Global $92.9 Billion Biotechnology/Pharmaceutical Services … – PR Newswire (press release)

The global biotechnology services outsourcing market is expected to reach USD 92.9 billion by 2025

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.

Further key findings from the study suggest:

Key Topics Covered:

1 Research Methodology

2 Executive Summary

3 Pharmaceutical/Biotechnology Services Outsourcing Market Variables, Trends, & Scope 3.8 Service pricing analysis

4 Pharmaceutical/Biotechnology Services Outsourcing Market: Service Estimates & Trend Analysis 4.1 Pharmaceutical/biotechnology services outsourcing market: Service movement analysis 4.2 Consulting services 4.2.2 Regulatory compliance 4.2.3 Remediation 4.2.4 Quality management 4.2.5 Other 4.3 Auditing & assessment 4.4 Regulatory affairs services 4.4.2 Clinical trial applications & product registration 4.4.3 Regulatory writing & publishing 4.4.4 Legal representation 4.4.5 Other 4.5 Product maintenance services 4.6 Product design & development 4.7 Product testing & validation 4.8 Training & education 4.9 Other services

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/5b9f3q/biotechnologyphar

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Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com

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SOURCE Research and Markets

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Global $92.9 Billion Biotechnology/Pharmaceutical Services ... - PR Newswire (press release)