Global Contract Research Organization (CRO) Services Market Size, Share, Forecast Report, 2020-2027

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Contract Research Organization (CRO) Services Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Contract Research Organization (CRO) Services market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

According to the report, the global contract research organization (CRO) services market was valued at ~US$ 49 Bn in 2018 and is projected to expand at a high CAGR of 8% during the forecast period. Contract research organizations are engaged in offering a range of research services on a contract basis to pharmaceutical, medical device, and biotechnology companies. The global contract research organization (CRO) services market is driven by increase in the penetration of CROs, globalization of clinical trials, rise in spending on research and development (R&D), and growth in the number of clinical trials being conducted worldwide. North America dominated the global contract research organization (CRO) services market in 2018 and the trend is anticipated to continue during the forecast period. Strong growth of the market in the region can be attributed to increase in the number of clinical trials and rise in the demand for biosimilars, owing to patent expiry, which fuels the demand for rapid conduction of trials and regulatory approvals. This prompts pharmaceutical manufacturers to approach CROs, thereby boosting the global contract research organization (CRO) services market.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Contract Research Organization (CRO) Services market are included as given below:

Laboratory Corporation of America Holdings

IQVIA Inc.

Syneos Health, Inc.

Parexel International Corporation

PRA Health Sciences, Inc.

PPD, Inc.

Charles River Laboratories, Inc.

Icon plc

WuXi AppTec Group

Medpace

The global Contract Research Organization (CRO) Services market has been segmented as below:

Contract Research Organization (CRO) Services Market, by Service Type

� Early Phase Development

o Discovery Services

o Chemistry

o Preclinical Services

? Toxicology

? Pharmacokinetics

? Others

� Clinical Research Services

o Phase I

o Phase II

o Phase III

o Phase IV

� Laboratory Services

o Bioanalytical Services

o Analytical Services

o Others

� Consulting Services

Contract Research Organization (CRO) Services Market, by Therapeutic Indication

� Oncology

� Infectious Diseases

� Immunological Disorders

� Respiratory Diseases

� Cardiovascular Diseases

� Neurological Disorders

� Others

Contract Research Organization (CRO) Services Market, by End User

� Medical Device Companies

� Biopharmaceutical Companies

� Others

Contract Research Organization (CRO) Services Market, by Region

� North America

o U.S.

o Canada

� Europe

o U.K.

o Germany

o France

o Italy

o Spain

o Rest of Europe

� Asia Pacific

o China

o India

o Japan

o Australia

o Rest of Asia Pacific

� Latin America

o Brazil

o Mexico

o Rest of Latin America

� Middle East & Africa

o GCC Countries

o South Africa

o Rest of Middle East & Africa

Reasons to Purchase this Report:

Estimates Contract Research Organization (CRO) Services development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects