Contract Research Organization Market 2025 Global and Regional Forecast by Top Key Vendor Analysis - Syneos Health, Laboratory Corporation of America Holdings, PRA Health Sciences, Inc., Charles River, ICON plc, Pharmaceutical Product Development, LLC

New Intelligence Report on “Contract Research Organization Market to 2025” is recently published by The Insight Partners. The report aims to provide leading industry players with information such as company profiles, products and services offered, financial information of last 3 yesars, key development in past five years

The CROs market is aimed to describe, define and estimate the forecast for market size of the CROs till 2025. The report strategically analyzes macro and micro-markets to entail the major factors impacting the growth of the global CROs market. The market report for CROs is appropriate to cater the needs and demands of various stakeholders that include pharmaceutical, biotechnology and medical companies in the form of research services.

The global CROs market estimated to grow at a CAGR of 8.6% during the forecast period from 2018 to 2025. The market for CROs was valued at USD 35,818.9 Mn in 2017 and is estimated to reach US$ 68,198.3 Mn by 2025.

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The global CROs market is segmented on the basis of type, end user and geography. On the basis of type, the market is segmented into early phase services, clinical research services, laboratory services, and post-approval services. On the basis of end user, the CROs market is segmented into pharmaceutical & biotechnology companies and medical devices companies.

North America is expected to be the dominant region in the global CROs market. This dominance is primarily driven by the increasing number of clinical trials, and rapid growth of biosmilars and biologics market, are going to propel the growth of CROs market. The large adoption in the trend of CROs has been witnessed not only by the pharmaceutical companies, but also by government organizations. For instance, in January 2015, the U.S. government allotted a fund of US$ 215 million as an initiative in precision medicine. On the other hand, Asia Pacific is expected to witness significant growth in the market owing to factors such as lower cost of clinical trials, and increasing number of pharmaceutical and biotech companies in the region.

The major players operating in the CROs market include IQVIA, PAREXEL International Corporation, Syneos Health, Laboratory Corporation of America Holdings, PRA Health Sciences, Inc., Charles River, ICON plc, Pharmaceutical Product Development, LLC., WuXi AppTec, Medpace among others. The global CROs market is highly competitive and driven by large number of novel product launches and approvals. For instance, in June 2018 IQVIA launched IQVIA ePromo, a new cloud-based content management technology solution. IQVIA Content Management platform offerings include solutions across clinical, regulatory and commercial, transforming the vision of "molecule to market" into a reality.

Reasons to Buy

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the CROs market.

- Highlights key business priorities in order to assist companies to realign their business strategies

- The key findings and recommendations highlight crucial progressive industry trends in the global CROs market, thereby allowing players across the value chain to develop effective long-term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

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This release was published on openPR.