Functional Service Provider Market Emerging Audience, Emerging Factors, Segments, Sales, Profits and

Anand949526 Sep, 2022Health

Functional service provider (FSP) is an outsourcing model in clinical development that gives pharmaceutical companies, biotech companies, medical device companies, and research institutes to outsource full or partial aspects of specific functions to a contract research organization. FSPs are companies that are contracted by other organizations to perform certain jobs while still being in control of the overall operations. The global functional service providers (FSP) market is growing due to the increasing number of clinical trials and RD investments.