Market Overview:
The global contract research organization (CRO) services market grew at a CAGR of around 8% during 2015-2020. Contract research organizations (CROs) provide research-based services on a contract to government organizations in the pharmaceutical, biotechnology and related sectors. They can be either large, international full-sized organizations or small, niche specialty groups that offer drug and device research and development (R&D) services, including drug discovery, preclinical research, clinical research, etc. These services are time and cost-efficient and assist in accessing intricate knowledge of regulatory requirements and audits.
Rapid technological advancements and increasing globalization are leading various biotech and pharmaceutical companies to outsource their research and development (R&D) activities to CROs. This represents one of the key factors impelling the growth of the market. Moreover, the key players are investing significantly in clinical and non-clinical research activities outsourced to CROs. They are also engaged in merger and acquisition (M&A) activities to expand their overall reach. For instance, Covance Drug Development, a segment of Laboratory Corporation of America Holdings, purchased Envigo RMS, LLC, a key provider of research models and services to enhance the global research capabilities of Covance’s non-clinical drug development business. Furthermore, CROs are gaining prominence across the healthcare sector for research, medications, and drug delivery services. Therefore, the escalating demand for these services from healthcare providers is creating a favorable outlook for the market growth. Other factors, including the growing demand for effective drugs and healthcare devices, along with the high cost of product development and rising patient population, are projected to strengthen the market in the upcoming years. Looking forward, IMARC Group expects the global contract research organization (CRO) services market to exhibit moderate growth during the next five years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global contract research organization (CRO) services market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, therapeutic area and end user.
Breakup by Type:
- Drug Discovery
- Target Validation
- Lead Identification
- Lead Optimization
- Others
- Pre-Clinical
- Clinical
- Phase I Trial Services
- Phase II Trial Services
- Phase III Trial Services
- Phase IV Trial Services
- Others
Breakup by Therapeutic Area:
- Oncology
- Cardiology
- Infectious Disease
- Neurology
- Immunological Disorders
- Gastroenterology and Hepatology
- Others
Breakup by End User:
- Pharmaceutical and Biotechnological Companies
- Medical Device Companies
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Charles River Laboratories, Covance Inc. (Laboratory Corporation of America Holdings), ICON Plc, IQVIA Inc., Medpace, Parexel International Corporation, PPD Inc., PRA Health Sciences Inc., SGS SA, Syneos Health and WuXi AppTec.
Key Questions Answered in This Report:
- How has the global contract research organization (CRO) services market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global contract research organization (CRO) services market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the therapeutic area?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global contract research organization (CRO) services market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Contract Research Organization (CRO) Services Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Drug Discovery
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Target Validation
6.1.2.2 Lead Identification
6.1.2.3 Lead Optimization
6.1.2.4 Others
6.1.3 Market Forecast
6.2 Pre-Clinical
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Clinical
6.3.1 Market Trends
6.3.2 Major Types
6.3.2.1 Phase I Trial Services
6.3.2.2 Phase I Trial Services
6.3.2.3 Phase III Trial Services
6.3.2.4 Phase IV Trial Services
6.3.3 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Therapeutic Area
7.1 Oncology
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cardiology
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Infectious Disease
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Neurology
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Immunological Disorders
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Gastroenterology and Hepatology
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by End User
8.1 Pharmaceutical and Biotechnological Companies
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Medical Device Companies
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Charles River Laboratories
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Covance Inc. (Laboratory Corporation of America Holdings)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 ICON Plc
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 IQVIA Inc
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Medpace
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Parexel International Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 SWOT Analysis
14.3.7 PPD Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 PRA Health Sciences Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 SGS SA
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Syneos Health
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 WuXi AppTec
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Contract Research Organization Services Market: Major Drivers and Challenges
Figure 2: Global: Contract Research Organization Services Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Contract Research Organization Services Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Contract Research Organization Services Market: Breakup by Type (in %), 2020
Figure 5: Global: Contract Research Organization Services Market: Breakup by Therapeutic Area (in %), 2020
Figure 6: Global: Contract Research Organization Services Market: Breakup by End Use (in %), 2020
Figure 7: Global: Contract Research Organization Services Market: Breakup by Region (in %), 2020
Figure 8: Global: Contract Research Organization Services (Drug Discovery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Contract Research Organization Services (Drug Discovery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Contract Research Organization Services (Pre-Clinical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Contract Research Organization Services (Pre-Clinical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Contract Research Organization Services (Clinical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Contract Research Organization Services (Clinical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Contract Research Organization Services (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Contract Research Organization Services (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Contract Research Organization Services (Oncology) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Contract Research Organization Services (Oncology) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Contract Research Organization Services (Cardiology) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Contract Research Organization Services (Cardiology) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Contract Research Organization Services (Infectious Disease) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Contract Research Organization Services (Infectious Disease) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Contract Research Organization Services (Neurology) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Contract Research Organization Services (Neurology) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Contract Research Organization Services (Immunological Disorders) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Contract Research Organization Services (Immunological Disorders) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Contract Research Organization Services (Gastroenterology and Hepatology) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Contract Research Organization Services (Gastroenterology and Hepatology) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Contract Research Organization Services (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Contract Research Organization Services (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Contract Research Organization Services (Pharmaceutical and Biotechnological Companies) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Contract Research Organization Services (Pharmaceutical and Biotechnological Companies) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Contract Research Organization Services (Medical Device Companies) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Contract Research Organization Services (Medical Device Companies) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Contract Research Organization Services (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Contract Research Organization Services (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: North America: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: North America: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: United States: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: United States: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Canada: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Canada: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Asia-Pacific: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Asia-Pacific: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: China: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: China: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Japan: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Japan: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: India: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: India: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: South Korea: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: South Korea: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Australia: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Australia: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Indonesia: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Indonesia: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Others: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Others: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Europe: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Europe: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Germany: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Germany: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: France: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: France: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: United Kingdom: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: United Kingdom: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Italy: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Italy: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Spain: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Spain: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Russia: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Russia: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Latin America: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Latin America: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Brazil: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Brazil: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Mexico: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Mexico: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Others: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Middle East and Africa: Contract Research Organization Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Middle East and Africa: Contract Research Organization Services Market: Breakup by Country (in %), 2020
Figure 84: Middle East and Africa: Contract Research Organization Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Global: Contract Research Organization Services Industry: SWOT Analysis
Figure 86: Global: Contract Research Organization Services Industry: Value Chain Analysis
Figure 87: Global: Contract Research Organization Services Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Contract Research Organization Services Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Contract Research Organization Services Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Contract Research Organization Services Market Forecast: Breakup by Therapeutic Area (in Million US$), 2021-2026
Table 4: Global: Contract Research Organization Services Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 5: Global: Contract Research Organization Services Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Contract Research Organization Services Market: Competitive Structure
Table 7: Global: Contract Research Organization Services Market: Key Players