The Contract Research Organisations (CROs) Market was valued at USD 44,049.76 million in 2021. It is expected to witness a revenue of USD 66,106.81 million in 2028, with a CAGR of 7% during the forecast period 2022-2028.
Contract Research Organizations (CROs), also known as clinical research organizations, are service provider organizations that support pharmaceutical and biotechnology companies for drug development and medical device companies by providing outsourcing services. The growth of this market is mainly driven by increasing demand for biopharmaceuticals, increasing clinical trials, and increasing government support for biopharmaceutical manufacturing. Additionally, significant opportunities in emerging markets, growing demand for biosimilars, and continued advances in bioprocessing technologies provide significant growth opportunities for players operating in the contract research institutions market.
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Market Segments
By Service
- Clinical Research Services
- Early Phase Development Services
- Laboratory Services
- Consulting Services
By Therapeutic Area
- Oncology
- Infectious Diseases
- CNS Disorders
- Cardiology
- Metabolic Disorders
- Immunology
Key Players
Key contract research organization (CRO) market players include Wuxi AppTec, PRA Health Sciences, Worldwide Clinical Trials, ICON, Clinitec, Clinipace, EPS International, Syneos Health, and Parexel International, among others.
Scope of the Report
The research study analyzes the global Contract Research Organisations (CROs) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Contract Research Organisations (CROs) Market Report
1. What was the Contract Research Organisations (CROs) Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Contract Research Organisations (CROs) Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Contract Research Organisations (CROs) Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Contract Research Organisations (CROs) market.
- The market share of the global Contract Research Organisations (CROs) market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Contract Research Organisations (CROs) market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Contract Research Organisations (CROs) market.
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