IQVIA India: Comprehensive Market Research Report

Company Profile: IQVIA India

IQVIA India, a leading subsidiary of IQVIA Inc., has a prominent presence in the Indian market for over two decades. Formed by the merger of Quintiles and IMS Health in 2016, IQVIA is renowned for its comprehensive capabilities in data, technology, advanced analytics, and professional consulting services. The organization focuses on driving healthcare forward through innovative business models tailored to meet local and global customer aspirations.

Key Offerings

Pharmaceutical Solutions: From clinical trials to commercialization, IQVIA supports the pharmaceutical industry by integrating data science with human science.

Consumer Health, MedTech, Public Health & Government, Provider Solutions: IQVIA caters to diverse sectors within the healthcare industry, providing a wide range of services.

Clinical Research: IQVIA conducts extensive clinical research, including over 45 vaccine studies in India, involving more than 70,000 participants across various trials.

Key Insights

Indian Pharmaceutical Market Performance: The pharmaceutical industry in India showed an 8% growth in Q4 2023, with chronic therapies reflecting a 9% growth.

Workforce: The company boasts more than 22,000 employees in India, hailing from diverse backgrounds in life sciences, healthcare analytics, information technology, and consulting.

Leadership

Global Leadership:

Ari Bousbib: Chairman and Chief Executive Officer.

Ron Bruehlman: Executive Vice President and Chief Financial Officer.

Trudy Stein: Executive Vice President and Chief Human Resources Officer.

Bhavik Patel: President, Commercial Solutions.

India Leadership:

Shashikala Menon: Sr. Director Operations & Country Head, Q Squared Solutions.

Deepankar Khare: Senior Director, Business Head, Data and Analytics, Technology and Digital, Healthcare, South Asia.

Locations

Head Office: Unit No. 2001, 20th floor, One Lodha Place, Senapati Bapat Marg, Upper Worli, Lower Parel, Mumbai 400013, Maharashtra.

Bangalore Office: Omega Embassy TechSquare, Marathahalli-Sarjapur Outer Ring Road, Kadubeesanahalli, Bangalore 560 103, Karnataka.

Other Major Offices:

Thane: G-Corp Tech Park, 12th Floor, Kasarvadavali, Thane-Ghodbunder Road, Thane, Maharashtra.

Kolkata: South City Pinnacle, 12th Floor, Mirania Garden, Kolkata 700 091, West Bengal.

Offices also located in Ahmedabad, Chennai, Coimbatore, Delhi, Gurugram, Hyderabad, Kochi, Mumbai (QLAB), Noida, Pune.

Social Responsibility

IQVIA India places a strong emphasis on Corporate Social Responsibility (CSR), focusing on improving healthcare through education and research initiatives. The IQVIA Health Transformation Foundation supports evidence-based decision-making to advance healthcare outcomes.

Recent Developments

Financial Reports: IQVIA Holdings Inc. reported significant results for the fourth quarter and full year 2023, with a revenue of $3,868 million for Q4 alone.

Strategic Insights: Recent white papers and blogs from IQVIA India discuss telemedicine, biosimilars for retinal vascular diseases, and strategic leadership during public health emergencies.

Competitor Profiling for IQVIA India

Key Competitors of IQVIA

1. Medidata Solutions

Product Type: Software and Services for Clinical Trials

Industry: Healthcare and Life Sciences

Founded Date: 1999

Founders: Glen de Vries, Tarek Sherif

Headquarters: New York, United States

Area Served: Worldwide

Current CEO: Tarek Sherif

Core Competencies:

Providers of SaaS and data analytics solutions supporting clinical research.

A unified platform dedicated to clinical research, transforming trials with integrated data management, trial management, and patient engagement.

Serves over 2,300 customers globally, involving 10 million+ patients in 34,000 clinical trials.

2. Syneos Health

Product Type: Clinical Research and Commercialization Services

Industry: Healthcare and Life Sciences

Founded Date: 2018

Founders: InVentiv Health and INC Research

Headquarters: North Carolina, United States

Area Served: Worldwide

Current CEO: Alistair Macdonald

Core Competencies:

End-to-end biopharmaceutical solutions, spanning clinical development to full commercialization.

Executes tailored project teams with specialized experts for different therapeutic areas.

Involvement in 290+ ophthalmology projects and execution of commercial solutions to reduce risk and accelerate performance.

3. PRA Health Sciences

Product Type: Clinical Research and Drug Development Services

Industry: Healthcare and Life Sciences

Founded Date: 1982

Founders: James E. Kanas

Headquarters: North Carolina, United States

Area Served: Worldwide

Current CEO: Colin Shannon

Core Competencies:

Offers a broad range of services in drug development from early-stage trial design to post-approval research.

Strong focus on therapeutic areas including oncology, neurology, and rare diseases.

4. ICON Plc

Product Type: Clinical Research and Drug Development Services

Industry: Healthcare and Life Sciences

Founded Date: 1990

Founders: John Climax

Headquarters: Dublin, Ireland

Area Served: Worldwide

Current CEO: Steve Cutler

Core Competencies:

A global leader in providing outsourced clinical research services.

Supports all phases of clinical development with specialized expertise in drug and device development.

Notable 2023 financial figures include $8.12 billion in revenue and $1.045 billion in operating income.

5. Parexel International Corporation

Product Type: Clinical Research and Drug Development Services

Industry: Healthcare and Life Sciences

Founded Date: 1982

Founders: Josef von Rickenbach

Headquarters: Massachusetts, United States

Area Served: Worldwide

Current CEO: Jamie Macdonald

Core Competencies:

Provides clinical research services, regulatory consulting, and market access solutions.

Significant expertise in navigating the complex landscape of drug development.

6. Optum

Product Type: Health Services

Industry: Healthcare

Founded Date: 2011

Headquarters: Eden Prairie, Minnesota, United States

Current CEO: Andrew Witty

Core Competencies:

Specializes in data analytics, population health management, and care delivery to improve healthcare outcomes.

A division of UnitedHealth Group and a major player in healthcare services.

7. IBM Watson Health

Product Type: Healthcare Data Analytics

Industry: Healthcare

Founded Date: 2015

Founders: IBM

Headquarters: Cambridge, Massachusetts, United States

Current CEO: Paul Roma

Core Competencies:

Utilizes advanced technologies including artificial intelligence for healthcare solutions.

Focus on data analytics and clinical decision support systems.

8. Cognizant

Product Type: Consulting, Technology, and Outsourcing Services

Industry: Professional Services

Founded Date: 1994

Founders: Kumar Mahadeva

Headquarters: Teaneck, New Jersey, United States

Current CEO: Brian Humphries

Core Competencies:

Provides a range of consulting and technology services to healthcare organizations.

Expertise in harnessing technology and data to improve patient care and operational efficiency.

9. Accenture

Product Type: Consulting, Technology, and Outsourcing Services

Industry: Professional Services

Founded Date: 1989

Founders: Arthur E. Andersen

Headquarters: Dublin, Ireland

Current CEO: Julie Sweet

Core Competencies:

Delivers services in digital transformation, analytics, and cybersecurity.

Helps healthcare organizations navigate complex industry challenges with innovative solutions.

10. Eurofins

Product Type: Testing and Laboratory Services

Industry: Life Sciences

Founded Date: 1987

Founders: Gilles Martin

Headquarters: Luxembourg City, Luxembourg

Current CEO: Gilles Martin

Core Competencies:

Leading provider of bioanalytical testing services for the pharmaceutical and biotechnology industries.

Offers extensive laboratory and testing services across genomics, proteomics, and specialized testing.

Additional Information

For more details, please explore IQVIA’s online presence on their [official LinkedIn](https://www.linkedin.com/company/iqvia/) and [Twitter](https://twitter.com/iqvia_global) profiles.