Pharmaceutical Contract Sales Organizations Market Analysis, Scope, and Growth by 2030
Pharmaceutical Contract Sales Organizations Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 8.21 Billion |
Market Size by 2030 | US$ 15.82 Billion |
Global CAGR (2022 - 2030) | 8.6% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Services
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Industry Developments and Future Opportunities:
Various initiatives taken by key players operating in the global pharmaceutical contract sales organizations market are listed below:
- In September 2022, IQVIA, Inc. collaborated with pharmaceutical company Dr. Reddy's Laboratories. As per the arrangement, IQVIA provided Dr. Reddy's access to its Orchestrated Customer Engagement (OCE) platform to assist with its CRM operations. According to the partnership, Dr. Reddy's provided IQVIA's OCE application to all of its marketing users and field staff in India so they could more effectively engage customers by integrating marketing, account management, medical scientific liaison, sales, and other activities.
- In July 2021, ICON plc—a global provider of outsourced drug and device development and commercialization services to the pharmaceutical, biotechnology, medical device, and government and public health firms—acquired PRA Health Sciences, Inc. The merger enhances the consulting, clinical, and commercial services portfolio, geographic presence, therapeutic capabilities, and data-powered healthcare technology of the ICON, which aims to provide internationally scaled expertise and solutions.
Competitive Landscape and Key Companies:
CMIC Holdings Co Ltd, Axxelus Inc, EPS Holdings Inc, MaBico SA, IQVIA Holdings Inc, Peak Pharma Solutions Inc, QFR Solutions LLC, Promoveo Health LLC, Syneos Health Inc, and Mednext Pharmaceuticals Pvt Ltd are among the top pharmaceutical contract sales organizations. These companies focus on new technological services, advancements in existing services, and geographic expansions to meet the growing consumer demand worldwide.