Pharmaceutical Services Outsourcing Market Segmentation Based On Service, Region And Forecast To 2025 : Grand View Research Inc.
San Francisco, 3 April 2019: The Report Biotechnology/Pharmaceutical Services Outsourcing Market Analysis, By Service (Consulting, Auditing & Assessment, Regulatory Affairs, Product Maintenance, Product Design & Development, Product Testing & Validation, Training & Education), And Segment Forecasts, 2018 – 2025 The global Pharmaceutical Services Outsourcing Market is expected to reach USD 92.9 billion by 2025, according to a new report by Grand View Research, Inc. 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 ther