And it is poised to grow through 2024.
While the actual market for language services within Life Sciences is but a fraction of this figure, this is an appealing industry localization services providers (LSPs) should seriously contemplate getting into.
Here is a breakdown of the different subsegments of the Life Sciences market and how much they represent.
The global healthcare market is projected to reach USD 10.059 trillion by 2022, up from 7.5 trillion in 2016. That’s a lot of zeroes. The pie will continue to grow as we continue to age. The need for new forms of treatment and devices improving health outcomes won’t be slowing down any time soon.
20 January 2020
It comes as little surprise that Life Sciences is a sector firmly on the rise. While access to healthcare is democratizing across the globe, the growing needs of patients go hand in hand with technological advancements transforming the way businesses operate.
22 October 2019
The language industry consists of segments that move at different speeds and have different sizes. Companies that specialize in a fast-growing and sizeable vertical can enjoy a steady increase in business. For buyers of language services, it makes sense to select a provider with the appropriate portfolio size in their vertical. Those companies will speak […]
6 August 2019
The language industry consists of segments that move at different speeds and have different sizes. Companies that specialize in a fast-growing and sizeable vertical can enjoy a steady increase in business. For buyers of language services, it makes sense to select a provider with the appropriate portfolio size in their vertical. Those companies will speak […]
6 August 2019