Global Contract Research Organization (CROs) Services Market is expected to reach USD 59.24 billion by 2026 | Types - Early Phase Development Services, Pharmacokinetics /Pharmacodynamics and Toxicology Testing

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Global contract research organization (CROs) services market is expected to reach USD 59.24 billion by 2026 in the forecast period of 2019-2026. This rise in the market can be attributed to the increase in the expenditure of research and development, rise in the number of clinical trials and increase demand for outsourcing analytical testing and clinical trial services

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Leading Key players:

Few of the major market competitors currently working in the global contract research organization (CROs) services market are IQVIA., American Preclinical Services, LLC, Pharmaceutical Product Development, LLC, BTS Research, ICON Plc, Laboratory Corporation Of America Holdings, Covance, Inc., PAREXEL International Corporation,., WuXi AppTec, Syneos Health ,., Charles River, , Envigo, EPS International Co., Ltd, SGS SA, Eurofins Scientific, GenScript, CARBOGEN AMCIS, GVK Biosciences Private Limited, Pharmaron, and others

This market study also evaluates the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.The industry analysis report helps business in knowing its market share over various time periods, transportation, storage, and supply requirements of its products. The market study aids in making sales forecasts for its products and thereby, establishing harmonious adjustment between demand and supply of its products

Market Definition: Global Contract Research Organization (CROs) Services Market
Contract research organization supports services and clinical trials for the pharmaceuticals, medical device industry, bio technology, government universities and institutions. CROs play a significant role in drug development. CROs provide various services such as project management, database design & build, data entry & validation, clinical trial data management, quality and metric reporting, medicine and disease coding, validation programming, statistical analysis plans and reports, safety and efficacy summaries and many more.

Market Drivers

Increase in research and development activities may boost the market growth
Increased demand for outsourcing analytical testing and clinical trial services would enhance the growth
Rise in the number of clinical trials can enhance the market growth
Rise in the regulatory pressure on contract research organization would act as catalyst for the market growth
Market Restraints

Lack of skilled scientists may hamper the market growth
Aligning of personnel expertise for specific projects is difficult which may restrict the market growth
By Therapeutic Area

Oncology
CNS Disorders
Infectious Diseases
Cardiovascular Diseases
Immunological Disorders
Respiratory Disorders
Diabetes
Other Therapeutic Areas
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The market analysis report includes competitive study, production analysis, applications, and region-wise analysis, competitor landscape, consumption and revenue study, cost structure analysis, price evaluation and revenue analysis up to 2027.To flourish in the global marketplace, choosing a global market research report which includes market analysis based on regional and global level is imperative. With the comprehensive analysis of the market

Key Developments in the Market:

In August 2017, Chiltern had been acquired by the LabCorp, which is a leading global life sciences company. The acquisition would help LabCorp to become market leader in CRO by expanding mid-market biopharma segments and by improving their skills in medical devices
In July 2017, Mapi Group was acquired by the ICON, which is a provider of drug development solutions. The acquisition would help in strengthening ICON’s business as well as in addition of analytics, real world evidence generation, significant commercialization presence and strategic regulatory expertise
Competitive Analysis:

Global contract research organization (CROs) services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of contract research organization (CROs) services market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Table of Content:

1 INTRODUCTION

2 MARKET SEGMENTATION

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

5 MARKET OVERVIEW

6 BY TYPE

7 BY PRODUCT TYPE

8 BY APPLICATION

9 BY MATERIAL TYPE

10 BY GEOGRAPHY

11 COMPANY PROFILE

12 QUESTIONNAIRE

13 RELATED REPORTS

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technical Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others.

Reasons to Purchase this Report

Current and future of global contract research organization (CROs) services market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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