Pre-clinical Contract Research Organization (CRO) Market Size Worth USD 12.75 Billion in 2032 | Emergen Research

The global pre-clinical Contract Research Organization (CRO) market size was USD 5.72 Billion in 2022 and is expected to register a revenue CAGR of 8.3% during the forecast period.
The global pre-clinical Contract Research Organization (CRO) market is witnessing significant growth attributed to various key factors, according to a recent market research report. The report highlights the drivers, restraints, segment insights, and end-use trends shaping the landscape of the pre-clinical CRO market.

Key Market Drivers

Increasing R&D Investments: With a surge in research and development budgets, there is a growing demand for pre-clinical development services. This includes crucial activities such as safety testing of pharmaceuticals before human trials, driving the need for expert organizations offering pre-clinical CRO services.

Outsourcing of Non-Core Functions: Companies, especially in the pharmaceutical and biopharmaceutical sectors, are increasingly outsourcing non-core functions like clinical trial services and pre-clinical testing. This trend aids in cost reduction and optimization of product development efforts.

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Market Restraints

Regulatory Compliance Challenges: Operating in a highly regulated environment requires substantial investments in infrastructure and skilled professionals to meet stringent guidelines such as Good Laboratory Practice (GLP).
Intense Competition: The market faces challenges due to intense competition among large multinational CROs and smaller specialized providers, necessitating differentiation and unique value propositions.

Segment Insights

End-Use Segmentation
Biopharmaceutical companies hold the largest market share due to increased outsourcing and strategic cost minimization efforts. However, government and academic institutes are also significant contributors to market growth, driven by outsourcing activities for drug discovery and development.

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Model Type Segmentation
Segments include patient derived organoid models and Patient Derived Xenograft (PDX) models. Patient derived organoid models dominate the market owing to their unique advantages in personalized healthcare.

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Major Companies and Competitive Landscape

The global pre-clinical Contract Research Organization (CRO) market is fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective pre-clinical CRO solutions.

Some major players included in the global pre-clinical Contract Research Organization (CRO) market report are:
• Crown Bioscience.
• Thermo Fisher Scientific Inc.
• ICON plc
• SGA
• Intertek Group plc
• Charles River Laboratories
• Medpace
• Eurofins Scientific
• WuXi AppTec
• IQVIA Inc
• Parexel International (MA) Corporation
• Syneos Health
• PSI
• Labcorp Drug Development
• Olon Ricerca
• Noble Lifesciences
• GenScript ProBio
• InnoVentiv
• Altasciences

Strategic Development

• In January 2024, Altasciences, an integrated CRO/CDMO that provides pharmaceutical and biotechnology companies with a comprehensive solution for early-stage drug development, from lead candidate selection to clinical proof of concept, announced the successful acquisition of Sinclair Research, a pre-clinical CRO in the Midwest. The new center will provide access to Altasciences' pre-clinical services across the United States, complementing current offices on the East and West Coasts.

• In March 2021, NAMSA announced the purchase of Minneapolis-based American Pre-clinical Services (APS), a full-service pre-clinical CRO. With the addition of APS's portfolio of services, NAMSA will strengthen its already robust pre-clinical solutions by providing Sponsors with a broader range of laboratory models and analysis tools, including innovative surgical instrumentation and several cutting-edge catheterization labs, imaging capabilities, and surgical suites.

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For the purpose of this report, Emergen Research has segmented the global pre-clinical Contract Research Organization (CRO) market on the business function, organization size, deployment mode, and region:

• Service Type Outlook (Revenue, USD Billion; 2019-2032)
o Bioanalysis and DMPK studies
1. In vitro ADME
2. In-vivo PK
o Toxicology Testing
1. GLP
2. Non-GLP
o Compound Management
1. Process R&D
2. Custom Synthesis
3. Others
o Chemistry
1. Medicinal Chemistry
2. Computation Chemistry
o Safety Pharmacology
o Others

• Model Outlook (Revenue, USD Billion; 2019-2032)
o Patient derived organoid models
o Patient Derived Xenograft (PDX) Models

• End use Outlook (Revenue, USD Billion; 2019-2032)
o Biopharmaceutical Companies
o Government and Academic Institutes
o Medical Device Companies

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Russia
8. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. ASEAN Countries
6. Oceania
7. Rest of APAC
o Latin America
1. Brazil
2. Mexico
3. Rest of LATAM
o Middle East & Africa
1. GCC Countries
2. Israel
3. Turkey
4. South Africa
5. Rest of MEA

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