Contract Research Organization Services (CROs) Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032

Contract Research Organization Services (CROs) Market Overview and Definition

The Contract Research Organization Services (CROs) market refers to the global market for outsourced research and development (R&D) services offered by third-party organizations to pharmaceutical, biotechnology, and medical device companies, as well as academic and government institutions. CROs provide a wide range of services, including preclinical research, clinical trial management, data management and analysis, medical writing, and regulatory affairs.

The CROs market is driven by factors such as the increasing cost of drug development, the growing complexity of clinical trials, and the need for specialized expertise and resources. Outsourcing R&D services to CROs allows companies to reduce the time and cost of drug development, gain access to specialized expertise, and mitigate the risks associated with clinical trial management. In addition, the increasing focus on personalized medicine and precision medicine is expected to further drive the demand for CROs services.

The CROs market can be segmented based on service type, therapeutic area, end-user, and geography. The service type segment includes preclinical research, clinical trial management, data management and analysis, medical writing, and regulatory affairs. The therapeutic area segment includes oncology, cardiovascular, central nervous system, infectious diseases, and others. The end-user segment includes pharmaceutical and biotechnology companies, medical device companies, academic and government institutions, and others. Geographically, the market can be segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

The key players in the CROs market include IQVIA Holdings Inc., LabCorp, Syneos Health Inc., PRA Health Sciences Inc., and Charles River Laboratories International Inc. These companies offer a range of CROs services for various industries and sectors.

The CROs market is highly competitive, with several large and small players offering a range of services. The market is characterized by the presence of several established players as well as new entrants. In recent years, there has been a growing trend towards the use of advanced technologies such as artificial intelligence and machine learning in clinical trials, which is expected to drive the growth of the CROs market.

The global Contract Research Organization Services Market is anticipated to flourish at a CAGR of 9.4% during the forecast period i.e., 2022-2032. Continuous rise in the number of clinical trials and increasing research and development expenditure are key growth drivers of contract research organization services (CROs) market. Emerging markets such as biosimilar and biologics and growing demand for specialized testing services will benefit the growth of the market.

Segmentation

The research offers a comprehensive analysis of contract research organization services (CROs) market with respect to following sub-markets:

By Services

- Post-Approval Services
- Clinical Services
- Preclinical Services
- Central Lab Services
- Other Services

By Therapeutic Area

- Diabetes
- Oncology
- Central Nervous System (CNS) Disorders
- Cardiovascular Diseases
- Respiratory Disorders
- Others

By End User

- Pharmaceutical Companies
- Academic Institutes
- Others

By Geography

- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The report profiles various major market players such as

- Charles River Laboratories, Inc.,
- LabCorp
- Quintiles (IQVIA)
- The Pharmaceutical Product Development, LLC
- PAREXEL
- PRA Health Sciences
- Envigo
- Syneos Health
- Medpace
- Chiltern
- Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion, and other market activities.

The study also provides company’s positioning and market share in contract research organization services (CROs) market.

Timeline Considered for Analysis:

- 2019: Base Year

- 2020: Estimated Year

- 2020 to 2025: Forecasted Year

Research Scope and Deliverables

Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:

Industry report analyzes the global contract research organization services (CROs) market by the following segments:
- Services
- Therapeutic Area
- End User.

Geographic Market Analysis:

The report offers separate analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.

Customization: We also offers customization is in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Contract Research Organization Services (CROs) Industry Report:

- What is the overall market size in 2019?
- What will be the market growth during the forecast period i.e., 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?

Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Contract Research Organization Services (CROs) Market
3. Global Contract Research Organization Services (CROs) Market Trends
4. Opportunities in Global Contract Research Organization Services (CROs) Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Contract Research Organization Services (CROs) Market Size (USD Million), Growth Analysis and Forecast, (2019-2025)

9. Global Contract Research Organization Services (CROs) Market Segmentation Analysis, By Services
9.1. Introduction
9.2. Market Attractiveness, By Services
9.3. BPS Analysis, By Services
9.4. Post-Approval Services Market Size & Forecast (USD Million), 2019-2025
9.5. Clinical Services Market Size & Forecast (USD Million), 2019-2025
9.6. Preclinical Services Market Size & Forecast (USD Million), 2019-2025
9.7. Central Lab Services Market Size & Forecast (USD Million), 2019-2025
9.8. Others Services Market Size & Forecast (USD Million), 2019-2025

10. Global Contract Research Organization Services (CROs) Market Segmentation Analysis, By Therapeutic Area
10.1. Introduction
10.2. Market Attractiveness, By Therapeutic Area
10.3. BPS Analysis, By Therapeutic Area
10.4. Diabetes Market Size & Forecast (USD Million), 2019-2025
10.5. Oncology Market Size & Forecast (USD Million), 2019-2025
10.6. Central Nervous System (CNS) Disorders Market Size & Forecast (USD Million), 2019-2025
10.7. Cardiovascular Diseases Market Size & Forecast (USD Million), 2019-2025
10.8. Respiratory Disorders Market Size & Forecast (USD Million), 2019-2025
10.9. Others Market Size & Forecast (USD Million), 2019-2025

11. Global Contract Research Organization Services (CROs) Market Segmentation Analysis, By End User
11.1. Introduction
11.2. Market Attractiveness, By End User
11.3. BPS Analysis, By End User
11.4. Pharmaceutical Companies Market Size & Forecast (USD Million), 2019-2025
11.5. Academic Institutes Market Size & Forecast (USD Million), 2019-2025
11.6. Others Market Size & Forecast (USD Million), 2019-2025

12. Geographical Analysis
12.1. Introduction
12.2. North America Market Size (USD Million), 2019-2025
12.2.1. By Services
12.2.1.1. Introduction
12.2.1.2. Market Attractiveness, By Services
12.2.1.3. BPS Analysis, By Services
12.2.1.4. Post-Approval Services Market Size & Forecast (USD Million), 2019-2025
12.2.1.5. Clinical Services Market Size & Forecast (USD Million), 2019-2025
12.2.1.6. Preclinical Services Market Size & Forecast (USD Million), 2019-2025
12.2.1.7. Central Lab Services Market Size & Forecast (USD Million), 2019-2025
12.2.1.8. Others Services Market Size & Forecast (USD Million), 2019-2025
12.2.2. By Therapeutic Area
12.2.2.1. Introduction
12.2.2.2. Market Attractiveness, By Therapeutic Area
12.2.2.3. BPS Analysis, By Therapeutic Area
12.2.2.4. Diabetes Market Size & Forecast (USD Million), 2019-2025
12.2.2.5. Oncology Market Size & Forecast (USD Million), 2019-2025
12.2.2.6. Central Nervous System (CNS) Disorders Market Size & Forecast (USD Million), 2019-2025
12.2.2.7. Cardiovascular Diseases Market Size & Forecast (USD Million), 2019-2025
12.2.2.8. Respiratory Disorders Market Size & Forecast (USD Million), 2019-2025
12.2.2.9. Others Market Size & Forecast (USD Million), 2019-2025
12.2.3. By End User
12.2.3.1. Introduction
12.2.3.2. Market Attractiveness, By End User
12.2.3.3. BPS Analysis, By End User
12.2.3.4. Pharmaceutical Companies Market Size & Forecast (USD Million), 2019-2025
12.2.3.5. Academic Institutes Market Size & Forecast (USD Million), 2019-2025
12.2.3.6. Others Market Size & Forecast (USD Million), 2019-2025
12.2.4. By Country
12.2.4.1. Market Attractiveness, By End-user
12.2.4.2. BPS Analysis, By End-User
12.2.4.3. U.S. Market Size (USD Million), 2019-2025
12.2.4.4. Canada Market Size (USD Million), 2019-2025

12.3. Europe Market Size (USD Million), 2019-2025
12.3.1. By Services
12.3.1.1. Introduction
12.3.1.2. Market Attractiveness, By Services
12.3.1.3. BPS Analysis, By Services
12.3.1.4. Post-Approval Services Market Size & Forecast (USD Million), 2019-2025
12.3.1.5. Clinical Services Market Size & Forecast (USD Million), 2019-2025
12.3.1.6. Preclinical Services Market Size & Forecast (USD Million), 2019-2025
12.3.1.7. Central Lab Services Market Size & Forecast (USD Million), 2019-2025
12.3.1.8. Others Services Market Size & Forecast (USD Million), 2019-2025
12.3.2. By Therapeutic Area
12.3.2.1. Introduction
12.3.2.2. Market Attractiveness, By Therapeutic Area
12.3.2.3. BPS Analysis, By Therapeutic Area
12.3.2.4. Diabetes Market Size & Forecast (USD Million), 2019-2025
12.3.2.5. Oncology Market Size & Forecast (USD Million), 2019-2025
12.3.2.6. Central Nervous System (CNS) Disorders Market Size & Forecast (USD Million), 2019-2025
12.3.2.7. Cardiovascular Diseases Market Size & Forecast (USD Million), 2019-2025
12.3.2.8. Respiratory Disorders Market Size & Forecast (USD Million), 2019-2025
12.3.2.9. Others Market Size & Forecast (USD Million), 2019-2025
12.3.3. By End User
12.3.3.1. Introduction
12.3.3.2. Market Attractiveness, By End User
12.3.3.3. BPS Analysis, By End User
12.3.3.4. Pharmaceutical Companies Market Size & Forecast (USD Million), 2019-2025
12.3.3.5. Academic Institutes Market Size & Forecast (USD Million), 2019-2025
12.3.3.6. Others Market Size & Forecast (USD Million), 2019-2025
12.3.4. By Country
12.3.4.1. Market Attractiveness, By Country
12.3.4.2. BPS Analysis, By Country
12.3.4.3. Germany Market Size (USD Million), 2019-2025
12.3.4.4. United Kingdom Market Size (USD Million), 2019-2025
12.3.4.5. France Market Size (USD Million), 2019-2025
12.3.4.6. Italy Market Size (USD Million), 2019-2025
12.3.4.7. Spain Market Size (USD Million), 2019-2025
12.3.4.8. Russia Market Size (USD Million), 2019-2025
12.3.4.9. Rest of Europe Market Size (USD Million), 2019-2025

12.4. Asia Pacific Market Size (USD Million), 2019-2025
12.4.1. By Services
12.4.1.1. Introduction
12.4.1.2. Market Attractiveness, By Services
12.4.1.3. BPS Analysis, By Services
12.4.1.4. Post-Approval Services Market Size & Forecast (USD Million), 2019-2025
12.4.1.5. Clinical Services Market Size & Forecast (USD Million), 2019-2025
12.4.1.6. Preclinical Services Market Size & Forecast (USD Million), 2019-2025
12.4.1.7. Central Lab Services Market Size & Forecast (USD Million), 2019-2025
12.4.1.8. Others Services Market Size & Forecast (USD Million), 2019-2025
12.4.2. By Therapeutic Area
12.4.2.1. Introduction
12.4.2.2. Market Attractiveness, By Therapeutic Area
12.4.2.3. BPS Analysis, By Therapeutic Area
12.4.2.4. Diabetes Market Size & Forecast (USD Million), 2019-2025
12.4.2.5. Oncology Market Size & Forecast (USD Million), 2019-2025
12.4.2.6. Central Nervous System (CNS) Disorders Market Size & Forecast (USD Million), 2019-2025
12.4.2.7. Cardiovascular Diseases Market Size & Forecast (USD Million), 2019-2025
12.4.2.8. Respiratory Disorders Market Size & Forecast (USD Million), 2019-2025
12.4.2.9. Others Market Size & Forecast (USD Million), 2019-2025
12.4.3. By End User
12.4.3.1. Introduction
12.4.3.2. Market Attractiveness, By End User
12.4.3.3. BPS Analysis, By End User
12.4.3.4. Pharmaceutical Companies Market Size & Forecast (USD Million), 2019-2025
12.4.3.5. Academic Institutes Market Size & Forecast (USD Million), 2019-2025
12.4.3.6. Others Market Size & Forecast (USD Million), 2019-2025
12.4.4. By Country
12.4.4.1. Market Attractiveness, By Country
12.4.4.2. BPS Analysis, By Country
12.4.4.3. China Market Size (USD Million), 2019-2025
12.4.4.4. India Market Size (USD Million), 2019-2025
12.4.4.5. Japan Market Size (USD Million), 2019-2025
12.4.4.6. South Korea Market Size (USD Million), 2019-2025
12.4.4.7. Indonesia Market Size (USD Million), 2019-2025
12.4.4.8. Taiwan Market Size (USD Million), 2019-2025
12.4.4.9. Australia Market Size (USD Million), 2019-2025
12.4.4.10. New Zealand Market Size (USD Million), 2019-2025
12.4.4.11. Rest of Asia Pacific Market Size (USD Million), 2019-2025

12.5. Latin America Market Size (USD Million), 2019-2025
12.5.1. By Services
12.5.1.1. Introduction
12.5.1.2. Market Attractiveness, By Services
12.5.1.3. BPS Analysis, By Services
12.5.1.4. Post-Approval Services Market Size & Forecast (USD Million), 2019-2025
12.5.1.5. Clinical Services Market Size & Forecast (USD Million), 2019-2025
12.5.1.6. Preclinical Services Market Size & Forecast (USD Million), 2019-2025
12.5.1.7. Central Lab Services Market Size & Forecast (USD Million), 2019-2025
12.5.1.8. Others Services Market Size & Forecast (USD Million), 2019-2025
12.5.2. By Therapeutic Area
12.5.2.1. Introduction
12.5.2.2. Market Attractiveness, By Therapeutic Area
12.5.2.3. BPS Analysis, By Therapeutic Area
12.5.2.4. Diabetes Market Size & Forecast (USD Million), 2019-2025
12.5.2.5. Oncology Market Size & Forecast (USD Million), 2019-2025
12.5.2.6. Central Nervous System (CNS) Disorders Market Size & Forecast (USD Million), 2019-2025
12.5.2.7. Cardiovascular Diseases Market Size & Forecast (USD Million), 2019-2025
12.5.2.8. Respiratory Disorders Market Size & Forecast (USD Million), 2019-2025
12.5.2.9. Others Market Size & Forecast (USD Million), 2019-2025
12.5.3. By End User
12.5.3.1. Introduction
12.5.3.2. Market Attractiveness, By End User
12.5.3.3. BPS Analysis, By End User
12.5.3.4. Pharmaceutical Companies Market Size & Forecast (USD Million), 2019-2025
12.5.3.5. Academic Institutes Market Size & Forecast (USD Million), 2019-2025
12.5.3.6. Others Market Size & Forecast (USD Million), 2019-2025
12.5.4. By Country
12.5.4.1. Market Attractiveness, By Country
12.5.4.2. BPS Analysis, By Country
12.5.4.3. Brazil Market Size (USD Million), 2019-2025
12.5.4.4. Mexico Market Size (USD Million), 2019-2025
12.5.4.5. Rest of Latin America Market Size (USD Million), 2019-2025

12.6. Middle East & Africa Market Size (USD Million), 2019-2025
12.6.1. By Services
12.6.1.1. Introduction
12.6.1.2. Market Attractiveness, By Services
12.6.1.3. BPS Analysis, By Services
12.6.1.4. Post-Approval Services Market Size & Forecast (USD Million), 2019-2025
12.6.1.5. Clinical Services Market Size & Forecast (USD Million), 2019-2025
12.6.1.6. Preclinical Services Market Size & Forecast (USD Million), 2019-2025
12.6.1.7. Central Lab Services Market Size & Forecast (USD Million), 2019-2025
12.6.1.8. Others Services Market Size & Forecast (USD Million), 2019-2025
12.6.2. By Therapeutic Area
12.6.2.1. Introduction
12.6.2.2. Market Attractiveness, By Therapeutic Area
12.6.2.3. BPS Analysis, By Therapeutic Area
12.6.2.4. Diabetes Market Size & Forecast (USD Million), 2019-2025
12.6.2.5. Oncology Market Size & Forecast (USD Million), 2019-2025
12.6.2.6. Central Nervous System (CNS) Disorders Market Size & Forecast (USD Million), 2019-2025
12.6.2.7. Cardiovascular Diseases Market Size & Forecast (USD Million), 2019-2025
12.6.2.8. Respiratory Disorders Market Size & Forecast (USD Million), 2019-2025
12.6.2.9. Others Market Size & Forecast (USD Million), 2019-2025
12.6.3. By End User
12.6.3.1. Introduction
12.6.3.2. Market Attractiveness, By End User
12.6.3.3. BPS Analysis, By End User
12.6.3.4. Pharmaceutical Companies Market Size & Forecast (USD Million), 2019-2025
12.6.3.5. Academic Institutes Market Size & Forecast (USD Million), 2019-2025
12.6.3.6. Others Market Size & Forecast (USD Million), 2019-2025
12.6.4. By Country
12.6.4.1. Market Attractiveness, By Country
12.6.4.2. BPS Analysis, By Country
12.6.4.3. GCC Market Size (USD Million), 2019-2025
12.6.4.4. North Africa Market Size (USD Million), 2019-2025
12.6.4.5. South Africa Market Size (USD Million), 2019-2025
12.6.4.6. Rest of Middle East & Africa Market Size (USD Million), 2019-2025

13. Competitive Landscape
13.1. Market Share of Key Players
13.2. Market Positioning of Major Players in Global Contract Research Organization Services (CROs) Market
13.3. Company Profiles
13.3.1. Charles River Laboratories, Inc.,
13.3.2. LabCorp
13.3.3. Quintiles (IQVIA)
13.3.4. The Pharmaceutical Product Development, LLC
13.3.5. PAREXEL
13.3.6. PRA Health Sciences
13.3.7. Envigo
13.3.8. Syneos Health
13.3.9. Medpace
13.3.10. Chiltern
13.3.11. Other Major & Niche Players