Global CRO Market Research Report 2021-2028

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DUBLIN, December 31, 2021 / PRNewswire / – The “Contract Research Organizations Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type and End User” the report was added to ResearchAndMarkets.com offer.

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The global contract research organizations (CRO) market is expected to reach US $ 88,835.19 million in 2028 $ 50,093.56 million in 2021; it is expected to grow at a CAGR of 8.5% from 2021 to 2028.

The growth of the market is mainly attributed to the increase in R&D spending and outsourcing activities, as well as the increase in the number of clinical trials. Moreover, the increasing demand for specialized testing services is expected to drive the market growth during the forecast period. However, the shortage of qualified professionals is hampering the growth of the market.

Health service providers have focused on adapting to the difficult transformations triggered by the COVID-19 pandemic. European countries like Italy and Spain recorded the maximum number of deaths from COVID-19. Clinical research plays a crucial role in the development of diagnostics and drugs to combat the ongoing COVID-19 pandemic through rapid and accurate clinical trials, as well as in the collection of robust and reliable results in a variety of large-scale settings. ladder. Intensive global research collaborations among stakeholders and industries involving all countries are driving the growth of the market.

On the basis of type, the contract research organization (CRO) market is segmented into early phase services, clinical research services, laboratory services, and post-approval services. The early phase services segment then split into drug discovery and pre-clinical services. The clinical research services segment is the largest shareholder in the market and is expected to register the highest CAGR during the forecast period.

By end user, the contract research organization (CRO) market is segmented into pharmaceutical and biotechnology companies and medical device companies. Pharmaceuticals and biotechnology companies segment holds larger market share and is expected to register higher CAGR during the period 2021-2028.

Key topics covered

1. Introduction
1.1 Scope of the study
1.2 Guide to the research report
1.3 Market segmentation

2. Contract Research Organization (CRO) Market – Key Points to Remember

3. Research methodology
3.1 Coverage
3.2 Secondary research
3.3 Primary research

4. Global Contract Research Organization (CRO) Market – Market Landscape
4.1 Overview
4.2 PEST analysis
4.2.1 North America – PEST analysis
4.2.2 Europe – PEST analysis
4.2.3 Asia Pacific – PEST analysis
4.2.4 Middle East and Africa (MEA) – PEST Analysis
4.2.5 South and central America (SCAM) – PEST Analysis
4.3 Expert advice

5. Contract Research Organization (CRO) Market – Key Market Dynamics
5.1 Main market drivers
5.1.1 Increase in R&D expenditure and outsourcing activities
5.1.2 Increase in the number of clinical trials
5.2 Main market challenges
5.2.1 Shortage of qualified professionals
5.3 Key Market Opportunities
5.3.1 Growing market for biosimilars and biologics
5.3.2 Growing Demand for Specialized Testing Services
5.4 Future trends
5.4.1 Growing market consolidation
5.5 Impact analysis

6. Contract Research Organizations (CRO) Market – Global Analysis
6.1 Global Contract Research Organizations (CRO) Market Revenue Forecast and Analysis
6.2 Global Contract Research Organization (CRO) Market, By Geography – Forecast and Analysis
6.3 Market positioning of key players

7. Contract Research Organization (CRO) Market Analysis – By Type
7.1 Overview
7.2 Contract Research Organizations (CRO) Market Revenue Share, by Type (2021 and 2028)
7.3 Early stage development services
7.4 Clinical research services
7.5 Laboratory services
7.6 Post-approval services

8. Contract Research Organization (CRO) Market Analysis – By End User
8.1 Overview
8.2 Contract research organizations (CRO) market revenue share, by end user (2021 and 2028)
8.3 Pharmaceutical and biotechnology companies
8.4 Medical device companies

9. Global Contract Research Organizations (CRO) Market – Geographic Analysis
9.1 North America: Contract research organizations market (CRO)
9.2 Europe: Contract research organizations market (CRO)
9.3 Asia Pacific: Contract research organizations market (CRO)
9.4 Middle East & Africa: Contract research organizations market (CRO)
9.5 South and central America: Contract research organizations market (CRO)

10. Impact of the COVID-19 pandemic on the contract research organization (CRO) market
10.1 North America: Assessment of the impact of the COVID-19 pandemic
10.2 Europe: Assessment of the impact of the COVID-19 pandemic
10.3 Asia Pacific: Assessment of the impact of the COVID-19 pandemic
10.4 Middle East and Africa: Assessment of the impact of the COVID-19 pandemic
10.5 South & central America: Assessment of the impact of the COVID-19 pandemic

11. Industry landscape
11.1 Overview
11.2 Growth strategies implemented by market companies, (%)
11.3 Organic developments
11.4 Inorganic developments

12. Company profiles
12.1 Charles River Laboratories, Inc.
12.2 IQVIA Inc.
12.3 Laboratory Company of America Holdings
12.4 International Parexel Company
12.5 ICON API
12.6 Novotech
12.7 Syneos Health
12.8 Medical Space
12.9 WuXi AppTec
12.10 PPD Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/4ofxz1

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