Contract Research Organization (CRO) Market Size, Top Players, and Forecast by 2028
Contract Research Organization (CRO) Market: Strategic Insights
Contract Research Organization (CRO) Market
-
CAGR (2021 - 2028)8.5% -
Market Size 2021
US$ 50.09 Billion -
Market Size 2028
US$ 88.84 Billion
Market Dynamics
GROWTH DRIVERS
- Outsourcing in clinical trials
- Cost-effectiveness for pharma companies
FUTURE TRENDS
- Expansion in specialized services
- Rise in biotech investments
OPPORTUNITIES
- Growth in drug development
- Demand for specialized oncology trials
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Early Phase Development Services
- Clinical Research Services
- Laboratory Services
- Post-Approval Services
End User
- Pharmaceutical & Biotechnology Companies and Medical Device Companies