Contract Research Organization Market

Contract Research Organization Market by Applications (Clinical/Preclinical Research, Biologic Assay Development, Commercialization, and Clinical Trial Management) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-2549
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 196
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  • Pub. Date: Upcoming
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The global contract research organization market size is estimated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increased importance of research and development.

Contract Research Organization Market summary

Contract research organization is the firm that provides pillars to the pharmaceutical firms and medical device industries in the form of research services on a contractual basis. These organizations provides a broad range of services in the sector of biologic commercialization, preclinical research, assay development, commercialization, and clinical trial management, they provides the services to facilitate the overall process of moving a new drug or device into the market starting from development to FDA approval for marketing process without the sponsors for the drug to maintain any staff for these services.

The pharmaceutical industry carries various pressure points with the supply chain of production of any drug, increasing inspection from regulatory bodies, need for efficiency, and expirations of patents. Increasing critical importance of research and development, drug development and the pharmaceutical firms generates plenty of funds and resources to contract research organizations helping more collaborated research efforts.

Market Trends, Drivers, Restraints, and Opportunities

  • With the increasing importance of research and development, the pharmaceutical industry is expected to drive the market.
  • Increasing value of strategic partnerships in the new drug development value chain is estimated to boost the market.
  • Reduced expenses scrutiny owing to R&D activities is expected to fuel the market.
  • Difficulty in aligning personnel expertise with the requirement of the projects is estimated to hamper the market.

Scope of the Report                          

The report on the contract research organization market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Contract Research Organization Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Clinical/Preclinical Research, Biologic Assay Development, Commercialization, and Clinical Trial Management)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Charles River Laboratories International Inc.; Pharmaceutical Product Development Inc.; Quintiles Transnational Corp.; and Covance Inc.

Market Segment Insights

The commercialization segment is expected to grow at a rapid pace

Based on applications, the global contract research organization market is segregated into clinical/preclinical research, commercialization, and clinical trial management. The commercialization segment accounts for a key share of the market due to increasing expenditure in pharmaceutical industry; however, the clinical trial management segment is anticipated to expand at a rapid pace during the forecast period owing to various R&D activities and participation of major market players.

Contract Research Organization Market applications

North America is anticipated to constitute a key market share

In terms of regions, the global contract research organization market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

North America accounts for a key share of the market owing to presence of major market players and endless demands for outsourcing the R&D activities. The market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to developing healthcare infrastructure, R&D activities for innovative products, and entry of new market players.

Contract Research Organization Market region

Segments

Segments Covered in the Report
The global contract research organization market has been segmented on the basis of
Applications

  • Clinical/Preclinical Research
  • Biologic Assay Development
  • Commercialization
  • Clinical Trial Management

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Charles River Laboratories International Inc.
  • Pharmaceutical Product Development Inc.
  • Quintiles Transnational Corp.
  • Covance Inc.

 

Competitive Landscape

Key players competing in the contract research organization market include Charles River Laboratories International Inc.; Pharmaceutical Product Development Inc.; Quintiles Transnational Corp.; and Covance Inc.

Major market players are continuously indulging in the activities such as mergers and acquisitions, research and developments, investments for innovative products and collaborations.

Contract Research Organization Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Contract Research Organization Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Contract Research Organization Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Contract Research Organization Market - Supply Chain
  4.5. Global Contract Research Organization Market Forecast
     4.5.1. Contract Research Organization Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Contract Research Organization Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Contract Research Organization Market Absolute $ Opportunity
5. Global Contract Research Organization Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Contract Research Organization Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Contract Research Organization Demand Share Forecast, 2019-2026
6. North America Contract Research Organization Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Contract Research Organization Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Contract Research Organization Demand Share Forecast, 2019-2026
7. Latin America Contract Research Organization Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Contract Research Organization Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Contract Research Organization Demand Share Forecast, 2019-2026
8. Europe Contract Research Organization Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Contract Research Organization Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Contract Research Organization Demand Share Forecast, 2019-2026
9. Asia Pacific Contract Research Organization Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Contract Research Organization Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Contract Research Organization Demand Share Forecast, 2019-2026
10. Middle East & Africa Contract Research Organization Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Contract Research Organization Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Contract Research Organization Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Contract Research Organization Market: Market Share Analysis
  11.2. Contract Research Organization Distributors and Customers
  11.3. Contract Research Organization Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Charles River Laboratories International Inc.
     11.4.2. Pharmaceutical Product Development Inc.
     11.4.3. Quintiles Transnational Corp.
     11.4.4. Covance Inc.

Segments Covered in the Report
The global contract research organization market has been segmented on the basis of
Applications

  • Clinical/Preclinical Research
  • Biologic Assay Development
  • Commercialization
  • Clinical Trial Management

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Charles River Laboratories International Inc.
  • Pharmaceutical Product Development Inc.
  • Quintiles Transnational Corp.
  • Covance Inc.

 

Key players competing in the contract research organization market include Charles River Laboratories International Inc.; Pharmaceutical Product Development Inc.; Quintiles Transnational Corp.; and Covance Inc.

Major market players are continuously indulging in the activities such as mergers and acquisitions, research and developments, investments for innovative products and collaborations.

Contract Research Organization Market keyplayers

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