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Contract Research Organizations - Industry Market Research Report

Contract Research Organizations

The Contract Research Organizations industry experienced a period of aggressive growth over the past five years to 2018, benefiting from rapidly increasing research and development (R&D) expenditures. Many pharmaceutical companies have also lost revenue due to increasing patent expirations, spurring manufacturers to outsource aspects of the drug manufacturing process to CROs to reduce costs. As a result, CROs are experiencing significant growth. Over the next five years to 2023, the industry is expected to continue to benefit from increased R&D spending and high demand from drug and medical device manufacturers. The rise of biopharmaceuticals, in addition to the development of genomics and drugs tailored to the unique genetic profiles of individual or specific diseases, will require a significant amount of clinical trials to ensure product safety and effectiveness.

This industry includes companies that provide research services on a contract basis to the pharmaceutical and biotechnology industries. Contract research organizations (CRO) provide biopharmaceutical development, preclinical research, clinical research and clinical trial management. Many CROs specifically provide clinical study and clinical trial support for drugs or medical devices.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2018)
    • Table Industry Structure
  • Industry Performance
    • Table Research and development expenditure
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table KEY BUYING INDUSTRIES
    • Table KEY SELLING INDUSTRIES
    • Table Products and services segmentation (2018)
    • Table Major market segmentation (2018)
    • Table Business Locations 2018
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
    • Table Major players
    • Table IQVIA (US industry-relevant revenue) - financial performance
    • Table Laboratory Corporation of America Holdings (US industry-relevant revenue) - financial performance
  • Operating Conditions
    • Table Capital intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

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