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Healthcare CRO Services Market to Reach a Valuation of $66,036.6 million By 2027 | Top Key Players:

06-08-2020 11:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsWeb

Healthcare CRO Services Market

Healthcare CRO Services Market

The global healthcare contract research organization (CRO) services market was valued at $38,996.9 million in 2018 and is expected to reach $66,036.6 million by 2026, registering a CAGR of 6.9% from 2019 to 2026. Contract research organizations (CROs) are outsourcing companies or groups that conduct specific and focused R&D clinical trials for the pharmaceutical or biotech industry. They possess well-experienced professionals that offer preclinical, clinical, and regulatory activities for drug and medical devices development, and their commercialization. These organizations can range from international full-service groups to small or niche service providing groups. In addition, CROs provide the experience of moving a novel drug, molecule, or a drug from its nascent phase to marketing approval, without any involvement of a sponsor for these services.

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LIST OF KEY PLAYERS PROFILED IN THE REPORT :

IQVIA, PRA Health Sciences, ICON, Syneos Health, Evotec, Charles River, Medpace, Labcorp, Biotelemetry, Syngene

Surge in R&D for the development of novel drugs and medical devices and rise in healthcare expenditure are the major factorsthat drive the market growth. Moreover, CROs help in saving time and extra cost of manufacturers as it reduces the time to conduct a trial compared to the time taken for doing the same trials in-house, whichleadsto significant cost savings. However, penetrating competition in the market and dearth of skilled professionals are the major factors anticipated to hamper the market growth. Moreover, rise in the biotech and pharmaceutical sector in developing economies is expected to create lucrative opportunities for the market.

KEY MARKET SEGMENTS
By Service Type
- Early Phase Development
- Clinical Research Services
- Laboratory Services
- Consulting Services
By Therapeutic Area
- Oncology
- CNS Disorder
- Cardiovascular Disease
- Metabolic Disease
- Infectious Disease
- Diabetes
- Others
By End-User
- Pharmaceutical Companies
- Medical Device Companies
- Academic Institutes

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The market is segmented on the basis of service type, therapeutic area, end-users, and region. By service type, it is categorized into early phase development, clinical development services, laboratory services, and consulting services. By therapeutic area, it is segmented into oncology, CNS disorder, cardiovascular disease, metabolic disease, infectious disease, diabetes, and others. By end-users it is segmented into pharmaceutical & biopharmaceutical companies, medical device companies, and academic institutes. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Points from TOC:

1 Healthcare CRO Services Market Market Overview

2 Company Profiles

3 Market Competition, by Players

3.1 Global Healthcare CRO Services Market Revenue and Share by Players

3.2 Market Concentration Rate

3.2.1 Top 5 Healthcare CRO Services Market Players Market Share

3.2.2 Top 10 Healthcare CRO Services Market Players Market Share

3.3 Market Competition Trend

4 Market Size by Regions

10 Market Size Segment by Type

10.1 Global Healthcare CRO Services Market Revenue and Market Share by Type

10.2 Global Healthcare CRO Services Market Market Forecast by Type

10.3 On-Premise Revenue Growth Rate

10.4 Cloud-Based Revenue Growth Rate

11 Global Healthcare CRO Services Market Market Segment by Application

11.1 Global Healthcare CRO Services Market Revenue Market Share by Application

11.2 Healthcare CRO Services Market Market Forecast by Application

11.3 Small and Medium Enterprises Revenue Growth

11.4 Large Enterprises Revenue Growth

13 Research Findings and Conclusion

14 Appendix

14.1 Methodology

14.2 Data Source

14.3 Disclaimer

14.4 About US

To Continue.....

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Contact Info:
Name: Sameer Joshi
Email: sales@reportsweb.com
Company Name: ReportsWeb
Website: Reportsweb.com
Phone: +1-646-491-9876

About ReportsWeb:
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