Press release
Preclinical CRO Market has Toxicology testing as the largest segment, as per Maximize Market research
Global Preclinical CRO Market is expected to grow at a CAGR of 8.06% during the forecast period. Global Preclinical CRO Market is expected to reach US$ 11.44 Bn. by 2030.Preclinical CRO Market Overview
Preclinical CROs perform first-stage laboratory experiments on animal models to assess potential hazards and advantages of new medications, guaranteeing their safety prior to advancing to human testing. Early research efforts and outsourcing for preclinical CRO services are fueling market growth. Preclinical CRO services play a vital role in achieving successful drug development.
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Preclinical CRO Market drivers
Increased R&D budgets for drug development and need for faster drug development (e.g., COVID vaccine) are important trends in the Preclinical CRO Market. The increased focus on toxicology testing, coupled with regulatory processes towards faster approvals the market is poised for growth. The growing demand for bioanalysis and DMPK studies and collaboration between public and government entities for innovation are also some of the factors responsible for Preclinical CRO Markets growth.
Preclinical CRO Market challenges
The Preclinical CRO Market faced delays in developments due to COVID-19 pandemic. The pandemic drove the market with exponential demand for treatment options. This was also highlighted by the lack of skilled workforce.
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Preclinical CRO Market regional analysis
North America is the leader in the market due to high R&D spending and technology adoption. Asia Pacific is expected to grow the fastest due to cost-effectiveness of preclinical CROs.
Recent News about Preclinical CRO market
16/9/2024 PharmaLegacy Acquires Preclinical CRO BTS Research, Strengthening Its Preclinical Services and Expanding Laboratory Operations into North America
15/4/2024 Genome Valley to lead way in addressing complex challenges of preclinical research
8/8/2024 NovAliX brings Bruker on board to advance drug discovery methods
7/8/2024 Silo Pharma Announces Partnership with Global CRO for Central Nervous System Homing Peptide
31/1/2024 CRO Ichor Life Sciences launches clinical trial services unit
11/1/2024 Harlan joins with French CRO to deliver more preclinical services
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Preclinical CRO Market Segmentation
by Service
Bioanalysis and DMPK Studies
Toxicology Testing
Others
by End Use
Biopharmaceutical Companies
Government and Academic Institutes
Medical Device Companies
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Preclinical CRO Market Key Players
1. Envigo Corporation
2. MPI research
3. Eurofins Scientific
4. PRA Health Sciences, Inc.
5. Wuxi AppTec
6. Medpace, Inc.
7. Pharmaceutical Product Development (PPD), LLC
8. PARAXEL International Corporation
9. ICON Plc
10. Laboratory Corporation of America, Inc
11. Covance Inc. (LabCorp)
12. MD Biosciences, Inc
13. Jubilant Biosys
14. Admescope
15. Metasafe
Key questions answered in the Preclinical CRO Market are:
• How big was the pre clinical CRO market in 2023?
• What is a preclinical CRO?
• What are the preclinical CRO companies in the US?
• Which is the No 1 CRO in the world?
• Which is the largest pharma CRO company?
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• § Competitive landscape -Market Leaders, Market Followers, Regional player
• § Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.
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