Global Biotechnology/Pharmaceutical Services Outsourcing Industry

Global Biotechnology and Pharmaceutical Services Outsourcing Industry
Global Biotechnology/Pharmaceutical Services Outsourcing Market to Reach $90. 9 Billion by 2027. Amid the COVID-19 crisis, the global market for Biotechnology/Pharmaceutical Services Outsourcing estimated at US$54.New York, Sept. 19, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Biotechnology/Pharmaceutical Services Outsourcing Industry” – https://www.reportlinker.com/p05960580/?utm_source=GNW 8 Billion in the year 2020, is projected to reach a revised size of US$90.9 Billion by 2027, growing at a CAGR of 7.5% over the analysis period 2020-2027. Consulting Services, one of the segments analyzed in the report, is projected to record a 9.2% CAGR and reach US$20.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Auditing & Assessment segment is readjusted to a revised 6.8% CAGR for the next 7-year period. The U.S. Market is Estimated at $14.8 Billion, While China is Forecast to Grow at 11.5% CAGR The Biotechnology/Pharmaceutical Services Outsourcing market in the U.S. is estimated at US$14.8 Billion in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$20.6 Billion by the year 2027 trailing a CAGR of 11.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Regulatory Affairs Services Segment to Record 7.2% CAGR In the global Regulatory Affairs Services segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.6 Billion in the year 2020 will reach a projected size of US$10.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$12.5 Billion by the year 2027, while Latin America will expand at a 8.5% CAGR through the analysis period. We bring years of research experience to this 8th edition of our report. The 196-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Competitors identified in this market include, among others.

Johnny Thompson

Johnny Thompson is a senior reporter for Generator Research in Los Angeles, reporting on technology, business, finances, and more. He previously worked as a reporter for the Wall Street Journal and got his start at newspapers in New York, Connecticut, and Massachusetts.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

How High Temperature Flow Meters Work

Fri Dec 18 , 2020
In sectors that deal with liquids and fluids, getting accurate flow rates is vital in the processes to get high-quality products. Although the market is flooded with many types of flow meters, the user needs to know which type of flow meters are needed in applications. Failure to get proper […]
How High Temperature Flow Meters Work