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Contract Research Organization (CRO) Market Global Report 2018: Syneos Health, Laboratory Corporation of America Holdings, PRA Health Sciences, Charles River, WuXi AppTec, Medpace, IQVIA, PAREXEL, ICON

11-30-2018 06:35 AM CET | Associations & Organizations

Press release from: Premium Market Insights

Contract Research Organization (CRO) Market Global Report 2018 - Premium Market Insights

Contract Research Organization (CRO) Market Global Report 2018 - Premium Market Insights

The CROs market is estimated to account for US$ 68,198.3 6 Mn by the end of 2025, escalating at a CAGR of 8.6% during the forecast period from 2018 to 2025, rising from US$ 35,818.9 Mn in 2017. The rise in the number of R&D expenditures and outsourcing activities and an increasing number of clinical trials are expected to fuel the growth of global CROs market. According to a report of Pharmaceutical Research and Manufacturers of America (PhRMA), the R&D expenditure of the biopharmaceutical companies has increased from US$49.6 billion in 2012 to US$ 58.8 billion in 2015.

In the CROs market, the laboratory services segment is expected to the fastest growing segment in the forecast period, by type. The laboratory services rigorously collect, combines and report trials data from different clinical sites. These laboratories are associated in conducting both analytical and bio-analytical tests for the samples in clinical trial phases and bulk manufacturing procedures. The analytical tests for clinical trial samples include primary endpoint tests, safety testing, as well as secondary endpoint testing. The main goal of the central laboratory is the consolidation of test results and data originating from different clinical trials.

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The CROs market was estimated through extensive primary and secondary sources that included a vast array of government authorized websites such as World Health Organization (WHO), Centers for Disease Control & Prevention (CDC), Food & Drug Administration (FDA), United Nations (UN), International Diabetes Federation (IDF), National Institute of Health (NIH) and others. The primary respondents included chair-holders and representatives of the demand and supply side for healthcare industries as well as medical professionals at various biopharmaceutical companies and research centers.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

Contract Research Organization (CRO) Market Top Key Vendors:

1. IQVIA
2. PAREXEL International Corporation
3. Syneos Health
4. Laboratory Corporation of America Holdings
5. PRA Health Sciences, Inc.
6. Charles River
7. ICON plc
8. Pharmaceutical Product Development, LLC.
9. WuXi AppTec
10. Medpace

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Contract Research Organization (CRO) market based on components, deployment type, applications, and end user. It also provides market size and forecast till 2025 for overall Contract Research Organization (CRO) market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.

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Reasons to Purchase

-Outperform competitors using accurate up to date demand-side dynamics information.
-Identify growth segments for investment.
-Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
-Create regional and country strategies on the basis of local data and analysis.
-Stay abreast of the latest customer and market research findings
-Benchmark performance against key competitors.
-Develop strategies based on likely future developments.
-Utilize the relationships between key data sets for superior strategizing.
-Suitable for supporting your internal and external presentations with reliable high quality data and analysis
-Gain a global perspective on the development of the market.
-Report will be updated with the latest data and delivered to you within 3-5 working days of order.

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