Contract Research Organization Market Outlook to 2025 - Business Opportunity and Application Analysis was valued at USD 35,818.9 Mn in 2017 and is estimated to reach US$ 68,198.3 MN by 2025
The contract research organization market was valued at USD 35,818.9 Mn in 2017 and is estimated to reach US$ 68,198.3 MN by 2025.
The global contract research organization 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 contract research organization market is segmented into pharmaceutical & biotechnology companies and medical devices companies.
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• To track and analyze competitive developments, such as product launches, agreements, partnerships, collaborations, and acquisitions in the global Contract Research Organization market.
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
The major players operating in the contract research organization 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.
North America is expected to be the dominant region in the global contract research organization 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 contract research organization 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.
Reason 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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A complete analysis of the competitive landscape of the Global Contract Research Organization Market is provided in the report. This section includes company profiles of market key players. The profiles include contact information, gross, capacity, product details of each firm, price, and cost.
TABLE OF CONTENTS
1. INTRODUCTION 23
1.1 SCOPE OF THE STUDY 23
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 23
2. GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET - KEY TAKEAWAYS 25
3. GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET - MARKET LANDSCAPE 28
3.1 OVERVIEW 28
3.2 MARKET SEGMENTATION 28
3.2.1 Global Contract Research organization (CRO) Market - By Type 29
3.2.2 Global Contract Research organization (CRO) Market - By End User 29
3.2.3 Global Contract Research organization (CRO) Market - By Geography 30
3.3 PEST ANALYSIS 31
3.3.1 North America - PEST Analysis 31
3.3.2 Europe - PEST Analysis 33
3.3.3 Asia Pacific - PEST Analysis 35
3.3.4 Middle East and Africa (MEA) - PEST Analysis 37
3.3.5 South and Central America - PEST Analysis 39
4. GLOBAL CRO'S MARKET - KEY MARKET DYNAMICS 41
4.1 KEY MARKET DRIVERS 41
4.1.1 Increasing R&D Expenditures and Outsourcing Activities 41
4.1.2 Rise in The Number of Clinical Trials 42
4.2 KEY MARKET CHALLENGES 43
4.2.1 Dearth Of Skilled Professionals 43
4.2.2 Extensive Competition in The CRO Services Market 43
4.3 KEY MARKET OPPORTUNITIES 44
4.3.1 Growing Biosimilars and Biologics Market 44
4.3.2 Increasing Demand for Specialized Testing Services 45
4.4 FUTURE TRENDS 45
4.4.1 Increasing Market Consolidation 45
4.5 IMPACT ANALYSIS 46
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