PUBLISHER: IMARC | PRODUCT CODE: 1521183
PUBLISHER: IMARC | PRODUCT CODE: 1521183
Life Sciences BPO Market Report by Service Type (Pharmaceutical Outsourcing, Medical Devices Outsourcing, Contract Sales and Marketing Outsourcing), Application (Clinical Trials, Patient-Centric, R&D Activities, Digital Era), and Region 2024-2032
The global life sciences BPO market size reached US$ 413.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 804.2 Billion by 2032, exhibiting a growth rate (CAGR) of 7.46% during 2024-2032. The growing need for efficient and effective problem resolution and management, enhanced focus on research and development (R&D) activities, rapid technological advancements, and significant growth in the healthcare industry represent some of the key factors driving the market.
Life sciences business process outsourcing (BPO) involves outsourcing various business processes and functions to a third-party provider in the life sciences industry. It provides specialized services to support the operations and growth of organizations. It is widely used in clinical trials, pharmacovigilance, medical writing, and data management. Life sciences BPO offers various advantages, including access to specialized expertise, cost savings, operational efficiency, scalability, and improved regulatory compliance. It encompasses a broad range of activities and services that support the operations, research, development, manufacturing, and regulatory compliance of companies in the life sciences field, which includes pharmaceuticals, biotechnology, medical devices, clinical research, and healthcare.
Life Sciences BPO Market Trends:
The increasing prevalence of chronic diseases across the globe is one of the key factors driving the market growth. Life sciences BPO providers help to collect, analyze, organize, and report complex healthcare data. In line with this, BPO services enable better insights into disease patterns, treatment outcomes, and patient populations, contributing to the development of personalized medicine and evidence-based healthcare solutions, which in turn is favoring the market growth. Apart from this, rapid technological advancements, such as cloud computing, big data analytics, artificial intelligence (AI), and robotic process automation (RPA), enable BPO providers to offer advanced data management, analytics, and automation solutions are providing an impetus to the market growth. Moreover, life sciences BPO offers cost-saving opportunities for companies by reducing operational costs associated with infrastructure setup, staffing, training, and maintenance, which is positively influencing the market growth. Other factors, including the growing need for efficient and effective problem resolution and management, enhanced focus on research and development (R&D) activities, the increasing complexity of the information technology (IT) environment, and significant growth in the pharmacovigilance sector, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global life sciences BPO market, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on service type and application.
Service Type Insights:
Pharmaceutical Outsourcing
Contract Manufacturing Organizations
API
Finished Dose Form
Packaging
Contract Research Organizations
Drug Discovery
Preclinical Studies
Clinical Trial Studies
Regulatory Services
Pharmacovigilance
Medical Devices Outsourcing
Contract Manufacturing Organizations
Electronic Manufacturing Services
Finished Goods
Raw Materials/ Components
Contract Research Organizations
Regulatory Consulting Services
Product Design and Development Services
Product Testing Services
Product Upgrade Services
Product Maintenance Services
Contract Sales and Marketing Outsourcing
The report has provided a detailed breakup and analysis of the life sciences BPO market based on the service type. This includes pharmaceutical outsourcing {contract manufacturing organizations (API, finished dose form, and packaging) and contract research organizations (drug discovery, preclinical studies, clinical trial studies, regulatory services, and pharmacovigilance)}, medical devices outsourcing {contract manufacturing organizations (electronic manufacturing services, finished goods, and raw materials/ components), and contract research organizations (regulatory consulting services, product design and development services, product testing services, product upgrade services, and product maintenance services)}, and contract sales and marketing outsourcing. According to the report, pharmaceutical outsourcing represented the largest segment.
Application Insights:
Clinical Trials
Patient-Centric
R&D Activities
Digital Era
A detailed breakup and analysis of the life sciences BPO market based on the application has also been provided in the report. This includes clinical trials, patient-centric, R&D activities, and digital era.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for life sciences BPO. Some of the factors driving the Asia Pacific life sciences BPO market included the growing need for efficient and effective problem resolution and management, enhanced focus on research and development (R&D) activities, and rapid technological advancements.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global life sciences BPO market. Detailed profiles of all major companies have been provided. Some of the companies covered include Accenture plc, Cognizant, Genpact Ltd., IQVIA Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global life sciences BPO market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global life sciences BPO market?
- What is the impact of each driver, restraint, and opportunity on the global life sciences BPO market?
- What are the key regional markets?
- Which countries represent the most attractive life sciences BPO market?
- What is the breakup of the market based on service type?
- Which is the most attractive service type in the life sciences BPO market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the life sciences BPO market?
- What is the competitive structure of the global life sciences BPO market?
- Who are the key players/companies in the global life sciences BPO market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Life Sciences BPO Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Service Type
- 6.1 Pharmaceutical Outsourcing
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Contract Manufacturing Organizations
- 6.1.2.1.1 API
- 6.1.2.1.2 Finished Dose Form
- 6.1.2.1.3 Packaging
- 6.1.2.2 Contract Research Organizations
- 6.1.2.2.1 Drug Discovery
- 6.1.2.2.2 Preclinical Studies
- 6.1.2.2.3 Clinical Trial Studies
- 6.1.2.2.4 Regulatory Services
- 6.1.2.2.5 Pharmacovigilance
- 6.1.2.1 Contract Manufacturing Organizations
- 6.1.3 Market Forecast
- 6.2 Medical Devices Outsourcing
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Contract Manufacturing Organizations
- 6.2.2.1.1 Electronic Manufacturing Services
- 6.2.2.1.2 Finished Goods
- 6.2.2.1.3 Raw Materials/ Components
- 6.2.2.2 Contract Research Organizations
- 6.2.2.2.1 Regulatory Consulting Services
- 6.2.2.2.2 Product Design and Development Services
- 6.2.2.2.3 Product Testing Services
- 6.2.2.2.4 Product Implementation Services
- 6.2.2.2.5 Product Upgrade Services
- 6.2.2.2.6 Product Maintenance Services
- 6.2.2.1 Contract Manufacturing Organizations
- 6.2.3 Market Forecast
- 6.3 Contract Sales and Marketing Outsourcing
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Clinical Trials
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Patient-Centric
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 R&D Activities
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Digital Era
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Accenture plc
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Cognizant
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Genpact Ltd.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 IQVIA Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.1 Accenture plc
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Life Sciences BPO Market: Major Drivers and Challenges
- Figure 2: Global: Life Sciences BPO Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Life Sciences BPO Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Life Sciences BPO Market: Breakup by Service Type (in %), 2023
- Figure 5: Global: Life Sciences BPO Market: Breakup by Application (in %), 2023
- Figure 6: Global: Life Sciences BPO Market: Breakup by Region (in %), 2023
- Figure 7: Global: Life Sciences BPO (Pharmaceutical Outsourcing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Life Sciences BPO (Pharmaceutical Outsourcing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Life Sciences BPO (Medical Devices Outsourcing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Life Sciences BPO (Medical Devices Outsourcing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Life Sciences BPO (Contract Sales and Marketing Outsourcing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Life Sciences BPO (Contract Sales and Marketing Outsourcing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Life Sciences BPO (Clinical Trials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Life Sciences BPO (Clinical Trials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Life Sciences BPO (Patient-Centric) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Life Sciences BPO (Patient-Centric) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Life Sciences BPO (R&D Activities) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Life Sciences BPO (R&D Activities) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Life Sciences BPO (Digital Era) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Life Sciences BPO (Digital Era) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: North America: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: North America: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: United States: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: United States: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Canada: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Canada: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Asia-Pacific: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Asia-Pacific: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: China: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: China: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Japan: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Japan: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: India: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: India: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: South Korea: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: South Korea: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Australia: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Australia: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Indonesia: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Indonesia: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Others: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Others: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Europe: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Europe: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Germany: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Germany: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: France: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: France: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: United Kingdom: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: United Kingdom: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Italy: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Italy: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Spain: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Spain: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Russia: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Russia: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Others: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Others: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Latin America: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Latin America: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Brazil: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Brazil: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Mexico: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Mexico: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Others: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Others: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Middle East and Africa: Life Sciences BPO Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Middle East and Africa: Life Sciences BPO Market: Breakup by Country (in %), 2023
- Figure 69: Middle East and Africa: Life Sciences BPO Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Global: Life Sciences BPO Industry: Drivers, Restraints, and Opportunities
- Figure 71: Global: Life Sciences BPO Industry: Value Chain Analysis
- Figure 72: Global: Life Sciences BPO Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Life Sciences BPO Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Life Sciences BPO Market Forecast: Breakup by Service Type (in Million US$), 2024-2032
- Table 3: Global: Life Sciences BPO Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Life Sciences BPO Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Life Sciences BPO Market: Competitive Structure
- Table 6: Global: Life Sciences BPO Market: Key Players
