Contract Research Organization (CRO) Market will Boom Rapidly by 2027 with Key Players WuXi AppTec, Medpace, Pharmaceutical Product Development, PRA Health Sciences, IQVIA, PAREXEL International Corporation

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 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$49.6 billion 2012 to US$ 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 collects, combines and reports 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 includes primary end point tests, safety testing, as well as secondary end point testing. The main goal of central laboratory is the consolidation of test results and data originating from different clinical trials.

Top Companies Covered in this Report:
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

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The "Global Contract Research Organization (CRO) Market Analysis to 2027" is a specialized and in-depth study of the healthcare IT industry with a special focus on the global market trend analysis. The report aims to provide an overview of Contract Research Organization (CRO) market with detailed market segmentation by service type, age group, and geography. The global Contract Research Organization (CRO) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Contract Research Organization (CRO) market players and offers key trends and opportunities in the market.

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 analyzes factors affecting Contract Research Organization (CRO) market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Contract Research Organization (CRO) market in these regions.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Contract Research Organization (CRO) Market Size
2.2 Contract Research Organization (CRO) Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Contract Research Organization (CRO) Market Size by Manufacturers
3.2 Contract Research Organization (CRO) Key Players Head office and Area Served
3.3 Key Players Contract Research Organization (CRO) Product/Solution/Service
3.4 Date of Enter into Contract Research Organization (CRO) Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Contract Research Organization (CRO) Sales by Product
4.2 Global Contract Research Organization (CRO) Revenue by Product
4.3 Contract Research Organization (CRO) Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Contract Research Organization (CRO) Breakdown Data by End User

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This release was published on openPR.