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Contract Research Organization (CRO) Services Market by Type (Early phase, Clinical, Lab, Consulting), Therapeutic Area (Oncology, Infectious Disease, Neurology, Immunology, Hematology, Vaccines, Cell & Gene Therapy), End User & Region - Global Forecast t
CRO services market
Factors such as continuously growing pharmaceutical, biopharmaceutical, and medical device R&D pipelines and technological advancements in the clinical trials process are driving the growth of this market. Besides, the growing demand for new clinical trial designs for cell & gene therapies is expected to offer growth opportunities to companies operating in this market.
One of the major and unaddressed challenges for CROs, CDMOs, and life science companies is Patient recruitment and retention. The main challenges related to patient recruitment include protocol complexities and competition in clinical trials, which makes it increasingly hard to find qualified patients. Moreover, a lack of understanding of the patient's perspective is another factor that makes it difficult for recruiters to retain patients throughout the trial
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The key players in the global Contract Research Organization (CRO) Services market are IQVIA (US), Laboratory Corporation of America Holdings (US), PPD (US), ICON (US), WuXi AppTec (China), Syneos Health (US), Charles River Laboratories International (US), and Medpace Holdings (US).
The Clinical Research Services subsegment of the type segment dominated the Contract Research Organization (CRO) Services Market in 2022:
Based on type, the CRO services market is segmented into clinical research services, early-phase development services, laboratory services, consulting services, and data management services. The clinical research services segment accounted for the largest share of this market in 2022. The large share of this segment can primarily be attributed to factors such as the growing size of the R&D pipeline of drugs and high clinical trial expenses.
North America was the largest regional market for Contract Research Organization (CRO) Services Market in 2022.
North America accounted for the largest share of the global Contract Research Organization (CRO) Services market. As a result of the growing outsourcing of R&D activities to CRO and the increasing number of clinical studies being conducted in the region, North America holds the largest share.
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This report categorizes the CRO services market into the following segments and subsegments:
By Type
• Clinical Research Services
• Early phase development Services
• Laboratory Services
• Consulting Services
• Data Managenment Services
By Clinical Research Services
• Phase III
• Phase II
• Phase I
• Phase IV
By Early Phase Development Services
• Chemistry, Manufacturing and Controls Services
• Preclinical Services
• Pharmacokinetics/ Pharmacodynamics
Services
• Toxicology Testing Services
• Other Preclinical Services
• Discovery Studies
By Laboratory Services
• Analytical Testing Services
o Physical Characterization Services
o Raw Material Testing Services
o Batch Release Testing Services
o Stability Testing Services
o Other Analytical Testing Services
• Bioanalytical Testing Services
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By Therapeutic Area
• Oncology
o Breast Cancer
o Lung Cancer
o Colorectal Cancer
o Prostate Cancer
o Other Cancer
• Infectious Diseases
• CVS Disorders
• Neurology
• Vaccines
• Metabolic Disorders/Endocrinology
• Immunological Disorders
• Psychiatry
• Respiratory Disorders
• Dermatology
• Ophthalmology
• Gastrointestinal Diseases
• Genitourinary & Women's Health
• Hematology
• Other Therapeutic Areas
By End User
• Pharmaceutical & Biopharmaceutical Companies
• Medical Device Companies
• Academic Institutes
Frequently Asked Questions (FAQ):
Who are the key players in the Contract Research Organization (CRO) Services market?
Which type dominates the Contract Research Organization (CRO) Services market?
Which therapeutic area segment of the Contract Research Organization (CRO) Services market is expected to witness the highest growth?
What is the market size for the Contract Research Organization (CROs) Services market?
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