Healthcare contract research organization (CRO) provides support and services as biologic assay development, clinical research, commercialization, preclinical research, clinical trials management and biopharmaceutical development to biotechnology
, pharmaceutical and medical device industries. Healthcare contract research organization helps in improvement of people by offering professional and high quality service solutions. The report provides analysis of global healthcare contract research organization (CRO) market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. The global healthcare contract research organization (CRO) market is anticipated to grow at considerable CAGR above 6.5% over the forecast period and reach US$ 54.82 Bn by 2026.
||Healthcare Contract Research Organization (CRO) Market
||2016 - 2026
||2019 - 2026
||By Product, By Service and By Geography
||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Key Companies Profiled
||Laboratory Corporation of America Holdings, PRA Health Sciences, Charles River Laboratories, Inc., Pharmaceutical Product Development, LLC, Quintiles IMS Holdings, Inc., PAREXEL International Corporation, inVentiv Health, Inc. and ICON plc.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
||10 hrs of free customization and expert consultation
With expanding number of organizations to recognize biologics and new mixes, and growing R&D costs, medicate creators and support organizations are feeling the squeeze to supplant income misfortune explicitly because of generics. This has further made drug development more complex expensive and hence augmenting the market growth. In various countries due to complex regulatory framework for drug discovery and development, the need for expertise for drug development is increasing, thereby boosting the demand for outsourcing services. With growing privatization of clinical trials, the outsourcing of manufacturing processes is increasing in developing countries.
Moreover, increasing pressure on industry players to follow rigorous regulations as well as timelines is supplementing the demand for outsourcing of research activities. Government organizations are also outsourcing their clinical trials to various contract research organizations for required infrastructure and expertise. Healthcare CROs’ are enhancing their portfolio by integrating services with advanced technology in order to deliver desired and efficient results to clients. However, lack of skilled research professionals may hinder the growth of the overall market.
Market by Product
- Drug Discovery
- Target validation
- Lead identification
- Lead optimization
- Phase I Trial Services
- Phase II Trial Services
- Phase III Trial Services
- Phase IV Trial Services
Market by Service
- Project Management/Clinical Supply Management
- Data Management
- Regulatory/Medical Affairs
- Medical Writing
- Clinical Monitoring
- Quality Management/ Assurance
- Investigator Payments
- Patient and site Recruitment
Market by Geography
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
The market research study on “Healthcare Contract Research Organization (CRO) Market (By Product - Drug Discovery, Pre-Clinical, Clinical; By Service - Project Management/Clinical Supply Management, Data Management, Regulatory/Medical Affairs, Medical Writing, Clinical Monitoring, Quality Management/ Assurance, Bio-statistics, Investigator Payments, Laboratory, Patient and site Recruitment, Technology, Others) Global Industry Size, Share, Trends and Forecast 2018 - 2026” offers a detailed insights on global healthcare contract research organization (CRO)market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global healthcare contract research organization (CRO)market by type, service and major geographic regions. The report also covers basic healthcare development policies. Secondly, the report covers global healthcare contract research organization (CRO) market size and segment markets by type, service and geography along with the information on companies operating in the market.
The company profiling of key players in the global healthcare contract research organization (CRO) market includes company overview, major business strategies and revenues. The key players of the market are Laboratory Corporation of America Holdings, PRA Health Sciences, Charles River Laboratories, Inc., Pharmaceutical Product Development, LLC, Quintiles IMS Holdings, Inc., PAREXEL International Corporation, inVentiv Health, Inc. and ICON plc.