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Contract Research Organization Services (CROs) Market Regional Analysis, Opportunities and Challenges, Growth and Key Players | IQVIA, LabCorp, PAREXEL, PRA Health Sciences, PPD, ICON PLC | 2019-2025 Forecast Period
Contract Research Organization Services (CROs) Market
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The global Contract Research Organization Services (CROs) market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of 7.4% between 2017 and 2023.
The global CRO services market, by end user, is segmented into pharmaceutical and biopharmaceutical companies, medical device companies, and academic institutes. In 2017, the pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the contract research organization services market. The large share of this segment can be attributed to the increased outsourcing of early phase development services and clinical and laboratory testing services by pharmaceutical companies to boost profit margins, avoid high capital expenditure, and reduce the time duration to validate the process and product.
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Top Key Players analyzed in Global Contract Research Organization Services (CROs) Market are IQVIA, LabCorp, PAREXEL, PRA Health Sciences, PPD, ICON PLC, Syneos Health, WuXi Pharmatech, Charles River, MeDPAce Holdings, SGS, Envigo, MPI Research
Scope Of The Report: The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Contract Research Organization Services (CROs).
Market Segment By Type -
• Oncology
• CNS Disorders
• Infectious Diseases
• Cardiovascular Diseases
• Immunological Disorders
• Respiratory Disorders
• Diabetes
• Other Therapeutic Areas
Market Segment By Application –
• Pharmaceutical and Biopharmaceutical Companies
• Medical Device Companies
• Academic Institutes
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Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
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