DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Biotechnology/Pharmaceutical Services Outsourcing Market Analysis, By Service And Segment Forecasts, 2014 - 2025" report to their offering.
The global biotechnology services outsourcing market is expected to reach USD 92.9 billion by 2025, according to this new report. Pharmaceutical industry has been adaptive of the function of outsourcing certain clinical and corporate functions as early as 2002. Among the services outsourced, clinical trial management and contract manufacturing were the forerunners. For instance, Johnson & Johnson was the first pharmaceutical company to outsource its applications development and maintenance (ADM).
In 2015, over USD 50.0 billion was spent on pharmaceutical R&D activities majorly on oncology, diabetes, and autoimmune therapy classes, which is expected to propel the biotechnology services outsourcing market growth over the forecast period.
Shrinking profit margins coupled with rising competition in the market space, and augmenting regulatory burden are other vital impact rendering factors. The pharmaceutical services outsourcing market is expected to register growth at a CAGR of 8.7% during the forecast period. On the other hand, pending immigration legislations in the U.S. may hinder business economics and outsourcing risks.
Pharmaceutical and biotechnology industries in Europe are significantly investing in R&D in the recent year owing to rising demand for advanced medicines. This may be attributed to increasing aging population, incidence of chronic diseases, and communicable diseases.
Service based expertise may be found in players such QuintilesIMS, Parexel Corporation, Lachman Consultant Services, Inc., Concept Heidelberg GmbH, and others. These players compete on the basis of service quality, competitive pricing, and long-term relations with healthcare industry participants.
Key Topics Covered:
1 Research Methodology
2 Executive Summary
3 Pharmaceutical/Biotechnology Services Outsourcing Market Variables, Trends, & Scope
4 Pharmaceutical/Biotechnology Services Outsourcing Market: Service Estimates & Trend Analysis
5 Pharmaceutical/Biotechnology Services Outsourcing Market: Regional Estimates & Trend Analysis
6 Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/6mwd86/biotechnologyphar