Europe Biotechnology And Pharmaceutical Services Outsourcing Market Size & Outlook
Europe biotechnology and pharmaceutical services outsourcing market, 2018-2030 (US$M)
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Europe biotechnology and pharmaceutical services outsourcing market highlights
- The Europe biotechnology and pharmaceutical services outsourcing market generated a revenue of USD 10,019.7 million in 2023.
- The market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, consulting was the largest revenue generating services in 2023.
- Training & Education is the most lucrative services segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 10,019.7 million |
| Market revenue in 2030 | USD 14,606.6 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Consulting |
| Fastest growing segment | Training & Education |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consulting, Regulatory Affairs, Product Design & Development, Auditing and Assessment, Product Maintenance, Training & Education |
| Key market players worldwide | PAREXEL, IQVIA Holdings Inc, Heidelberg Materials AG, Labcorp Holdings Inc, Charles River Laboratories International Inc, Icon PLC, Syneos Health, Lonza Group Ltd, Catalent Inc, Samsung BioLogics |
Other key industry trends
- In terms of revenue, Europe region accounted for 21.7% of the global biotechnology and pharmaceutical services outsourcing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 29,524.0 million by 2030.
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Biotechnology And Pharmaceutical Services Outsourcing Market Scope
Biotechnology And Pharmaceutical Services Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe biotechnology and pharmaceutical services outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biotechnology and pharmaceutical services outsourcing market will help companies and investors design strategic landscapes.
Consulting was the largest segment with a revenue share of 48.82% in 2023. Horizon Databook has segmented the Europe biotechnology and pharmaceutical services outsourcing market based on consulting, regulatory affairs, product design & development, auditing and assessment, product maintenance, training & education covering the revenue growth of each sub-segment from 2018 to 2030.
Europe has a robust biotechnology & pharmaceutical sector with numerous drug discoveries, development, and manufacturing companies. The increasing trend of outsourcing services to European countries is expected to boost the market in this region.
In Europe, small- & mid-sized biotechnology & pharmaceutical companies increasingly need regulatory services and product design departments.
Hence, companies often prefer to hire consultants or legal representatives to guide them through the various stages of the product lifecycle to overcome the regulatory hurdles and expand access to rare & orphan medications in Europe and across the globe.
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Our clientele includes a mix of biotechnology and pharmaceutical services outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe biotechnology and pharmaceutical services outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into Europe biotechnology and pharmaceutical services outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe biotechnology and pharmaceutical services outsourcing market size, by country, 2018-2030 (US$M)
Europe Biotechnology And Pharmaceutical Services Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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