Contract Research Organization Services Market By Application, Technology, Product, Region and Forecast 2025


Contract Research Organization Services Market, By Service Type, Research Type and Client Type – Growth, Future Prospects and Competitive Analysis, 2016 – 2023, the global contract research organization (CRO) services market was valued at US$ 29.5 Mn in 2017, and is expected to reach US$ 76.6 Mn by 2025, expanding at a CAGR of 7.1% from 2017 to 2025.

Market Insights

The global CRO market has witnessed a significant rise in strategic mergers and collaborations among CRO vendors. Such growth strategies are focused at augmenting their service portfolio or develop their niche in select countries. Large scale pharmaceutical companies in countries such as North America, Europe and Asia Pacific are increasingly indulging in CRO activities due to availability of large pool of trial eligible patients, desire to reduce costs and growing need to focus on core competencies. With further expansion and consolidation activities taking place in the CRO industry, the strong growth of the global CRO services market is anticipated to continue through the forecast.

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The demand for CRO services is anticipated to remain steady in early stage development phases such as clinical pharmacology and preclinical trials. Early stage development phases have a potential market opportunity of over US$ 5.5 Bn. The moderate growth of this space is due to the limited pricing power since several drug sponsors still prefer to outsource their late-stage pipelines only. However, this scenario is anticipated in the later stage of forecast period with a strong possibility of containment of service prices. On the other hand, late-stage development services have the largest market share and will experience the fastest growth during the forecast period. The of late-stage development services is anticipated to continue through 2023 due to prime influencers such as greater interest of pharma companies in investigational drugs in late-stage trials that experience the least project delays and cancellations, and greater volumes that profit central laboratory operations.

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Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Global CRO Services Market Portraiture

Chapter 3 CRO Services Market: Dynamics and Future Outlook
3.1 Global CRO Services Market Overview
3.1.1 Market Dynamics
3.1.2 Drivers Driver 1 Driver 2
3.1.3 Challenges Challenge 1 Challenge 2
3.1.4 Opportunities Opportunity 1
3.2 Attractive Investment Proposition
3.3 Competitive Landscape of Key Players in CRO Services Market

Chapter 4 Global CRO Services Market, by Service Type, 2015 – 2025
4.1 Introduction
4.2 Clinical Trial Services
4.2.1 Drug Discovery
4.2.2 Precilinical Trials
4.2.3 Phase I Trials
4.2.4 Phase II Trials
4.2.5 Phase III Trials
4.2.6 Phase IV (Post Market Surveillance) Trials
4.3 Medical Writing Services
4.4 Regulatory Services
4.5 Clinical Data Management Services
4.6 Others

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