A new market study, titled “Global Healthcare Contract Research and Manufacturing Outsourcing (CRO) Market 2018-2022”, has been featured on WiseGuyReports.
About Healthcare Contract Research and Manufacturing Outsourcing (CRO)
Healthcare contract research outsourcing can be defined as the services offered by contract research organizations (CROs) for the development of drugs and manufacture of medical devices. It includes additional services such as product approvals, marketing, consulting, and commercialization.
The analysts forecast the global healthcare contract research and manufacturing outsourcing market to grow at a CAGR of 11.98% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global healthcare contract research and manufacturing outsourcing market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales from drug discovery outsourcing and medical device manufacturing outsourcing.
Commenting on the report, an analyst team said: “The latest trend gaining momentum in the market is the growing focus on promotional activities. With the increasing emphasis given to improve the distribution network and increase the availability of products for the end-users, the demand for outsourcing healthcare contract and research manufacturing will foster during the predicted period.”
According to the report, one of the major drivers for this market is the rising focus on drug discovery and development. Various stakeholders of the healthcare sector are increasingly focusing and spending on R&D for drug discovery and development due to the rise in prevalence of chronic diseases.
Further, the report states that one of the major factors hindering the growth of this market is the increase in data integrity issues. Data integrity is difficult during healthcare contract research outsourcing by pharmaceutical and biotechnology. Testing data is dependent on the accuracy of recording an observation, an inadvertent error may result in wrong interpretation of results.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
The report, Global Healthcare Contract Research and Manufacturing Outsourcing Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- Charles River
- FLEX
- Laboratory Corporation of America
- Piramal Enterprises
- Syneos Health
- TE Connectivity
Market driver
- Increased focus on outsourcing and rapid time-to-market
- For a full, detailed list, view our report
Market challenge
- Lack of skilled professionals
- For a full, detailed list, view our report
Market trend
- Advances in technology
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Table of Content
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY APPLICATION
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
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