Contract Research Organization Market growing at a CAGR of 8.2% between 2017 and 2023: Top Key Players are Quintiles, Covance, PPD, PAREXEL, ICON plc, PRA Health Sciences, inVentiv Health Commercial, inVentiv Health and WuXi AppTecResearch Organization (CRO) Market report highlights key market dynamics of sector. Various definitions and classification of the industry, applications of the industry and chain structure are given. The statistics are represented in graphical format for a clear understanding on facts and figures. Analysis and discussion of important industry trends, market size, market share estimates are mentioned in the report.
The data and the information regarding the contract research organization (CRO) industry are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts.
The global Contract Research Organization (CRO) market is valued at 34500 million USD in 2017 and is expected to reach 55300 million USD by the end of 2023, growing at a CAGR of 8.2% between 2017 and 2023.
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.
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.
Market Segment by Companies, This Report Covers:
· LabCorp (Covance)
· Wuxi AppTec
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This report studies the Contract Research Organization (CRO) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Contract Research Organization (CRO) market by product type and applications/end industries.
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.
Market Segment by Type, covers:
· Preclinical CRO
· Clinical Trial CRO
Market Segment by Applications, can be divided into
· Pharmaceutical Industry
· Medical Device Industry
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.
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Major Table of Contents:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 By Product Label
6 By Vendor Type
7 By Component
8 By Vehicle Type
9 By Geography
10 Key Developments
11 Company Profiling
What Our Report Offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
• All segmentation provided above in this report is represented at country level and can be customized according to needs.
• 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).
Reasons to Purchase this Report
· Current and future of global oncology nutrition 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
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Partnership factors in sponsor – CRO relationships
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