Pharmaceutical Outsourcing Services Market to 2025 By Service, Geography and Top Companies - Quantic Group, Parexel International, Lachman Associates, Concept Heidelberg

Driving factors such as increasing approval of new therapeutics coupled with strategic mergers & acquisitions of key players to expand their presence in pharma & biotech industries are expected to remain on the top spot for the growth of pharmaceutical outsourcing services industry globally. For example, in December 2017, as per the article published by the Regulatory Affairs Professional Society, the number of new molecular entity published by the U.S. FDA (around 46) in 2017, was the highest compared to the new drugs approved till 2016.

Top Companies Covered in this report:
Quantic Group, Parexel International, Lachman Associates, Concept Heidelberg, and GMP Pharmaceuticals

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On contrary, the drug development cost is increasing at a significant rate. According to the estimates of Pharmaceutical Research and Manufacturers of America (PhRMA), the total drug development related R&D spending in 2014 amounted to USD 51.2 billion. Thus, outsourcing process helps a company to save hefty amount, which is spent on R&D; hence, increasing demand for consulting services. On the flip side, raising issues on data security and growing concerns over third-party performance restrain the industry growth to some extent.

Service segment is bifurcated into Product design, Product testing, Consulting, Auditing and Assessment, Regulatory Affairs, Product maintenance, Training, and others. Of these, consulting service holds the highest share throughout the study period. In 2017, this segment has captured around 18.5% share and is likely to show robust growth during the forecast period. Consulting services such as remediation, quality management systems, and regulatory compliances are covered under this segment. On another side, regulatory affairs outsourcing is considered to grow with the highest growth rate over the forecast period. Associated benefits such as cost-effectiveness, reduce documentation, and pro-active risk management helps this segment to capture significant revenue share during the future period.

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Fundamentals of Table of Content:

Section 1 Pharmaceutical Outsourcing Services Definition

Section 2 Global Pharmaceutical Outsourcing Services Market Major Player Share And Market Overview

Section 3 Major Player Pharmaceutical Outsourcing Services Business Introduction

Section 4 Global Pharmaceutical Outsourcing Services Market Segmentation (Region Level)

Section 5 Global Pharmaceutical Outsourcing Services Market Segmentation (Type Level)

Section 6 Global Pharmaceutical Outsourcing Services Market Segmentation (Industry Level)

Section 7 Global Pharmaceutical Outsourcing Services Market Segmentation (Channel Level)

Section 8 Pharmaceutical Outsourcing Services Market Forecast 2018-2022

Section 9 Pharmaceutical Outsourcing Services Segmentation Type

Section 10 Pharmaceutical Outsourcing Services Segmentation Industry

Section 11 Pharmaceutical Outsourcing Services Cost Analysis

Section 12 Conclusion

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