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Global Contract Research Organization (CROs) Services Market : The dynamics of Developed & Developing Countries Growth Speed Up || Pharmaceutical Product Development, LLC, BTS Research, ICON Plc, Laboratory Corporation Of America Holdings, Covance, Inc., PAREXEL International Corporation

Global Contract Research Organization (CROs) Services Market By Type (Early Phase Development Services, Pharmacokinetics /Pharmacodynamics, Toxicology Testing, Clinic Research Services, Laboratory Services, Physical Characterization, Stability Testing, Batch Release Testing, Raw Material Testing, Other Analytical Testing, Consulting Services), Therapeutic Area (Oncology, CNS Disorders, Infectious Diseases, Cardiovascular Diseases, Immunological Disorders, Respiratory Disorders, Diabetes, Other Therapeutic Areas), End User (Pharmaceutical and Biopharmaceutical Companies, Medical Device Companies, Academic Institutes), Geography (North America, Europe, Asia-Pacific, South America and Middle East and Africa)  – Industry Trends & Forecast to 2026

Market Analysis: Global Contract Research Organization (CROs) Services Market

Global contract research organization (CROs) services market is expected to reach USD 59.24 billion by 2026 in the forecast period of 2019-2026. This rise in the market can be attributed to the increase in the expenditure of research and development, rise in the number of clinical trials and increase demand for outsourcing analytical testing and clinical trial services

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Market Definition: Global Contract Research Organization (CROs) Services Market

Contract research organization supports services and clinical trials for the pharmaceuticals, medical device industry, bio technology, government universities and institutions. CROs play a significant role in drug development. CROs provide various services such as project management, database design & build, data entry & validation, clinical trial data management, quality and metric reporting, medicine and disease coding, validation programming, statistical analysis plans and reports, safety and efficacy summaries and many more.

Market Drivers

  • Increase in  research and development activities may boost the market growth
  • Increased demand for outsourcing analytical testing and clinical trial services would enhance the growth
  • Rise in the number of clinical trials can enhance the market growth
  • Rise in the regulatory pressure on contract research organization would act as catalyst for the market growth

Market Restraints

  • Lack of skilled scientists may hamper the market growth
  • Aligning of personnel expertise for specific projects is difficult which may restrict the market growth

Segmentation: Global Contract Research Organization (CROs) Services Market

By Type

  • Early Phase Development Services
    • Discovery Studies
    • Chemistry, Manufacturing & Control
    • Preclinical Services
  • Pharmacokinetics /Pharmacodynamics
  • Toxicology Testing
  • Clinic Research Services
    • Phase I
    • Phase II
    • Phase III
    • Phase IV
  • Laboratory Services
    • Bioanalytical Testing
    • Analytical Testing
  • Physical Characterization
  • Stability Testing
  • Batch Release Testing
  • Raw Material Testing
  • Other Analytical Testing
  • Consulting Services

By Therapeutic Area

  • Oncology
  • CNS Disorders
  • Infectious Diseases
  • Cardiovascular Diseases
  • Immunological Disorders
  • Respiratory Disorders
  • Diabetes
  • Other Therapeutic Areas

By End User

  • Pharmaceutical and Biopharmaceutical Companies
  • Medical Device Companies
  • Academic Institutes

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Rest of South America
  • Europe
    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Rest of Middle East & Africa

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Key Developments in the Market:

  • In August 2017, Chiltern had been acquired by the LabCorp, which is a leading global life sciences company. The acquisition would help LabCorp to become market leader in CRO by expanding mid-market biopharma segments and by improving their skills in medical devices
  • In July 2017, Mapi Group was acquired by the ICON, which is a provider of drug development solutions. The acquisition would help in strengthening ICON’s business as well as in addition of analytics, real world evidence generation, significant commercialization presence and strategic regulatory expertise

Competitive Analysis:

Global contract research organization (CROs) services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of contract research organization (CROs) services market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major market competitors currently working in the global contract research organization (CROs) services market are IQVIA., American Preclinical Services, LLC, Pharmaceutical Product Development, LLC, BTS Research, ICON Plc, Laboratory Corporation Of America Holdings, Covance, Inc., PAREXEL International Corporation,., WuXi AppTec, Syneos Health ,., Charles River, , Envigo, EPS International Co., Ltd, SGS SA, Eurofins Scientific, GenScript, CARBOGEN AMCIS, GVK Biosciences Private Limited, Pharmaron, and others

Research Methodology: Global Contract Research Organization (CROs) Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technical Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others.

Reasons to Purchase this Report

  • Current and future of global contract research organization (CROs) services market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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