Reports

Global Contract Research Organisation (CRO) Services Market to Reach USD 63 Billion by 2026, Aided by Rising R&D Activities

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 (2018-2028); 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 2020. The market is further expected to grow at a CAGR of 7% in the forecast period of 2023-2028 to reach a value of approximately USD 63 billion by 2026.

 

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 Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Contract Research Organisation (CRO) Services: Market 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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Service Type, Therapeutic Area, End Use, Region
Breakup by Service Type Early Phase Development, Clinical Research Services, Laboratory Services, Consulting Services, Data Management Services, Others
Breakup by Therapeutic Area Oncology, Clinical Pharmacology, Cardiovascular, Infectious Disease, Neurology, Gastroenterology and Hepatology, Respiratory, Others
Breakup by End Use Pharmaceutical and Biopharmaceutical Companies, Medical Device Companies, Academic Institutes, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Charles River Laboratories International, Inc., Clinipace, Clintec International Ltd., CMIC Holdings Co., Ltd, EPS International, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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    Opportunities and Challenges in the Market
8    Global Contract Research Organisation (CRO) Services Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Contract Research Organisation (CRO) Services Historical Market (2018-2022) 
    8.3    Global Contract Research Organisation (CRO) Services Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            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 (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            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 (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
            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 (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Data Management Services
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        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 (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Clinical Pharmacology
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Cardiovascular
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Infectious Disease
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Neurology
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Gastroenterology and Hepatology
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2018-2022)
            8.5.6.3    Forecast Trend (2023-2028)
        8.5.7    Respiratory
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2018-2022)
            8.5.7.3    Forecast Trend (2023-2028)
        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 (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Medical Device Companies
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Academic Institutes
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Others 
    8.7    Global Artificial Intelligence Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022)
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Contract Research Organisation (CRO) Services Market Analysis
    9.1    United States of America
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022)
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022)
        9.2.3    Forecast Trend (2023-2028)
10    Europe Contract Research Organisation (CRO) Services Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022)
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022)
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022)
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022)
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Contract Research Organisation (CRO) Services Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022)
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022)
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022)
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022)
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022)
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Contract Research Organisation (CRO) Services Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022)
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022)
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022)
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East  and Africa Contract Research Organisation (CRO) Services Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022)
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022)
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022)
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022)
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Charles River Laboratories International, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Clinipace
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Clintec International Ltd.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    CMIC Holdings Co., Ltd
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    EPS International
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Contract Research Organisation (CRO) Services Market: Key Industry Highlights, 2018 and 2028
2.    Global Contract Research Organisation (CRO) Services Historical Market: Breakup by Service Type (USD Billion), 2018-2022
3.    Global Contract Research Organisation (CRO) Services Market Forecast: Breakup by Service Type (USD Billion), 2023-2028
4.    Global Contract Research Organisation (CRO) Services Historical Market: Breakup by Therapeutic Area (USD Billion), 2018-2022
5.    Global Contract Research Organisation (CRO) Services Market Forecast: Breakup by Therapeutic Area (USD Billion), 2023-2028
6.    Global Contract Research Organisation (CRO) Services Historical Market: Breakup by End Use (USD Billion), 2018-2022
7.    Global Contract Research Organisation (CRO) Services Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8.    Global Contract Research Organisation (CRO) Services Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Contract Research Organisation (CRO) Services Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Contract Research Organisation (CRO) Services Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Contract Research Organisation (CRO) Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Contract Research Organisation (CRO) Services Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Contract Research Organisation (CRO) Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Contract Research Organisation (CRO) Services Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Contract Research Organisation (CRO) Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Contract Research Organisation (CRO) Services Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Contract Research Organisation (CRO) Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Contract Research Organisation (CRO) Services Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Contract Research Organisation (CRO) Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Contract Research Organisation (CRO) Services Market Structure

Key Questions Answered in the Report

What was the global market size in 2020?

In 2020, the market attained a value of nearly USD 42 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 7% between 2021 and 2026.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 63 billion by 2026.

What are the major industry drivers?

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.

What are the key industry trends in the global market?

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.

What are the major regional markets of contract research organisation (CRO) services, according to the EMR report?

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.

What are the major service types provided by contract research organisations (CROs)?

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.

What are the significant therapeutic areas of the product in the industry?

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

What are the major end use segments of contract research organisation (CRO) services?

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

Who are the key industry players, according to the report?

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 2020, 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 2023-2028, growing at a CAGR of 7%. The market is projected to reach USD 63 billion by 2026.

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.

Purchase Full Report

Mini Report

$1699
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Single User License

$2799
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Five User License

$3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Corporate License

$4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Sale

Global Surgical Blade Market Report and Forecast 2023-2028

  • Email Delivery
  • Price: $  2199   $ 1799
Read More

Sale

Global Healthcare ERP Market Report and Forecast 2023-2028

  • Email Delivery
  • Price: $  2199   $ 1799
Read More

Sale

Global Real World Evidence Solutions Market Report and Forecast 2023-2028

  • Email Delivery
  • Price: $  2199   $ 1799
Read More

Sale

Global Optical Imaging Systems Market Report and Forecast 2023-2028

  • Email Delivery
  • Price: $  2199   $ 1799
Read More

Sale

Global Medical Billing Outsourcing Market Report and Forecast 2023-2028

  • Email Delivery
  • Price: $  2199   $ 1799
Read More
NEWSLETTER