Global Healthcare Contract Research Organization Market Revenue To Record Robust Growth In Coming Years : Fact.MR

Fact.MR predicts the global sales of healthcare contract research organizations to surpass US$ 79 Bn by registering a positive CAGR of 6% in the forecast period 2022-2032. Rising cases of epidemics and biologics along with demand for real-time data acquisition of clinical trials of healthcare contract research organizations.

Historically, from 2015 to 2021, the global sales of healthcare contract research organizations to reach US$ 40 Bn by the end of the aforementioned period. A CAGR of 5.2% was registered in the said historical timeframe. Moreover, the onset of COVID-19 affected the demand for healthcare contract research organizations due to the restriction on movements. On the other hand, the pandemic increased the demand for accelerating the process for approving drugs and medicines. Thus, the demand for healthcare contract research organizations are escalating.

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Furthermore, increase in epidemics along with the demand for personalized medicines is augmenting the demand for healthcare contract research organizations. In addition, technological advancements and regulations by government are driving the demand for healthcare contract research organizations.

Key Segments Covered in Healthcare Contract Research Organization Industry Report

By Type :
Pre-Clinical Healthcare Contract Research Organization
Healthcare Contract Research Organization for Drug Discovery
Lead Identification
Target Validation
Lead Optimization

Clinical Healthcare Contraction Research Organization
Phase I Trial Services
Phase II Trial Services
Phase III Trial Services
Phase IV Trial Services
Full Healthcare Contract Research Organization

By Service :
Healthcare CRO for Project Management/Clinical Supply Management
Healthcare CRO for Quality Management/ Assurance
Healthcare CRO for Bio-statistics
Healthcare CRO for Regulatory/Medical Affairs
Healthcare CRO for Medical Writing
Healthcare CRO for Investigator Payments
Healthcare CRO Services for Laboratory
Healthcare CRO for Data Management
Healthcare CRO for Clinical Monitoring
Healthcare CRO for Patient and Site Recruitment
Healthcare CRO for Technology
Healthcare CRO for Other Services

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Key Takeaways from the Market Study

By service, clinical monitoring expected to hold more than 20% market share for healthcare contract research organizations.

By type, clinical services expected to hold more than 70% market share for healthcare contract research organizations.

Healthcare contract research organization industry expected to possess nearly 25% market share throughout North America.

Healthcare contract research organization industry expected to possess nearly 40% market share throughout Asia Pacific

Global healthcare CRO market likely to be valued at US$ 44 Bn by 2022-end

Competitive Landscape

In January 2021, Charles River expanded their vaccine manufacturing capacities in Ireland. This benefited AstraZeneca as Charles River provided testing and deployment of drug makers COVID-19 vaccine.

In October 2021, Syneos Health announced the acquisition StudyKIK. The company is focusing on developing better connection between patients. The acquisition will help the company to deliver technology enabled and insight powered solutions.

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global healthcare contract research organization market, presenting historical demand data (2015-2021) and forecast statistics for the period of 2022-2032.

The study indulges essential insights on the market on the basis of type (drug discovery, pre-clinical and full healthcare contract research organization) and service (project management/clinical supply management, data management, regulatory/medical affairs, medical writing, clinical monitoring, quality management/assurance, bio-statistics, investigator payments, laboratory, patient and site recruitment, technology and others) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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