Global Healthcare Contract Research Organization Market Report By Type (Drug Discovery, Pre-clinical, Clinical), By Service (Project Management/Clinical Supply Management, Data Management, Regulatory/Medical Affairs, Medical Writing, Clinical Monitoring, Quality Management/ Assurance, Bio-statistics, Investigator Payments, Laboratory, Patient and Site Recruitment, Technology, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028

Name: Global Healthcare Contract Research Organization Market Report
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SKU: Healthcare
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ID:VMR11214779

April 2021

Report Formats: Electronic (PDF), MS EXCEL

Description
Table Of Content

Global Healthcare Contract Research Organization Market Overview
The key driver impacting the healthcare contract research organization market is the rising government funding to develop new drugs worldwide. For instance, NIH funding adds to published research linked with every one of the 210 new drugs allowed by the Food and Drug Administration between 2010–2016. Communally, grant funding in total is more than $100 billion for this research. It invests over $1B in awards every year through its Small Business Technology Transfer (STTR) and Small Business Innovation Research (SBIR) programs. In 2019, NIH’s SBIR and STTR programs invested almost $1.2b for early-stage drug development. Also, the presence of an ever-expanding pharmaceutical industry is adding growth to the market. For instance, As per the India Brand Equity Foundation, globally Indian pharmaceutical market stands 3rd in production by volume and 14th by value. The domestic pharmaceuticals market revenue comes to $20.03 bn in 2019, which is enhanced by 9.3% from 2018. The market of the Pharma Industry in India is anticipated to attain $130 Bn by 2030. Moreover, the mounting pressure on industry players to pursue strict timelines has amplified the outsourcing research activities demand to contract research organizations (CROs), contributing to the Healthcare contract research organization's market growth in the coming years.

According to Value Market Research, the global healthcare contract research organization market size was valued at around USD 40000 million in 2020, and it is estimated to grow at a CAGR of about 6.6% during the forecast period 2021 to 2027.

The Governments and public-sector organizations that have made noticeable investments towards enhanced biomedical research are estimated to augment healthcare contract research organization in the forecast period. For instance, The NIH is the most significant public funder of biomedical research globally. It consists of 24 institutes and centers awarding $32 billion per year in grants to get better human life and decrease illness and disability. Similarly, Horizon 2020 (H2020) is the largest EU Research and Innovation program with almost €80 billion of funding available in seven years (2014 to 2020). Multinational clinical trials can seek out funding under the H2020 “Health, demographic change and wellbeing” program. The high fundings give rise to more clinical research, leading to massive market demand in the coming years. However, quality issues of CRO services may hamper the market in the long run. Also, intellectual property rights issues negatively impact the market. The current industry trends, such as the favorable environment for clinical trials in developing countries, and the high adoption of innovative trial designs, are expected to offer new lucrative market opportunities for the key players.

The Healthcare contract research organization market is vast, with many local and global players. The Healthcare contract research organization market is extensive, with many regional and international players. The important market leaders follow numerous strategies to improve their market position, such as acquisitions, extending product portfolio, contracts, amalgamation, contracts, acquisitions, product upgrades to enlarge their market share across the globe. The significant players studied in the report include ICON Plc, Syneos Health, Covance, Charles River Laboratories (CRL), IQVIA, Covance, PAREXEL International Corporation, Medidata Solutions, GVK Biosciences Private Limited, Pharmaceutical Product Development, LLC (PPD), and Pharmaron.

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In this research report, the Healthcare contract research organization market is segmented by type, service, and region.

Analysis by Type:

By type, the report is categorized into drug discovery, preclinical, and clinical. The clinical services segment dominates the type segment with over 76.7% share in 2020. It is a rising number of biologics, the need for personalized medicines and orphan drugs, and the demand for advanced technologies. Also, the clinical trial includes four elaborate phases that include human subjects. Moreover, the globalization of clinical trials, technological advancement, and high demand for CROs to conduct clinical trials contribute to the massive demand from the clinical services segment in the forecast period.

Analysis by Service:

By services, the report is categorized into project management/clinical supply management, regulatory/medical affairs, medical writing, data management clinical monitoring, quality management/ assurance, bio-statistics, investigator payments, laboratory, patient and site recruitment, technology, and others. The clinical monitoring segment dominates the services segment with over 18% share in 2020. It is due to the growing number of clinical trials and the necessity of monitoring those studies that lead to more demand for the services. Moreover, the introduction of smart analytics and real-time data acquisition devices is estimated to improve clinical monitoring data in the healthcare sector, contributing to clinical monitoring segment growth in the forecast period.

Analysis by Region:

In the regional outlook of the global Healthcare contract research organization market, the Asia Pacific region dominates globally with a 46.9% market share in the forecast period. It is due to the high prevalence of chronic conditions and easy patient recruitment and retention. Moreover, the availability of diverse populations and favorable government support, and establishment of regulations as per accepted standards contributes to tremendous market growth across North America.

Market Segmentation covered in the Report:
By Type

Drug Discovery (Target Validation, Lead Identification, Lead Optimization)
Pre-clinical
Clinical (Phase I Trial Services, Phase II Trial Services, Phase III Trial Services, Phase IV Trial Services)

By Service

Project Management/Clinical Supply Management
Data Management
Regulatory/Medical Affairs
Medical Writing
Clinical Monitoring
Quality Management/ Assurance
Bio-statistics
Investigator Payments
Laboratory
Patient and Site Recruitment
Technology
Others

By Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot

3 . HEALTHCARE CONTRACT RESEARCH ORGANIZATION – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Service
           3.7.3 By Region

4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend

5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
          5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis

6 . GLOBAL HEALTHCARE CONTRACT RESEARCH ORGANIZATION MARKET ANALYSIS BY TYPE
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Drug Discovery Market by Regions
       6.6 Pre-clinical Market by Regions
       6.5 Clinical Market by Regions

7 . GLOBAL HEALTHCARE CONTRACT RESEARCH ORGANIZATION MARKET ANALYSIS BY SERVICE
       7.1 Overview by Service
       7.2 Historical and Forecast Data
       7.3 Analysis by Service
       7.4 Project Management/Clinical Supply Management Market by Regions
       7.5 Data Management Market by Regions
       7.6 Regulatory/Medical Affairs Market by Regions
       7.7 Medical Writing Market by Regions
       7.8 Clinical Monitoring Market by Regions
       7.9 Quality Management/ Assurance Market by Regions
       7.10. Bio-statistics Market by Regions
       7.11 Investigator Payments Market by Regions
       7.12 Laboratory Market by Regions
       7.13 Patient and Site Recruitment Market by Regions
       7.14 Technology Market by Regions

8 . GLOBAL HEALTHCARE CONTRACT RESEARCH ORGANIZATION MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
          8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa

9 . COMPETITIVE LANDSCAPE OF THE HEALTHCARE CONTRACT RESEARCH ORGANIZATION COMPANIES
       9.1. Healthcare Contract Research Organization Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments

10 . COMPANY PROFILES OF HEALTHCARE CONTRACT RESEARCH ORGANIZATION INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. ICON Plc
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Syneos Health
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Covance
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Charles River Laboratories (CRL)
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. IQVIA
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Covance
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. PAREXEL International Corporation
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Medidata Solutions
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. GVK Biosciences Private Limited
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Pharmaceutical Product Development
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. LLC (PPD)
           10.13.1. Company Overview
           10.13.2. Financials
           10.13.3. Products
           10.13.4. Recent Developments
       10.14. Pharmaron
           10.14.1. Company Overview
           10.14.2. Financials
           10.14.3. Products
           10.14.4. Recent Developments

*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

LIST OF TABLES

LIST OF FIGURES

Research Scope of Healthcare Contract Research Organization Report
Market Research Process
Market Research Methodology
Global Healthcare Contract Research Organization Market Size, by Region (USD MN)
Porters Five Forces Analysis
Market Attractiveness Analysis by Type
Market Attractiveness Analysis by Service
Market Attractiveness Analysis by Region
Value Chain Analysis
Global Market Analysis by Type (USD MN)
Drug Discovery Market by Geography (USD MN)
Pre-clinical Market by Geography (USD MN)
Clinical Market by Geography (USD MN)
Global Market Analysis by Service (USD MN)
Project Management/Clinical Supply Management Market by Geography (USD MN)
Data Management Market by Geography (USD MN)
Regulatory/Medical Affairs Market by Geography (USD MN)
Medical Writing Market by Geography (USD MN)
Clinical Monitoring Market by Geography (USD MN)
Quality Management/ Assurance Market by Geography (USD MN)
Bio-statistics Market by Geography (USD MN)
Investigator Payments Market by Geography (USD MN)
Laboratory Market by Geography (USD MN)
Patient and Site Recruitment Market by Geography (USD MN)
Technology Market by Geography (USD MN)
Global Market by Revenue
North America Market by Revenue
Europe Market by Revenue
Asia Pacific Market by Revenue
Latin America Market by Revenue
Middle East & Africa Market by Revenue
Recent Development in Industry
Company Market Share Analysis

* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
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