Market Research Future published a cooked research report on “Global Contract Research Organization Market Research Report”. Contract Research Organization Market Surging Expected To Register 11.48% CAGR. Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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Global Contract Research Organization Market gaining further prominence will register a spectacular growth by 2023, posting 11.48% CAGR during 2017 – 2023. Contract Research Organization (CROs) refers to the contract basis outsourcing of research & development of medicines, therapeutic drugs & medical devices and other pharmaceutical products. Over the past few years, improving economic conditions globally, have increased healthcare expenditures, improving access to the quality healthcare. This has further augmented the demand for the therapeutic medicines, & devices. Resultantly, this is fostering the market growth, increasing R&D activities.
Factors contributing to the proliferation of the market growth include augmented demand and supply for the medicines, demand for the generic drugs, coupled with the growing number of patent expiries and growing drugs manufacturing sector. Pervasively Growing CMO market backed by the growing population that is increasingly adopting the heady & sedentary lifestyle, leading to the prevailing chronic diseases & disorders, is reasoning for the driving force behind this outstanding growth.
Vital Players:
- PAREXEL International Corporation
- QuintilesIMS
- Pharmaceutical Product Development
- PRA Health Sciences
- And others.
Contract Research Organization Market – Segmentation:
The global contract research organization has been segmented based on segment, clinical trial phase, and end-users. By segment, the market has been segmented into drug discovery, clinical development, post-marketing services, and others. By clinical trial phase, the market has been segmented into preclinical trials, phase I, phase II, phase III, phase IV, and others. By end-users, the market has been segmented into pharmaceutical/ biotechnology companies, medical devices companies, academic institutes, and others.
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Contract Research Organization Market – Regional Analysis:
The key markets of the global contract research organization market include the Americas, Europe, Asia-Pacific and the Middle East & Africa. The America market is consolidated due to the concentration of market activity owing to favorable conditions and the presence of a robust drug market in the region. The Americas is closely followed by Europe due to the availability of funds for research, and a well-developed healthcare sector in the region. Asia-Pacific market is expected to emerge as a growing market due to increase in clinical research activities in the region, especially in China and India. The Middle East & Africa holds a comparatively smaller share of the market but holds potential growth opportunities as the region facilitates conduction of clinical trials at a fraction of costs as compared to the US and Europe.
Major TOC of Global Contract Research Organization Market Research Report – Forecast till 2023:
1 REPORT PROLOGUE
2 MARKET INTRODUCTION
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
5 MARKET FACTOR ANALYSIS
6 GLOBAL CONTRACT RESEARCH ORGANIZATION MARKET, BY SEGMENT
7 GLOBAL CONTRACT RESEARCH ORGANIZATION MARKET, BY CLINICAL TRIAL PHASE
8 GLOBAL CONTRACT RESEARCH ORGANIZATION MARKET, BY END USER
9 GLOBAL CONTRACT RESEARCH ORGANIZATION MARKET, BY REGION
10 COMPETITIVE LANDSCAPE
11 COMPANY PROFILE
12 List of Tables
13 List of Figures
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