Contract Research Organization (CRO) Market Report & Analysis 2028
[Research Report] The contract research organization (CRO) market is projected to reach US$ 88,835.19 million by 2028 from US$ 50,093.56 million in 2021; it is estimated to grow at a CAGR of 8.5% from 2021 to 2028.
A contract research organization (CRO) is a company that provides research services to pharmaceutical, biotechnology, and medical device companies, as well as academic institutions and government agencies. CRO offers range of services including clinical trail management, regulatory affairs, data management and analysis medical writing and quality assurance. They can also provide expertise in the specific therapeutic areas or specialized technologies. These organizations are appointed by the companies to conduct clinical trails on their behalf as they have the expertise and resources to efficiently manage the complex process of developing new drugs and medical devices. The increase in R&D activities and expenditures along with surge in outsourcing activities by the manufacturers and developers are create the demand for CRO. Additionally, increase in clinical trials globally followed by specialized testing services and increase in biosimilars and biologics are expected to create ample opportunities for the contract research organization (CRO) market growth.
Growth Drivers and Challenges:
The pharmaceutical companies need to perform various testing services throughout the development of the product to comply with the international and national regulatory standards as per the specification. LC/MS testing, protein profiling, extractables/leachable testing, inorganic analysis, microbiology testing, and environmental testing among others are the specialized testing which require enormous amount of high technological set up and skilled professional dedicated for these particular services to avoid even the slightest of errors. Pharmaceutical companies need to increase the cost for the maintenance of high-end technologically advanced machineries to perform these specialized testing services. The time required for these testing services is also more than that of the other services, which may hamper the other process of drug development. Therefore, to avoid the increasing labour cost and time companies are outsourcing these services to the CROs. Additionally, to comply with the regulatory standards and validate their data for these services, some of the pharmaceutical companies are outsourcing these services to the specialized/boutique CROs. The growing demand of the specialized testing services among the pharmaceutical companies may stimulate the market growth during the forecast period.
However, the rising demand for the drug development has led to the challenges at certain extent to the pharmaceutical and biotech companies. Compliance with the stringent regulatory guidelines is creating a massive pressure on the industry in order to get the product approval. To maintain the revenue and combat challenges, biopharmaceutical and pharmaceutical companies are outsourcing the services to the CRO industry in order to minimize the cost and time required for testing. CRO industry requires highly skilled professionals to achieve the proper result for the testing services and to comply with the national and international regulatory standards. Data integration and manipulation done by the professionals to meet the standard specification can lead to product recall in the market by the regulatory authorities. Therefore, the CRO industry face the burden of recruiting highly qualified and skilled professionals for the testing services. The lack of training provided for the testing services in the CROs can lead to the malfunction in testing services. Therefore, the unavailability of the skilled professionals and increased in variable cost of training the professionals is expected to create a negative impact on the overall industry at certain extent.
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Contract Research Organization (CRO) Market: Strategic Insights
Market Size Value in US$ 50,093.56 Million in 2021 Market Size Value by US$ 88,835.19 Million by 2028 Growth rate CAGR of 8.5% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Contract Research Organization (CRO) Market: Strategic Insights
| Market Size Value in | US$ 50,093.56 Million in 2021 |
| Market Size Value by | US$ 88,835.19 Million by 2028 |
| Growth rate | CAGR of 8.5% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Report Segmentation and Scope:
The “Global Contract Research Organization Market” is segmented based on type, end user, and geography. Based on type, the contract research organization market is segmented into early phase development services, clinical research services, laboratory services, and post-approval services. Based on end user, the contract research organization market is bifurcated into pharmaceutical and biotechnology companies and medical device companies. The contract research organization market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
Segmental Analysis:
Based on type, the contract research organization market is bifurcated into early phase development services, clinical research services, laboratory services, and post-approval services. The clinical research services segment held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR of 9.0% in the market during the forecast period. The verified and tested compounds in the pre-clinical studies for a particular project are further tried and tested through a long evaluation procedure to determine the safety and efficacy of the compound. Clinical trials comprise a long duration and can require six to seven years for successful completion. These trials include the use of placebos with randomization and follow up of double blinded protocols to minimize biases of the drug. The outsourcing of clinical trials research services helps the drug manufacturers to invest in expensive research infrastructure and thus use the available capital in various other areas that will lead to grow the profit margins. Moreover, the clinical trials outsourcing facilitates wider range of expertise and increased flexibility than that of the in-house activities. The aforementioned factors are expected to increase the market for global CROs market over the forecast period.
Based on end user, the contract research organization market is bifurcated into pharmaceutical and biotechnology companies and medical devices companies. The pharmaceutical and biotechnology companies segment held the larger share of the market in 2021, and the same segment is anticipated to register the higher growth rate during the forecast period. Pharmaceutical and biotechnology companies are the major end users of contract research organizations. The major reason for big shots in pharmaceutical and biotechnology companies to require CROs for conducting research and development is that the CROs specializes in conducting research in comparison to pharmaceutical companies that are indulged more in other revenue generation activities such as production, sales and marketing of the drugs or medicinal products. Thus, the CROs bring value to the pharmaceutical and biotechnology companies by saving huge infrastructure and R&D facilities costs, as well as reduce the time period required to conduct a clinical trial. Moreover, these services are also availed by the drug manufacturing companies due to lack of skilled and knowledge-rich scientists that are unable to successfully conduct drug development procedures. Moreover, the emerging pharmaceutical companies that do not have sufficient knowledge regarding regulatory affairs in the industry helps them to establish a legal presence in the economy as well as industry through various services provided by CROs. Thus, the increasing number of pharmaceutical and biotechnology companies, unavailability of skilled professionals and rising demand for new therapeutics to treat various medical conditions are expected to drive the growth of this segment over the forecast years.
Regional Analysis:
Based on geography, the contract research organization market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. In 2021, North America held the largest share of the global contract research organization market, and Asia Pacific is estimated to register the highest CAGR during the forecast period. The growth of this market is primarily driven by increasing expenditure of research and development expenditures. Moreover, various pharmaceutical companies are facing short profit margins due to patent expiry due to which the spurring manufacturers have initiated to reduce the in-house R&D activities by outsourcing these studies through contract research organizations. This is responsible for CROs to experience a significant growth. The confrontation of biotechnology and pharmaceutical companies to lower the drug development costs is expected to propel the CROs market in the US. Moreover, the presence of top revenue generating pharmaceutical companies in the US that have capability to invest a large amount in R&D is also expected to boost the growth of CROs in the US.
However, Asia Pacific registered as the fastest-growing region in the global contract research organization (CRO) market. The market in this region is expected to grow significantly in countries such as China, Japan, and India. The market's growth is attributed to rising support from the government, presence of a larger patient population. In Asia Pacific, China is the largest market for contract research organization (CRO). The growth of the market is primarily attributed to the established pharmaceutical market, increasing R&D expenditures by the pharmaceutical and biopharmaceutical companies, increasing number of clinical trials due to lower cost, and favorable regulatory policies. China has the world’s second largest pharmaceutical market. The excessive population in China coupled with the rise of various communicable and non-communicable diseases are majorly driving the growth of the pharmaceutical companies in China and making it a prime market in the Asia Pacific region. Over the past few decades, the pharmaceutical industries in China are majorly focusing on the research and development to develop new drugs. According to America’s Department of Commerce, the national drug market in China is expected to grow from US$ 108 billion in 2015 to US$ 167 billion by 2020. In addition, China has emerged as the increasingly attractive R&D outsourcing destination for international pharmaceutical companies who are trying to reduce their product timeline and cost to the market.
Industry Developments and Future Opportunities:
Various initiatives taken by key players operating in the global contract research organization market are listed below:
- In September 2021, Syneos Health has acquired StudyKIK, a leading technology-enabled clinical trial recruitment and retention company. The acquisition boosts Syneos Health’s ability to deliver technology-enabled, insight-powered solutions.
- In March 2021, WuXi AppTec has acquired OXGENE, a pioneering United Kingdom-based contract research and development organization that designs and develops scalable gene therapy technologies. This acquisition enables WuXi AppTec to offer its customers end-to-end support in the creation and development of cutting-edge cell and gene therapies for patients in need across the world.
- In April 2021, PPD, Inc. and Science 37 entered into collaboration. Science 37 is a developer of the Decentralized Clinical Trial Operating System (DCT OS). This collaboration will be fully enabled PPD to design, build, test, implement and execute digital trials using Science 37's DCT SaaS-based technology platform.
Contract Research Organization (CRO) Market Report Scope
Covid-19 Impact:
The COVID-19 pandemic affected economies and industries in various countries across the globe. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including healthcare industry. The pandemic has fuelled the research and development activities for drug and vaccine development to cope with COVID-19 infection. The increasing R&D investment by pharmaceutical companies in developing novel therapeutics is driving the studied market growth in the region. In October 2020, the FDA awarded six new grants of more than USD 16 million for four years to fund the clinical trials carried by academia and industry players through the Orphan Products Grants Program to advance therapeutics in the treatment of rare diseases. Additionally, successful collaborations between Pharma/Biotech/Device industries and CROs will play a key role in an effective fight against the global COVID-19 pandemic. Clinical research plays a crucial role in developing diagnostics and medicines to fight the ongoing COVID-19 pandemic, through rapid and accurate clinical trials, and collect robust and reliable outcomes, in a variety of different settings, on a large scale. Intensive global research collaborations among all stakeholders and industry involving all countries are necessary to enable identification and testing of effective treatments, vaccines, and diagnostics. Thus, increasing focus on vaccine development against COVID-19 has increased clinical trials, and increase in strategic collaborations which boosts the CRO market during the COVID-19.
Competitive Landscape and Key Companies:
Some of the prominent players operating in the global contract research organization market include IQVIA, PARAXEl International Corporation, Laboratory Corporation of America Holdings, Syneos Health, PRA Health Sciences, Charles River, ICON plc, WuXi AppTec, and Medpace among others. These companies focus on new product launches and geographical expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which provides them to serve a large set of customers and subsequently increases their market share.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Contract Research Organization (CRO) Market – By Type
1.3.2 Global Contract Research Organization (CRO) Market – By End User
1.3.3 Global Contract Research Organization (CRO) Market – By Geography
2. Contract Research Organization (CRO) Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global Contract Research Organization (CRO) Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia Pacific – PEST Analysis
4.2.4 Middle East and Africa (MEA) – PEST Analysis
4.2.5 South and Central America (SCAM) – PEST Analysis
4.3 Expert Opinions
5. Contract Research Organization (CRO) Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing R&D Expenditures and Outsourcing Activities
5.1.2 Rise in The Number of Clinical Trials
5.2 Key Market challenges
5.2.1 Dearth of Skilled Professionals
5.3 Key Market Opportunities
5.3.1 Growing Biosimilars and Biologics Market
5.3.2 Increasing Demand for Specialized Testing Services
5.4 Future Trends
5.4.1 Increasing Market Consolidation
5.5 Impact analysis
6. Contract Research Organization (CRO) Market – Global Analysis
6.1 Global Contract Research Organization (CRO) Market Revenue Forecast and Analysis
6.2 Global Contract Research Organization (CRO) Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Contract Research Organization (CRO) Market Analysis – By Type
7.1 Overview
7.2 Contract Research Organization (CRO) Market Revenue Share, By Type (2021 and 2028)
7.3 Early Phase Development Services
7.3.1 Overview
7.3.2 Early Phase Development Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Drug Discovery Services
7.3.3.1 Overview
7.3.3.2 Drug Discovery Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
7.3.4 Pre-Clinical Services
7.3.4.1 Overview
7.3.4.2 Pre-Clinical Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Clinical Research Services
7.4.1 Overview
7.4.2 Clinical Research Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Laboratory Services
7.5.1 Overview
7.5.2 Laboratory Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Post-Approval Services
7.6.1 Overview
7.6.2 Post-Approval Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
8. Contract Research Organization (CRO) Market Analysis – By End User
8.1 Overview
8.2 Contract Research Organization (CRO) Market Revenue Share, By End User (2021 and 2028)
8.3 Pharmaceutical and Biotechnology Companies
8.3.1 Overview
8.3.2 Pharmaceutical and Biotechnology Companies: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Medical Device Companies
8.4.1 Overview
8.4.2 Medical Device Companies: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
9. Global Contract Research Organization (CRO) Market – Geographic Analysis
9.1 North America: Contract Research Organization (CRO) Market
9.1.1 Overview
9.1.2 North America: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.1.3 North America: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.1.3.1 North America: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.1.4 North America: Contract Research Organization (CRO) Market, By End User, 2019–2028 (USD Million)
9.1.5 North America: Contract Research Organization (CRO) Market, by Country, 2021 & 2028 (%)
9.1.5.1 US: Contract Research Organization (CRO) Market– Revenue and Forecast to 2028 (USD Million)
9.1.5.1.1 US: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.1.2 US: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.1.5.1.2.1 US: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.1.5.1.3 US: Contract Research Organization (CRO) Market, By End User, 2019–2028 (USD Million)
9.1.5.2 Canada: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.2.1 Canada: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.2.2 Canada: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.1.5.2.2.1 Canada: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.1.5.2.3 Canada: Contract Research Organization (CRO) Market, By End User, 2019–2028 (USD Million)
9.1.5.3 Mexico: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.3.1 Mexico: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.3.2 Mexico: Contract Research Organization (CRO) Market, By Type – 2019–2028 (USD Million)
9.1.5.3.2.1 Mexico: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.1.5.3.3 Mexico: Contract Research Organization (CRO) Market, By End User, 2019–2028 (USD Million)
9.2 Europe: Contract Research Organization (CRO) Market
9.2.1 Overview
9.2.2 Europe: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (USD Million)
9.2.3 Europe: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.2.3.1 Europe: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.2.4 Europe: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.2.5 Europe: Contract Research Organization (CRO) Market, by Country, 2021 & 2028 (%)
9.2.5.1 Germany: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.1.1 Germany: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.1.2 Germany: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.2.5.1.2.1 Germany: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.2.5.1.3 Germany: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.2.5.2 France: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.2.1 France: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.2.2 France: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.2.5.2.2.1 France: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.2.5.2.3 France: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.2.5.3 UK: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.3.1 UK: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.3.2 UK: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.2.5.3.2.1 UK: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.2.5.3.3 UK: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.2.5.4 Italy: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.4.1 Italy: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.4.2 Italy: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.2.5.4.2.1 Italy: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.2.5.4.3 Italy: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.2.5.5 Spain: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.5.1 Spain: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.5.2 Spain: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.2.5.5.2.1 Spain: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.2.5.5.3 Spain: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.2.5.6 Rest of Europe: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.6.1 Rest of Europe: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.6.2 Rest of Europe: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.2.5.6.2.1 Rest of Europe: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.2.5.6.3 Rest of Europe: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.3 Asia Pacific: Contract Research Organization (CRO) Market
9.3.1 Overview
9.3.2 Asia Pacific: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (USD Million)
9.3.3 Asia Pacific: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.3.3.1 Asia Pacific: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.3.4 Asia Pacific: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.3.5 Asia Pacific: Contract Research Organization (CRO) Market, by Country, 2021 & 2028 (%)
9.3.5.1 China: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.1.1 China: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.1.2 China: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.3.5.1.2.1 China: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.3.5.1.3 China: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.3.5.2 Japan: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.2.1 Japan: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.2.2 Japan: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.3.5.2.2.1 Japan: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.3.5.2.3 Japan: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.3.5.3 India: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.3.1 India: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.3.2 India: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.3.5.3.2.1 India: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.3.5.3.3 India: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.3.5.4 Australia: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.4.1 Australia: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.4.2 Australia: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.3.5.4.2.1 Australia: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.3.5.4.3 Australia: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.3.5.5 South Korea: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.5.1 South Korea: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.5.2 South Korea: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.3.5.5.2.1 South Korea: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.3.5.5.3 South Korea: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.3.5.6 Rest of Asia Pacific: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.6.1 Rest of Asia Pacific: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.6.2 Rest of Asia Pacific: Contract Research Organization (CRO) Market, By Type, 2019–2028 (USD Million)
9.3.5.6.2.1 Rest of Asia Pacific: Contract Research Organization (CRO) Market, by Early Phase Development Services, 2019–2028 (USD Million)
9.3.5.6.3 Rest of Asia Pacific: Contract Research Organization (CRO) Market, by End User, 2019–2028 (USD Million)
9.4 Middle East & Africa: Contract Research Organization (CRO) Market
9.4.1 Overview
9.4.2 Middle East & Africa: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
9.4.3 Middle East & Africa Contract Research Organization (CRO) Market, by Type– Revenue and Forecast to 2028 (USD Million)
9.4.3.1 Middle East & Africa Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
9.4.4 Middle East & Africa Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.4.5 Middle East & Africa: Contract Research Organization (CRO) Market, by Country, 2021 & 2028 (%)
9.4.5.1 Saudi Arabia: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (USD Million)
9.4.5.1.1 Saudi Arabia: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.4.5.1.2 Saudi Arabia Contract Research Organization (CRO) Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.4.5.1.2.1 Saudi Arabia Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
9.4.5.1.3 Saudi Arabia Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.4.5.2 UAE: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.4.5.2.1 UAE: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.4.5.2.2 UAE Contract Research Organization (CRO) Market, by Type– Revenue and Forecast to 2028 (USD Million)
9.4.5.2.2.1 UAE Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
9.4.5.2.3 UAE Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.4.5.3 South Africa: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.4.5.3.1 South Africa: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
9.4.5.3.2 South Africa Contract Research Organization (CRO) Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.4.5.3.2.1 South Africa Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
9.4.5.3.3 South Africa Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.4.5.4 Rest of Middle East and Africa: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (USD Million)
9.4.5.4.1 Rest of Middle East and Africa: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (USD Million)
9.4.5.4.2 Rest of Middle East & Africa Contract Research Organization (CRO) Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.4.5.4.2.1 Rest of Middle East & Africa Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
9.4.5.4.3 Rest of Middle East & Africa Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.5 South and Central America: Contract Research Organization (CRO) Market
9.5.1 Overview
9.5.2 South and Central America: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (USD Million)
9.5.3 South and Central America Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
9.5.3.1 South and Central America Contract Research Organization (CRO) Market, By Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
9.5.4 South and Central America Contract Research Organization (CRO) Market, By End User – Revenue and Forecast to 2028 (USD Million)
9.5.5 South and Central America: Contract Research Organization (CRO) Market Share by Country – 2021 & 2028, (%)
9.5.5.1 Brazil: Contract Research Organization (CRO) Market- Revenue and Forecasts To 2028 (USD Million)
9.5.5.1.1 Brazil: Contract Research Organization (CRO) Market- Revenue and Forecasts To 2028 (USD Million)
9.5.5.1.2 Brazil Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
9.5.5.1.2.1 Brazil Contract Research Organization (CRO) Market, By Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
9.5.5.1.3 Brazil Contract Research Organization (CRO) Market, By End User – Revenue and Forecast to 2028 (USD Million)
9.5.5.2 Argentina: Contract Research Organization (CRO) Market- Revenue and Forecasts To 2028 (USD Million)
9.5.5.2.1 Argentina: Contract Research Organization (CRO) Market- Revenue and Forecasts To 2028 (USD Million)
9.5.5.2.2 Argentina Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
9.5.5.2.2.1 Argentina Contract Research Organization (CRO) Market, By Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
9.5.5.2.3 Argentina Contract Research Organization (CRO) Market, By End User – Revenue and Forecast to 2028 (USD Million)
9.5.5.3 Rest of South and Central America: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (USD Million)
9.5.5.3.1 Rest of South and Central America: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (USD Million)
9.5.5.3.2 Rest of South and Central America Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
9.5.5.3.2.1 Rest of South and Central America Contract Research Organization (CRO) Market, By Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
9.5.5.3.3 Rest of South and Central America Contract Research Organization (CRO) Market, By End User – Revenue and Forecast to 2028 (USD Million)
10. Impact Of COVID-19 Pandemic on Contract Research Organization (CRO) Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.5 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Charles River Laboratories, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 IQVIA Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Laboratory Corporation of America Holdings
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 PAREXEL INTERNATIONAL CORPORATION
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ICON PLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Novotech
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Syneos Health
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Medpace
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 WuXi AppTec
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 PPD Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. R&D Investments by Major Pharmaceutical Companies
Table 2. R&D Investments by Phrma Member Companies, 2019
Table 3. Medicines under development for several diseases in 2020
Table 4. Number of registered studies for Clinical Trials
Table 5. Consolidation across the CRO Industry
Table 6. North America Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 7. North America Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 8. North America Contract Research Organization (CRO) Market, By End User– Revenue and Forecast to 2028 (USD Million)
Table 9. US Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 10. US Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 11. US Contract Research Organization (CRO) Market, By End User– Revenue and Forecast to 2028 (USD Million)
Table 12. Canada Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 13. Canada Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 14. Canada Contract Research Organization (CRO) Market, By End User– Revenue and Forecast to 2028 (USD Million)
Table 15. Mexico Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 16. Mexico Rapid Test Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 17. Mexico Contract Research Organization (CRO) Market, By End User– Revenue and Forecast to 2028 (USD Million)
Table 18. Europe: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 19. Europe Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 20. Europe Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 21. Germany: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 22. Germany: Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 23. Germany: Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 24. France: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 25. France: Contract Research Organization (CRO) Market, by Early Phase Development Services– Revenue and Forecast to 2028 (USD Million)
Table 26. France Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 27. UK: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 28. UK: Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 29. UK Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 30. Italy: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 31. Italy: Contract Research Organization (CRO) Market, by Early Phase Development Services– Revenue and Forecast to 2028 (USD Million)
Table 32. Italy Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 33. Spain: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 34. Spain: Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 35. Spain Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 36. Rest of Europe: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 37. Rest of Europe: Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 38. Rest of Europe Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 39. Asia Pacific: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 40. Asia Pacific Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 41. Asia Pacific Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 42. China: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 43. China: Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 44. China: Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 45. Japan: Contract Research Organization (CRO) Market, By Type– Revenue and Forecast to 2028 (USD Million)
Table 46. Japan: Contract Research Organization (CRO) Market, by Early Phase Development Services– Revenue and Forecast to 2028 (USD Million)
Table 47. Japan: Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 48. Indian Companies R&D Expenditure From 2018 to 2020 in USD Million
Table 49. India: Contract Research Organization (CRO) Market, By Type– Revenue and Forecast to 2028 (USD Million)
Table 50. India: Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 51. India: Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 52. Australia: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 53. Australia: Contract Research Organization (CRO) Market, by Early Phase Development Services– Revenue and Forecast to 2028 (USD Million)
Table 54. Australia: Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 55. South Korea: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 56. South Korea: Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 57. South Korea: Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 58. Rest of Asia Pacific: Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 59. Rest of Asia Pacific: Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 60. Rest of Asia Pacific: Contract Research Organization (CRO) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 61. Middle East & Africa Contract Research Organization (CRO) Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 62. Middle East & Africa Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 63. Middle East & Africa Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 64. Saudi Arabia Contract Research Organization (CRO) Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 65. Saudi Arabia Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 66. Saudi Arabia Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 67. UAE Contract Research Organization (CRO) Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 68. UAE Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 69. UAE Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 70. South Africa Contract Research Organization (CRO) Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 71. South Africa Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 72. South Africa Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 73. Rest of Middle East & Africa Contract Research Organization (CRO) Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 74. Rest of Middle East & Africa Contract Research Organization (CRO) Market, by Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 75. Rest of Middle East & Africa Contract Research Organization (CRO) Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 76. South and Central America Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 77. South and Central America Contract Research Organization (CRO) Market, By Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 78. South and Central America Contract Research Organization (CRO) Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 79. Brazil Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 80. Brazil Contract Research Organization (CRO) Market, By Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 81. Brazil Contract Research Organization (CRO) Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 82. Argentina Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 83. Argentina Contract Research Organization (CRO) Market, By Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 84. Argentina Contract Research Organization (CRO) Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 85. Rest of South and Central America Contract Research Organization (CRO) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 86. Rest of South and Central America Contract Research Organization (CRO) Market, By Early Phase Development Services – Revenue and Forecast to 2028 (USD Million)
Table 87. Rest of South and Central America Contract Research Organization (CRO) Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 88. Organic Developments Done By Companies
Table 89. Inorganic Developments Done by Companies
Table 90. Glossary of Terms, Contract Research Organization (CRO) Market
LIST OF FIGURES
Figure 1. Contract Research Organization (CRO) Market Segmentation
Figure 2. Contract Research Organization (CRO) Market Segmentation, By Region
Figure 3. Contract Research Organization (CRO) Market Overview
Figure 4. Amino Acids Segment Held Largest Share of Contract Research Organization (CRO) Market
Figure 5. Europe to Show Significant Growth During Forecast Period
Figure 6. Contract Research Organization (CRO) Market, by Geography (US$ Million)
Figure 7. Global Contract Research Organization (CRO) Market – Leading Country Markets (US$ Million)
Figure 8. Global Contract Research Organization (CRO) Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia Pacific PEST Analysis
Figure 12. Middle East and Africa (MEA) PEST Analysis
Figure 13. South and Central America (SCAM) PEST Analysis
Figure 14. Number of approvals for NDA & BLA (2015 to 2020)
Figure 15. CRO market impact analysis of driver and restraints
Figure 16. Global Contract Research Organization (CRO) Market – Revenue Forecast and Analysis – 2020- 2028
Figure 17. Global Contract Research Organization (CRO) Market – By Geography Forecast and Analysis – 2021- 2028
Figure 18. Market Positioning of Key Players in Global Contract Research Organization (CRO) Market
Figure 19. Contract Research Organization (CRO) Market Revenue Share, By Type (2021 and 2028)
Figure 20. Early Phase Development Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Drug Discovery Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Pre-Clinical Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Clinical Research Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Laboratory Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Post-Approval Services: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Contract Research Organization (CRO) Market Revenue Share, By End User (2021 and 2028)
Figure 27. Pharmaceutical and Biotechnology Companies: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Medical Device Companies: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America: Contract Research Organization (CRO) Market, by Key Country – Revenue (2021) (USD Million)
Figure 30. North America Contract Research Organization (CRO) Market Revenue and Forecast to 2028 (USD Million)
Figure 31. North America: Contract Research Organization (CRO) Market, by Country, 2021 & 2028 (%)
Figure 32. US: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. Canada: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Mexico: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 35. Europe: Contract Research Organization (CRO) Market, by Key Country – Revenue (2021) (USD Million)
Figure 36. Europe Contract Research Organization (CRO) Market Revenue and Forecast to 2028 (USD Million)
Figure 37. Europe: Contract Research Organization (CRO) Market, by Country, 2021 & 2028 (%)
Figure 38. Germany: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 39. France: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 40. UK: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 41. Italy: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 42. Spain: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 43. Rest of Europe: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 44. Asia Pacific: Contract Research Organization (CRO) Market, by Key Country – Revenue (2021) (USD Million)
Figure 45. Asia Pacific Contract Research Organization (CRO) Market Revenue and Forecast to 2028 (USD Million)
Figure 46. Asia Pacific: Contract Research Organization (CRO) Market, by Country, 2021 & 2028 (%)
Figure 47. China: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 48. Japan: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 49. India: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 50. Australia: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 51. South Korea: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 52. Rest of Asia Pacific: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 53. Middle East & Africa: Contract Research Organization (CRO) Market, by Key Country – Revenue (2021) (USD Million)
Figure 54. Middle East & Africa Contract Research Organization (CRO) Market Revenue and Forecast to 2028 (USD Million)
Figure 55. Middle East & Africa: Contract Research Organization (CRO) Market, by Country, 2021 & 2028 (%)
Figure 56. Saudi Arabia: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 57. UAE: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 58. South Africa: Contract Research Organization (CRO) Market – Revenue and Forecast to 2028 (USD Million)
Figure 59. Rest of Middle East and Africa: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (USD Million)
Figure 60. South and Central America: Contract Research Organization (CRO) Market, By Key Country – Revenue (2021) (USD Million)
Figure 61. South and Central America: Contract Research Organization (CRO) Market- Revenue and Forecasts To 2028 (USD Million)
Figure 62. South and Central America: Contract Research Organization (CRO) Market Share by Country – 2021 & 2028, (%)
Figure 63. Brazil: Contract Research Organization (CRO) Market- Revenue and Forecasts To 2028 (USD Million)
Figure 64. Argentina: Contract Research Organization (CRO) Market- Revenue and Forecasts To 2028 (USD Million)
Figure 65. Rest of South and Central America: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (USD Million)
Figure 66. Impact of COVID-19 Pandemic in North American Country Markets
Figure 67. Impact of COVID-19 Pandemic on Contract Research Organization (CRO) Market in European Countries
Figure 68. Impact of COVID-19 Pandemic on Contract Research Organization (CRO) Market in Asia Pacific Countries
Figure 69. Impact Of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 70. Impact of COVID-19 Pandemic in South & Central America Market
Figure 71. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Contract Research Organization (CRO) Market
- IQVIA Inc.
- Parexel International Corporation
- Charles River Laboratories, Inc.
- ACM Global Laboratories
- Merck KGaA (Bio Reliance Corporation)
- Celerion
- Clinitude
- Laboratory Corporation of America Holdings (Covance Inc.)
- Novotech
- Icon PLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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