Press release
Healthcare CRO Services Market to Garner $66.03 Bn, Globally, by 2026 at 6.9% CAGR | BioTelemetry Inc., ICON., Evotec SE, Medpace, Inc., Syngene International Limited, Syneos Health
Key Takeaways:
The pharmaceutical companies segment held the largest market share
The clinical research services segment dominated the market
Oncology segment dominated the CRO services market during the forecast period
Rise in biotechnology and pharmaceutical research by industry giants in the region.
North America held the lion's share
Rise in R&D investment and significant increase in cancer incidence across the globe have boosted the growth of the global healthcare CRO services market. However, dearth of skilled healthcare professionals hampers the market growth. On the contrary, various growth opportunities in emerging economies would further propel the market growth.
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Market Segmentation:
Allied Market Research Reports has analyzed Healthcare CRO Services Market from six perspectives: Component, Technology, Functionality, Application, End User, and Region.
Service Type:
Clinical Trial Services:
Phase I Clinical Trials
Phase II Clinical Trials
Phase III Clinical Trials
Phase IV Clinical Trials (Post-Market Surveillance)
Clinical Data Management
Regulatory Services
Medical Writing and Publishing
Quality Assurance and Auditing
Biostatistics and Statistical Programming
Site Management Organization (SMO) Services
Therapeutic Area:
Oncology
Cardiovascular
Central Nervous System (CNS)
Infectious Diseases
Respiratory
Autoimmune and Inflammatory Disorders
Others (e.g., dermatology, gastroenterology)
End-User:
Pharmaceutical Companies
Biotechnology Companies
Medical Device Companies
Academic and Research Institutions
Government and Non-Profit Organizations
Geographic Region:
North America (U.S., Canada, Mexico)
Europe (France, UK, Germany, Spain, Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Rest of Asia-Pacific)
LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Regional Growth Dynamics:
Based on the region, the global Healthcare CRO Services Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The market across North America held the largest share in 2018, contributing to nearly half of the total revenue, owing to rise in biotechnology and pharmaceutical research by industry giants in the region. However, the global healthcare CRO services market across Asia-Pacific is anticipated to manifest the fastest CAGR of 7.4% during the study period, due to rise in demand for healthcare CRO services.
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Major market players
IQVIA
ICON
PRA Health Sciences
Evotec
Syneos
Medpace
Charles River
Labcorp
Syngene
Biotelemetry
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