Contract Research Organization Services market is expected to grow from USD 50.63 billion in 2019 to USD 88 billion by 2026 at a CAGR of 10% from 2020 to 2026.
Healthcare contract research organization generally delivers assistance to biotechnology, medical device, and pharmaceutical companies within the sort of research services outsourced on a contract basis. Different companies including Covance, PAREXEL, and IQVIA among others are involved in CRO services. Currently, IQVIA is the largest CRO within the world that specializes in digital health and AI. Secured services contain preclinical and clinical testing, the discovery also as regulatory approval, which will enhance the general business growth. Pharmaceutical firms are gradually outsourcing research activities to non-public contract research organizations (CROs) and academic institutes which will eventually boost the industry demand. Pharma firms are adopting this strategy to stay flexible and competitive. The R&D activities that companies prefer to outsource include an extensive spectrum of tasks from basic research to late-stage development. Like assay development, target validation, lead optimization, gene-splicing, hit exploration, efficacy, and safety tests in animal models also as clinical trials concerning humans. Thus, the above-mentioned aspects thereby should accelerate the contract research organization's market growth. The global market is segregated on the basis of Type as Early Phase Development Services, Pharmacokinetics/Pharmacodynamics (PK/PD), Toxicology Testing, Others, Clinic Research Services, Laboratory Services, Physical Characterization, Stability Testing, Batch Release Testing, and Raw Material Testing. Based on Therapeutic Area the global market is segmented in Oncology, CNS Disorders, Infectious Diseases, CVS Disorders, Metabolic Disorders, Immunological Disorders, Respiratory Disorders, Ophthalmology, and Other Therapeutic Areas. Based on End User the global market is segmented in Pharmaceutical and Biopharmaceutical Companies, Medical Device Companies, and Academic Institutes.
The global market report provides geographical analysis covering regions, such as Europe, North America, Asia Pacific, and the Rest of The World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
IQVIA, LabCorp, Charles river Laboratories, WuXi Apptec, Syneos Health Inc., Paraxel International, PRA Health Sciences, PPD, ICON Plc, Medpace Holdings, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Contract Research Organization Services market has been segmented as below:
By Type
By Therapeutic Area
By End-User
By Region
By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include IQVIA, LabCorp, Charles river Laboratories, WuXi Apptec, Syneos Health Inc., Paraxel International, PRA Health Sciences, PPD, ICON Plc, Medpace Holdings, and others.
Why Buy this Report:
Target Audience:
The report targeted the existing players in the industry is as follows:
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Report Content
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5.1 Introduction
5.2 Early Phase Development Services
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Pharmacokinetics/Pharmacodynamics (PK/PD)
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Toxicology Testing
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Others
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Clinic Research Services
5.6.1 Market Overview
5.6.2 Market Size and Forecast
5.7 Laboratory Services
5.7.1 Market Overview
5.7.2 Market Size and Forecast
5.8 Physical Characterization
5.8.1 Market Overview
5.8.2 Market Size and Forecast
5.9 Stability Testing
5.9.1 Market Overview
5.9.2 Market Size and Forecast
5.10 Batch Release Testing
5.10.1 Market Overview
5.10.2 Market Size and Forecast
5.11 Raw Material Testing
5.11.1 Market Overview
5.11.2 Market Size and Forecast
6.1 Introduction
6.2 Oncology
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 CNS Disorders
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Infectious Diseases
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 CVS Disorders
6.5.1 Market Overview
6.5.2 Market Size and Forecast
6.6 Metabolic Disorders
6.6.1 Market Overview
6.6.2 Market Size and Forecast
6.7 Immunological Disorders
6.7.1 Market Overview
6.7.2 Market Size and Forecast
6.8 Respiratory Disorders
6.8.1 Market Overview
6.8.2 Market Size and Forecast
6.9 Ophthalmology
6.9.1 Market Overview
6.9.2 Market Size and Forecast
6.10 Other Therapeutic Areas
6.10.1 Market Overview
6.10.2 Market Size and Forecast
7.1 Introduction
7.2 Pharmaceutical and Biopharmaceutical Companies
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Medical Device Companies
7.3.1 Market Overview
7.3.2 Market Size and Forecast
7.4 Academic Institutes
7.4.1 Market Overview
7.4.2 Market Size and Forecast
8.1 Introduction
8.2 Europe
8.2.1 Europe Market, By Type
8.2.2 Europe Market, By Therapeutic Area
8.2.3 Europe Market, By End User
8.3 North America
8.3.1 North America Market, By Type
8.3.2 North America Market, By Therapeutic Area
8.3.3 North America Market, By End User
8.4 Asia Pacific
8.4.1 Asia Pacific Market, By Type
8.4.2 Asia Pacific Market, By Therapeutic Area
8.4.3 Asia Pacific Market, By End User
8.5 Rest of The World
8.5.1 Rest of The World Market, By Type
8.5.2 Rest of The World Market, By Therapeutic Area
8.5.3 Rest of The World Market, By End User
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
(Overview, Key Financials, Recent Developments, Product and Service Offering)
The global Contract Research Organization Services market has been segmented as below:
By Type
By Therapeutic Area
By End User
By Region
By Company