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GLOBAL PHARMACEUTICAL CONTRACT SALES OUTSOURCING (CSO) MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Pharmaceutical Contract Sales Outsourcing (CSO) Market, By Service Type (Personal Promotion, Non-personal Promotion, Others), By Therapeutic Area (Cardiovascular Disorders, Oncology, Metabolic Disorders, Neurology, Orthopedic Diseases, Infectious Diseases, Others), By End User (Biopharmaceutical Companies, Medical Device Companies, Generic Companies, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published In : Jan 2024
  • Code : CMI6549
  • Pages :160
  • Formats :
      Excel and PDF
  • Industry : Healthcare IT

Regional Analysis

Global Pharmaceutical Contract Sales Outsourcing (CSO) Market- Regional Insights

  • North America is expected to be the largest market for Pharmaceutical Contract Sales Outsourcing (CSO) during the forecast period, accounting for over 35.7% of the market share in 2023. North American region has emerged as the most prominent market for pharmaceutical CSO over the past decade. This dominance can be attributed to several factors. Being the largest pharmaceutical market globally with a high penetration of specialty medicines, North America presents a massive commercial opportunity for drug manufacturers. As development cycles shorten and pipelines expand rapidly, outsourcing non-core functions such as sales has become increasingly common among biopharma companies based in the U.S. and Canada. There is also a thriving ecosystem of CSO vendors with significant regional presence and networks to efficiently access prescribers.
  • Asia Pacific is expected to be the second-largest market for Pharmaceutical Contract Sales Outsourcing (CSO), accounting for over 25.2% of the market share in 2023. The Asia Pacific region stands out as the fastest growing market for pharmaceutical CSO globally. Rapid economic expansion has significantly improved the affordability and accessibility of medications in major emerging countries. At the same time, an aging population and growing disease burden points to higher healthcare expenditures across Asia Pacific in the years to come. International pharmaceutical firms are eager to capitalize on these evolving dynamics by carving out market share early through outsourced commercial capabilities.
  • Europe is expected to be the fastest-growing market for Pharmaceutical Contract Sales Outsourcing (CSO), with a share of 19% during the forecast period. The growth of the market in this region is attributed to the increasing numerous biopharma companies in Europe rely on contract sales organizations to conduct these promotional activities due to rising costs and the important role of personal engagement in influencing prescription decisions, especially for specialty and innovative drugs.

Figure 1. Global Pharmaceutical Contract Sales Outsourcing (CSO) Market Share (%), By Region, 2023

Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa

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