The growing number of drug development projects across the globe is a key driver for the growth of contract research organization market revenue
— Emerging research
VANCOUVER, BC, CANADA, July 25, 2022 /EINPresswire.com/ — The global contract research organization (CRO) market size was USD 61.21 billion in 2021 and is expected to register a CAGR of 10.8% in over the forecast period, according to the latest analysis from Emergen Research. The growing number of drug development projects across the globe is a key driver for the market revenue growth. Over the past decade, pharmaceutical companies have launched an increasing number of new drugs each year. These companies plan to reduce overall expenses, for which they need to reduce research personnel and save on internal R&D infrastructure.
This report gives the Contract Research Organization market size, recent trends, growth, share, development status, market dynamics, cost structure and competitive landscape. The research report also includes the current market and its growth potential over the given forecast period. An exhaustive and professional study of the global Contract Research Organization market report has been carried out by industry professionals and presented in the most particular manner to showcase only the details that matter most. The report mainly focuses on the most dynamic information of the global market.
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The report further studies the major companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers an overview of their market reach and global position, as well as highlights on their achievements and financial status.
Companies Featured in the Global Contract Research Organizations Market:
IQVIA Inc., PPD, Inc., ICON Plc., Syneos Health Inc., Parexel International, Medpace Holdings, Inc., Charles River Laboratories, Inc., PRA Health Sciences, Inc., WuXi AppTec Group, Labcorp Drug Development, Kiecana Clinical Research (KCR), ClinTec International, Advanced Clinical, Pharm-Olam, LLC and WuXi Biologics.
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Emergen Research has segmented the global contract research organization market on the basis of type of service, application, end-use, and region:
Service Type Outlook (Revenue, USD Billion; 2019-2030)
Clinical research services
Early Stage Development Services
Chemistry, Manufacturing and Control Services
Toxicological analysis services
Other preclinical services
Analytical Testing Services
Bioanalytical Testing Services
Data Management Services
Data entry and validation
Database maintenance and archiving
Application Outlook (Revenue, USD Billion; 2019-2030)
The Global Contract Research Organization Market trends, development and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed and general research conclusions are offered. The growth of the global contract research organization market is expected to increase at a considerable rate during the forecast period, between 2022 and 2030. In 2022, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is predicted to rise over the projected horizon.
Major Regions Covered in the Contract Research Organization Market Report:
Middle East and Africa
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The report presents an in-depth examination of the Contract Research Organization market, expanding on its key segments. The report makes historical and future assessments of market dynamics and offers accurate data in a well-organized order.
The report assesses the most significant market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities and threats.
The report includes an in-depth study of industry variables, manufacturer value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies key regions and segments dominating the market. These regions are expected to register rapid growth over the forecast duration.
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The global contract research organization (CRO) market size was USD 61.21 billion in 2021