Biotechnology/Pharmaceutical Services Outsourcing

Biotechnology/Pharmaceutical Services Outsourcing

Global Biotechnology / Pharmaceutical Services Outsourcing Market to Reach $86 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Biotechnology / Pharmaceutical Services Outsourcing estimated at US$61.3 Billion in the year 2020, is projected to reach a revised size of US$86 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Consulting Services, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$17.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Regulatory Affairs Services segment is readjusted to a revised 5.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $16.9 Billion, While China is Forecast to Grow at 8.3% CAGR

The Biotechnology / Pharmaceutical Services Outsourcing market in the U.S. is estimated at US$16.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.4 Billion by the year 2027 trailing a CAGR of 8.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$11.3 Billion by the year 2027.

Auditing & Assessment Segment to Record 4.9% CAGR

In the global Auditing & Assessment segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.5 Billion in the year 2020 will reach a projected size of US$8.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.3% CAGR through the analysis period.

Select Competitors (Total 46 Featured) -

• Concept Heidelberg Gmbh
• Geographic Foothold
• Gmp Pharmaceutical Pty Ltd
• Inspired Pharma Training Ltd
• Lachman Consultant Services, Inc
• Management Forum
• Parexel International Corporation
• Quality Context Ltd
• Quintilesims
• Reading Scientific Service Ltd
• Service Benchmarking
• The Quantic Group

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