New Study Focusing on Contract Research Organization Market Demand and Outlook to 2025 Competitive Analysis by Players IQVIA, PAREXEL International Corporation, Syneos Health
CROs Market to 2025 - Global Analysis and Forecasts by Type, and End User", the global CROs market was valued at US$ 35,818.9 Mn in 2017 and is estimated to reach US$ 68,198.3 Mn by 2025North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas Asia Pacific is expected to witness highest growth owing to factors such as, increasing focus of industry players to expand in India & Japan and improving regulatory policies that are favorable for conducting clinical trials along with a large pool of patient participants.
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Product approvals and acquisitions were observed as the most adopted strategy in global contract research organization industry.
Few of the key players operating in the field of CROs worldwide 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 report segments the global CROs market as follows:
Global CROs Market - By Type
o Early Phase Services
o Clinical Research Services
o Laboratory Services
o Post-Approval Services
Global CROs Market - By End User
o Pharmaceutical & Biotechnology Companies
o Medical Devices Companies
Key Benefits of Buying this Study:
- 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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