Global Market for Life Sciences BPO
Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Life Sciences BPO - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
An insightful new research publication has now been included in our comprehensive collection of industry reports, showcasing the substantial growth trajectory of the global Life Sciences Business Process Outsourcing (BPO) market. With a projected Compound Annual Growth Rate (CAGR) of 6.5% over the period from 2022-2030, the industry is expected to accelerate from its current valuation of US$301.5 Billion to US$499.6 Billion by the year 2030.
The in-depth analysis suggests that Pharmaceutical Outsourcing Services will be a significant contributor to this growth, forecasted to achieve a CAGR of 6.4% and anticipated to reach US$254.1 Billion at the close of the forecast period. In parallel, the Medical Device Outsourcing Services segment is predicted to expand at an impressive 7.2% CAGR through to 2030.
Highlighting the regional landscape, the United States market stands at an estimated US$90.8 Billion for the year 2022. Moving eastward, China's market potential is attracting attention as forecasts suggest a 6.1% CAGR leading to a market size of US$87 Billion by the end of the decade. Other regions making significant strides include Japan and Canada, with projected CAGRs of 6.2% and 5.3%, respectively. Germany is noted as a force within Europe, presenting an approximate 5.3% CAGR.
In addition to the fundamental market segment insights, this publication delivers special coverage on various global dynamics that may affect the industry. The report touches upon critical topics such as the impact of the Russia-Ukraine war, global inflation effects, China's zero-Covid policy changes, supply chain challenges, rising global trade tensions, and looming recession risks.
Key Features of the Report:
Competitive landscape with market share insights for leading players
Strategic profiling of major industry participants
Extensive geographical coverage providing a global perspective
Interactive updates facilitating peer-to-peer collaboration
Exclusive access to digital archives and a research platform
Continual complimentary updates for a year post-purchase
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
A selection of companies mentioned in this report includes
Boehringer Ingelheim International GmbH
Cognizant Technology Solutions Corporation
Lonza Group AG
PAREXEL International Corporation
For more information about this report visit https://www.researchandmarkets.com/r/97hlcu
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