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Global Contract Research Organization Market By Type ( Preclinical, Discovery, Others), By Therapeutic Area (Oncology, Diabetics, Others), By End User (Institutes, Medical Device Companies), By Region–Forecast & Opportunities to 2026

Report Description

The contract research organization services market valued USD 39.2 billion in 2019. The CROs market is projected to grow at a CAGR of 4.8% during the forecast period of 2020-2026.

COVID19 has impacted all the business across the globe. Everyone’s main concern right now is corona virus. The pharmaceuticals industries are majorly focusing on developing either a treatment or a vaccine for this virus. Covid19 has up lifted the CROs market size and expected to have largest business as the governments in many regions are supporting this highly. Covid19 doesn’t impacted CROs market negatively. This market will continue to grow and register growth.

Definition:

The CROs is defined as a service organization which provides support to pharmaceuticals and biotechnology industries in the form of outsourced research services for pharmaceuticals. CROs are also known as clinical research organizations. It includes services such as large organization services, international full services organization, small organization services and specialty groups. The CROs help a business in moving a product from it conceptual stage to FDA approval.

Market Dynamics (Drivers/Opportunities):

The demand for outsourcing research and development activities is increasing by pharmaceutical companies in the market is the major factor driving the contract research organization services. The demand for CROs is rising highly in many regions such as Europe, Asia-Pacific and North America.

The number of clinical trials are also increasing which also driving the CROs factor. These clinical trials are increasing due to rise in number of cancer cases worldwide. Cancer is declared as second largest cause of death worldwide.

The companies are trying their best to reduce expenditure in research & development department as a consequence the CROs market is growing. Outsourced clinical research also helps in reducing operational cost. Hence, drives the CROs market.

Market Insights, by Type

Based on type the, the CROs market has been segmented into chemical manufacturing & control, preclinical, laboratory services, discovery, data management services, consulting services and clinical research. Clinical research segment is accounted for maximum market share in 2019. The population is growing immensely and along with population the chronic diseases are also growing. The immensely growing acceptance of evidence based medicine and development of new drug driving this segment in CROs. The clinical research segment it expected to maintain its leading position during the forecast period.

Market Insights, by Therapeutic Area

On the basis of therapeutic areas, the CROs have been segmented into oncology, Central nervous system, cardiovascular, respiratory, infectious diseases, diabetics, autoimmune disorders and others. The oncology accounted for largest market share in 2019 in CRO services. The rising prevalence of cancer across the globe and rising clinical trials has leaded the oncology segment to witness highest growth in CRO services.

Market Insights, by End-User

Based on end-user, the CRO services market has been segmented into Academic institutes, pharmaceutical & biopharmaceutical companies and medical device companies. The Pharmaceutical & biopharmaceutical companies are expected to register growth at highest CAGR during the forecast period. The rise in outsourcing of early phase development services along with laboratory and clinical testing has given a boost to this segment. This has reduced expenditure and time duration required for the validation of product.

Regional Insights

North America has accounted for maximum market share in 2019 and it is estimated to continue its dominance in the market. North America region is expected to register growth at highest CAGR during the forecast period. The rapid growth of biologics & biosimilars market, high-quality standards, increased clinical trials are some key drivers of CROs market in this region. North America registered highest market share in 2019 followed by Europe and Asia-Pacific.

Key Companies & Market Share Insights

 

The key market players are Laboratory Corporation of America holdings, Quintilesims, Parexel International Corporation, Pharmaceutical Product development, Inc Research LLc, PRA Health Science Inc., Icon Plc., IQVIA, PPD, Charles River, WuXi App Tech, SGS, Medplace and Syneos heath.

Many key players are companies are focusing on partnership and acquisition to strengthen their market position and profit. CRO dominates by IQVIA due to its strong foothold, client relationship, services capabilities and technical capabilities.

 

Segments Covered in the Report

This report forecasts The Global Contract Research Organizations Services Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2026. For the purpose of this study, Our Company has segmented the CROs market report on the basis of type, therapeutic area, and end-User

Contract Research Organization Services Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Contract Research Organization Services Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Chemical Manufacturing & Control
  • Preclinical
  • Laboratory Services
  • Discovery
  • Data Management Services
  • Consulting Services
  • Clinical research
  1. Contract Research Organization Services Market, By Therapeutic Area, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Oncology
  • Central Nervous System
  • Cardiovascular
  • Respiratory
  • Infectious Diseases
  • Diabetics
  • Autoimmune Disorders
  • Others
  1. Contract Research Organization Services Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Academic Institute
  • Pharmaceutical & Biopharmaceutical Companies
  • Medical Device Companies
  1. Contract Research Organization Services Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Therapeutic Area
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Therapeutic Area
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Therapeutic Area
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Therapeutic Area
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Therapeutic Area
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Syneos heath
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Laboratory Corporation of America holdings
    • Quintilesims
    • Parexel International Corporation
    • Pharmaceutical Product development
    • Inc Research LLc
    • PRA Health Science Inc.
    • Icon Plc.
    • IQVIA
    • PPD
    • Charles River
    • WuXi App Tech,
    • SGS
    • Medplace
  2. Appendix
    • Interrelated Market

 

 

Q Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face 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: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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