Global Contract Research Organization (CRO) Market 2025: Recent Industry Developments and Growth Strategies Adopted by Players

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This report studies the global Contract Research Organization (CRO) market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Contract Research Organization (CRO) market by companies, region, type and end-use industry.

Contract research organization (CRO) provide clinical trial and other research support services for the pharmaceutical, biotechnology, medical device industries and also serve government institutions, foundations and universities.

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CROs provide drug development services, regulatory and scientific support, and infrastructure and staffing support to provide their clients with the flexibility to supplement their in-house capabilities or to provide a fully outsourced solution. The CRO industry has grown from providing limited clinical trial services in the 1970s to a full service industry characterized by broad relationships with clients and by service offerings that encompass the entire drug development process. Today, CROs provide a comprehensive range of clinical services, including protocol design and management and monitoring of Phase I through Phase IV clinical trials, data management, laboratory testing, medical and safety reviews and statistical analysis. In addition, CROs provide services that generate high quality and timely data in support of applications for regulatory approval of new drugs or reformulations of existing drugs as well as new and existing marketing claims. CROs leverage selected information technologies and procedures to efficiently capture, manage and analyze the large streams of data generated during a clinical trial.
There are major two classification of contract research organization (CRO) in this report, preclinical CRO and clinical trial CRO. Globally, the revenue share of each type of CRO is 19.95%and 80.05% in 2015.
At present, the world's large service suppliers are mainly concentrated in USA. The top three service suppliers are Quintiles, LabCorp (Covance), PPD, respectively with global revenue market share as 20.06%, 9.72% and 19.19% in 2015.

In 2017, the global Contract Research Organization (CRO) market size was 34500 million US$ and it is expected to reach 63300 million US$ by the end of 2025, with a CAGR of 7.9% during 2018-2025.

This report focuses on the global top players, covered
Quintiles
LabCorp (Covance)
PPD
Parexel
ICON
PRA
inVentiv
INC
CRL
Wuxi AppTec

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India

Market segment by Type, the product can be split into
Preclinical CRO
Clinical Trial CRO

Market segment by Application, split into
Pharmaceutical Industry
Biotechnology
Medical Device Industry

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The study objectives of this report are:
To study and forecast the market size of Contract Research Organization (CRO) in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Contract Research Organization (CRO) are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders
Contract Research Organization (CRO) Manufacturers
Contract Research Organization (CRO) Distributors/Traders/Wholesalers
Contract Research Organization (CRO) Subcomponent Manufacturers
Industry Association
Downstream Vendors

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