Global Contract Research Organization Services (CROs) Market is expected to reach USD 60.9 Billion by 2027 from USD XX Billion in 2019 at CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Various factors driving the Contract Research Organization Services (CROs) market growth are increasing the prevalence of diseases such as cardiovascular, diabetes, & oncological, a robust pipeline of pharmaceutical & biopharmaceutical products, and increasing complexity of clinical trials and fast-paced changing regulatory framework associated with commercialization.
Global Contract Research Organization Services (CROs) Market is segmented by type, therapeutic area, end user, and geography. Type segment is sub-segmented as early phase development service, clinical research services, laboratory services and consulting services. Therapeutic Area segment is classified as oncology, infectious diseases, central nervous system (CNS) disorders, immunological disorders, and others. End-user segment is divided as pharmaceutical & biopharmaceutical companies, medical device companies, and academic institutes. Pharmaceutical & biopharmaceutical companies end-user segment is expected to register highest growth rate during the forecast period, owing to increased outsourcing of early phase development services and clinical and laboratory testing services by pharmaceutical companies to increase profit margins. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Increased outsourcing of R&D activities and the increasing number of clinical trials are trending the overall Global Contract Research Organization Services (CROs) Market. However, shortage of skilled professionals will restrain the market growth. North America is expected to dominate the Contract Research Organization Services (CROs) Market in forecast period followed by Europe and APAC. Technologically advanced research, the increase in clinical trial activity and high-quality standards in the pharmaceutical industry in this region will fuel the Contract Research Organization Services (CROs) Market in the North America region.
Key Highlights:
• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for this market during the forecast periodrn• Complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunitiesrn• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chainrn• Global Contract Research Organization Services (CROs) Market analysis and comprehensive segmentation with respect to the type, therapeutic area, end user, and geography to assist in strategic business planningrn• Global Contract Research Organization Services (CROs) Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions
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Scope of the Global Contract Research Organization Services (CROS) Market:Inquire before buying
rnGlobal Contract Research Organization Services (CROS) Market, By Type:
• Early Phase Development Servicesrno Discovery Studiesrno Chemistry, Manufacturing & Controlrno Preclinical Servicesrn• Pharmacokinetics/Pharmacodynamics (PK/PD)
• Toxicology Testingrn• Othersrn• Clinic Research Servicesrno Phase Irno Phase IIrno Phase IIIrno Phase IVrn• Laboratory Servicesrno Bioanalytical Testingrno Analytical Testingrn• Physical Characterizationrn• Stability Testingrn• Batch Release Testingrn• Raw Material Testingrn• Other Analytical Testingrn• Consulting Services
Global Contract Research Organization Services (CROS) Market, By Therapeutic Area:
• Oncologyrn• Infectious Diseasesrn• Central Nervous System (CNS) Disordersrn• Immunological Disordersrn• Cardiovascular Diseasesrn• Respiratory Disordersrn• Diabetesrn• Other Therapeutic Areas
Global Contract Research Organization Services (CROS) Market, By End-User:
• Pharmaceutical & Biopharmaceutical Companiesrn• Medical Device Companiesrn• Academic Institutes
Global Contract Research Organization Services (CROs) Market, By Geography:
• North Americarn• Europern• Asia Pacificrn• Middle East & Africarn• Latin America
Key Players in the Global Contract Research Organization Services (CROs) Market Are:
• MPI Researchrn• Quintiles Transnational Holdings Inc.
• Envigorn• SGSrn• MeDPAce Holdingsrn• Charles Riverrn• WuXi Pharmatechrn• INC Research Holdings, Inc.
• Syneos Healthrn• ICON PLCrn• PPDrn• PRA Health Sciencesrn• PAREXELrn• LabCorprn• IQVIArn• Laboratory Corporation of America Holdingsrn• Pharmaceutical Products Development, LLC.
• Clintecrn• KCR S.A.
• Covance Inc.
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