North America Biotechnology And Pharmaceutical Services Outsourcing Market Size & Outlook
North America biotechnology and pharmaceutical services outsourcing market, 2018-2030 (US$M)
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North America biotechnology and pharmaceutical services outsourcing market highlights
- The North America biotechnology and pharmaceutical services outsourcing market generated a revenue of USD 11,492.6 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, consulting was the largest revenue generating services in 2023.
- Product Design & Development is the most lucrative services segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 11,492.6 million |
| Market revenue in 2030 | USD 16,103.1 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Consulting |
| Fastest growing segment | Product Design & Development |
| 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, North America region accounted for 24.9% 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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North America 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 47.4% in 2023. Horizon Databook has segmented the North America 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.
Moreover, the adoption of biotechnology & pharmaceutical services is accelerating the development of blockbuster drugs for various disease types across the U.S., Canada, Mexico, and Puerto Rico. This has increased the demand for various clinical trials and regulatory services for commercializing drugs.
In addition, outsourcing facilities offer a diverse portfolio of R&D projects at various development stages, making the pharmaceutical & biotechnology companies one step closer to taking the next viable medicine breakthrough to the market.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America biotechnology and pharmaceutical services outsourcing market databook
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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 North America biotechnology and pharmaceutical services outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into North America biotechnology and pharmaceutical services outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America biotechnology and pharmaceutical services outsourcing market size, by country, 2018-2030 (US$M)
North America Biotechnology And Pharmaceutical Services Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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