Contract Research Organization (CROs) Services Market - Trends Forecast Till 2028

Contract Research Organization (CROs) Services Market by Type (Early phase, Clinical, Laboratory), Therapeutic Area (Oncology, Infectious Disease), Molecule Type (Vaccine, CGT), End User (Pharma, Biopharma, Research Institute) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: July, 2021

Base Year Estimate: 2020

Report ID: D-PH-CROSM-248

Format:  

Number of Pages: 355

Domain: Pharmaceutical

Contract Research Organization (CROs) Services Market – Trends Forecast Till 2028

The contract research organization (CRO) services market is projected to reach USD 86.5 billion by 2026 from USD 53.2 billion in 2021, at a CAGR of 10.7% during the forecast period.

The increasing number of clinical trials and the rising prevalence of orphan and rare diseases are some of the factors that have supported long-term expansion for Contract Research Organization (CROs) Services Market.

Contract Research Organization Services Market Report

Contract Research Organization (CROs) Services Market is segmented into type, therapeutic area, molecule type, end user and geography.

Type segment is segmented into early phase development services, clinical research services, laboratory services, consulting services, and data management.

Therapeutic area segment is segmented into Oncology, Infectious Diseases, Neurology, CVS, Metabolic Disorders/Endocrinology, Immunological Disorders, Respiratory Disorders, Psychiatry, Dermatology, Haematology, Ophthalmology, Gastrointestinal and Genitourinary & Women’s Health

Molecule type vaccines and cell and gene therapy diseases.

End user segment is segmented into pharmaceutical & biotechnology companies, medical device companies and academic institutes.

Geographically, the global Contract Research Organization (CROs) Services market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.

Key players in global Contract Research Organization (CROs) Services market are IQVIA (US), LabCorp (US), Charles River Laboratories (US), WuXi AppTec (China), Syneos Health (US), Parexel International (US), PPD (US), ICON Plc (US), Medpace Holdings (US), SGS (Switzerland), PSI CRO AG (US), Axcent Advanced Analytics (US), BIO Agile Therapeutics (US), Firma Clinical Research (US), Acculab Life Sciences (US), Azelix (US), CTserv (US), Pepgra (UK), and Dove Quality Solutions (US), Novotech Health Holding (Australia), Geneticist Inc. (US), Linical Americas (US), Frontage Holding Corporation (US), and Celerion (US).

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the Contract Research Organization (CROs) Services market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global Contract Research Organization (CROs) Services market. Through secondary, the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects.

The primary Respondent breakdown is given below:

Contract Research Organization Services Market Primary Respondents

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validating the total revenue of the Contract Research Organization (CROs) Services market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondent in order to gain 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Contract Research Organization (CROs) Services market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns. 

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 53.2 billion

Growth Rate

CAGR of 10.7% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

type, therapeutic area, molecule type, end user and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

IQVIA (US), LabCorp (US), Charles River Laboratories (US), WuXi AppTec (China), Syneos Health (US), Parexel International (US), PPD (US), ICON Plc (US), Medpace Holdings (US), SGS (Switzerland), PSI CRO AG (US), Axcent Advanced Analytics (US), BIO Agile Therapeutics (US), Firma Clinical Research (US), Acculab Life Sciences (US), Azelix (US), CTserv (US), Pepgra (UK), and Dove Quality Solutions (US), Novotech Health Holding (Australia), Geneticist Inc. (US), Linical Americas (US), Frontage Holding Corporation (US), and Celerion (US).

Available Customization

In addition to the market data for Contract Research Organization (CROs) Services Market, Delvens. offers client-centric report and customized according to the company’s specific demand and requirement.

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