The global contract research organization services market is expected to grow from USD 39.41 billion in 2019 to USD 71.35 billion by 2027, at a CARG of 7.7% during the forecast period 2020-2027.
CRO services are companies which offer research-based services on a contract to various pharmaceuticals & biotechnology, many government research organizations and medical device industries. These services include drug & devices R&D that is, CMS, Clinical trials, laboratory services, pre-discovery, preclinical research and post-marketing surveillance.
Fast technological advancement and increasing globalization and encouraging many pharmaceutical companies and biotech companies to outsource their research development to various CROs.
Also, increase in investment by many players in various non-clinical & clinical activities outsourced by various CROs which is cost-effective option for development products will drive the CRO market globally
The study delivers a comprehensive analysis by service type, therapeutic areas, end-user and region. The service type segment includes drug-discovery, clinical, pre-clinical and laboratory services. Clinical segment has the largest share, which can be credited to speedy growth in the geriatric population and the consequent increase in the occurrence of chronic diseases, increasing the development of new drugs and rising acceptance of evidence-based medicine for many therapeutic areas.
The therapeutic area section includes infectious diseases, oncology, diabetes, central nervous system, respiratory, autoimmune disorder, cardiovascular and others. Oncology segment has the largest share due to increasing number of clinical trials and growing prevalence of cancer.
The end-user segment includes medical devices companies, pharmaceutical & biotechnological companies, academic & research institutes and others. Pharmaceuticals and biopharmaceutical companies has the largest share owing to improved outsourcing of early phase development services and clinical & laboratory testing services by pharmacies to increase profit margins, reduce time duration to authorize the process and products and avoid high expenditure.
The market is regionally divided into Europe, North America, Asia-Pacific, South America and Middle East & Africa. North American region has the largest share globally, due to high-quality standards in pharmaceutical industries, increase in clinical trial activity and speedy growth in its biosimilar and biologics market.
The key players of this market are LabCorp, PRA Health Sciences, IQVIA, Syneos Health, SGS, PARECEL, Charles River, ICON Plc, WuXi AppTech and Medpace.
Global Contract Research Organization Services Market Analysis And Forecast, By Service Type
Global Contract Research Organization Services Market Analysis And Forecast, By Therapeutic Areas
Global Contract Research Organization Services Market Analysis And Forecast, By End-User
Global Contract Research Organization Services Market Analysis And Forecast, By Regional Analysis
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Service Type
4.3.2. Market Attractiveness Analysis By Therapeutic Areas
4.3.3. Market Attractiveness Analysis By End-User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Contract Research Organization Services Market Analysis and Forecast, By Service Type
6.1. Segment Overview
6.2. Drug-Discovery
6.3. Clinical
6.4. Pre-Clinical
6.5. Laboratory Services
7. Global Contract Research Organization Services Market Analysis and Forecast, By Therapeutic Areas
7.1. Segment Overview
7.2. Infectious Disease
7.3. Oncology
7.4. Diabetes
7.5. Central Nervous System
7.6. Respiratory
7.7. Autoimmune Disorder
7.8. Cardiovascular
7.9. Others
8. Global Contract Research Organization Services Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Medical Devices Companies
8.3. Pharmaceutical & Biotechnological Companies
8.4. Academic & Research Institutes
8.5. Other
9. Global Contract Research Organization Services Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Contract Research Organization Services Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Contract Research Organization Services Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. LabCorp
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. PRA Health Sciences
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. IQVIA
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Syneos Health
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. SGS
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. PARECEL
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Charles River
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. ICON Plc
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. WuXi AppTech
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Medpace.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
2. Global Drug-Discovery Market, By Region, 2017–2027(USD Billion)
3. Global Clinical Market, By Region, 2017–2027(USD Billion)
4. Global Pre-Clinical Market, By Region, 2017–2027(USD Billion)
5. Global Laboratory Services Market, By Region, 2017–2027(USD Billion)
6. Global Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
7. Global Infectious Disease Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
8. Global Oncology Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
9. Global Diabetes Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
10. Global Central Nervous System Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
11. Global Respiratory Water Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
12. Global Autoimmune Disorder Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
13. Global Cardiovascular Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
14. Global Others Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
15. Global Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
16. Global Medical Devices Companies Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
17. Global Pharmaceutical & Biotechnological Companies Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
18. Global Academic & Research Institutes Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
19. Global Other Polymeric Alloys Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
20. Global Contract Research Organization Services Market, By Region, 2017–2027(USD Billion)
21. Global Contract Research Organization Services Market, By North America, 2017–2027(USD Billion)
22. North America Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
23. North America Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
24. North America Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
25. U.S. Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
26. U.S. Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
27. U.S. Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
28. Canada Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
29. Canada Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
30. Canada Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
31. Mexico Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
32. Mexico Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
33. Mexico Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
34. Europe Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
35. Europe Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
36. Europe Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
37. Germany Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
38. Germany Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
39. Germany Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
40. France Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
41. France Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
42. France Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
43. U.K. Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
44. U.K. Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
45. U.K. Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
46. Italy Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
47. Italy Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
48. Italy Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
49. Spain Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
50. Spain Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
51. Spain Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
52. Asia Pacific Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
53. Asia Pacific Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
54. Asia Pacific Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
55. Japan Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
56. Japan Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
57. Japan Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
58. China Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
59. China Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
60. China Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
61. India Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
62. India Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
63. India Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
64. South America Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
65. South America Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
66. South America Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
67. Brazil Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
68. Brazil Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
69. Brazil Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
70. Middle East and Africa Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
71. Middle East and Africa Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
72. Middle East and Africa Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
73. UAE Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
74. UAE Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
75. UAE Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
76. South Africa Contract Research Organization Services Market, By Service Type, 2017–2027(USD Billion)
77. South Africa Contract Research Organization Services Market, By Therapeutic Areas, 2017–2027(USD Billion)
78. South Africa Contract Research Organization Services Market, By End-User, 2017–2027(USD Billion)
List of Figures
1. Global Contract Research Organization Services Market Segmentation
2. Contract Research Organization Services Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Contract Research Organization Services Market Attractiveness Analysis By Service Type
9. Global Contract Research Organization Services Market Attractiveness Analysis By Therapeutic Areas
10. Global Contract Research Organization Services Market Attractiveness Analysis By End-User
11. Global Contract Research Organization Services Market Attractiveness Analysis By Region
12. Global Contract Research Organization Services Market: Dynamics
13. Global Contract Research Organization Services Market Share By Service Type (2019 & 2027)
14. Global Contract Research Organization Services Market Share By Therapeutic Areas (2019 & 2027)
15. Global Contract Research Organization Services Market Share By End-User (2019 & 2027)
16. Global Contract Research Organization Services Market Share by Regions (2019 & 2027)
17. Global Contract Research Organization Services Market Share by Company (2019)
Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.
Market research is valuable because of the following reasons:
Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.
Our market research process involves with the four specific stages.
Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:
Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:
Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.
This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.
Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.
Free Customization
Countries can be added on demand
Free yearly update on purchase of Multi/Corporate User License
Companies served till date
We serve our customers 24x7 for 365 days through calls, emails and live chat options.
Huge database of exceptional market reports bringing market intelligence to your fingertips.
SSL enabled, we offer you various secured payment options for risk free purchase.