Contract Research Organization (CRO) Market Eminent Players - Charles River Laboratories International, Inc., Clinipace, CMIC Holdings Co., Ltd., EPS International Co., Ltd., ICON plc, IQVIA, Medpace, Inc., Syneos Health, Synteract
Some major findings of the contract research organization market report include:
o Increased emphasis amongst emerging countries government on public healthcare modification will propel the market growth
o Enhanced market entry and bigger purchasing power are factors raising the prospect for advanced medicines
Request sample copy of this report @ https://www.decresearch.com/request-sample/detail/3012?utm_source=openpr&utm_medium=vsm
o Pharmaceutical firms are increasingly outsourcing research activities to academic institutes and private contract research organizations to remain competitive and flexible in advancing technologies
o North America contract research organization market dominated the overall market and is estimated to witness similar trends in the foreseeable future. High growth can be attributed to strong footprint of major pharma and biopharma companies coupled with high R&D investments in the region
o Early phase development services segment has the highest ability to capture during forthcoming years
Make Inquiry about this report @ https://www.decresearch.com/inquiry-before-buying/3012?utm_source=openpr&utm_medium=vsm
Growing focus of pharmaceutical companies on innovative drug development for various chronic disease treatment is anticipated to boost market growth over the forecast period. The pharmaceutical business is witnessing strong growth due to drug delivery advancements leading to new product launch. Rising investment in life sciences and clinical research will ensure contract research organization market growth. Moreover, growing demand for global clinical trials and requirement for quality auditing will further augment contract research organization business growth.
Moreover, increasing investment in R&D activities will boost industry growth in the coming years. For instance, the federal government and federally funded R&D centers (FFRDCs) in the U.S. are a major source of R&D funding. Furthermore, advancements in information technology have led to tremendous development in clinical trials that will accelerate contract research organization industry growth globally.
Discovery services segment was valued for more than USD 2.1 billion in 2018 and is anticipated to witness significant growth over the forecast period. Discovery and search are critical and essential fragments of research procedures. Many studies depict, that researchers dedicate a significant amount of effort and time. This is to use an extensive range of services to discover even the broader range of data resources that they require to track their research. Furthermore, increasing need for effective medications to chronic diseases should boost the demand for discovery services segment. Discovery services gradually allow researchers to locate and discover, however, also to obtain admittance to the resources they require by authentication and linking. The trend of content collection may continue amongst discovery services and resources thereby should drive business growth.
The infectious disease segment is expected to witness more than 6.5% growth throughout the analysis timeframe. Increasing prevalence of infectious diseases such as T.B, influenza, and meningitis will drive segmental growth in the coming years. Moreover, growing investment in R&D in the field of infectious diseases is a contributing factor for segment growth. The industry is leveraging bioinformatics and novel analytical technologies to better understand the response to viral and bacteriological infections. For instance, Hepatitis C virus (HCV) infections, are frequently described as a breakthrough area in drug development. Several unique advances in HCV's clinical research have benefited the course of HIV drug development, thereby stimulating the industry growth.
Medical device companies' segment was valued over USD 10.5 billion in 2018 and is anticipated to witness lucrative growth over the analysis timeframe. The segmental growth is majorly due to the growing demand for special contract research organization services that provide unique needs of medical device companies. Clinical trials play an essential role during the development of medical devices, thereby driving the industry growth.
U.S. contract research organization market accounted for more than 7.0% revenue share in 2018. Significant revenue share can be attributed to the increasing focus of pharma companies on innovative drug development for treatment of various chronic diseases. Also, increasing geriatric population is a contributing factor in industry growth. As per the U. S Census Bureau report, the geriatric population of the U.S. aged 65 and above was around 47.8 million in 2015 and is anticipated to reach 98.2 million by 2060. Such rapidly growing geriatric population suffering from various chronic disorders will surge the demand for medicines/drug therapies. This will ultimately boost new drug development and clinical trial activities, thereby fostering CRO market growth in the country.
Some of the notable industry players operating in the contract research organization market are Charles River Laboratories International (CRL), Parexel International, Laboratory Corporation of America Holdings (Covance), Syneos Health, CMIC, EPS International, Clinipace, Clinitec, ICON, IQVIA (Quintiles IMS), Pharmaceutical Product Development (PDD), Medpace, Synteract, Worldwide Clinical Trials, PRA Health Sciences, and Wuxi AppTec. The companies have undertaken inorganic strategies such as collaborations, partnerships to expand its geographical reach as well as strengthen market position. In August 2018, Syneos Health announced its acquisition of Kinapse, an operational and advisory solutions provider. The strategic acquisition will help in increasing Syneos Health's ability to provide customers with end-to-end solutions, thereby broadening its services portfolio as well as business revenue.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Contract Research Organization (CRO) Market Eminent Players - Charles River Laboratories International, Inc., Clinipace, CMIC Holdings Co., Ltd., EPS International Co., Ltd., ICON plc, IQVIA, Medpace, Inc., Syneos Health, Synteract here
News-ID: 2008187 • Views: 188
More Releases from Global Market Insights, Inc.
Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across
More Releases for Contract
IVU awarded contract from Regiobahn
Standardised planning of vehicles and personnel in the cloud – to make its processes more efficient, Regiobahn will soon be relying on the integrated IVU.rail standard solution from Berlin-based IT specialist IVU Traffic Technologies. Thanks to the special IVU.express implementation process, the system is set to be up and running in December already. Since 1999, Regiobahn has been reliably connecting people from the regions of Mettmann, Erkrath, Düsseldorf, Kaarst, Neuss and
Contract Staffing Company India | Contract Staffing Services Mumbai & Banglore - …
Characterised with stringent legislation, fluctuating demand, a paucity of employable talent and market unpredictability, the modern business landscape offers a convincing rationale to employ a contract workforce in the business. You may not want to compromise on profits when you can adopt a 'just-in-time' strategy to bring the best workforce on-board using a contract staffing approach. With our cutting-edge contract staffing services, you can have all in one shot: An
Contract Research Organization Services Market
The global CRO services market is anticipated to exhibit remarkable growth owing to the rising globalization and increasing technological advancements. Fortune Business Insights, in a report, titled, "CRO Services Market Size, Share and Industry Analysis By Service Type (Discovery, Pre-Clinical, Clinical, Laboratory Services), By Application (Oncology, Cardiology, Infectious Disease, Metabolic Disorders, Others), By End User (Pharmaceutical & Biotechnological Companies, Medical Device Companies, Academic & Research Institutes, Others), and Regional Forecast
Determining Your Unknown Contract Partner
In business you might not always meet with your contract partner face to face – only with an agent. Believe me, “Who’s who?“ will not help here. The LG Kaiserslautern had to decide a case on November 2, 2005 (re 1 S 56/05) where one person engaged in a business without knowing her partner. She was dealing exclusively with an agent. The agent, however, was not at all interested in paying
Pharmaceutical Contract Manufacturing & Contract Market Excellent Growth by 2025
The qualitative research study conducted by HTF MI titled “Global Pharmaceutical Contract Manufacturing & Contract Market Size, Status and Forecast 2025” provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Pharmaceutical Contract Manufacturing & Contract market. The study provides forecasts for Pharmaceutical Contract Manufacturing & Contract investments till 2022. If you are involved
LIT Secures KraftSync Infomedia’s contract
New Delhi, India, 13 February 13, 2008 LeXolution IT Services (‘LIT’), one of the top-notch web solutions providers in India, has got the contract to design and develop a real estate portal for KraftSync Infomedia Pvt. Ltd. Targeting the Indian website, OneKey.in, will facilitate property owners, agent, developers and builders to list their properties for selling or renting, which can be searched by users looking for a property. Besides, it will