Global Life Sciences Bpo Market Size & Outlook, 2023-2030
Global life sciences bpo market, 2018-2030 (US$M)
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Global life sciences bpo market highlights
- The global life sciences bpo market generated a revenue of USD 443,701.8 million in 2023 and is expected to reach USD 827,686.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.3% by 2030.
- In terms of segment, pharmaceutical outsourcing accounted for a revenue of USD 244,680.9 million in 2023.
- Medical devices outsourcing is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 443,701.8 million |
| Market revenue in 2030 | USD 827,686.9 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical outsourcing |
| Fastest growing segment | Medical devices outsourcing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceutical outsourcing, Medical devices outsourcing, Contract sales and marketing outsourcing |
Other key industry trends
- In terms of revenue, the North America accounted for 25.3% of the global life sciences bpo market in 2023.
- By country, the India is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 132,090.3 million by 2030.
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Life Sciences BPO Market Scope
Life Sciences BPO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global life sciences bpo 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 life sciences bpo market will help companies and investors design strategic landscapes.
Pharmaceutical outsourcing was the largest segment with a revenue share of 55.15% in 2023. Horizon Databook has segmented the Global life sciences bpo market based on pharmaceutical outsourcing, medical devices outsourcing, contract sales and marketing outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Life Sciences BPO Services Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceutical outsourcing
- Contract Manufacturing Market
- API
- Finished Dose Form
- Packaging
- Contract Research Organizations
- Drug Discovery
- Preclinical Studies
- Clinical Trial Studies
- Regulatory Services
- Pharmacovigilance
- Contract Manufacturing Market
- Medical devices outsourcing
- Contract Manufacturing Market
- Electronic Manufacturing Services
- Finished Goods
- Raw Materials/ Components
- Contract Research Organizations
- Regulatory Consulting Services
- Product Design and Development Services
- Product Testing Services
- Product Implementation Services
- Product Upgrade Services
- Product Maintenance Services
- Contract Manufacturing Market
- Contract sales and marketing outsourcing
- Others
- Pharmaceutical outsourcing
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Horizon Databook provides a detailed overview of global-level data and insights on the Global life sciences bpo market, including forecasts for subscribers. This global databook contains high-level insights into Global life sciences bpo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global life sciences bpo market size, by regions, 2018-2030 (US$M)
Top 10 countries: Life sciences bpo market size, 2023 (US$M)
Global life sciences bpo market share, by services, 2023 & 2030 (%, US$M)
Life sciences bpo market: Opportunity assessment by country
Global life sciences bpo market, by region, 2023 (US$M)
| Services | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 86,241.1 | 91,471.5 | 92,102.6 | 99,694.0 | 107,031.4 | 112,098.4 | 117,370.7 | 122,866.4 | 128,574.3 | 134,515.4 | 140,545.5 | 146,655.1 | 152,788.0 | 4.5% |
| Europe | 57,760.8 | 62,168.3 | 63,569.1 | 69,933.0 | 76,376.9 | 81,455.6 | 86,941.4 | 92,899.2 | 99,353.9 | 106,386.5 | 113,949.4 | 122,110.1 | 130,910.2 | 7.0% |
| Asia Pacific | 92,873.5 | 105,212.8 | 113,158.0 | 130,858.7 | 150,146.7 | 168,147.2 | 188,372.6 | 211,158.8 | 236,858.0 | 265,939.1 | 298,616.0 | 335,422.2 | 376,886.5 | 12.2% |
| Latin America | 31,217.9 | 34,785.8 | 36,828.3 | 41,954.8 | 47,453.7 | 52,420.0 | 57,960.8 | 64,161.8 | 71,109.6 | 78,923.8 | 87,644.1 | 97,402.6 | 108,326.7 | 10.9% |
| MEA | 18,184.2 | 20,126.1 | 21,172.9 | 23,969.0 | 26,943.5 | 29,580.6 | 32,511.1 | 35,780.3 | 39,428.2 | 43,516.5 | 48,060.0 | 53,126.1 | 58,775.5 | 10.3% |
| Overall | 286,277.5 | 313,764.5 | 326,830.9 | 366,409.5 | 407,952.2 | 443,701.8 | 483,156.6 | 526,866.5 | 575,324.0 | 629,281.3 | 688,815.0 | 754,716.1 | 827,686.9 | 9.3% |
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