The global contract research organization market estimated to grow at a CAGR of 8.6% during the forecast period from 2018 to 2025. The market for contract research organization was valued at US$ 35.8 Billion in 2017 and is estimated to reach US$ 68.2 Billion by 2025.
An exclusive Contract Research Organization Market Research Report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Contract Research Organization Market By Type, By Application, By Region – North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Contract Research Organization market. Additionally, the report also highlights market entry strategies for various companies across the globe.
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North America holds a dominant position in the global contract research organization market which is attributed to the growing number of pharmaceutical and biopharmaceutical companies, high regulatory standards followed by the pharmaceutical industry, increasing number of clinical trials, and rapid growth of biosmilars and biologics. Asia Pacific is expected to witness a significant growth over the forecast period owing to the large patient population, increasing number of clinical trials, lower cost of clinical trials in this region.
Leading Contract Research Organization Market Players:
1. IQVIA
2. Laboratory Corporation of America Holdings
3. PARAXEl International Corporation
4. Syneos Health
5. PRA Health Sciences
6. Charles River
7. ICON plc
8. Pharmaceutical Product Development, LLC
9. WuXi AppTec
10. Medpace
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Worldwide Contract Research Organization Market Analysis to 2025 is a specialized and in-depth study of the Contract Research Organization industry with a focus on the global market trend. The report aims to provide an overview of global Contract Research Organization market with detailed market segmentation by product/application and geography. The global Contract Research Organization market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Contract Research Organization players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Contract Research Organization market based on product and application. It also provides market size and forecast till 2025 for overall Contract Research Organization market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
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Also, key Contract Research Organization market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Reason to Buy:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Contract Research Organization market
2. Highlights key business priorities in order to assist companies to realign their business strategies.
3. The key findings and recommendations highlight crucial progressive industry trends in the Contract Research Organization market, thereby allowing players to develop effective long term strategies.
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Key questions answered in this Research Study:
1. What will the market size and the growth rate be in 2025?
2. What are the key factors driving the Global Contract Research Organization Market?
3. What are the key market trends impacting the growth of the Global Contract Research Organization Market?
4. What are the challenges to market growth?
5. Who are the key players in the Global Contract Research Organization Market?
6. What are the market opportunities and threats faced by the prominent players in the Global Contract Research Organization Market?
7. What are the trending factors influencing the Global Contract Research Organization Market shares of the North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA)?
8. What are the key outcomes of the SWOT analysis and PEST analysis of the Global Contract Research Organization Market?
Pharmaceutical & biotechnology companies and the medical device industry require various testing services such as preclinical services, clinical research services, analytical testing services, bioanalytical testing services, and regulatory services to comply with the national and international regulatory standards. Contract research organization (CRO) are specifically designed to perform these services for the drug development and commercialization to save the cost and time required for the in-house testing by the pharmaceutical & biotechnology companies and medical device companies.
The growth of global contract research organization market is expected to be majorly driven by increasing R&D expenditures and outsourcing activities and rise in the number of clinical trials. Increasing market consolidation my merger and acquisition is expected to be a prevalent trend in the global contract research organization (CRO) market. Moreover, growing biosimilars and biologics market and increasing demand for testing services are expected to create opportunity for contract research organization market.
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