This report describes and evaluates the global CRO market. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2022, the forecast period.

The global CRO market reached a value of nearly $49.7 billion in 2018, having grown at a compound annual growth rate (CAGR) of 10.5% since 2014, and is expected to grow at a CAGR of 12.3% to nearly $79.0 billion by 2022.

Growth in the historic period resulted from rising costs of drug development, increased patent expirations of drugs, and growth in the biologics market. Factors that negatively affected growth in the historic period were failures in clinic trials and stringent and differing regulations. Going forward, rapidly growing biologics market, increasing demand for clinical trials of medical devices, growing demand for outsourcing services in emerging countries, expanding scope of CRO solutions through technology, increasing, and favorable regulatory environments in the developed regions, investments in research and development and increasing strategic collaborations among market players will drive growth. Factors that could hinder the growth of the CRO market in the future include a shortage of drivers and operators and government regulations.

The global CRO market is segmented by type of service into drug discovery, preclinical studies, Phase I, Phase II, Phase III, Phase IV and other Services. The drug discovery market was the largest segment of the CRO market in 2018 at 32.9%. The Phase I market is expected to be the fastest-growing segment going forward at a CAGR of 15.27%.

The global CRO market is also segmented by therapeutic area into oncology, cardiovascular disease, CNS disorder, infectious disease, metabolic disease and other therapeutic area. The oncology was the largest segment of the CRO market in 2018 at 26.0%. The metabolic disease is expected to be the fastest-growing segment going forward at a CAGR of 16.9%.

The CRO production in North America was worth $20.5 billion accounting for 41.2% of the global CRO production market in 2018. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest growing regions in the CRO production market will be Asia-Pacific and the Middle East, where growth will be at CAGRs of 17.8% and 11.2% respectively. These will be followed by Western Europe and Eastern Europe where the market is expected to grow at CAGRs of 10.0 and 9.2% respectively.

The CRO consumption in the North America was worth $22.6 billion accounting for 45.6% of the global CRO consumption market in 2018. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest growing regions in the CRO consumption market will be Asia-Pacific and the Middle East, where growth will be at CAGRs of 18.7% and 12.0% respectively. These will be followed by Western Europe and Eastern Europe where the markets are expected to grow at CAGRs of 10.9% and 10.1% respectively.

The global CRO market is relatively concentrated. The top ten competitors in the global CRO market made up 47.5% of the total market in 2018. Major players in the market include IQVIA, Laboratory Corporation Of America Holdings, Syneos Health, PRA Health Sciences and PPD.

Contract Research Organizations (CRO) Global Market Opportunities And Strategies To 2022 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global Contract Research Organizations (CRO) market.


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Description:
Where is the largest and fastest growing market for the Contract Research Organizations (CRO) market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global Contract Research Organizations (CRO) market opportunities and strategies to 2022 report from the Business Research Company answers all these questions and many more.
The report covers the following chapters

  • Executive Summary – The executive summary section of the report gives a brief overview and summary of the report
  • Report Structure – This section gives the structure of the report and the information covered in the various sections.
  • Introduction – This section gives the segmentation of the Contract Research Organizations (CRO) market by geography, by Service and by therapeutic area covered in this report.
  • Market Characteristics – The market characteristics section of the report defines and explains the Contract Research Organizations (CRO) market. This chapter includes different goods covered in the report and basic definitions.
  • Value Chain – The value chain section of the report defines and explains the preclinical and clinical trial research of drug development process.
  • Customer Information – This chapters covers recent customers’ trends/preferences in the global CRO market.
  • Trends And Strategies – This chapter describes the major trends shaping the global CRO market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
  • 6. Porter’s Five Forces Analysis – The Porter’s five Forces analysis section of the report describes the competition of the CRO market.
  • Global Market Size And Growth – This section contains the global historic (2014 – 2018) and forecast (2018 – 2022) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
  • Regional Analysis – This section contains the historic (2014 – 2018), forecast (2018 – 2022) market value and growth and market share comparison by region.
  • Segmentation – This section contains the market values (2014 - 2022) and analysis for different segments in the market.
  • Global Macro Comparison – The global Contract Research Organizations (CRO) market comparison with macro-economic factors gives the CRO market size, percentage of GDP, and average CRO market expenditure.
  • Regional Market Size and Growth – This section contains the region’s market size (2018), historic and forecast (2014 - 2022) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
  • Competitive Landscape – This section covers details on the competitive landscape of the global CRO market, estimated market shares and company profiles of the leading players.
  • Key Mergers And Acquisitions – This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
  • Conclusions And Recommendations – This section includes conclusions and recommendations based on findings of the research. This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
  • Appendix – This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.


Markets Covered:

The global CRO market is segmented into -

By Service: Drug Discovery, Preclinical Studies, phase I, Phase II, Phase III, Phase IV, Other Services

By Therapeutic Area: Oncology, Infectious Diseases, Cardiovascular Diseases, Metabolic Diseases, CNS Disorders, other Therapeutic areas

Companies Mentioned: IQVIA; Laboratory Corporation of America Holdings; Syneos Health; PRA Health Sciences; PPD

Countries: China, Japan, India, Australia, South Korea, USA, Brazil, UK, Germany, France, Spain, Italy, Russia

Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.