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China Contract Research Organization (CRO) Market Growth Overview by Top Key Players - IQVIA Holdings, Inc., Laboratory Corporation of America Holdings, Syneos Health Inc

04-28-2020 10:41 PM CET | IT, New Media & Software

Press release from: Market Insights Reports

China Contract Research Organization (CRO) Market Growth

China CRO market value is anticipated to reach US$27.04 billion in 2024, growing at a CAGR of 27.06%, for the period spanning from 2020 to 2024. The factors such as increasing biologics sales, rising geriatric population, growing investment in healthcare sector, accelerating number of innovative drug IND filings, inclining drug research and development expenditures and unmet treatment needs are expected to drive the market. However, growth of the industry would be challenged by the U.S. and China trade tensions, growing competition and regulatory compliance. A few notable trends include increasing consolidation activities, adoption of AI technology and emergence of e-clinical technology.

Companies Mentioned

IQVIA Holdings, Inc., Laboratory Corporation of America Holdings, Syneos Health Inc, PRA Health Sciences, Medpace Holdings Inc and Wuxi AppTec Co Ltd.

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During previous years, CRO industry has grown from limited clinical trial services provider to a full-service industry characterized by broad relationships with clients and service offerings that encompass the entire drug development process. In addition, CROs provide services that generate high quality and timely data in support of applications for regulatory approval of new drugs or reformulations of existing drugs as well as marketing claims. They also leverage selected information technologies and procedures to efficiently capture, manage and analyze the large streams of data generated during a clinical trial. Clinical services are the most consumed CRO service owing to growth in large molecule drug development outsourcing activities by drug-maker. Increasing research grants from the government, growing availability of skilled medical researchers and rising outsourcing of point-of-care (POC) testing services are driving the industry.

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Scope of the report:

The report provides a comprehensive analysis of China CRO market, segmented on the basis of service type i.e. Clinical, Pre-clinical & Discovery and Drug Type i.e. Biologics & Chemical Drug.

The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.

The competitive landscape of the market, along with the company profiles of leading players i.e. IQVIA Holdings, Inc., Laboratory Corporation of America Holdings, Syneos Health Inc, PRA Health Sciences, Medpace Holdings Inc and Wuxi AppTec Co Ltd are also presented in detail.

Regional Markets:

North America, Europe, APAC and Rest of the World (Actual Period: 2013-2017, Forecast Period: 2018-2023)

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Table of Contents:

Research Methodology
Executive Summary
Strategic Recommendations
China Contract Research Organization (CRO) Market: Product Outlook
Global China Contract Research Organization (CRO) Market : Growth and Forecast
Global China Contract Research Organization (CRO) Market: Segment Analysis
Global China Contract Research Organization (CRO) Market: Regional Analysis
Global China Contract Research Organization (CRO) Market drivers
Global China Contract Research Organization (CRO) Market Challenges
Global China Contract Research Organization (CRO) Market Trends
SWOT Analysis
Company Profiles

Other Report Highlights:

Market Dynamics
Drivers and Restraints
Market Trends

SWOT Analysis

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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