Global CRO services
Market Report
2024
As per Cognitive Market Research's latest published report, the Global CRO services market size was USD 73.38 billion in 2022 and it is forecasted to reach USD 163.48 billion by 2030. CRO services Industry's Compound Annual Growth Rate will be 12.1% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global CRO services market size was USD 73.38 billion in 2022 and it is forecasted to reach USD 163.48 billion by 2030. CRO services Industry's Compound Annual Growth Rate will be 12.1% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global CRO services Market Sales Revenue 2022 | $ 73.38 Billion |
Global CRO services Market Sales Revenue 2030 | $ 163.48 Billion |
Global CRO services Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.1% |
Market Split by Type |
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Market Split by Application |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of CRO services industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
CRO services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
CRO services or contract research organization services are the services that provide clinical trial services for the pharmaceutical, biotechnology, and medical device industries. These services often include regulatory affairs, clinical trial planning, site selection and initiation, recruitment support, clinical monitoring, data management, trial logistics, biostatistics, medical writing, and project management.
Rise in the clinical trials majorly drives the growth of the CRO services market. ClinicalTrials.gov presently contains 441,524 trials in all 50 states and 221 countries. ClinicalTrials.gov received around 4.5 million visits per month as of March 2021. These clinical trials often require different services that can be sourced by contract research organizations. This factor drives the growth of the market.
The development of new and innovative technologies is expected to provide numerous opportunities for the growth of the market. The use of novel technology by CROs adds value across the development and delivery cycle, from early clinical trials to the commercialization and monitoring of new medical treatments. Sponsors gain from these breakthroughs, as do patients, who benefit from earlier access to innovative, more personalized medicines.
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In January 2023, Bruker Corporation and Biognosys AG, located in Switzerland, established a strategic partnership in which Bruker would acquire a controlling stake in Biognosys. Several previous Biognosys investors sold their shares to Bruker in a secondary transaction, and Bruker will make additional main investments in Biognosys. The Bruker team will continue to lead Biognosys as a world-class provider of proteomics and proteogenomics CRO services and proteomics software.
Top Companies Market Share in CRO services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Geographically, the global CRO services market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominates the CRO services market owing to the presence of big pharma companies, the rising healthcare industry, the growing focus on innovative drugs and medical devices, technological advancement in a clinical trials, and many others.
The current report Scope analyzes CRO services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global CRO services Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing CRO services Industry growth. CRO services market has been segmented with the help of its Type, Application End User, and others. CRO services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the type, the clinical research services segment has dominated the market owing to the rising prevalence of chronic disorder, the upsurge in the outsourcing R & D services, and others.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of CRO services Industry. Request a Free Sample PDF!
Based on the application, the oncology segment dominated the CRO services market as the rising number of patients with cancer is growing. Similarly, the lack of effective cancer treatment necessitates research and development activities. This in turn raises the demand for CO services.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the CRO services market report 2024 Edition by contacting our team.
Based on the end user, the pharmaceutical and biotech companies segment dominated the CRO services market due to the rising investment in research and development by these companies.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global CRO services Market is witnessing significant growth in the near future.
In 2023, the Clinical Research Services segment accounted for noticeable share of global CRO services Market and is projected to experience significant growth in the near future.
The Oncology segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Quintiles Transnational Holdings Inc, Pharmaceutical Product Development LLC and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Clinical Research Services, Laboratory Services, Consulting Services |
Application | Oncology, CNS Disorder, Cardiology, Infectious Disease Metabolic Disorder, Renal/Nephroology, Others |
End User | Pharmaceutical and Biopharmaceutical Companies, Medical Device Companies, Academic Institutes |
List of Competitors | Quintiles Transnational Holdings Inc, Laboratory Corporation Of America Holdings, Pharmaceutical Product Development LLC, PAREXEL International Corporation, ICON Plc, PRA Health Sciences Inc., InVentiv Health Inc., Charles River Laboratories International Inc., INC Research Holdings Inc, Wuxi PharmaTech (Cayman) Inc |
This chapter will help you gain GLOBAL Market Analysis of CRO services. Further deep in this chapter, you will be able to review Global CRO services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America CRO services Market Trends North America CRO services Technological Road Map North America CRO services Market Drivers North America CRO services Market Restraints North America CRO services Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global CRO services market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Clinical Research Services have a significant impact on CRO services market? |
What are the key factors affecting the Clinical Research Services and Laboratory Services of CRO services Market? |
What is the CAGR/Growth Rate of Oncology during the forecast period? |
By type, which segment accounted for largest share of the global CRO services Market? |
Which region is expected to dominate the global CRO services Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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