Press release
Digital platform-mediated ecosystem to accelerate the Neurology Contract Research Organization Market at a CAGR of 6.7%
Market Overview:
Revenue from the global neurology contract research organization market was US$ 7 Bn at the end of 2021 and the market is expected to increase at a value CAGR of 6.7% to reach US$ 14.2 Bn by 2032.
According to Persistence Market Research, based on service, clinical services of the neurology contract research organization market secured a market value of US$ 2.2 Bn in 2021, whereas, data management services accounted for 18.6% share of the global market. The global market for neurology contract research organizations recorded a CAGR of 5.5% over the last 9 years from 2012 to 2021.
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Companies:
Charles River Laboratories
Laboratory Corporation of America Holdings
IOVIA Inc.
Parexel International Corporation
ICON plc.
Medpace
Syneos Health
Thermo Fisher Scientific (PPD Inc.)
Pharmaron Beijing Co. Ltd.
Neuroservices Alliance
QPS Neuropharmacology
MD Biosciences
CTI Clinical Trial and Consulting Services
Atlantic Research Group, Inc.
EphyX Neuroscience
Ergomed PLC
Neuron Experts
Axon CRO
Drivers and Restraints:
The neurology contract research organization (CRO) market is expected to experience growth in the coming years due to a variety of drivers. One of the main drivers is the increasing prevalence of neurological disorders such as Alzheimer's, Parkinson's, and multiple sclerosis, which is driving demand for clinical trials and drug development in this field. Another driver is the increasing outsourcing of clinical trial activities by pharmaceutical and biotech companies to specialized CROs. However, there are also several restraints that may limit the growth of the neurology CRO market, including the high cost of drug development and clinical trials, which may limit the ability of smaller companies to enter the market. Additionally, there is a shortage of qualified personnel in the field of neurology, which may limit the capacity of CROs to conduct clinical trials in this area. Finally, regulatory hurdles and the complex nature of neurological disorders may also pose challenges for CROs operating in this market.
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Segmentation of Neurology Contract Research Organization Industry Research
Neurology Contract Research Organization Market by Service:
Clinical Services:
Early Phase/Phase I Development
Phase IIB-III Clinical Trials
Phase IIIB-Phase IV Clinical Trials
510(k) Clinical Studies
IDE Clinical Studies
IND Clinical Studies
PMA Clinical Studies
De Novo Clinical Studies
Retrospective Clinical Studies
Data Management Services:
Clinical Database Selection
Clinical Study Planning and Clinical Protocol Development
Clinical Site Budget Development
Data Management (DM) and Biostatistics (BS)
Drug Safety
Medical and Scientific Writing
Regulatory Affairs
Pharmacology and Toxicology
Quality and Compliance
Neurology Contract Research Organization Market by Study:
Neuroscience focused
Neurology focused
Neurology Contract Research Organization Market by Indication:
Alzheimer's Disease
Brain Tumors
Epilepsy & Seizures
Headaches
Schizophrenia
Depressive Disorder
Multiple Sclerosis (MS)
Muscular Dystrophy
Parkinson's Disease
Progressive Muscular Atrophy (PMA)
Stroke
Psychiatry
Autism Spectrum Disorder
Cerebral Adrenoleukodystrophy (CALD)
Sleep Apnea/ Sleep Dysfunction
Neurology Contract Research Organization Market by End User:
Pharmaceutical & Biopharmaceutical Companies
Biopharmaceutical Companies
Medical Device Companies
Academic and Research Institutes
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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