Healthcare contract research organizations (CROs) are companies that provide outsourced research services to pharmaceutical and biotechnology companies. These services include clinical trial management, regulatory affairs, and medical writing. CROs help pharmaceutical and biotechnology companies to accelerate the drug development process, reduce costs, and improve efficiency.
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The increasing demand for outsourcing clinical trials is one of the key drivers of the market. Pharmaceutical and biotechnology companies are increasingly outsourcing clinical trials to CROs to reduce costs, improve efficiency, and accelerate the drug development process. CROs offer a range of services, including clinical trial management, regulatory affairs, and medical writing, which help pharmaceutical and biotechnology companies to streamline the drug development process and bring drugs to market faster.
The growing prevalence of chronic diseases is another factor driving the growth of the healthcare contract research organizations market. Chronic diseases such as cancer, diabetes, and cardiovascular disease are major drivers of the demand for new drugs and medical treatments. As the prevalence of chronic diseases continues to increase globally, the demand for healthcare contract research organizations is also expected to increase, driving the growth of the market.
The rising number of drug approvals is also driving the growth of the healthcare contract research organizations market. As more drugs are approved for use by regulatory agencies, such as the US Food and Drug Administration (FDA), the demand for clinical trials and research services is expected to increase. CROs are well-positioned to benefit from this trend, as they offer a range of services to pharmaceutical and biotechnology companies looking to bring new drugs to market.
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The global healthcare contract research organizations market size was valued at USD 40.5 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030.
Key Players Influencing the Healthcare Contract Research Organizations Market:
Advanced Clinical, BioAgile Therapeutics Pvt. Ltd., Charles River Laboratories International, Inc., Clinipace, CTI Clinical Trial & Consulting, Frontage Labs, ICON plc, IQVIA Inc., Parexel International Corporation, Syneos Health, Thermo Fisher Scientific Inc., Worldwide Clinical Trials, WuXi AppTec, Other Market Participants
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Our 420+ Pages Report titled, Healthcare Contract Research Organizations Market will include extensive information on the following pointers:
- Global market size and forecast values (2015 – 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
- Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
- Years Considered (2015 – 2030)
- (Historic Years: 2015 – 2020
- Base Year: 2021
- Forecast Years: 2022 – 2030)
- Market determinants and Influencing Factors
- Market Dynamics (Drivers, Restraints, Opportunities and Trends)
- Analysis on Impact of Covid-19 on Global Healthcare Contract Research Organizations Market
- Macro-Economic and Micro-Economic Indicators
- Porter’s Five Forces Analysis
- Regulatory Landscape
- PESTEL Analysis
- Competitive Benchmarking: Global Presence and Growth Strategies
- (Mergers and Acquisitions
- Product Launches
- Investments Trends
- R&D Initiatives)
- Market Share Analysis, 2021
- Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
- Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
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Global Healthcare Contract Research Organizations Market:
By Services
- Clinical Monitoring & Trial Management
- Data and Project Management
- Medical Writing and Publishing
- Regulatory Services
- Patient Recruitment & Retention
- Safety and Pharmacovigilance
- Statistical Review & Reporting
- Consulting Services
- Others
By Development Phase
- Planning & Discovery
- Phase I
- Phase II
- Phase III
- Phase IV
- Post Launch
By Organization Size
- Small and Medium Organizations
- Large Organizations
By Therapeutic Areas
- Cardiovascular
- Oncology and Hematology
- Infectious Diseases
- Neurology
- Rare Diseases
- Respiratory
- Urology
- Cell & Gene Therapy
- Women’s Health
- Vaccine Development
- Others
By End Users
- Pharmaceutical Companies
- Biotechnology Companies
- Medical Device Companies
- Others
By Region
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
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