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Core Labs
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

Meet Abi

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Discover Market Info

manage-risk

Manage Risk

performance

Find Suppliers

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Assess Category Performance

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Source Market Indices

Abi will answer all Core Labs related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

Get up-to-date market and supplier info on Core Labs to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

Assess Supplier Risk based on key risk and compliance parameters

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

Benchmark your category performance against peers and the market

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

Get information on key factors affecting your supply

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Core Labs Category Intelligence

Report Coverage

Market Overview
Market Trends
Technology & Innovation Trends
Sourcing - Best Practices

Core Labs Market Trends

Category Intelligence on Core Labs covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

Table of Contents

Executive Summary
Impact of COVID
Executive Summary- Global Central Laboratories Snapshot

Market Overview
Market size and Growth forecast
Drivers and Constraints
Outsourcing Adoption Rates
Porter’s Five Force Analysis
Market Trends
Technology & Innovation Trends
Regional Overview-Australia

Sourcing - Best Practices
Cost Breakup and Cost Drivers
Central Labs – Sourcing Scenarios

Innovations and Sustainability
Innovations
Sustainability

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Industry Outlook & Drivers

Core Labs Global Market Outlook:

Global Central Laboratory Services Market Size: Expected to grow at a CAGR of 7 percent from 2019 to 2024 In 2020E: $4.12 billion

Market Drivers
• Cost efficiency
• Technological Innovations
• Shift of clinical trials to emerging economies
• Regulatory and operational leading to increased outsourcing

Outsourcing Adoption rates

Engaging with a CRO is preferred, as they provide other related services as a value addition, when compared to a diagnostics laboratory service provider. Large Pharma and Bio-Pharma outsource100 percent of their central laboratory testing. However, mid-sized companies still carry out certain testing functions in-house.

Market Constraints
• Need to constantly innovate and acquire the latest technological and medical innovations
• Requirement of large capital investments to build and maintain central laboratory facility

Engagement Model
• The most preferred pharma engagement is based on preferred supplier (52 percent). However, the industry is facing a transformation, wherein more strategic partnerships are coming into practice.

Pricing Models
• Fee for service/volume-based fixed unit pricing: Pharma sponsors engaged in preferred pricing agreements and offer volume-based reduction schemes, based on overall global spend with the vendor.

Mergers and Acquisitions
• Mergers and acquisitions is done on a large scale to expand the core lab services provided.
• Pacific Biomarkers is merging with Neomed Labs to build a centre of excellence for clinical immunology and specialty biomarker testing services

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