Product Code: CMI5962
Specialized businesses called Functional Service Providers (FSPs) provide outsourced services to the pharmaceutical, biotechnology, and medical device sectors. FSPs concentrate on offering specialized functional knowledge in support services including clinical research, data administration, regulatory affairs, pharmacovigilance, and other areas. In order to enhance internal capabilities, streamline processes, and maximize efficiency in areas crucial to medication research and commercialization, they collaborate with their clients.
Market Dynamics:
Increasing outsourcing of clinical trials, growing complexity of trials, cost and operational efficiency, and access to a global talent pool are major factors expected to drive growth of the global functional service providers (FSP) market during the forecast period.
However, cost pressures, talent and resource constraints, and regulatory and compliance complexities. Are expected to hamper the growth of the functional service providers (FSP) market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global functional service providers (FSP) market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global functional service providers (FSP) market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Major players operating in the functional service providers FSP market include QuintilesIMS (now IQVIA), Parexel International Corporation, ICON plc, PRA Health Sciences, Covance Inc., Charles River Laboratories International Inc., Syneos Health, and more.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global functional service providers (FSP) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global functional service providers (FSP) market.
Detailed Segmentation:
- Global Functional Service Providers (FSP) Market, By Service Type:
- Clinical Trial Design and Management
- Data Management and Biostatistics
- Regulatory Affairs
- Medical Writing
- Pharmacovigilance and Drug Safety
- Quality Assurance and Compliance
- Site Management and Monitoring
- Patient Recruitment and Retention
- Other Services
- Global Functional Service Providers (FSP) Market, By Therapeutic Area:
- Oncology
- Cardiovascular
- Infectious Diseases
- Central Nervous System (CNS)
- Respiratory
- Immunology
- Gastrointestinal
- Other Therapeutic Areas
- Global Functional Service Providers (FSP) Market, By End-User:
- Pharmaceutical Companies
- Biotechnology Companies
- Contract Research Organizations (CROs)
- Academic and Research Institutes
- Medical Device Companies
- Other End-Users
- Global Functional Service Providers (FSP) Market, By Company Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
- Global Functional Service Providers (FSP) Market, By Geography:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles:
- QuintilesIMS (now IQVIA)
- Parexel International Corporation
- ICON plc
- PRA Health Sciences
- Covance Inc.
- Charles River Laboratories International Inc.
- Syneos Health
- Pharmaceutical Product Development, LLC (PPD)
- Medpace Holdings, Inc.
- LabCorp (Laboratory Corporation of America Holdings)
- Wuxi AppTec
- inVentiv Health (now Syneos Health)
- PAREXEL International (now part of PPD)
- Accenture
- Cognizant
Table of Contents:
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Service Type
- Market Snapshot, By Therapeutic Area
- Market Snapshot, By End User
- Market Snapshot, By Company Size
- Market Snapshot, By Geography
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Increasing outsourcing of clinical trials
- Cost pressures, talent and resource constraints,
- Access to a global talent pool
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Functional Service Providers (FSP) Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Global Functional Service Providers (FSP) Market, By Service Type, 2023-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Clinical Trial Design and Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Data Management and Biostatistics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Regulatory Affairs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Medical Writing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Pharmacovigilance and Drug Safety
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Quality Assurance and Compliance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Site Management and Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Patient Recruitment and Retention
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Other Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
6. Global Functional Service Providers (FSP) Market, By Therapeutic Area, 2023-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Oncology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Cardiovascular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Infectious Diseases
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Central Nervous System (CNS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Respiratory
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Immunology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Gastrointestinal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Other Therapeutic Areas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
7. Global Functional Service Providers (FSP) Market, By End User, 2023-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Pharmaceutical Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Biotechnology Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Contract Research Organizations (CROs)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Academic and Research Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Medical Device Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Other End-Users
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
8. Global Functional Service Providers (FSP) Market, By Company Size, 2023-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Small and Medium-sized Enterprises (SMEs)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Large Enterprises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
9. Global Functional Service Providers (FSP) Market, By Geography, 2023-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Area, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Company Size, 2023-2030,(US$ Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Area, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Company Size, 2023-2030,(US$ Bn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Area, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Company Size, 2023-2030,(US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Area, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Company Size, 2023-2030,(US$ Bn)
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Area, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Company Size, 2023-2030,(US$ Bn)
10. Competitive Landscape
- QuintilesIMS (now IQVIA)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Parexel International Corporation
- ICON plc
- PRA Health Sciences
- Covance Inc.
- Charles River Laboratories International Inc.
- Syneos Health
- Pharmaceutical Product Development, LLC (PPD)
- Medpace Holdings, Inc
- LabCorp (Laboratory Corporation of America Holdings)
- Wuxi AppTec
- inVentiv Health (now Syneos Health)
- PAREXEL International (now part of PPD)
- Accenture
- Cognizant
- Analyst Views
11. Section
- Research Methodology
- About us