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Life Sciences BPO Market Set to Surge to $499.6 Billion by 2030 amid Robust Pharmaceutical and Medical Device Outsourcing Growth

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Global Market for Life Sciences BPO

Global Market for Life Sciences BPO
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

Key Attributes:

Report Attribute

Details

No. of Pages

196

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$301.5 Billion

Forecasted Market Value (USD) by 2030

$499.6 Billion

Compound Annual Growth Rate

6.5%

Regions Covered

Global

A selection of companies mentioned in this report includes

  • Accenture PLC

  • Boehringer Ingelheim International GmbH

  • Catalent, Inc.

  • Cognizant Technology Solutions Corporation

  • Covance, Inc.

  • Genpact Ltd.

  • ICON PLC

  • Infosys Ltd.

  • Lonza Group AG

  • PAREXEL International Corporation

  • Wipro Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/97hlcu

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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