The contract research organization services market size will derive growth from increasing clinical trials in the coming years. According to a report by Fortune Business Insights, titled “Contract Research Organization Services: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 38,396.4 Mn in 2018. Fortune Business Insights states that the market will reach US$ 90,926.3 Mn by 2026, thereby exhibiting a CAGR of 9.9%.
A contract research organization is a company that is engaged in providing various pharmaceutical services such as product development, statistical analysis, and regulatory updates. The contract research organization also helps in submitting applications for new drug approvals and framing these applications within the regulatory compliances, all while ensuring the applications meets safety standards as stated by the related authorities. Factors such as increasing healthcare expenditure by the government as well as private organizations will favor the growth of the global contract research organization services market in the forthcoming years.
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Leading Players operating in the Contract Research Organization Services Market are:
- Pharmaceutical Product Development, LLC.
- Medpace
- Clintec
- IQVIA
- PRA Health Sciences, Inc.
- ICON plc
- KCR S.A.
- PSI
- Parexel International Corporation.
- Covance Inc.
North America Held Major Contract Research Organization Services Market Share
The active government participation in the development of contract research organizations has favoured the contract research organization services market growth in North America. Moreover, increasing investment in research and development of contract research organizations will aid the growth of the regional market. Growing demand for effective therapeutic procedures aimed at the treatment of chronic diseases in North America will favour the growth of the CRO Services Industry in this region.
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Contract Research Organization Services Market Segmentations:
By Application
- Oncology
- Cardiology
- Infectious Disease
- Metabolic Disorders
By End User
- Pharmaceutical & Biotechnological Companies
- Medical Device Companies
- Academic & Research Institutes
By Geography
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Rest of the World
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Mergers & Acquisitions Among Key Players
- The Regulatory Scenario in Key Countries/Region
- Competition Matrix for the Services Provided by Key Players.
- Global Contract Research Organization Services Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Service Type
- Discovery
- Pre-Clinical
- Clinical
- Laboratory Services
- Market Analysis, Insights and Forecast – By Application
- Oncology
- Cardiology
- Infectious Disease
- Metabolic Disorders
- Others
- Market Analysis, Insights and Forecast – By End User
- Pharmaceutical & Biotechnological Companies
- Medical Device Companies
- Academic & Research Institutes
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Rest of the World
- North America Contract Research Organization Services Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Service Type
- Discovery
- Pre-Clinical
- Clinical
- Laboratory Services
- Market Analysis – By Application
- Oncology
- Cardiology
- Infectious Disease
- Metabolic Disorders
- Others
- Market Analysis – By End User
- Pharmaceutical & Biotechnological Companies
- Medical Device Companies
- Academic & Research Institutes
- Others
- Market Analysis – By Country
- U.S.
- Canada
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