Due to the looming patent expiry, healthcare spending cuts, and decline in productive outcome of research and development, pharmaceutical giants are seeking services from contract manufacturing organizations (CMOs) and contract research organizations (CROs) solutions. As per Transparency Market Research (TMR), outsourcing noncore business activities will allow pharma companies to focus on their core competencies. Besides this, ... Read more
Life science business process outsourcing (BPO) is one of the most lucrative industries in the healthcare sector. Constantly rising pricing pressure and increasing competition is compelling pharmaceutical and medical device companies to strategically reduce their operational costs and in turn benefit from higher profits. This has led to an increasing demand for contract manufacturing outsourcing (CMO) and contract research outsourcing (CRO) services. Asia and Latin America are the most ... Read more
The Life Sciences Business Process Outsourcing (BPO) market has witnessed substantial growth in recent years due to the increasing demand for cost-effective and efficient services in the pharmaceutical, biotechnology, and medical device industries. This Report delves into the value chain analysis and cost optimization strategies in the Life Sciences BPO sector, highlighting the key aspects that contribute to its success and growth.