As per this study, the Global Contract Research Organization Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2028 with a CAGR of XX%.
Contract research organization (CRO) is an organization that provides contract-based research for the pharmaceutical, biotechnology industries. It generally provides biological assays, clinical & preclinical research, and clinical trials. Apart from the study, it also provides clinical data management, medicine & disease coding, data management and even post-marketing research activities.
The contract research organization market is majorly driven by increasing funding by the government on R&D and rise in clinical trials. The growing prevalence of autoimmune diseases, genetic disorders, and other fatal diseases are driving the demand for CRO. Rising mortality rate due to untreatable medical conditions has created high demand for the outsourcing of R&D activities. This, in turn, is pushing the CRO market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of contract research organization.
The broad contract research organization market has been sub-grouped into product and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Early Stage Development
- Late Stage Development
- Pharmaceutical Organization
- Medical Device Organization
- Academic Institutions
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for contract research organization in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Contract Research Organization Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the contract research organization market include Charles River Laboratories, Chiltern, Covance, Parexel International, EPS, Icon, INC Research, Inventiv Health, PRA Health Sciences, QPS, Quintiles Translational, Ricerca Biosciences, Synteract HCR, WIL Research and WuXi AppTec. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.