The global contract research organization (CRO) services market size is expected to reach USD 107.88 billion by 2028, growing at a CAGR of 11% from 2021 to 2028. The contract research organization (CRO) services market report contract research organization (CRO) provides details on industry size, trends and market. growth rate within the industry. It also provides insights on key market drivers and key challenges facing the industry. Every aspect of the market is analyzed to give you an in-depth insight into what will happen in the future for that particular area, according to the data provided in this report. The report can help to understand the capacity of the market by marking the demands, its advantages and limitations, the growth factors. This data helps to find the strength of competitive advantage locally and globally.
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Some of the major contract research organization (CRO) services players with high market share include Laboratory Corporation of America Holdings (Covance), Charles River Laboratories, Inc, Pharmaceutical Product Development Inc, and IQVIA Holdings Inc. These players use developing and expanding new products as a key strategy to gain significant market share to compete with market leaders.
The Contract Research Organization (CRO) Services Market report gives in-depth information about the company expertise and past performance. It tells you how much market share the company has gained over time, giving you a clear picture of the strength of this industry in general and the type of wealth associated with it. Each character in a market report is regularly updated with analytical skills to better read that market. The report also includes the risks associated with marketing in such a delicate industry. In its report, the companies also present advice for future planning of business expansion accordingly.
The key players profiled in the report are:
- Laboratory Corporation of America Holdings (Covance)
- Charles River Laboratories, Inc.
- Pharmaceutical Product Development Inc.
- IQVIA Holdings Inc.
- PAREXEL International Corporation
- SA ICON
- Syneos Health, Inc.
- Medpace Holdings, Inc.
- Evotec SA
Today’s business environment is competitive, with companies needing to take advantage of new technologies and market opportunities as they arise. The recently published research report on Global Contract Research Organization (CRO) Services Market by Evolve Business Intelligence examines the industry in the context of prevailing market aspects, including market size and forecast, market shares in terms of revenue and volume, key players and SWOT analysis. The sum total of these sections will enlighten you on how you can address potential threats and explore potential opportunities for future growth. The qualitative analysis includes our actual findings from this research study where we have provided additional insights on what our readers can do to seize new opportunities or plan against threats that may hamper the market.
The recent outbreak of a COVID-19 virus has led to severe supply chain disruptions, which, among other things, are slowing business and consumer spending. Travel restrictions and social distancing measures have slowed both purchases of goods and the creation of new products – so this decline is expected to continue for some time. However, there are some encouraging signs that things could return to normal sooner than expected.
The new normal
After the COVID-19 pandemic hit businesses left and right, they had to shift their priorities in order to stay in business! During this time, they have been forced to take actions they never thought they would have to, such as moving potential dangers that could befall them or their business. Now that a cure is in place, we hope more companies will leverage a new mindset that promotes safety on an equal footing to make tomorrow a better day.
In terms of the impact of COVID 19, the Contract Research Organization (CRO) Services Market report also includes the following data points:
- Impact of COVID19 on Contract Research Organization (CRO) Services Market Size
- End user/industry/application trend and preferences
- Government policies/regulatory framework
- Strategy of key actors to fight against negative impacts / post-COVID strategies
- Opportunity in the Contract Research Organization (CRO) Services Market
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Market segment by kind of service with an emphasis on the market share, consumption trend and growth rate of the CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) market:
- Early Stage Development Services
- Discovery Service
- Chemistry, Manufacturing and Control (CMC)
- Preclinical services
- Pharmacokinetics/Pharmacodynamics (PK/PD)
- Toxicology Services
- Clinical Research Service
- Phase I
- Phase II
- Phase III
- Stage IV
- Laboratory services
- Bioanalytical Testing Services
- Analytical Testing Services
- Physical characterization
- Raw material testing
- Batch release test
- Stability test
Regulatory advisory services
Market segment by Therapeutic area with an emphasis on the market share, consumption trend and growth rate of the CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) market:
- Clinical pharmacology
- Infectious disease
- Gastroenterology and hepatology
Market segment by Final user with an emphasis on the market share, consumption trend and growth rate of the CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) market:
- Pharmaceutical and biopharmaceutical companies
- Medical device companies
- University institutes
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Key region/countries covered
- North America (United States, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, Evolve Business Intelligence, India, Japan, South Korea, Rest of Asia-Pacific)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of MEA)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
The Asia-Pacific region is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period.
Reasons to buy this report:
- Understand the impact of market forces on your products/services
- Competitive intelligence to understand the ecosystem and its needs
- Understand the Total Addressable Market (TAM) for your product
- Understand the main pockets of investment/new business opportunities for your product
- Facilitate business expansion strategy planning
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