Contract Research Organization (CRO) Services Market Forecasts to 2024

Contract research organizations (CROs) provide clinical trial and other research support services for the pharmaceutical, biotechnology, medical device industries and also serve government institutions, foundations, and universities. Contract research organizations (CROs) offer solutions for the conduct of clinical trials, including:

  • Toxicology studies
  • Drug discovery solutions
  • Data management services
  • Bio-analytical services
  • Central laboratory functions
  • Cite monitoring
  • Bio-statistics
  • Regulatory affairs

The global Contract research organizations services market is expected to grow at a rapid rate during the forecast period. The global CRO Services market is highly fragmented with a number of large players and SMBs. The market is growing fast, and providers are finding that many sponsors are willing outsource medical development stages. Globalization, preclinical and Phase I areas, and alliances are boosting the growth of the CRO Services market. North America is the largest region for the production of CRO services due to the presence of many pharmaceutical companies and extensive drug development activity in the region. Many CROs are now expanding their operations to developing countries in Asia Pacific, Latin America, and Eastern Europe to take advantage of lower costs for conducting clinical trials in these regions compared to the US and European countries. However, concerns are still prevailing related to intellectual property rights and quality standards in these countries. Some of the key players in this market are IQVIA, Charles River, LabCorp, Envigo, MPI Research, ICON Plc, PAREXEL, MeDPAce Holdings, PRA Health Sciences, and WuXi Pharmatech.

Infoholic Research’s Global CRO Services market report provides detailed information about various market trends and applications covering different segments and regions. The major trends, drivers, restraints, and opportunities in each segment are also covered. This study will help stakeholders to understand the current and future market outlook to focus/expand/invest in the Global CRO Services market.

This report also provides the competitive landscape of the leading players in the Global CRO Services market and this study will help the vendors to understand about their competitors’ landscape. The report can also be tailored as per the specific user requirement. The customization of the report is available based on countries, vendor profiles, enterprise, and vertical wise.

Report Scope:

  • Healthcare Category
    • Pharmaceutical
  • By Types
    • Clinical Research Services
    • Early-Phase Development Services
    • Laboratory Services
    • Consulting Services
  • By Regions
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Industry Outlook: Market Trends and Drivers, Restraints, and Opportunities

Request for TOC at sales@infoholicresearch.com

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Secondary & Primary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

methodology

Market related information is congregated from both secondary and primary sources. Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

For more details on Research Methodology kindly click here to Engage with our Analyst.

  • 10
    Enquiry Hours