Contract Research Organization (CROs) Services Market by Type (Early phase, Clinical, Lab, Consulting), Therapeutic Area (Oncology, Infectious Disease, Neurology, Immunology, Hematology, Vaccines), End User - Global Forecast to 2027
Description
Contract Research Organization (CROs) Services Market by Type (Early phase, Clinical, Lab, Consulting), Therapeutic Area (Oncology, Infectious Disease, Neurology, Immunology, Hematology, Vaccines), End User - Global Forecast to 2027
The global CRO services market is estimated to grow at a CAGR of 11.0% during the forecast period. Growth in the CRO services market can mainly be attributed to factors such as the increasing investment in pharmaceutical R&D, rising number of clinical trials, high cost of in-house drug development (encouraging pharma-biotech companies to opt for outsourcing), and the rising prevalence of orphan and rare diseases (creating new revenue pockets for CROs).
“The data management services segment accounted for the highest growth rate in the CRO services market, by type, during the forecast period”
In 2021, the data management services segment accounted for the highest growth rate. The data management services segment is projected to grow at the highest CAGR owing to the need for the generation of high-quality and statistically sound data and its management and the rising importance of data handling in order to meet regulatory requirements. Data management is critical for smooth and uninterrupted flow and easy access of data during the development of drugs and medical devices.
“Asia Pacific: The fastest-growing region in the CRO services market”
The Asia Pacific market is estimated to record the highest CAGR during the forecast period. This is attributed to the rapid growth in the pharmaceutical and biopharmaceutical industries, low cost of clinical trials, implementation of favorable government policies, and the rising number of CROs in the region.
The primary interviews conducted for this report can be categorized as follows:
By Respondent:
Supply Side- 70% and Demand Side 30%
By Designation:
C-level - 45%, D-level - 30%, and Others - 25%
By Region:
North America -40%, Europe -25%, Asia-Pacific -20%, Latin America -10%, Middle East & Africa- 5%
List of Companies Profiled in the Report:
IQVIA Inc. (US)
Laboratory Corporation of America Holdings (US)
Charles River Laboratories International Inc. (US)
WuXi AppTec Co. Ltd. (China)
Syneos Health Inc. (US)
PPD, Inc. ( a part of Thermo Fisher Scientific, Inc.)
Parexel International Corporation (US)
ICON plc (Ireland)
Medpace Holdings Inc. (US)
SGS SA (Switzerland)
BioAgile Therapeutics Pvt. Ltd. (India)
Firma Clinical Research, LLC (US)
AccuLab Life Sciences (US)
Novotech Health Holdings (Australia)
Geneticist Inc. (US)
Linical Americas (US)
Celerion (US)
Azelix LLC (US)
Pepgra Healthcare Pvt. Ltd. (UK)
Dove Quality Solutions Limited (UK)
Frontage Holdings Corporation (US)
PSI CRO AG (Switzerland)
Pharmaron Beijing Co., Ltd. (China)
Clinipace Inc. (US)
Axcent Advanced Analytics (US)
Clinical Trial Service BV (Netherlands)
Research Coverage:
This report provides a detailed picture of the global Contract Research Organization (CROs) Services Market. It aims at estimating the size and future growth potential of the market across different segments such as the product, application, end user and region. The report also includes an in-depth competitive analysis of the key market players along with their company profiles recent developments and key market strategies.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall Contract Research Organization (CROs) Services Market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, challenges, trends, and opportunities.
The global CRO services market is estimated to grow at a CAGR of 11.0% during the forecast period. Growth in the CRO services market can mainly be attributed to factors such as the increasing investment in pharmaceutical R&D, rising number of clinical trials, high cost of in-house drug development (encouraging pharma-biotech companies to opt for outsourcing), and the rising prevalence of orphan and rare diseases (creating new revenue pockets for CROs).
“The data management services segment accounted for the highest growth rate in the CRO services market, by type, during the forecast period”
In 2021, the data management services segment accounted for the highest growth rate. The data management services segment is projected to grow at the highest CAGR owing to the need for the generation of high-quality and statistically sound data and its management and the rising importance of data handling in order to meet regulatory requirements. Data management is critical for smooth and uninterrupted flow and easy access of data during the development of drugs and medical devices.
“Asia Pacific: The fastest-growing region in the CRO services market”
The Asia Pacific market is estimated to record the highest CAGR during the forecast period. This is attributed to the rapid growth in the pharmaceutical and biopharmaceutical industries, low cost of clinical trials, implementation of favorable government policies, and the rising number of CROs in the region.
The primary interviews conducted for this report can be categorized as follows:
By Respondent:
Supply Side- 70% and Demand Side 30%
By Designation:
C-level - 45%, D-level - 30%, and Others - 25%
By Region:
North America -40%, Europe -25%, Asia-Pacific -20%, Latin America -10%, Middle East & Africa- 5%
List of Companies Profiled in the Report:
IQVIA Inc. (US)
Laboratory Corporation of America Holdings (US)
Charles River Laboratories International Inc. (US)
WuXi AppTec Co. Ltd. (China)
Syneos Health Inc. (US)
PPD, Inc. ( a part of Thermo Fisher Scientific, Inc.)
Parexel International Corporation (US)
ICON plc (Ireland)
Medpace Holdings Inc. (US)
SGS SA (Switzerland)
BioAgile Therapeutics Pvt. Ltd. (India)
Firma Clinical Research, LLC (US)
AccuLab Life Sciences (US)
Novotech Health Holdings (Australia)
Geneticist Inc. (US)
Linical Americas (US)
Celerion (US)
Azelix LLC (US)
Pepgra Healthcare Pvt. Ltd. (UK)
Dove Quality Solutions Limited (UK)
Frontage Holdings Corporation (US)
PSI CRO AG (Switzerland)
Pharmaron Beijing Co., Ltd. (China)
Clinipace Inc. (US)
Axcent Advanced Analytics (US)
Clinical Trial Service BV (Netherlands)
Research Coverage:
This report provides a detailed picture of the global Contract Research Organization (CROs) Services Market. It aims at estimating the size and future growth potential of the market across different segments such as the product, application, end user and region. The report also includes an in-depth competitive analysis of the key market players along with their company profiles recent developments and key market strategies.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall Contract Research Organization (CROs) Services Market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, challenges, trends, and opportunities.
Table of Contents
408 Pages
- OBJECTIVES OF THE STUDY
- MARKET DEFINITION
- MARKET SCOPE
- CURRENCY
- LIMITATIONS
- STAKEHOLDERS
- SUMMARY OF CHANGES
- RESEARCH DATA
- MARKET SIZE ESTIMATION
- GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
- MARKET BREAKDOWN AND DATA TRIANGULATION
- INSIGHTS FROM PRIMARIES
- RESEARCH ASSUMPTIONS
- RISK ANALYSIS
- EXECUTIVE SUMMARY
- CRO SERVICES MARKET OVERVIEW
- NORTH AMERICA: CRO SERVICES MARKET SHARE, BY SERVICE & COUNTRY (2021)
- CRO SERVICES MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
- CRO SERVICES MARKET SHARE, BY END USER, 2021
- CRO SERVICES MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
- INTRODUCTION
- MARKET DYNAMICS
- RANGES/SCENARIOS
- IMPACT OF COVID-19 OUTBREAK ON THE CRO SERVICES MARKET
- TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
- PRICING ANALYSIS
- VALUE CHAIN ANALYSIS
- ECOSYSTEM ANALYSIS
- TECHNOLOGY ANALYSIS
- CASE STUDIES
- KEY CONFERENCES & EVENTS IN 2022-2023
- REGULATORY ANALYSIS
- PORTER'S FIVE FORCES ANALYSIS
- KEY STAKEHOLDERS AND BUYING CRITERIA
- INTRODUCTION
- CLINICAL RESEARCH SERVICES
- EARLY-PHASE DEVELOPMENT SERVICES
- LABORATORY SERVICES
- CONSULTING SERVICES
- DATA MANAGEMENT SERVICES
- INTRODUCTION
- ONCOLOGY
- INFECTIOUS DISEASES
- CARDIOVASCULAR SYSTEM DISORDERS
- NEUROLOGY
- VACCINES
- METABOLIC DISORDERS/ENDOCRINOLOGY
- IMMUNOLOGICAL DISORDERS
- PSYCHIATRY
- RESPIRATORY DISORDERS
- DERMATOLOGY
- OPHTHALMOLOGY
- GASTROINTESTINAL DISEASES
- GENITOURINARY & WOMEN'S HEALTH
- HEMATOLOGY
- OTHER THERAPEUTIC AREAS
- CUSTOMIZATION
- INTRODUCTION
- PHARMACEUTICAL & BIOPHARMACEUTICAL COMPANIES
- MEDICAL DEVICE COMPANIES
- ACADEMIC INSTITUTES
- INTRODUCTION
- NORTH AMERICA
- EUROPE
- ASIA PACIFIC
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- INTRODUCTION
- RIGHT-TO-WIN APPROACHES ADOPTED BY KEY PLAYERS
- REVENUE SHARE ANALYSIS OF TOP MARKET PLAYERS
- MARKET SHARE ANALYSIS
- COMPANY EVALUATION QUADRANT
- COMPETITIVE BENCHMARKING OF THE TOP 26 PLAYERS
- COMPANY EVALUATION QUADRANT: STARTUPS/SMES
- COMPETITIVE BENCHMARKING OF STARTUP/SME PLAYERS
- COMPETITIVE SCENARIO AND TRENDS
- KEY COMPANIES
- OTHER PLAYERS
- DISCUSSION GUIDE
- KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- AVAILABLE CUSTOMIZATIONS
- RELATED REPORTS
- AUTHOR DETAILS
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