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Contract Research Organization Services Market Report- Increasing demand of outsourcing analytical testing and clinical trial services

ReportsnReports added Contract Research Organization Services Market Research Report created by Report Consultant, which offers detailed insights, revenue details, and other information regarding the global market, and the various trends, drivers, restraints, opportunities, and market till 2028. Contract Research Organization Services Market Report offers detailed information regarding the leading key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions and mergers, and market footprint. Contract Research Organization Services Market also provides a comparative analysis of the market dynamics pre and post Covid19 outbreak.

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Top Company Profile Analysis in this Report-

IQVIA
LabCorp
Charles river Laboratories
WuXi Apptec
Syneos Health Inc.
Paraxel International
PRA Health Sciences
PPD
ICON Plc
Medpace Holdings
SGS
PSI CRO AG
Axcent Advanced Analytics (A3)
BIO Agile Therapeutics
Firma Clinical Research
Acculab Lifesciences
Azelix
CTSERV
PEPGRA
Dove Quality Solutions

The CRO services market is expected to reach USD 73.77 billion by 2025 from USD 47.77 billion in 2020, at a CAGR of 9.1% from 2020 to 2025. Increased outsourcing of R&D activities and an increasing number of clinical trials are some of the major factors driving the growth of this market. However, lack of skilled labor in the CRO services market is one of the major challenges for the players operating in CROs market.

Among the CRO services, the laboratory services segment is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the growing outsourcing of data management services by pharmaceutical and biopharmaceutical companies.

The report analyzes the various CRO services and their adoption patterns in the market. It aims at estimating the market size and future growth potential of the global CRO services market for different segments such as type, therapeutic area, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, service offerings, recent developments, and key market strategies.

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Reasons to Buy the Report:

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a greater share. Firms purchasing the report could use any one or combination of the below-mentioned strategies for strengthening their market positions.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the service portfolios offered by the top players in the CRO services market
  • Service Launch/Innovation: Detailed insights on new service launches in the CRO services market
  • Market Development: Comprehensive information about lucrative emerging markets, by type, therapeutic area, end user, and region
  • Market Diversification: Exhaustive information about new services, growing geographies, recent developments in the CRO services market
  • Competitive Assessment: In-depth assessment of growth strategies, services, and manufacturing capabilities of leading players in the CRO services market

Table Of Contents in this Report-

1 Introduction
1.1 Objectives of study
1.2 Market definition
1.3 Market scope
1.3.1 Markets covered
1.3.2 Years considered for the study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research approach
2.2 Market size estimation
2.3 Market breakdown and data triangulation
2.4 Market share estimation
2.4.1 Key data from secondary sources
2.5 Key data from primary sources
2.5.1 Key Industry Insights
2.6 Assumptions for the study

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing R&D expenditures
5.3.1.2 Increased outsourcing of R&D activities
5.3.1.3 Increasing demand of outsourcing analytical testing and clinical trial services
5.3.1.4 Increase in clinical trials
5.3.2 Restraints
5.3.2.1 Regulatory pressure on CROs
5.3.3 Opportunities
5.3.3.1 Growing biosimilars and biologics market
5.3.3.2 Rising demand for specialized testing services
5.3.4 Challenges
5.3.4.1 Growing competition in the CRO industry
5.3.4.2 Regulatory pressure on pharma and medical device manufacturers to drive more detailed chemical analysis of drugs, and devices
5.3.4.3 Shortage of skilled professionals

6 Industry Insight
6.1 Industry Trends
6.1.1 Growing consolidation in the CROs industry
6.1.2 Globalization of clinical trials
6.1.3 Increasing demnad of outsourcing various services and preferred vendor partnerships
6.1.4 Technological Advancement

7 Contract Research Organization Market, By Services
7.1 Introduction
7.2 Early Phase Development Services
7.2.1 Discovery Studies
7.2.2 Chemistry, Manufacturing & Control
7.2.3 Preclinical
7.2.3.1 Pharmacokinetics/Pharmacodynamics (PK/PD)
7.2.3.2 Toxicology Testing
7.2.3.3 Other Preclinical Services
7.3 Clinical Research Services
7.3.1 Phase I
7.3.2 Phase II
7.3.3 Phase III
7.3.4 Phase IV
7.4 Laboratory Services
7.4.1 Bioanalytical Testing
7.4.2 Analytical Testing
7.4.2.1 Physical Characterization
7.4.2.2 Stability Testing
7.4.2.3 Batch Release Testing
7.4.2.4 Raw Material Testing
7.4.2.5 Other Analytical Testing
7.5 Consulting Services
7.6 Data Management Services

8 Contract Research Organization Market, By Therapeutic Areas

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