Why Contract Research Organization (CRO) Market is set to Trend in Future? Top Key PLayers: Quintiles, LabCorp (Covance), PPD, Parexel, ICON, PRA, inVentiv, INC, CRL, Wuxi AppTec

CROs provide drug development services, regulatory and scientific support, and infrastructure and staffing support to provide their clients with the flexibility to supplement their in-house capabilities or to provide a fully outsourced solution.

CROs provide a comprehensive range of clinical services, including protocol design and management and monitoring of Phase I through Phase IV clinical trials, data management, laboratory testing, medical and safety reviews and statistical analysis. 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 new and existing marketing claims.


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The global Contract Research Organization (CRO) market is valued at 34500 million USD in 2019 and is expected to reach 55300 million USD by the end of 2027, growing at a CAGR of 8.2% between 2019 and 2027.

The report provides an extensive competitive analysis and profiles of the key market players, such as Quintiles, LabCorp (Covance), PPD, Parexel, ICON, PRA, inVentiv, INC, CRL, Wuxi AppTec

Various testing services (clinical and laboratory) are required throughout the development phase of any drug substance. Outsourcing of analytical and clinical services helps pharmaceutical and biopharmaceutical companies to mitigate risks by avoiding large investments in purchasing equipment and maintaining manpower, especially when development efforts are in the early stages. It also helps pharmaceutical companies focus on their core competencies. Thus, the development of new drug molecules is expected to propel the demand for CRO services.

The global market, by end user, is segmented into pharmaceutical and biopharmaceutical companies, medical device companies, and academic institutes. In 2017, the pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the contract research organization services market. The large share of this segment can be attributed to the increased outsourcing of early phase development services and clinical and laboratory testing services by pharmaceutical companies to boost profit margins, avoid high capital expenditure, and reduce the time duration to validate the process and product.

This report studies the Contract Research Organization (CRO) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Contract Research Organization (CRO) market by product type and applications/end industries.

Market Segment by Type, covers
Preclinical CRO
Clinical Trial CRO

Market Segment by Applications, can be divided into
Pharmaceutical Industry
Biotechnology
Medical Device Industry

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Table of Content
1 Contract Research Organization (CRO) Market Overview
2 Manufacturers Profiles
2.1 Quintiles
2.1.1 Business Overview
2.1.2 Contract Research Organization (CRO) Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Quintiles Contract Research Organization (CRO) Revenue, Gross Margin and Market Share (2017-2018)
3 Global Contract Research Organization (CRO) Market Competition, by Players
4 Global Contract Research Organization (CRO) Market Size by Regions
5 North America Contract Research Organization (CRO) Revenue by Countries
6 Europe Contract Research Organization (CRO) Revenue by Countries
7 Asia-Pacific Contract Research Organization (CRO) Revenue by Countries
8 South America Contract Research Organization (CRO) Revenue by Countries
9 Middle East and Africa Revenue Contract Research Organization (CRO) by Countries
10 Global Contract Research Organization (CRO) Market Segment by Type
Continue . . .

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