Contract Research Organization Market to Grow at 8.6+% CAGR to Reach US$ 68,198.3 MN by 2025 Led by IQVIA, PAREXEL International Corporation, Syneos Health, Laboratory Corporation of America Holdings, PRA Health Sciences

The global contract research organization market is segmented on the basis of type, end user and geography. On the basis of type, the market is segmented into early phase services, clinical research services, laboratory services, and post-approval services. On the basis of end user, the contract research organization market is segmented into pharmaceutical & biotechnology companies and medical devices companies.

The global contract research organization (CRO) market is expected to reach US$ 68,198.3 Mn in 2025 from US$ 35,818.9 in 2017. The market is estimated to grow with a CAGR of 8.6% from 2018-2025.

The contract research organization market is aimed to describe, define and estimate the forecast for market size of the CROs till 2025. The report strategically analyzes macro and micro-markets to entail the major factors impacting the growth of the global contract research organization market. The market report for CROs is appropriate to cater the needs and demands of various stakeholders that include pharmaceutical, biotechnology and medical companies in the form of research services.

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Key Benefits:

  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Contract Research Organization Market
  • To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

North America is expected to be the dominant region in the global contract research organization market. This dominance is primarily driven by the increasing number of clinical trials, and rapid growth of biosmilars and biologics market, are going to propel the growth of contract research organization market. The large adoption in the trend of CROs has been witnessed not only by the pharmaceutical companies, but also by government organizations. For instance, in January 2015, the U.S. government allotted a fund of US$ 215 million as an initiative in precision medicine. On the other hand, Asia Pacific is expected to witness significant growth in the market owing to factors such as lower cost of clinical trials, and increasing number of pharmaceutical and biotech companies in the region.

The major players operating in the contract research organization market include IQVIA, PAREXEL International Corporation, Syneos Health, Laboratory Corporation of America Holdings, PRA Health Sciences, Inc., Charles River, ICON plc, Pharmaceutical Product Development, LLC., WuXi AppTec, Medpace among others.

What our report offers:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and  segments in the global Contract Research Organization Market
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Contract Research Organization Market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Posted by on Friday April 19 2019, 2:51 AM EDT. All trademarks acknowledged. Filed under Biotechnology, Diagnostics, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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