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CROs Services-Global Market Insights and Sales Trends 2024
Synopsis
Contract research organization (CRO) provide clinical trial and other research support services for the pharmaceutical, biotechnology, medical device industries and also serve government institutions, foundations and universities.
The global CROs Services market size is expected to reach US$ 143900 million by 2029, growing at a CAGR of 9.6% from 2023 to 2029. The market is mainly driven by the significant applications of CROs Services in various end use industries. The expanding demands from the Pre-clinical, Clinical I-Ⅲ and Other, are propelling CROs Services market. Full-Service CRO, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Functional Service Provision CRO segment is estimated at % CAGR for the next seven-year period.
The contract research organizations (CRO) services market is experiencing significant growth due to various factors. Factors such as increasing outsourcing of clinical trials by pharmaceutical and biotechnology companies, rising demand for specialized services, and the need for cost-effective drug development are driving market expansion. CROs offer a wide range of services, including clinical trial management, data management, regulatory affairs, and pharmacovigilance, providing expertise and operational support to clients. Additionally, advancements in technology and the growing complexity of clinical research further contribute to market growth. Moreover, the global expansion of clinical trials and the rising focus on personalized medicine fuel the demand for CRO services. However, factors such as stringent regulatory requirements and challenges in data quality management may pose hurdles to market growth.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for CROs Services, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global CROs Services market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global CROs Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CROs Services sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of CROs Services covered in this report include IQVIA, Labcorp, Syneos Health, PPD, ICON, PRA, Parexel, Medpace and Wuxi Apptec, etc.
The global CROs Services market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
IQVIA
Labcorp
Syneos Health
PPD
ICON
PRA
Parexel
Medpace
Wuxi Apptec
EPS International
Worldwide Clinical Trials
CMIC
Premier Research
Courante Oncology
PROMETRIKA
Charles River Laboratories International Inc (CRL)
Hangzhou Tigermed
Clinipace
PSI CRO
Pierrel Research
Global CROs Services market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global CROs Services market, Segment by Type:
Full-Service CRO
Functional Service Provision CRO
Global CROs Services market, by Application
Pre-clinical
Clinical I-Ⅲ
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of CROs Services companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Contract research organization (CRO) provide clinical trial and other research support services for the pharmaceutical, biotechnology, medical device industries and also serve government institutions, foundations and universities.
The global CROs Services market size is expected to reach US$ 143900 million by 2029, growing at a CAGR of 9.6% from 2023 to 2029. The market is mainly driven by the significant applications of CROs Services in various end use industries. The expanding demands from the Pre-clinical, Clinical I-Ⅲ and Other, are propelling CROs Services market. Full-Service CRO, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Functional Service Provision CRO segment is estimated at % CAGR for the next seven-year period.
The contract research organizations (CRO) services market is experiencing significant growth due to various factors. Factors such as increasing outsourcing of clinical trials by pharmaceutical and biotechnology companies, rising demand for specialized services, and the need for cost-effective drug development are driving market expansion. CROs offer a wide range of services, including clinical trial management, data management, regulatory affairs, and pharmacovigilance, providing expertise and operational support to clients. Additionally, advancements in technology and the growing complexity of clinical research further contribute to market growth. Moreover, the global expansion of clinical trials and the rising focus on personalized medicine fuel the demand for CRO services. However, factors such as stringent regulatory requirements and challenges in data quality management may pose hurdles to market growth.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for CROs Services, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global CROs Services market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global CROs Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CROs Services sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of CROs Services covered in this report include IQVIA, Labcorp, Syneos Health, PPD, ICON, PRA, Parexel, Medpace and Wuxi Apptec, etc.
The global CROs Services market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
IQVIA
Labcorp
Syneos Health
PPD
ICON
PRA
Parexel
Medpace
Wuxi Apptec
EPS International
Worldwide Clinical Trials
CMIC
Premier Research
Courante Oncology
PROMETRIKA
Charles River Laboratories International Inc (CRL)
Hangzhou Tigermed
Clinipace
PSI CRO
Pierrel Research
Global CROs Services market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global CROs Services market, Segment by Type:
Full-Service CRO
Functional Service Provision CRO
Global CROs Services market, by Application
Pre-clinical
Clinical I-Ⅲ
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of CROs Services companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of CROs Services
1.1 CROs Services Market Overview
1.1.1 CROs Services Product Scope
1.1.2 CROs Services Market Status and Outlook
1.2 Global CROs Services Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global CROs Services Market Size by Region (2018-2029)
1.4 Global CROs Services Historic Market Size by Region (2018-2023)
1.5 Global CROs Services Market Size Forecast by Region (2024-2029)
1.6 Key Regions, CROs Services Market Size (2018-2029)
1.6.1 North America CROs Services Market Size (2018-2029)
1.6.2 Europe CROs Services Market Size (2018-2029)
1.6.3 Asia-Pacific CROs Services Market Size (2018-2029)
1.6.4 Latin America CROs Services Market Size (2018-2029)
1.6.5 Middle East & Africa CROs Services Market Size (2018-2029)
2 CROs Services Market by Type
2.1 Introduction
2.1.1 Full-Service CRO
2.1.2 Functional Service Provision CRO
2.2 Global CROs Services Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global CROs Services Historic Market Size by Type (2018-2023)
2.2.2 Global CROs Services Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America CROs Services Revenue Breakdown by Type (2018-2029)
2.3.2 Europe CROs Services Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific CROs Services Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America CROs Services Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa CROs Services Revenue Breakdown by Type (2018-2029)
3 CROs Services Market Overview by Application
3.1 Introduction
3.1.1 Pre-clinical
3.1.2 Clinical I-Ⅲ
3.1.3 Other
3.2 Global CROs Services Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global CROs Services Historic Market Size by Application (2018-2023)
3.2.2 Global CROs Services Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America CROs Services Revenue Breakdown by Application (2018-2029)
3.3.2 Europe CROs Services Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific CROs Services Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America CROs Services Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa CROs Services Revenue Breakdown by Application (2018-2029)
4 CROs Services Competition Analysis by Players
4.1 Global CROs Services Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in CROs Services as of 2022)
4.3 Date of Key Players Enter into CROs Services Market
4.4 Global Top Players CROs Services Headquarters and Area Served
4.5 Key Players CROs Services Product Solution and Service
4.6 Competitive Status
4.6.1 CROs Services Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 IQVIA
5.1.1 IQVIA Profile
5.1.2 IQVIA Main Business
5.1.3 IQVIA CROs Services Products, Services and Solutions
5.1.4 IQVIA CROs Services Revenue (US$ Million) & (2018-2023)
5.1.5 IQVIA Recent Developments
5.2 Labcorp
5.2.1 Labcorp Profile
5.2.2 Labcorp Main Business
5.2.3 Labcorp CROs Services Products, Services and Solutions
5.2.4 Labcorp CROs Services Revenue (US$ Million) & (2018-2023)
5.2.5 Labcorp Recent Developments
5.3 Syneos Health
5.3.1 Syneos Health Profile
5.3.2 Syneos Health Main Business
5.3.3 Syneos Health CROs Services Products, Services and Solutions
5.3.4 Syneos Health CROs Services Revenue (US$ Million) & (2018-2023)
5.3.5 PPD Recent Developments
5.4 PPD
5.4.1 PPD Profile
5.4.2 PPD Main Business
5.4.3 PPD CROs Services Products, Services and Solutions
5.4.4 PPD CROs Services Revenue (US$ Million) & (2018-2023)
5.4.5 PPD Recent Developments
5.5 ICON
5.5.1 ICON Profile
5.5.2 ICON Main Business
5.5.3 ICON CROs Services Products, Services and Solutions
5.5.4 ICON CROs Services Revenue (US$ Million) & (2018-2023)
5.5.5 ICON Recent Developments
5.6 PRA
5.6.1 PRA Profile
5.6.2 PRA Main Business
5.6.3 PRA CROs Services Products, Services and Solutions
5.6.4 PRA CROs Services Revenue (US$ Million) & (2018-2023)
5.6.5 PRA Recent Developments
5.7 Parexel
5.7.1 Parexel Profile
5.7.2 Parexel Main Business
5.7.3 Parexel CROs Services Products, Services and Solutions
5.7.4 Parexel CROs Services Revenue (US$ Million) & (2018-2023)
5.7.5 Parexel Recent Developments
5.8 Medpace
5.8.1 Medpace Profile
5.8.2 Medpace Main Business
5.8.3 Medpace CROs Services Products, Services and Solutions
5.8.4 Medpace CROs Services Revenue (US$ Million) & (2018-2023)
5.8.5 Medpace Recent Developments
5.9 Wuxi Apptec
5.9.1 Wuxi Apptec Profile
5.9.2 Wuxi Apptec Main Business
5.9.3 Wuxi Apptec CROs Services Products, Services and Solutions
5.9.4 Wuxi Apptec CROs Services Revenue (US$ Million) & (2018-2023)
5.9.5 Wuxi Apptec Recent Developments
5.10 EPS International
5.10.1 EPS International Profile
5.10.2 EPS International Main Business
5.10.3 EPS International CROs Services Products, Services and Solutions
5.10.4 EPS International CROs Services Revenue (US$ Million) & (2018-2023)
5.10.5 EPS International Recent Developments
5.11 Worldwide Clinical Trials
5.11.1 Worldwide Clinical Trials Profile
5.11.2 Worldwide Clinical Trials Main Business
5.11.3 Worldwide Clinical Trials CROs Services Products, Services and Solutions
5.11.4 Worldwide Clinical Trials CROs Services Revenue (US$ Million) & (2018-2023)
5.11.5 Worldwide Clinical Trials Recent Developments
5.12 CMIC
5.12.1 CMIC Profile
5.12.2 CMIC Main Business
5.12.3 CMIC CROs Services Products, Services and Solutions
5.12.4 CMIC CROs Services Revenue (US$ Million) & (2018-2023)
5.12.5 CMIC Recent Developments
5.13 Premier Research
5.13.1 Premier Research Profile
5.13.2 Premier Research Main Business
5.13.3 Premier Research CROs Services Products, Services and Solutions
5.13.4 Premier Research CROs Services Revenue (US$ Million) & (2018-2023)
5.13.5 Premier Research Recent Developments
5.14 Courante Oncology
5.14.1 Courante Oncology Profile
5.14.2 Courante Oncology Main Business
5.14.3 Courante Oncology CROs Services Products, Services and Solutions
5.14.4 Courante Oncology CROs Services Revenue (US$ Million) & (2018-2023)
5.14.5 Courante Oncology Recent Developments
5.15 PROMETRIKA
5.15.1 PROMETRIKA Profile
5.15.2 PROMETRIKA Main Business
5.15.3 PROMETRIKA CROs Services Products, Services and Solutions
5.15.4 PROMETRIKA CROs Services Revenue (US$ Million) & (2018-2023)
5.15.5 PROMETRIKA Recent Developments
5.16 Charles River Laboratories International Inc (CRL)
5.16.1 Charles River Laboratories International Inc (CRL) Profile
5.16.2 Charles River Laboratories International Inc (CRL) Main Business
5.16.3 Charles River Laboratories International Inc (CRL) CROs Services Products, Services and Solutions
5.16.4 Charles River Laboratories International Inc (CRL) CROs Services Revenue (US$ Million) & (2018-2023)
5.16.5 Charles River Laboratories International Inc (CRL) Recent Developments
5.17 Hangzhou Tigermed
5.17.1 Hangzhou Tigermed Profile
5.17.2 Hangzhou Tigermed Main Business
5.17.3 Hangzhou Tigermed CROs Services Products, Services and Solutions
5.17.4 Hangzhou Tigermed CROs Services Revenue (US$ Million) & (2018-2023)
5.17.5 Hangzhou Tigermed Recent Developments
5.18 Clinipace
5.18.1 Clinipace Profile
5.18.2 Clinipace Main Business
5.18.3 Clinipace CROs Services Products, Services and Solutions
5.18.4 Clinipace CROs Services Revenue (US$ Million) & (2018-2023)
5.18.5 Clinipace Recent Developments
5.19 PSI CRO
5.19.1 PSI CRO Profile
5.19.2 PSI CRO Main Business
5.19.3 PSI CRO CROs Services Products, Services and Solutions
5.19.4 PSI CRO CROs Services Revenue (US$ Million) & (2018-2023)
5.19.5 PSI CRO Recent Developments
5.20 Pierrel Research
5.20.1 Pierrel Research Profile
5.20.2 Pierrel Research Main Business
5.20.3 Pierrel Research CROs Services Products, Services and Solutions
5.20.4 Pierrel Research CROs Services Revenue (US$ Million) & (2018-2023)
5.20.5 Pierrel Research Recent Developments
6 North America
6.1 North America CROs Services Market Size by Country (2018-2029)
6.2 the United States
6.3 Canada
7 Europe
7.1 Europe CROs Services Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific CROs Services Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America CROs Services Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa CROs Services Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 CROs Services Market Dynamics
11.1 CROs Services Industry Trends
11.2 CROs Services Market Drivers
11.3 CROs Services Market Challenges
11.4 CROs Services Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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