Icon PLC

Icon PLC Overview

Company Headquarters: Dublin, Ireland

Founded: 1990

Workforce: ~38,000

Company Working: Icon plc offers a wide range of clinical development, consulting, and commercialization services across 46 countries. It provides a wide range of services, including clinical research services, commercial positioning, functional services provision, laboratories, medical imaging, real-world intelligence, and site & patient solutions. The organization has extensive experience in diverse therapeutic areas such as cardiovascular, cell, and gene therapies, central nervous system, endocrine and metabolic disorders, infectious diseases, internal medicine and immunology, oncology, and pediatrics. Moreover, it operates in markets and industry verticals such as biosimilar, biotech, government & public health solutions, and pharmaceuticals and has operational facilities across 147 locations.

Strategy

Icon plc is highly focused on innovating new technologies to enhance efficiency and productivity. It is involved in developing solutions and services relevant to patient needs. Its therapeutic experts are dedicated to regular industry publications to help develop new solutions and services. Moreover, the organization aims to strengthen the operation, function, and therapeutic approaches to offer customized services to the customers. The company is increasing investment in R&D projects to improve major FSP functions such as clinical monitoring and statistical programming.

Company Snapshot

$2,365M

Revenue

38,000

Employees

1990

Founded

Dublin, Ireland

Headquarters

SWOT Analysis

Strengths

Global presence
Wide range of products
Strong operational capabilities
Customer-focused innovation and product development
Robust strategic development program to enhance the drug development process

Weaknesses

Major revenue dependence on the US and Ireland market
Limited presence in the MEA

Opportunities

Expanding in developing economies
Growing demand for outsourcing in pharmaceutical testing
Scope for adopting business strategies such as product development and collaboration with local players

Threats

Stringent government regulations
High completion among the major players
Fluctuation in operating expenses

Product Offering

Icon PLC
- Infectious Disease
- Oncology
- Cardiovascular
- Clinical Laboratory Test Systems, Reagents and Instrumentation
- Functional Service Provision
- Clinical Trial Management
- Regulatory Consulting and Submissions
- Data Management and Biostatistics
- Patient Recruitment and Retention
- Medical Imaging Services
- Central Laboratory Services
- Health Economics and Outcomes Research (HEOR)
- Real-World Evidence Generation

Financial Performance

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