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Life Sciences BPO Market
Business process outsourcing (BPO) for the life sciences is the transfer of one or more IT-intensive business processes to an outside provider for management and administration based on specified and quantifiable performance metrics. Through a third-party provider, the life sciences BPO offers a wide range of services in R&D, drug registration, and product launch. The main driving forces behind the market growth around the world are the expanding trend of outsourcing used by pharmaceutical and medical device companies, the expansion of the pharmaceutical industry, combined with the rising number of clinical studies.
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