Contract Research Organization

Contract Research Organization Market is valued at USD 39.1 Billion in 2018 and expected to reach USD 64.5 Billion By 2025 with the CAGR of 7.4% over the forecast period. Growing demand for novel drugs for the treatment of chronic disorders coupled with increase in research and development activities is likely to grow the contract research organization  market.
Scope of Contract Research Organization Market  Report:
Contract research organizations are also known as clinical research organization and these companies provide support to the lifescience industry by providing them research services on contract basis. These organizations are designed to reduce the manufacturing cost of novel drug and also provide easy access to the market. These organizations also offer clinical trials to the pharmaceutical or medical devices companies which also help them to get FDA or EMA approval for the product without any extra expenses. These approvals are required by the company to assure the safety and efficacy of the product.

Contract Research Organization Market report is segmented on service type, Therapeutic area, end user and by regional & country level. Based upon service type, Contract Research Organization market is segmented into Early Phase Development Services, clinical research services, Laboratory and consulting services. On the basis of therapeutic area, market is segmented into oncology, clinical pharmacology, cardiology, infectious disease, Neurology, Ophthalmology, gastroenterology and hepatology, and others. Based upon end use, Contract Research Organization market is classified into Pharmaceutical & biopharmaceutical companies, Medical device companies, and Academic institutes.

The regions covered in this Contract Research Organization market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Contract Research Organization market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
 
Key Players for Contract Research Organization Market Reports– Some major key players for Contract Research Organization market are Laboratory Corporation of America Holdings, LLC, ICON Plc, Wuxi Pharmatech (Cayman), Inc., InVentiv Health, Inc., PAREXEL International Corporation, Pharmaceutical Service Type Development, INC Research Holdings, Inc., Charles River Laboratories International, Inc., Quintiles Transnational Holdings, Inc., and PRA Health Sciences, Inc. among others.

Increase in the novel drug development by the pharmaceutical companies and increase in research and development activities over the period of time are expected drive the growth of Contract research organization Some of the major factors drives the growth of contract research organization market over the period of time include the novel drug development by the pharmaceutical companies. The constant increase in the chronic disorders is expected to raise the demand for advanced drug for the treatment and for this pharmaceutical companies are constantly striving for the same. 

Furthermore, increase in research and development activities are expected to fuel the growth of contract research organization market over the near future.  Moreover, increase investment by the government to further promote the research and development activities for the drug development are expected to create ample opportunities in the market. However, High cost and intellectual property rights are expected to hamper the growth of contract research organization market over the forecast period. 

Geographically, this report split global into several key Regions, revenue (Million USD) the geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Contract Research Organization Market. 

Key Benefits for Global Contract Research Organization Market Reports 
• Global market report covers in-depth historical and forecast analysis.
• Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global market report helps to identify opportunities in market place.
• Global market report covers extensive analysis of emerging trends and competitive landscape.
 
Contract Research Organization Market Segmentation –
By Service Type
•	Early Phase Development Services
•	Clinical research services
•	Laboratory services
•	Consulting services

By Therapeutic Area
•	Oncology
•	Clinical pharmacology
•	Cardiology
•	Infectious disease
•	Neurology
•	Ophthalmology
•	Gastroenterology and hepatology
•	Others

By End Use
•	Pharmaceutical & biopharmaceutical companies
•	Medical device companies
•	Academic institutes

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o France
o Germany
o Russia
o Rest of Europe
• Asia-Pacific
o China
o South Korea
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa
o GCC Countries
o Africa
o Rest of Middle East and Africa

North America is expected to dominate the Contract Research Organization Market. North America accounted for largest share to dominate the contract research organization market. The U.S. holds the major market share which was closely followed by Canada and others countries. Due to the various guidelines with regards to clinical trials and most of the major Pharmaceutical companies belongs to the region. Europe is expected to be the second largest growing economy after North America. The presence of advanced infrastructure and increase in research and development activities are expected to create ample opportunities for the contract research organization market. Asia Pacific is expected to be the fastest growing region over the period of time due to the presence of developing economies such as India, China and others. There is an increase in the presence of pharmaceutical companies in the region coupled with increase in the demand for novel drugs for the treatment of chronic disorders are expected to promote the growth of contract research organization market. Latin America, Middle East and Africa is expected to develop moderately over the forecast period. 

Global Contract Research Organization Market Key Players:
• IQVIA 
• LabCorp 
• Syneos Health 
• PAREXEL
• PPD 
• ICON plc 
• PRA Health Sciences
•  Charles River 
• Others

This comprehensive report will provide:

• Enhance your strategic decision making
• Assist with your research, presentations and business plans
• Show which emerging market opportunities to focus on
• Increase your industry knowledge
• Keep you up-to-date with crucial market developments
• Allow you to develop informed growth strategies
• Build your technical insight
• Illustrate trends to exploit
• Strengthen your analysis of competitors
• Provide risk analysis, helping you avoid the pitfalls other companies could make
• Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
• How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
• Which region has more opportunities?

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