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Global Contract Research Organisation (CRO) Services Market: By Service Type: Early Phase Development, Clinical Research Services, Laboratory Services, Consulting Services; By Therapeutic Area: By End Use: Regional Analysis; Historical Market and Forecast (2015-2025); Competitive Landscape; Industry Events and Developments

Global Contract Research Organisation (CRO) Services Market Outlook

The global contract research organisation (CRO) services market reached a value of about USD 42 billion in 2019. The market is further expected to grow at a CAGR of 7% in the forecast period of 2020-2025 to reach a value of approximately USD 63 billion by 2025.

 

Ongoing R&D Activities are Driving the Contract Research Organisation (CRO) Services Market

With the advancing healthcare industry, there has been a significant growth in terms of research, medications, and drug delivery, which is driving the demand for contract research organisation (CRO) services. CROs are increasingly gaining prominence owing to a rise in the number of drug development projects across the nations.

The global contract research organisation (CRO) services industry is dominated by the North America region. Within the region, the ongoing research and development activities and clinical trials are providing a boost to the industry. The demand is expected to grow in the Asia Pacific region over the forecast period due to rapid urbanisation, growing investments in R&D, and favourable government initiatives.

 

Contract Research Organisation (CRO) Services: Industry Definition and Segmentation

Contract research organisation (CRO), also known as clinical research organisation, is a term used to refer to a company engaged in providing research-related assistance to the pharmaceutical, biotechnology, and medical device industries on a contract basis. Contract research organisation services are key to the pharma, biotech, and MedTech sectors. These services support the efforts of clients to research, test, modify, and market the latest medical devices and pharmaceuticals.

Based on service type, the market is divided into:

  • Early Phase Development
    • Discovery Services
    • Chemistry
    • Preclinical Services
  • Clinical Research Services
    • Phase I
    • Phase II
    • Phase III
    • Phase IV
  • Laboratory Services
    • Bioanalytical Services 
    • Analytical Services 
    • Others
  • Consulting Services
  • Data Management Services
  • Others

Based on the therapeutic area, the industry can be segmented into:

  • Oncology
  • Clinical Pharmacology
  • Cardiovascular
  • Infectious Disease
  • Neurology
  • Gastroenterology and Hepatology
  • Respiratory
  • Others

By end use, the industry is divided into:

  • Pharmaceutical and Biopharmaceutical Companies
  • Medical Device Companies
  • Academic Institutes
  • Others

The regional markets for the service include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Technological Advancements Expected to Bolster the Contract Research Organisation (CRO) Services Market

The expiration of patents, the introduction of generic drugs, and technological advancements, such as mHealth and big data, have an effect on drug creation, leading to greater outsourcing of research to CROs. These factors are primarily driving the industry growth. The high competition in the market is resulting in increased mergers and acquisitions, which are expected to enhance full-service capabilities and global reach of larger companies.

The growth is expected to be higher in the developing regions owing to growing investment in the research and development activities and favourable regulatory policies. While large companies serve as premium CRO providers for many pharma and biotech companies globally, the small and mid-sized CROs are focusing on a more personalised approach and seeking to expand in niche sectors.

The rapid technological advancements and expansion of key players into lower-cost emerging markets are the major trends in the global contract research organisation (CRO) services industry. This is expected to have a positive effect on the industry growth over the forecast period.

 

Key Industry Players in the Global Contract Research Organisation (CRO) Services Market

The report gives a detailed analysis of the following key players in the global contract research organisation (CRO) services industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Charles River Laboratories International, Inc.
  • Clinipace
  • Clintec International Ltd.
  • CMIC Holdings Co., Ltd
  • EPS International
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Contract Research Organisation (CRO) Services Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Contract Research Organisation (CRO) Services Historical Market (2015-2019) 
    8.3    Global Contract Research Organisation (CRO) Services Market Forecast (2020-2025)
    8.4    Global Contract Research Organisation (CRO) Services Market by Service Type
        8.4.1    Early Phase Development
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
            8.4.1.4    Market by Type
                8.4.1.4.1    Discovery Services
                8.4.1.4.2    Chemistry
                8.4.1.4.3    Preclinical Services
        8.4.2    Clinical Research Services
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
            8.4.2.4    Market by Type
                8.4.2.4.1    Phase I
                8.4.2.4.2    Phase II
                8.4.2.4.3    Phase III
                8.4.2.4.4    Phase IV
        8.4.3    Laboratory Services
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
            8.4.3.4    Market by Type
                8.4.3.4.1    Bioanalytical Services 
                8.4.3.4.2    Analytical Services 
                8.4.3.4.3    Others
        8.4.4    Consulting Services
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Data Management Services
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2015-2019)
            8.4.5.3    Forecast Trend (2020-2025)
        8.4.6    Others
    8.5    Global Contract Research Organisation (CRO) Services Market by Therapeutic Area
        8.5.1    Oncology
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Clinical Pharmacology
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Cardiovascular
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Infectious Disease
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Neurology
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        8.5.6    Gastroenterology and Hepatology
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2015-2019)
            8.5.6.3    Forecast Trend (2020-2025)
        8.5.7    Respiratory
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2015-2019)
            8.5.7.3    Forecast Trend (2020-2025)
        8.5.8    Others
    8.6    Global Contract Research Organisation (CRO) Services Market by End Use
        8.6.1    Pharmaceutical and Biopharmaceutical Companies
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Medical Device Companies
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Academic Institutes
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Others
    8.7    Global Contract Research Organisation (CRO) Services Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players
    12.3    Company Profiles
        12.3.1    Charles River Laboratories International, Inc.
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    Clinipace
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    Clintec International Ltd.
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    CMIC Holdings Co., Ltd
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    EPS International
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Certifications
        12.3.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Contract Research Organisation (CRO) Services Market: Key Industry Highlights, 2015 and 2025
2.    Global Contract Research Organisation (CRO) Services Historical Market: Breakup by Service Type (USD Billion), 2015-2019
3.    Global Contract Research Organisation (CRO) Services Market Forecast: Breakup by Service Type (USD Billion), 2020-2025
4.    Global Contract Research Organisation (CRO) Services Historical Market: Breakup by Therapeutic Area (USD Billion), 2015-2019
5.    Global Contract Research Organisation (CRO) Services Market Forecast: Breakup by Therapeutic Area (USD Billion), 2020-2025
6.    Global Contract Research Organisation (CRO) Services Historical Market: Breakup by End Use (USD Billion), 2015-2019
7.    Global Contract Research Organisation (CRO) Services Market Forecast: Breakup by End Use (USD Billion), 2020-2025
8.    Global Contract Research Organisation (CRO) Services Historical Market: Breakup by Region (USD Billion), 2015-2019
9.    Global Contract Research Organisation (CRO) Services Market Forecast: Breakup by Region (USD Billion), 2020-2025
10.    North America Contract Research Organisation (CRO) Services Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    North America Contract Research Organisation (CRO) Services Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Europe Contract Research Organisation (CRO) Services Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Europe Contract Research Organisation (CRO) Services Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Asia Pacific Contract Research Organisation (CRO) Services Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Asia Pacific Contract Research Organisation (CRO) Services Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Latin America Contract Research Organisation (CRO) Services Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Latin America Contract Research Organisation (CRO) Services Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Middle East and Africa Contract Research Organisation (CRO) Services Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Middle East and Africa Contract Research Organisation (CRO) Services Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Global Contract Research Organisation (CRO) Services Market Structure

Key Questions Answered in the Report

In 2019, the market attained a value of nearly USD 42 billion.

The market is projected to grow at a CAGR of 7% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 63 billion by 2025.

The major drivers of the industry, such as advancements in the healthcare industry, increased R&D activities, stringent regulatory policies, patent expiration, growing mergers and acquisitions, and growing technological advancements, are expected to aid the market growth.

The key trends guiding the growth of the market include the expansion of CROs in the emerging nations and the growing investments in the drug development project by various government and private organisations.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.

The major service types available in the industry are early phase development, clinical research services, laboratory services, consulting services, and data management services, among others.

Oncology, clinical pharmacology, cardiovascular, infectious disease, neurology, gastroenterology and hepatology, and respiratory, among others, are the significant therapeutic areas of the product.

The major end use segments of the product include pharmaceutical and biopharmaceutical companies, medical device companies, and academic institutes, among others.

The major players in the industry are Charles River Laboratories International, Inc., Clinipace, Clintec International Ltd., CMIC Holdings Co., Ltd, and EPS International, among others.

Analyst Review

The global contract research organisation (CRO) services market attained a value of USD 42 billion in 2019, driven by the growing research and development activities, developing healthcare industry, and technological advancements. Aided by the growing drug development projects and the rising penetration of major players into lower-cost emerging markets, the contract research organisation (CRO) services industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 7%. The market is projected to reach USD 63 billion by 2025.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on service type, the contract research organisation (CRO) services industry can be segmented into early phase development, clinical research services, laboratory services, consulting services, and data management services, among others. On the basis of the therapeutic area, the industry is divided into oncology, clinical pharmacology, cardiovascular, infectious disease, neurology, gastroenterology and hepatology, and respiratory, among others. By end use, the industry is categorised into pharmaceutical and biopharmaceutical companies, medical device companies, and academic institutes, among others. The major regional markets for contract research organisation (CRO) services are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Charles River Laboratories International, Inc., Clinipace, Clintec International Ltd., CMIC Holdings Co., Ltd, and EPS International, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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