Title: Research Report on Contract Research Organizations Market 2023
1Contract Research Organizations Market Global
Industry Analysis, Trends, Market Size and
Forecasts up to 2023
2A latest report has been added to the wide
database of Contract Research Organizations
Market by Infinium Global Research. This report
studies the Contract Research Organizations
Market by therapeutic area (cardiac, central
nervous system, oncology, and infectious
diseases), end-user (early-stage development
services and last-stage development services)
market status and outlook of global and major
regions, from manufacturers, and end industries.
The objective of the study is to identify market
sizes of different segments countries in
recent years and to forecast the values
for the next six years. Contract Research
Organizations Market provides opportunities in
micro markets for stakeholders to invest along
with the detailed analysis of competitive
landscape, latest trends, and product offerings
of the major companies in the Contract Research
Organizations Market. According to report the
global contract research organizations market is
projected to grow at a CAGR of 7.5 over the
forecast period of 2017-2023. Contract research
organizations (CROs) provide research and
development (RD) services to pharmaceutical,
biotechnology companies as well as various
government institutions, foundations and
universities on a contract basis. During
the recent years, many pharmaceutical and
biotechnology companies have become increasingly
reliant on CROs and other contract research
service providers to conduct their RD
operations. CROs have started offering services
to their vendors for all phases of RD like
pre-clinical services, clinical trials and
post-clinical trial services. Outsourcing RD
operations to CROs allows these companies
to focus on their core activities such as
sales, marketing, product management, etc. It
also helps them to increase their capability for
in-house regulatory services, clinical data
management, pharma-covigilance, biostatistics,
etc. Pharmaceutical companies outsource their RD
services to CROs for various benefits, in
which some of the key benefits for them
include access to capabilities which is not
found in-house, increase their global research
and operations, improve quality with
cost-efficient resource utilization, access to
innovation and achieve timely availability of
product into the market. Market Insights The
major driving factors for the growth of global
CRO market include pricing pressures in the
healthcare markets, the need for RD
productivity, large number of patent
expirations and stringent regulatory policies
for the drug approvals. In addition,
increased outsourcing RD activities by
pharmaceutical companies are one of the major
driving factors for this market. Apart from these
the other driviYg faÐtors for this warket
iYÐlude, ÐowpaYys visioY to foÐus oY their Ðore
dusiYess aÐtivities aYd to aÐhieve Ðost
efficiency in their business operations. Despite
the existence of these drivers, the market for
CROs is facing some serious challenges that might
hamper the growth of this market. Some of
the challenges of this market include
stringent regulatory compliance for product
approvals, shortage of experienced professionals
to conduct RD activities and large number of
product recalls from the market due to
3serious complications of the newly approved drug
molecules. Though the global CRO market is facing
various challenges, it is expected to grow a
healthy growth rate during the forecast period
owing to increase in MA activities among the
companies, increase in RD investment by various
companies, establishment of large number of
clinical trial outsourcing organizations in
emerging markets and increase in private equity
investment particularly for RD
activities. Segment Covered The report on global
CROs market covers segments such as, therapeutic
area and end-user. On the basis of therapeutic
area the global contract research organizations
market is categorized into cardiac, central
nervous system, oncology, infectious diseases and
others. On the basis of end-user the global
contract research organizations market is
categorized into early-stage development services
and last-stage development services. Geographic
Coverage The report provides regional analysis
covering geographies such as North America,
Europe, Asia-Pacific, and Rest of the World. In
this section the key trends and market size for
each geography is provided over the period of
2015-2023. The countries covered in the North
America region include the U.S., Canada, and
Mexico while Asia-Pacific includes China, Japan,
India, South Korea, Malaysia, and among others.
Moreover, Germany, U.K., France, Spain, and Rest
of Europe are included in the European region.
The U.S. drives the growth in the North America
region as it is the largest market in the region.
The Asia-pacific region offers a substantial
potential for the market growth owing to rapid
growth in markets such as India and China. The
APAC region is projected to experience a growth
at a CAGR of x.x over the period of
2017-2023. Companies Profiled The report
provides profiles of the companies in the
global CROs market such as, Covance Inc.,
PAREXEL International Corp., PRA Health
Sciences, PPD, PetSmart Inc., PETCO Animal
Supplies Inc., INC Research, Lab Corporations and
QuintilesIMS (IQVIA). Make an Enquiry
https//www.infiniumglobalresearch.com/reports/enq
uiry/101
4- Report Highlights
- The report provides deep insights on demand
forecasts, market trends and micro and
macro indicators. In addition, this report - provides insights on the factors that are driving
and restraining the global CROs market. Moreover,
IGR-Growth Matrix analysis given in the report
brings an insight on the investment areas that
existing or new market players can consider. The
report provides insights into the market using
analytical tools such as Porter's five forces
analysis and DRO analysis of CROs market.
Moreover, the study highlights current market
trends and provides forecast from 2017-2023. We
also have highlighted future trends in the CROs
market that will impact the demand during the
forecast period. Moreover, the competitive
analysis given in each regional market brings an
insight on the market share of the leading
players. This report will help
manufacturers, suppliers and distributors of
the CROs market to understand the present and
future trends in this market and formulate their
strategies accordingly. - Get a Sample Request https//www.infiniumglobalres
earch.com/reports/sample_request/101 - Table of Contents-
- Preface
- Report Description
- Research Methods
- Research Approaches
- Executive Summary
- Global Contract Research Organizations Market
Overview
5- Drivers
- Restraints
- Opportunities
- Porter's Five Forces Analysis
- IGR-Growth Matrix Analysis
- Competitive Landscape in the Global Contract
Research Organizations Market - Global Contract Research Organizations Market by
Therapeutic Area - Cardiac
- Central Nervous System
- Oncology
6- Global Contract Research Organizations Market by
Region 2017-2023 - North America
- North America Contract Research Organizations
Market by Therapeutic Area - North America Contract Research Organizations
Market by End-user - North America Contract Research Organizations
Market by Country - Europe
- Europe Contract Research Organizations Market by
Therapeutic Area - Europe Contract Research Organizations Market by
End-user - Europe Contract Research Organizations Market by
Country - Asia-Pacific
7- RoW Contract Research Organizations Market by
End-user - RoW Contract Research Organizations Market by
Sub-region - Company Covered
- Covance Inc.
- Parexel International Corp.
- PRA Health Sciences
- PPD
- Petsmart Inc.
- Petco Animal Supplies Inc.
- INC Research