.3.3.4.1. Clinical trial studies estimate and forecasts, 2018 to 2030 (USD Billion)
4.3.3.5. Regulatory services
4.3.3.5.1. Regulatory services estimate and forecasts, 2018 to 2030 (USD Billion)
4.3.3.6. Pharmacovigilance
4.3.3.6.1. Pharmacovigilance estimates and forecasts, 2018 to 2030 (USD Billion)
4.4. Medical Devices Outsourcing
4.4.1. Medical devices outsourcing market estimates and forecasts, 2018 to 2030 (USD Billion)
4.4.2. Contract manufacturing outsourcing
4.4.2.1. Contract manufacturing outsourcing estimates and forecasts, 2018 to 2030 (USD Billion)
4.4.2.2. Electronic manufacturing services
4.4.2.2.1. Electronic manufacturing services estimates and forecasts, 2018 to 2030 (USD Billion)
4.4.2.3. Finished goods
4.4.2.3.1. Finished goods estimates and forecasts, 2018 to 2030 (USD Billion)
4.4.2.4. Raw materials/components
4.4.2.4.1. Raw materials/components estimate and forecasts, 2018 to 2030 (USD Billion)
4.4.3. Contract research organizations
4.4.3.1. Contract research Organizations estimates and forecasts, 2018 to 2030 (USD Billion)
4.4.3.2. Regulatory consulting services
4.4.3.2.1. Regulatory consulting services estimates and forecasts, 2018 to 2030 (USD Billion)
4.4.3.3. Product design and development services
4.4.3.3.1. Product design and development services estimates and forecasts, 2018 to 2030 (USD Billion)
4.4.3.4. Product testing services
4.4.3.4.1. Product testing services estimates and forecasts, 2018 to 2030 (USD Billion)
4.4.3.5. Product implementation services
4.4.3.5.1. Product implementation services estimates and forecasts, 2018 to 2030 (USD Billion)
4.4.3.6. Product upgrade services
4.4.3.6.1. Product upgrade services estimates and forecasts, 2018 to 2030 (USD Billion)
4.4.3.7. Product maintenance services
4.4.3.7.1. Product maintenance services estimates and forecasts, 2018 to 2030 (USD Billion)
4.5. Contract Sales & Market Outsourcing
4.5.1. Contract sales & market outsourcing market estimates and forecasts, 2018 to 2030 (USD Billion)
4.6. Others
4.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Billion)
Chapter 5. Life Sciences BPO Market: Regional Estimates & Trend Analysis
5.1. Regional Outlook
5.2. Life Sciences BPO Market by Region: Key Takeaways
5.3. North America
5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.3.2. U.S.
5.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.3.3. Canada
5.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.4. Europe
5.4.1. UK
5.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.4.2. Germany
5.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.4.3. France
5.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.4.4. Italy
5.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.4.5. Spain
5.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.4.6. Sweden
5.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.4.7. Norway
5.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.4.8. Denmark
5.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.5. Asia Pacific
5.5.1. Japan
5.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.5.2. China
5.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.5.3. India
5.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.5.4. Australia
5.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.5.5. Thailand
5.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.5.6. South Korea
5.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.6. Latin America
5.6.1. Brazil
5.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.6.2. Mexico
5.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.6.3. Argentina
5.6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.7. MEA
5.7.1. Saudi Arabia
5.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.7.2. South Africa
5.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.7.3. UAE
5.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
5.7.4. Kuwait
5.7.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Market Participant Categorization
6.2.1. Atos SE
6.2.1.1. Company overview
6.2.1.2. Financial performance
6.2.1.3. Product benchmarking
6.2.1.4. Strategic Initiatives
6.2.2. Boehringer Ingelheim International GmbH
6.2.2.1. Company overview
6.2.2.2. Financial performance
6.2.2.3. Product benchmarking
6.2.2.4. Strategic initiatives
6.2.3. Catalent, Inc
6.2.3.1. Company overview
6.2.3.2. Financial performance
6.2.3.3. Product benchmarking
6.2.3.4. Strategic initiatives
6.2.4. Labcorp Drug Development
6.2.4.1. Company overview
6.2.4.2. Financial performance
6.2.4.3. Product benchmarking
6.2.4.4. Strategic initiatives
6.2.5. Genpact
6.2.5.1. Company overview
6.2.5.2. Financial performance
6.2.5.3. Product benchmarking
6.2.5.4. Strategic initiatives
6.2.6. ICON plc
6.2.6.1. Company overview
6.2.6.2. Financial performance
6.2.6.3. Product benchmarking
6.2.6.4. Strategic initiatives
6.2.7. Infosys Limited
6.2.7.1. Company overview
6.2.7.2. Financial performance
6.2.7.3. Product benchmarking
6.2.7.4. Strategic initiatives
6.2.8. IBM
6.2.8.1. Company overview
6.2.8.2. Financial performance
6.2.8.3. Product benchmarking
6.2.8.4. Strategic initiatives
6.2.9. Lonza
6.2.9.1. Company overview
6.2.9.2. Financial performance
6.2.9.3. Product benchmarking
6.2.9.4. Strategic initiatives
6.2.10. Parexel
6.2.10.1. Company overview
6.2.10.2. Financial performance
6.2.10.3. Product benchmarking
6.2.10.4. Strategic initiatives
6.2.11. IQVIA Inc
6.2.11.1. Company overview
6.2.11.2. Financial performance
6.2.11.3. Product benchmarking
6.2.11.4. Strategic initiatives
List of Tables
Table 1 List of Abbreviations
Table 2 North America life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 3 North America life sciences BPO market, by region, 2018 - 2030 (USD Billion)
Table 4 U.S. life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 5 Canada Life Sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 6 Europe life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 7 Europe life sciences BPO market, by region, 2018 - 2030 (USD Billion)
Table 8 Germany life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 9 UK life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 10 France life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 11 Italy life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 12 Spain life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 13 Sweden life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 14 Norway Life Sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 15 Denmark life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 16 Asia Pacific life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 17 Asia Pacific life sciences BPO market, by region, 2018 - 2030 (USD Billion)
Table 18 China Life Sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 19 Japan Life Sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 20 India life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 21 Australia life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 22 Thailand Life Sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 23 South Korea life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 24 Latin America life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 25 Latin America life sciences BPO market, by region, 2018 - 2030 (USD Billion)
Table 26 Brazil life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 27 Mexico Life Sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 28 Argentina life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 29 Middle East and Africa life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 30 Middle East and Africa life sciences BPO market, by region, 2018 - 2030 (USD Billion)
Table 31 South Africa life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 32 Saudi Arabia Life Sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 33 UAE life sciences BPO market, by services, 2018 - 2030 (USD Billion)
Table 34 Kuwait Life Sciences BPO market, by services, 2018 - 2030 (USD Billion)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Microneedle drug delivery systems: Market outlook
Fig. 9 Microneedle drug delivery systems: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Life sciences BPO market driver impact
Fig. 15 Life sciences BPO market restraint impact
Fig. 16 Life sciences BPO market strategic initiatives analysis
Fig. 17 Life sciences BPO market: Services movement analysis
Fig. 18 Life sciences BPO market: Services outlook and key takeaways
Fig. 19 Pharmaceutical outsourcing market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 20 Contract manufacturing market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 21 API market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 22 Finished dose form market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 23 Packaging market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 24 Contract research organizations market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 25 Drug discovery market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 26 Preclinical studies market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 27 Clinical trial studies market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 28 Regulatory services market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 29 Pharmacovigilance market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 30 Medical devices outsourcing market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 31 Contract manufacturing market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 32 Electronic manufacturing services market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 33 Finished goods market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 34 Raw materials/components market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 35 Contract research organizations manufacturing market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 36 Regulatory consulting services market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 37 Product design and development services market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 38 Product testing services market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 39 Product implementation services market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 40 Product upgrade services market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 41 Product maintenance services market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 42 Contract sales & market outsourcing market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 43 Others market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 44 Global life sciences BPO market: Regional movement analysis
Fig. 45 Global life sciences BPO market: Regional outlook and key takeaways
Fig. 46 North America market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 47 U.S. market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 48 Canada market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 49 Europe market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 50 UK market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 51 Germany market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 52 France market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 53 Italy market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 54 Spain market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 55 Sweden market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 56 Norway market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 57 Denmark market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 58 Asia Pacific market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 59 Japan market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 60 China market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 61 India market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 62 Australia market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 63 Thailand market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 64 South Korea market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 65 Latin America market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 66 Brazil market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 67 Mexico market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 68 Argentina market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 69 Middle East and Africa. market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 70 Saudi Arabia market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 71 South Africa market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 72 UAE market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 73 Kuwait market estimates and forecasts, 2018 - 2030 (USD Billion)

Companies Mentioned

  • Atos SE
  • Boehringer Ingelheim International GmbH
  • Catalent, Inc
  • Labcorp Drug Development
  • Genpact
  • ICON plc
  • Infosys Limited
  • IBM
  • Lonza
  • Parexel
  • IQVIA Inc

Methodology

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Table Information

Report AttributeDetails
No. of Pages275
PublishedSeptember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 407.8 Billion
Forecasted Market Value ( USD ) by 2030 $ 827.5 Billion
Compound Annual Growth Rate9.3%
Regions CoveredGlobal
No. of Companies Mentioned11

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