- Global Contract Research Organisations (CROs) Market Report Forecasts 2020-2030
- Forecasts & Analysis by Service, by Application, by End-User Including Forecasts by Major Regions and Countries, Plus Profiles of Leading Companies in the Market
LONDON, March 16, 2020 /PRNewswire/ -- The new report from business intelligence provider Visiongain offers an updated outlook for the global clinical research organizations (CROs) market. Visiongain assesses that the clinical research organizations (CROs) market will generate revenues of $38.0 billion in 2020. Contract research organizations (CROs) have become essential to pharmaceutical, biotech and other medical-related industries by supporting their clients' efforts to test, refine and market the latest pharmaceuticals and medical devices through clinical trials.
The global CRO market value has grown by nearly a 9.5% compound annual growth rate (CAGR) over the past several years and is expected to reach $38 billion in 2020 and $94 billion by 2030, as specialized demand, patent expiration and proliferation of generic medications are all leading to greater outsourcing of work to CROs. Also driving the trend toward CRO outsourcing is pharmaceutical companies' (pharma companies') increasing need to reduce clinical trial costs and improve efficiencies. This in turn is increasing time-to-market urgencies for pharma companies while also leading to pricing pressures and greater margin awareness. Pharmaceutical companies are focusing on niche sector CROs to expand their knowledgebase in highly complex trial areas, and functional service provider (FSP) contracts are allowing them the ability to outsource individual services rather than entire studies or projects. This integrated Pharma-CRO partnership leads to efficiency gains and is often desirable for studies of high complexity, tight time constraints and/or broader scope.
Strong demand and increased competitiveness are facilitating mergers and partnerships to enhance larger companies' full-service capabilities and international reach. Recovery of capital markets and strong revenue potential are boosting CRO valuations, which is also increasing merger and acquisition (M&A) activity and public offerings in the industry.
Pharma pipelines are currently ripe with new-age, complex therapies that are nearing market readiness. Regenerative cell-based therapies, chimeric antigen receptor (CAR)-modified T cell therapy (CAR-T), immune-oncology combinations and innovative autoimmune therapies are just some of the new fields being studied in clinical trials across the globe. More adept use of data and analytics by pharma and CROs is leading to more appropriate patient trial selection and more adaptive trial designs. Adaptive design studies, risk-based monitoring and other flexible approaches can reduce costs while allowing adaptions as studies progress. These trends mitigate risks for pharma companies and patient pools while facilitating the pursuit of more potential therapies and enhancing the drug discovery pipeline. Correspondingly, patient receptiveness is at an all-time high. These factors are all contributing to the rapid proliferation of clinical trials in the U.S. and throughout the globe.
How this report will benefit you Read on to discover how you can exploit the future business opportunities emerging in the clinical research organizations (CROs) sector. Visiongain's new study tells you and tells you NOW.
In this brand-new report, you will receive 214 in-depth tables, charts and graphs– all unavailable elsewhere.
The 215-page report provides clear detailed insight into the global clinical research organizations (CROs) market. It reveals the key drivers and challenges affecting the market.
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• Global clinical research organizations (CROs) market forecasts from 2020-2030
• Regional clinical research organizations (CROs) market forecasts from 2020-2030 covering – North America – South America – Western Europe – Eastern Europe – Asia-Pacific – Middle East and Africa
• Country level clinical research organizations (CROs) forecasts from 2020-2030 covering – US – Canada – Mexico – UK – Germany – Japan – Brazil – India – RoW
• Clinical Research Organizations (CROs) submarket forecasts from 2020-2030 covering services – Drug Discovery – Pre-Clinical & Clinical – Laboratory Services – Other Service
• Clinical Research Organizations (CROs) submarket forecasts from 2020-2030 covering Application – Cardiology – Infectious Disease – Oncology – Metabolic Disorders – Other Applications
• Clinical Research Organizations (CROs) submarket forecasts from 2020-2030 covering End-Users – Pharmaceutical & Biotechnological Companies – Academic & Research Institutes
• Analysis of the key factors driving growth in the global, regional and country level clinical research organizations (CROs) markets from 2020-2030
Profiles and competitive positioning map of the leading 10 clinical research organizations (CROs) companies • Charles River Laboratories • Frontage Laboratories, Inc., • Icon Plc • Syneos Health, Inc. (Inc Research/Inventive Health) • LabCorp/Covance • Parexel • Pharmaceutical Product Development • PRA Health Services • Quintiles • WuXiAppTec
How will you benefit from this report? • This report will keep your clinical research organizations (CROs) knowledge base up to speed. Don't get left behind • This report will reinforce strategic decision decision-making based upon definitive and reliable market data • You will learn how to exploit new clinical research organizations (CROs) technological trends • You will be able to realise your company's full potential within the market • You will better understand the competitive landscape and identify potential new business opportunities & partnerships
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Companies Profiles Charles River Laboratories Frontage Laboratories, Inc., Icon Plc Syneos Health, Inc. (Inc Research/Inventive Health) LabCorp/Covance Parexel Pharmaceutical Product Development PRA Health Services Quintiles WuXiAppTec
Other Companies 4Clinics Aagami Absorption Systems Accelsiors ACI Clinical Actimus Bio Advanced BioScience Laboratories Advanced Clinical Research Institute Agilent Albuquerque Clinical Trials (ACT) AlcheraBio Allphase Clinical Research Amarex Clinical Research APCER Life Sciences Applied Healthcare Resource Management (AHRM) ArisGloba At Clinical Systems Avail Clinical Research Axio Research AXON Universal Research Group BBK Bio Reliance Corporation BioFortis BioRASI Clinical Research Biotrial Boston MedTech Advisors Bradstreet Clinical Research Burleson Research Technologies (BRT) Cambridge Biomedical CATO Research Celerion Clinical Research Management Group Clinical Supplies Management Holdings Clinipace A10 Clinical Solutions ABF Pharmaceutical Services Accell Clinical Research Accumedix, Inc ACM Global Laboratories Acurian Advanced Clinical Research (ACR) Advanced Clinical Services LLC Akos Urgent Care Alcami Alliance for Clinical Trials in Oncology AlphaGenesis Incorporated (AGI) Anabase Applied Biosystems Aptuit ARS Clinical Trials Aurum Clinical Research Avitacor AXIS Clinicals Axon Medchem BASi Bio Analytical Research Corporation (BARC) BioClinica BioPharma Services Inc Biostat International Blue Sky BioServices Bracket Bright Pharmaceutical Services Camargo Pharmaceutical Services Catalent CCS Associates Clinical Research Consulting, Inc. Clinical Site Services (CSS) Clinilabs CliniRx Advanced Clinical Services LLC Aptuit Astron Research BioClinica Bracket Chembiotech Laboratories Clinlogix Cmed CrownBio Ergomed hVIVO OPIS Pharm-Olam Pharmalys Premier Research Progressive Life Sciences RenaSci RTI Health Solutions Simbec Research Solicitors Regulation Authority Synteract The Clinical Trial Company Theradex Venn Life Sciences ZEINCRO Applied Healthcare Resource Management (AHRM) ArisGloba AXON Biotrial Celerion Clinical Site Services (CSS) ClinTec International Congenix Cyprotex Limited ERT MAPI Orphan Reach Pharmaceutical Development Services PharSafer PrimeVigilance Quanticate Richmond Pharmacology Selcia Smithers Viscient Source BioScience Limited TAKE Solutions The Smerud Medical Research Group Transcom Global Veristat