San Francisco, California, September 18, 2017: The healthcare and pharmaceutical industries are continuously evolving due to constant innovations carried out by the leading players in the market. To cope up with the changing market scenario, various small and medium sized pharmaceutical companies are outsourcing their marketing and sales operations to third party service providers known as contract sales organizations (CSO). TMR Research has added a new report to its portfolio, named as “Pharmaceutical Contract Sales Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” which provides 360 degree assessment of the global market for pharmaceutical contract sales. This report estimates the global market values and the CAGR of the market over the forecast period. This report covers various aspects of the market such as segmentation, trends, opportunities, competitive analysis, and regional analysis of the global market.
Contract sales organizations perform various services such as providing assistance to companies in marketing and sales of their services and products, managing sales territory alignments, call center setup, and hiring and training sales representatives. On a contract basis, medical and pharmaceutical companies subcontract their sales and pertained tasks to another companies, which have expertise in sales of similar domains. This outsourcing helps medical and pharmaceutical companies to focus on their own functions and allows them to grow and manage product sales. Due to increased healthcare expenditure and declining profits due to development and drug approval process, high cost related to research, and expiration of patents, numerous pharmaceutical companies are inclining towards these types of outsourcing. This report lists various such trends that are fostering the global market for pharmaceutical contract sales. This exposure to trends that are affecting either in a positive or a negative manner is expected to help readers understand various aspects of the market.
Geographically, the global market for pharmaceutical contract sales can be segmented into Middle East and Africa, Asia Pacific, Europe, Latin America, and North America. Among them the U.S. and Europe together contributes more than 70-75% share to the global market. The government and regulatory bodies monitor overall quality and cost of drugs, which increases acceptance and demand of contract sales culture over these regions. The regional or local contract sales organizations are being demanded by several pharmaceutical companies which is fueling the global market. The government intervention to develop healthcare infrastructure, large patient population, and the increasing disposable income among the consumers of Asia Pacific are expected to provide momentum to the market of Asia Pacific. This market study TMR Research covers geographical analysis of the market, which provides regional trends and opportunities to the market players. The market values estimations have been included for these regions, which are expected to enable readers to compare the market growth in these regions.
A significant portion of this report sheds light on competitive analysis of the market. Company profiles of various players have been included, where their services are specified. Some of the prominent players operating in this market include Pharmexx UK, United Drug Plc., Interpace BioPharma, LLC, and InVentiv Health. This report provides recommendations to market players to stay ahead of the competition, growth opportunities in emerging and established markets, key business strategies followed by influential market vendors, detailed analysis of market segments up to second or third level of segmentation, and recent developments in the market’s competitive landscape. This report is formulated with an extensive research of the market. The proven procedures and methods followed to collect the data makes the statistics provided in the report reliable and accurate.
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