Pharmaceutical Contract Research Services Market, 2021-2030 by Roots Analysis

Customized services, reduced cost and access to advanced technologies offered by contract research service providers, have prompted a number of pharmaceutical companies to outsource their research operations

London

Roots Analysis has announced the addition of “Pharmaceutical Contract Research Services Market, 2021-2030” report to its list of offerings.

Majority of the small companies as well as a few mid to large sized players, do not have the required capital or experience to undertake the development programs by themselves. Moreover, the costs associated with idle capacity for such specialized facilities are also high. As a result, the extent of outsourcing activities has considerably increased over the past few years.

To order this 290+ page report, which features 95+ figures and 130+ tables, please visit this link - https://www.rootsanalysis.com/reports/pharmaceutical-contract-research-services-market.html

Key Market Insights

Presently, more than 520 players claim to offer contract research services
Nearly 70% of the players provide contract research services for conducting clinical trials, followed by those offering services concerning regulatory affairs management (49%). It is worth mentioning that 41 service providers claim to have the required expertise to serve as one-stop-shops to cater to the needs of various pharmaceutical firms.

Partnership activity within this domain has grown significantly, since 2018
In the last three years, more than 190 agreements were inked by the pharmaceutical contract research service providers, with maximum activity being reported in 2020. Majority of the instances were related to acquisitions (20%), clinical trial agreements (18%), R&D agreements (14%), and research agreements (12%).

Close to 50 mergers and acquisitions were established in this domain, during the period 2018-2021
It was observed that majority of the deals were intracontinental (76%), involving participants from the same countries. Geographical consolidation and service portfolio expansion were observed to the major key value drivers of M&A activity in this domain. This was followed by instances of service portfolio addition and geographical expansion.

At present, companies offering clinical stage services represent majority of the market share (in terms of sales revenues)
By 2030, the pharmaceutical contract research market in North America is estimated to be worth USD 29 billion, representing an annualized growth rate of 9.7%. It is worth mentioning that the market in Asia-pacific is anticipated to grow at a relatively faster pace, during the forecast period.
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Key Questions Answered
Who are the leading players offering contract research services for small molecules?
Which partnership models are commonly adopted by stakeholders engaged in pharmaceutical contract research services market?
What are the key value drivers of the merger and acquisition activity observed within pharmaceutical contract research services market?
What are the likely future trends in contract research services market?
How is the current and future opportunity likely to be distributed across key market segments?
What is the total cost of ownership required to set up a pharmaceutical contract research organization?

The USD 59 billion (by 2030) financial opportunity within the pharmaceutical contract research service providers market has been analyzed across the following segments:
Scale of Operation
Discovery
Preclinical
Clinical

Target Therapeutic Area
Oncological Disorders
Infectious Diseases
Neurological Disorders
Inflammatory Disorders
Cardiovascular Disorders
Dermatological Disorders
Ophthalmic Diseases
Respiratory Disorders

Key Geographical Regions
North America
Europe
Asia- Pacific
Middle East
North Africa
Latin America

The report also features detailed profiles of key players (listed below); each profile features a brief overview of the company, its financial information (if available), information on the services offered and an informed future outlook.
Albany Molecular Research (AMRI)
BioDuro
BOC Sciences
Catalent Pharma
Charles River Laboratories
ChemDiv
Covance
Medpace
QPS
Concept Life Sciences
Evotec
ChemPartner
Pharmaron
Syngene
Torrent Pharma
WuXi AppTec

For additional details, please visit
https://www.rootsanalysis.com/reports/pharmaceutical-contract-research-services-market.html
or email sales@rootsanalysis.com

You may also be interested in the following titles:
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2. Biopharmaceutical CROs Market, 2021-2030
3. Cell and Gene Therapy CROs Market, 2021-2030

Contact:
Ben Johnson
+1 (415) 800 3415
ben.johnson@rootsanalysis.com
 

Contact Information
Roots Analysis Private Limited
Ben Johnson
+1 (415) 800 3415
+44 (122) 391 1091
ben.johnson@rootsanalysis.com

Contact:
Gaurav Chaudhary
gaurav.chaudhary@rootsanalysis.com

Roots Analysis
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sales@rootsanalysis.com
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We specialise in analysing areas which have lacked quality research so far or require more focussed understanding within the broader industry. All our reports are structured in a way to enable the reader develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we also provide bespoke research / consulting services dedicated to serve our clients in the best possible way.

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