Global Contract Research Organization Market 2018-2025 - Market Opportunities with Growing Biosimilars and Biologics Market

DUBLIN, Sept 10, 2018 /PRNewswire/ --

The "Contract Research Organization Market to 2025 - Global Analysis and Forecasts by Type, End User and Geography" report has been added to ResearchAndMarkets.com's offering.

The CROs market is estimated to account for US$ 68,198.3 6 Mn by the end of 2025, escalating at a CAGR of 8.6% during the forecast period from 2018 to 2025, rising from US$ 35,818.9 Mn in 2017.

The rise in the number of R&D expenditures and outsourcing activities and increasing number of clinical trials are expected to fuel the growth of global CROs market. According to a report of Pharmaceutical Research and Manufacturers of America (PhRMA), the R&D expenditure of the biopharmaceutical companies has increased from US$49.6 billion 2012 to US$ 58.8 billion in 2015.

In the CROs market, the laboratory services segment is expected to the fastest growing segment in the forecast period, by type. The laboratory services rigorously collects, combines and reports trials data from different clinical sites. These laboratories are associated in conducting both analytical and bio-analytical tests for the samples in clinical trial phases and bulk manufacturing procedures. The analytical tests for clinical trial samples includes primary end point tests, safety testing, as well as secondary end point testing. The main goal of central laboratory is the consolidation of test results and data originating from different clinical trials.

Pharmaceutical & biotechnology companies held the largest share of the CROs market, by type. The CROs are specialized in conducting research in comparison to pharmaceutical companies that are indulged more in other revenue generation activities such as production, sales and marketing of the drugs or medicinal products. Thus, the CROs bring value to the pharmaceutical and biotechnology companies by saving huge infrastructure and R&D facilities costs, as well as reduce the time period required to conduct a clinical trial.

Moreover, the emerging pharmaceutical companies that do not have sufficient knowledge regarding regulatory affairs in the industry, helps them to establish a legal presence in the economy as well as industry through various services provided by CROs. Thus, the increasing number of pharmaceutical and biotechnology companies, unavailability of skilled professionals and rising demand for new therapeutics to treat various medical conditions are expected to drive the growth of this segment in CROs market, over the forecast years

Key Topics Covered:

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance

2. Global Contract Research Organization (Cro) Market - Key Takeaways

3. Global Contract Research Organization (Cro) Market - Market Landscape
3.1 Overview
3.2 Market Segmentation
3.2.1 Global Contract Research Organization (Cro) Market - by Type
3.2.2 Global Contract Research Organization (Cro) Market - by End User
3.2.3 Global Contract Research Organization (Cro) Market - by Geography
3.3 PEST Analysis

4. Global Cro'S Market - Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Increasing R&D Expenditures and Outsourcing Activities
4.1.2 Rise In the Number of Clinical Trials
4.2 Key Market Challenges
4.2.1 Dearth of Skilled Professionals
4.2.2 Extensive Competition In the Cro Services Market
4.3 Key Market Opportunities
4.3.1 Growing Biosimilars and Biologics Market
4.3.2 Increasing Demand For Specialized Testing Services
4.4 Future Trends
4.4.1 Increasing Market Consolidation
4.5 Impact Analysis

5. Contract Research Organization (Cro) Market - Global Analysis
5.1 Global Contract Research Organization (Cro) Market Revenue Forecasts and Analysis (US$ MN)
5.2 Global Contract Research Organization (Cro) Market, by Geography - Forecasts and Analysis
5.3 Market Positioning
5.4 Performance of Key Players
5.4.1 Iqvia
5.4.2 Laboratory Corporation of America Holdings
5.5 Expert Opinions

6. Contract Research Organization (Cro) Market Analysis- by Type
6.1 Overview
6.2 Global Contract Research Organization (Cro) Market, by Type 2017 & 2025 (%)
6.3 Early Phase Development Services
6.3.1 Overview
6.3.2 Global Early Phase Development Services Market Revenue and Forecasts To 2025 (US$ MN)
6.3.3 Drug Discovery Services
6.3.4 Pre-Clinical Services
6.4 Clinical Research Services
6.5 Laboratory Services
6.6 Post-Approval Services

7. Global Contract Research Organization (Cro) Market Analysis- by End User
7.1 Overview
7.2 Pharmaceutical and Biotechnology Companies
7.3 Medical Device Companies

8. North America Market Revenue and Forecasts To 2025

9. Europe Contract Research Organization (Cro) Market Revenue and Forecasts To 2025

10. Asia-Pacific Contract Research Organization (Cro) Market Revenue and Forecasts To 2025

11. Middle East & Africa Contract Research Organization (Cro) Market Revenue and Forecasts To 2025

12. South and Central America Contract Research Organization (Cro) Market Revenue and Forecasts To 2025

13. Contract Research Organization (Cro) Market -Industry Landscape
13.1 Overview
13.2 Growth Strategies In the Contract Research Organization (Cro) Market, 2015-2018
13.3 Inorganic Growth Strategies
13.3.1 Overview
13.3.2 Merger & Acquisitions
13.3.3 Collaborations
13.3.4 Partnership
13.3.5 Alliance
13.3.6 Agreement & Joint Venture
13.4 Organic Growth Strategies
13.4.1 Overview
13.4.2 Launch
13.4.3 Expansion & Relocation
13.4.4 Enhancements

14. Key Company Profiles

• IQVIA
• PAREXEL International Corporation
• Syneos Health
• Laboratory Corporation of America Holdings
• PRA Health Sciences, Inc.
• Charles River
• ICON plc
• Pharmaceutical Product Development, LLC.
• WuXi AppTec
• Medpace

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https://www.researchandmarkets.com/research/q26cqf/global_contract?w=5

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