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In-vivo Contract Research Organization Market Analysis, Growth, Trends and Forecast 2016 - 2024
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Key trends making the CRO marketplace increasingly competitive include frequent mergers and partnerships for smaller companies by larger companies in order to emerge as an “One-Stop- Shop” and simultaneously enhance international geographical footprint. Few others are focusing on catering niche sectors through execution of functional service provider (FSP) contracts. These contracts allow clients to outsource individual services instead of entire studies or projects. Increasing demand for CRO services is fostering the growth of employment in new clinical research jobs and hence clinical recruitment agencies in major hubs throughout Europe, the USA, and emerging markets in Asia Pacific countries.
It is important to understand the long and complex drug development process in the U.S. before analyzing the role of CROs. As the advancement of technology for in- vivo CROs present in various regions, increase in healthcare spending by government and availability of grants and funding from government organizations. Asia Pacific are expected to record robust growth due to growing health care industry, economic development and huge patient base affects the growth of in- vivo CRO market.
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Revenue drivers for the market include high R&D cost for development of biologic drugs. Market estimates in this regard note that development of biologics cost US$ 22 per day as compared to US$ 1 per day, for development of small molecule drugs in oral solid dosage formulations. Challenges for the in-vivo CROs include growing product complexity, poor stability of drugs, and easy product-associated contamination. Purification of biologics is known to be a capital-intensive process and there is limited skill base needed for seamless execution of such processes. There is increased demand for bulk development of mABs, chemical conjugation services, which requires extensive process and product knowledge.
Some of the major market players in In-vivo contract research organization globally include American Preclinical Services, LLC., BTS Research, Charles River Laboratories International, Inc., Chiltern International Ltd., Covance Inc., ICON Plc., INC Research, inVentiv Health, PAREXEL International Corporation, Pharmaceutical Product Development, LLC., PRA Health Sciences, Quintiles Inc. and WuXi AppTec, Inc.
The report covers exhaustive analysis on:
In-Vivo Contract Research Organization Segments
In-Vivo Contract Research Organization Market Dynamics
Historical Actual Market Size, 2014 - 2015
In-Vivo Contract Research Organization Market Size & Forecast 2016 to 2022
In-Vivo Contract Research Organization Market Trends/Issues/Challenges
Competition & Companies involved
In-Vivo Contract Research Organization Market Drivers and Restraints
Report Highlights:
Shifting Industry dynamics
In-depth market segmentation
Historical, current and projected industry size Recent industry trends
Key Competition landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
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