Life Sciences BPO Market - Forecast(2021 - 2026)
Life Sciences BPO Market size in 2020 is estimated at $229.7 Billion, growing at a CAGR of 15.3% during the forecast period 2021-2026. Business Process Outsourcing (BPO) is the contracting of non-primary business activities and functions to a third-party provider for Pharmaceutical Outsourcing, Medical Devices Outsourcing, Active Pharmaceutical Ingredient (API). Life sciences BPO Market offers a variety of services in research, discovery, development, drug registration, and product launch. Moreover, key factors such as the growing need for pharmaceutical Outsourcing, Medical Devices Outsourcing, and biotechnology companies to accelerate time to market new treatments, reduce research and development (R&D) costs, increase productivity, and comply with regulations. Besides, strategic initiatives, mergers and acquisitions, and product launches for the sciences BPO market enhances the overall market demand for Life Sciences BPO Market during the a...