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IQVIA

Company Profile Analysis

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IQVIA - Healthcare showcase

Year Founded & Workforce

1982

58,000 Employees

Industry

Healthcare

Services

Audit Software
I

IQVIA Employee Contacts

117 verified contactsNames, job titles, seniority and locations

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IQVIA Overview

Company Headquarters: North Carolina, US

Founded: 1982

Workforce: ~58,000

Company Working: IQVIA, formed through the merger of IMS Health and Quintiles, is a leading global provider of advanced analytics, technology solutions, and contract research services to the life sciences industry. IQVIA applies human data science by leveraging the analytic rigor and clarity of data science to the ever-expanding scope of human science to enable companies to reimagine and develop new approaches to clinical development and commercialization, speed innovation, and accelerate improvements in healthcare outcomes. Powered by the IQVIA CORE, the company delivers unique and actionable insights at the intersection of large scale analytics, transformative technology, and extensive domain expertise. The company also delivers execution capabilities to help biotech, medical device, and pharmaceutical companies, medical researchers, government agencies, payers, and other healthcare stakeholders tap into a deeper understanding of diseases, human behaviors, and scientific advances, in an effort to advance their path toward cures. The company conducts operations in more than 100 countries, such as India, China, Australia, Africa, Belgium, Germany, and Brazil.

Strategy

IQVIA Company strategizes to be a leading provider of advanced analytics, technology solutions. The company aims to offer innovative technologies and value-added products and services to its customers around the world. It invests heavily in research and development to enhance its product portfolio. Further, IQVIA Company is strengthening its research and development activities worldwide by collaborating with the local players to strengthen its position regionally and globally

Company Snapshot

$6,815M

Revenue

58,000

Employees

1982

Founded

North Carolina, US

Headquarters

SWOT Analysis

Strengths

  • Global Presence
  • Revenue Performance
  • Strong Brand Image
  • Strong liquidity and cash flow
  • Strong presence in Asian and emerging markets
  • Robust partnership with biopharmaceutical companies

Weaknesses

  • Low Liquidity Position
  • Concerns pertaining to operation of internal control over financial reporting

Opportunities

  • Strategic Acquisition and Partnership
  • Scope for expanding portfolio through strategic acquisitions
  • Increasing investment in outsourced R&D projects

Threats

  • Competitive Pressure
  • Stringent Regulatory Environment
  • Currency Rate Fluctuation
  • Increasing risks of cyber threats
  • High competition among prominent industry providers

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Key Developments

DateApproachDevelopment
February 2020Product LaunchIQVIA Inc. launched Avacare Clinical Research Network to augment the opportunities for clinical trials and research options. The Avacare Network is expected to accelerate clinical trials, reduce the cost of care, and advance research to match consumer requirements.

Product Offering

  • IQVIA COMPANY
    • Audit Software

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Sales rose from USD 9,709 Mn in 2017 to USD 11,093 Mn in 2019.
IQVIA — By Business Segment
Series (USD Mn)201720182019
Global Sales9,70910,41311,093

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