Press release
CRO services market is estimated to grow at a CAGR of 12.1% within the forecast period of 2023-2030: Cognitive Market Research
CRO services market is estimated to grow at a CAGR of 12.1% within the forecast period of 2023-2030: Cognitive Market Research
CRO services or contract research organization services are the services that provide clinical trial services for the pharmaceutical, biotechnology, and medical device industries. These services often include regulatory affairs, clinical trial planning, site selection and initiation, recruitment support, clinical monitoring, data management, trial logistics, biostatistics, medical writing, and project management.
Summary:
The CRO services market is expected to grow from USD 73.38 billion in 2022 to USD 163.48 billion in 2030, at a CAGR of 12.1%. The market is driven by the growing cases of chronic diseases, R and D pipelines, novel technologies, and many others. This demand is high in the North America Region.
To know more CRO services Market statistics click here: https://www.cognitivemarketresearch.com/cro-services-market-report
Market Dynamics
Rise in the clinical trials majorly drives the growth of the CRO services market. ClinicalTrials.gov presently contains 441,524 trials in all 50 states and 221 countries. ClinicalTrials.gov received around 4.5 million visits per month as of March 2021. These clinical trials often require different services that can be sourced by contract research organizations. This factor drives the growth of the market.
The development of new and innovative technologies is expected to provide numerous opportunities for the growth of the market. The use of novel technology by CROs adds value across the development and delivery cycle, from early clinical trials to the commercialization and monitoring of new medical treatments. Sponsors gain from these breakthroughs, as do patients, who benefit from earlier access to innovative, more personalized medicines.
Market Segmentation:
Type
Based on the type, the clinical research services segment has dominated the market owing to the rising prevalence of chronic disorder, the upsurge in the outsourcing R & D services, and others.
• Early phase Development Services
• Clinical Research Services
• Laboratory Services
• Consulting Services
Application:
Based on the application, the oncology segment dominated the CRO services market as the rising number of patients with cancer is growing. Similarly, the lack of effective cancer treatment necessitates research and development activities. This in turn raises the demand for CO services.
• Oncology
• CNS Disorder
• Cardiology
• Infectious Disease Metabolic Disorder
• Renal/Nephroology
Others
Based on the application, the oncology segment dominated the CRO services market as the rising number of patients with cancer is growing. Similarly, the lack of effective cancer treatment necessitates research and development activities. This in turn raises the demand for CO services.
End User:
Based on the end user, the pharmaceutical and biotech companies segment dominated the CRO services market due to the rising investment in research and development by these companies.
• Pharmaceutical and Biopharmaceutical Companies
• Medical Device Companies
• Academic Institutes
The Major Players CRO services Market are:
Quintiles Transnational Holdings Inc, Laboratory Corporation Of America Holdings, Pharmaceutical Product Development LLC, PAREXEL International Corporation, ICON Plc, PRA Health Sciences Inc., InVentiv Health Inc., Charles River Laboratories International Inc., INC Research Holdings Inc, Wuxi PharmaTech (Cayman) Inc
Get Access of latest published CRO services Market Report: https://www.cognitivemarketresearch.com/cro-services-market-report
News:
• In January 2023, Bruker Corporation and Biognosys AG, located in Switzerland, established a strategic partnership in which Bruker would acquire a controlling stake in Biognosys. Several previous Biognosys investors sold their shares to Bruker in a secondary transaction, and Bruker will make additional main investments in Biognosys. The Bruker team will continue to lead Biognosys as a world-class provider of proteomics and proteogenomics CRO services and proteomics software.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global CRO services Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
- 1.5.1 Segmentation
- 1.5.1 Regional Fragmentation
- 1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global CRO services Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global CRO services Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Mergers and Acquisition Analysis
• 5.2 Global New Launches Analysis
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global CRO services Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global CRO services Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global CRO services Market Regional Analysis
Chapter 11 North America CRO services Market Outlook (2018 - 2030)
Chapter 12 Europe CRO services Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific CRO services Market Outlook (2018 - 2030)
Chapter 14 Latin America CRO services Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa CRO services Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more The CRO services market TOC click here: https://www.cognitivemarketresearch.com/cro-services-market-report#table_of_contents
Regional Analysis:
• Geographically, the global CRO services market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominates the CRO services market owing to the presence of big pharma companies, the rising healthcare industry, the growing focus on innovative drugs and medical devices, technological advancement in a clinical trial, and many others.
Related Reports:
• CMO CDMO Market - https://www.cognitivemarketresearch.com/cmo-cdmo-market-report
• Biologics Safety Testing Market - https://www.cognitivemarketresearch.com/biologics-safety-testing-market-report
• Analytical Laboratory Services Market - https://www.cognitivemarketresearch.com/analytical-laboratory-services-market-report
• Clinical Trial Market - https://www.cognitivemarketresearch.com/clinical-trial-market-report
• In vivo CRO Market - https://www.cognitivemarketresearch.com/in-vivo-cro-market-report
• Preclinical CRO Market - https://www.cognitivemarketresearch.com/preclinical-cro-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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