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2020 Contract Research Organizations Industry Global Analysis By Top Players IQVIA, Laboratory Corporation of America Holdings, ICON Plc.

02-14-2020 12:50 PM CET | Health & Medicine

Press release from: The Business Research Company

2020 Contract Research Organizations Industry Global Analysis

TheBusinessResearchCompany.com offers "Contract Research Organizations Market By Service Type (Drug Discovery, Preclinical Studies, Phase 1 And Others), By Therapeutic (Oncology, Infectious Diseases, Cardiovascular Diseases, Metabolic Disease And Others) And By Regions - Global Forecast To 2021" from its research store.

The Contract Research Organizations (CROs) offer end-to-end solutions in conducting clinical trials for pharmaceutical, biotechnology and medical device companies, collectively referred to as sponsors. The core services offered by CROs to biopharmaceutical companies include initial drug discovery solutions, toxicology studies, bio-analytical services, central laboratory, site monitoring, data management services, vigilance, bio-statistics, study and development program design and consulting, regulatory affairs and a variety of post-marketing surveillance services.

Growth in the contract research organizations market in the historic period resulted from the rising cost of drug development, increasing patent expirations of drugs and growing biologics market. Factors that negatively affected growth in the historic period were clinical trial failures and stringent and differing government regulations.

Browse Complete Report @ https://www.thebusinessresearchcompany.com/report/contract-research-organizations-market

Pharmaceutical companies are facing strong competition from generic and biosimilar drug manufacturers, but they are focused on cost containment and shortening development timelines without compromising quality, thus the patent expiration of drugs is driving the CRO market.

Majority of the clinical trials and other research processes are outsourced to various countries simultaneously. These destination countries have different guidelines and regulatory processes related to drugs, filing and clinical trials, this can cause issues and act as a restraint on the market. The conduction of multi-location trials of a single drug in different procedures in different countries poses a challenge to pharmaceutical companies as they have to follow a completely different procedure in each country.

Contract Research Organizations Market Segmentation: -

By Service Type-
The contract research organizations market is segmented by service type into
1. Preclinical Studies
2. Phase I
3. Phase II
4. Phase III
5. Phase IV
6. Drug Discovery
7. Others
Phase II had the highest growth rate of nearly 12.19% during the historic period.

By Therapeutic Area -
The contract research organizations market is segmented by therapeutic area into
1. Oncology
2. CNS Disorder
3. Cardiovascular Disease
4. Metabolic Disease
5. Infectious Disease
6. Other Therapeutic Area

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By Geography - The contract research organizations market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

North America is the largest market for contract research organizations, accounting for almost 42% of the global market. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, Asia-Pacific and Eastern Europe will be the fastest growing regions in this market.

Some of the major key players involved in the contract research organizations market are IQVIA, Laboratory Corporation of America Holdings, ICON Plc, PAREXEL, PPD, Pharmaceutical Product Development, Syneos Health, Charles River Laboratory, Wuxi Pharmatech, Medspace Holdings, Envigo, PSI CRO AG.

Place a DIRECT PURCHASE ORDER of Entire 250 pages report (Individual License at USD 4000.00 ) @ https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=791

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The Business Research Company
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Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
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About Us:
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

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