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Global Contract Research Organization Services (CROs) Market

Added: (Tue Feb 19 2019)

Pressbox (Press Release) - Global Contract Research Organization Services (CROs) Market is expected to reach USD 60.9 Billion by 2024 from USD 33.8 Billion in 2016 at CAGR of 7.64% (Detailed analysis of the market CAGR is provided in the report).

Global Contract Research Organization Service (CROs) Market

Various factors driving the Contract Research Organization Services (CROs) market growth are increasing the prevalence of diseases such as cardiovascular, diabetes, & oncological, a robust pipeline of pharmaceutical & biopharmaceutical products, and increasing complexity of clinical trials and fast-paced changing regulatory framework associated with commercialization.

Global Contract Research Organization Services (CROs) Market is segmented by type, therapeutic area, end user, and geography. Type segment is sub-segmented as early phase development service, clinical research services, laboratory services and consulting services. Therapeutic Area segment is classified as oncology, infectious diseases, central nervous system (CNS) disorders, immunological disorders, and others. End-user segment is divided as pharmaceutical & biopharmaceutical companies, medical device companies, and academic institutes. Pharmaceutical & biopharmaceutical companies end-user segment is expected to register highest growth rate during the forecast period, owing to increased outsourcing of early phase development services and clinical and laboratory testing services by pharmaceutical companies to increase profit margins. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Increased outsourcing of R&D activities and the increasing number of clinical trials are trending the overall Global Contract Research Organization Services (CROs) Market. However, shortage of skilled professionals will restrain the market growth. North America is expected to dominate the Contract Research Organization Services (CROs) Market in forecast period followed by Europe and APAC. Technologically advanced research, the increase in clinical trial activity and high-quality standards in the pharmaceutical industry in this region will fuel the Contract Research Organization Services (CROs) Market in the North America region.

Key Highlights:

Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for this market during the forecast period
Complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
Global Contract Research Organization Services (CROs) Market analysis and comprehensive segmentation with respect to the type, therapeutic area, end user, and geography to assist in strategic business planning
Global Contract Research Organization Services (CROs) Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions
Scope of the Global Contract Research Organization Services (CROS) Market

Global Contract Research Organization Services (CROS) Market, By Type:

Early Phase Development Services
o Discovery Studies
o Chemistry, Manufacturing & Control
o Preclinical Services
Pharmacokinetics/Pharmacodynamics (PK/PD)
Toxicology Testing
Others
Clinic Research Services
o Phase I
o Phase II
o Phase III
o Phase IV
Laboratory Services
o Bioanalytical Testing
o Analytical Testing
Physical Characterization
Stability Testing
Batch Release Testing
Raw Material Testing
Other Analytical Testing
Consulting Services
Global Contract Research Organization Services (CROS) Market, By Therapeutic Area:

Oncology
Infectious Diseases
Central Nervous System (CNS) Disorders
Immunological Disorders
Cardiovascular Diseases
Respiratory Disorders
Diabetes
Other Therapeutic Areas
Global Contract Research Organization Services (CROS) Market, By End-User:

Pharmaceutical & Biopharmaceutical Companies
Medical Device Companies
Academic Institutes
Global Contract Research Organization Services (CROs) Market, By Geography:

North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Key Players in the Global Contract Research Organization Services (CROs) Market Are:

MPI Research
Quintiles Transnational Holdings Inc.
Envigo
SGS
MeDPAce Holdings
Charles River
WuXi Pharmatech
INC Research Holdings, Inc.
Syneos Health
ICON PLC
PPD
PRA Health Sciences
PAREXEL
LabCorp
IQVIA
For more information visit:
Global Contract Research Organization Services (CROs) Market
This report publish by Maximize Market Research Company

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