Life Sciences BPO Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast upto 2023 The global life sciences BPO market is expected to be valued at US$286.3 bn by the end of 2023. It was recorded at US$127.4 bn in 2014 and, according to a research report released by Transparency Market Research, is likely to expand at a CAGR of 8.90% during the forecast period of 2015 to 2023. The report, titled “Life Sciences BPO Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 2023,� highlights the key factors that can influence this market in the near future. The life sciences BPO market comprises services offered by CMOs (Contract Manufacturing Organizations) and CROs (Contract Research Organizations) to the biotech pharmaceutical companies. A rise in demand for low cost drugs, patent expirations and uncertain economic conditions have compelled the pharmaceutical players to take support of various outsourcing services. This support has facilitated pharma players to streamline their value chain and focus more on its core strategies.
Global Life Sciences BPO Market to Expand at 8.90% CAGR from 2015 to 2023
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.