As per this study, the Global Contract Research Organization Market was valued USD 43.6 BN (by revenue) in 2018 and is anticipated to reach USD 73.1 BN by 2025 with a CAGR of 9%.
 
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.
 
Objectives of the Study:

• Define and measure the global contract research organization market
• Revenue forecast of the global contract research organization market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
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.
 
Market Segmentation
 
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.
 
By Product

• Early Stage Development  
• Late Stage Development

 
By End-User

• Pharmaceutical Organization
• Medical Device Organization
• Academic Institutions
• Others

 
Regional Analysis
 
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.
 
North America Contract Research Organization Market By Revenue (USD MN)
 

 
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.
 
 
METHODOLOGY:
 
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.