Part 1
Part 2
Part 3
Part 5
Description
The global market for Contract Research Organization (CRO) was estimated to be worth US$ 73040 million in 2023 and is forecast to a readjusted size of US$ 153920 million by 2030 with a CAGR of 11.4% during the forecast period 2024-2030. A Contract Research Organization (CRO) is a company that provides support to the pharmaceutical, biotechnology, and medical device industries in the form of outsourced research services. These services can range across various stages of the drug development process, including preclinical research, clinical trials, regulatory affairs, data management, and market analysis. CROs offer their expertise to help these industries develop and commercialize new drugs, therapies, and medical devices, often by managing or conducting the clinical trials that are required by regulatory agencies before a product can enter the market.
Contract Research Organization (CRO) Market Size
M= millions and B=billions
Global Contract Research Organization (CRO) key players include Labcorp, IQVIA, ICON, Parexel, Syneos Health, etc. Global top five manufacturers hold a share over 30%. USA is the largest market, with a share over 45%, followed by Europe and China, both have a share over 40%. In terms of product, Clinical Trial CRO is the largest segment, with a share over 65%. And in terms of application, the largest application is Pharmaceutical, followed by Biotechnology, Medical Device, etc.
The Contract Research Organization (CRO) market has been growing and evolving rapidly, influenced by changes in the pharmaceutical, biotech, and medical device industries. Here are the key trends shaping the CRO market:
Increased Outsourcing in Biopharma and Medical Device Sectors
Growing Demand for R&D Outsourcing: Pharmaceutical and biotech companies are increasingly outsourcing clinical trials and drug development tasks to CROs to reduce costs, speed up timelines, and gain access to specialized expertise.
Small and Mid-Sized Enterprises (SMEs): Smaller companies with limited resources, especially in the biotech sector, are using CRO services to manage their clinical and preclinical studies, focusing on their core research areas.
Adoption of Decentralized and Hybrid Clinical Trials
Decentralized Clinical Trials (DCTs): The COVID-19 pandemic accelerated the adoption of remote and decentralized trials, where CROs use technology like wearable devices, telemedicine, and remote monitoring to reduce patient site visits.
Hybrid Trials: Many CROs are now supporting hybrid trial models, where some trial elements are conducted on-site and others remotely, allowing greater flexibility in patient recruitment and retention.
Increased Focus on Rare Diseases and Specialty Therapies
Orphan Drugs and Personalized Medicine: CROs are focusing more on rare disease trials and personalized medicine, which require niche expertise and innovative trial designs. This focus is driven by advances in genetic and biomarker testing, which allow for more targeted treatment approaches.
Oncology: As one of the most active areas of clinical research, oncology continues to drive demand for CROs due to the complexity and duration of cancer trials and the need for innovative approaches in recruitment and data analysis.
Technological Advancements in Data Collection and Analysis
Artificial Intelligence (AI) and Machine Learning (ML): CROs are leveraging AI and ML for predictive analytics, patient recruitment, and data analysis, enhancing efficiency and accuracy in clinical trials.
Digital Health Tools and Wearable Technology: Real-time data collection from wearables and other digital health devices allows CROs to monitor patient health remotely and continuously, reducing reliance on site visits and improving data quality.
The Contract Research Organization (CRO) market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Contract Research Organization (CRO).
Market Segmentation
Report Metric
Details
Report Title
Contract Research Organization (CRO)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Forecasted Market Size in 2030
US$ 153920 million
CAGR(2024-2030)
11.4%
Market Size Available for Years
2019-2030
Global Contract Research Organization (CRO) Companies Covered
Labcorp, IQVIA, Syneos Health, Parexel, PRA, PPD, CRL, ICON, Wuxi Apptec, Medpace Holdings, Tigermed, Boji Medical Technology, Pharmaron
Global Contract Research Organization (CRO) Market, by Region
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Contract Research Organization (CRO) Market, Segment by Type
Preclinical CRO
Clinical Trial CRO
Global Contract Research Organization (CRO) Market, Segment by Application
Pharmaceutical
Biotechnology
Medical Device
Others
Forecast Units
USD million in value
Report Coverage
Revenue and volume forecast, company share, competitive landscape, growth factors and trends
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Contract Research Organization (CRO) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Contract Research Organization (CRO) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Contract Research Organization (CRO) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
1.1 Contract Research Organization (CRO) Product Introduction
1.2 Global Contract Research Organization (CRO) Market Size Forecast (2019-2030)
1.3 Contract Research Organization (CRO) Market Trends & Drivers
1.3.1 Contract Research Organization (CRO) Industry Trends
1.3.2 Contract Research Organization (CRO) Market Drivers & Opportunity
1.3.3 Contract Research Organization (CRO) Market Challenges
1.3.4 Contract Research Organization (CRO) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Contract Research Organization (CRO) Players Revenue Ranking (2023)
2.2 Global Contract Research Organization (CRO) Revenue by Company (2019-2024)
2.3 Key Companies Contract Research Organization (CRO) Manufacturing Base Distribution and Headquarters
2.4 Key Companies Contract Research Organization (CRO) Product Offered
2.5 Key Companies Time to Begin Mass Production of Contract Research Organization (CRO)
2.6 Contract Research Organization (CRO) Market Competitive Analysis
2.6.1 Contract Research Organization (CRO) Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by Contract Research Organization (CRO) Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Contract Research Organization (CRO) as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Preclinical CRO
3.1.2 Clinical Trial CRO
3.2 Global Contract Research Organization (CRO) Sales Value by Type
3.2.1 Global Contract Research Organization (CRO) Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Contract Research Organization (CRO) Sales Value, by Type (2019-2030)
3.2.3 Global Contract Research Organization (CRO) Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Pharmaceutical
4.1.2 Biotechnology
4.1.3 Medical Device
4.1.4 Others
4.2 Global Contract Research Organization (CRO) Sales Value by Application
4.2.1 Global Contract Research Organization (CRO) Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Contract Research Organization (CRO) Sales Value, by Application (2019-2030)
4.2.3 Global Contract Research Organization (CRO) Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global Contract Research Organization (CRO) Sales Value by Region
5.1.1 Global Contract Research Organization (CRO) Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Contract Research Organization (CRO) Sales Value by Region (2019-2024)
5.1.3 Global Contract Research Organization (CRO) Sales Value by Region (2025-2030)
5.1.4 Global Contract Research Organization (CRO) Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America Contract Research Organization (CRO) Sales Value, 2019-2030
5.2.2 North America Contract Research Organization (CRO) Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe Contract Research Organization (CRO) Sales Value, 2019-2030
5.3.2 Europe Contract Research Organization (CRO) Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific Contract Research Organization (CRO) Sales Value, 2019-2030
5.4.2 Asia Pacific Contract Research Organization (CRO) Sales Value by Region (%), 2023 VS 2030
5.5 South America
5.5.1 South America Contract Research Organization (CRO) Sales Value, 2019-2030
5.5.2 South America Contract Research Organization (CRO) Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa Contract Research Organization (CRO) Sales Value, 2019-2030
5.6.2 Middle East & Africa Contract Research Organization (CRO) Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Contract Research Organization (CRO) Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Contract Research Organization (CRO) Sales Value, 2019-2030
6.3 United States
6.3.1 United States Contract Research Organization (CRO) Sales Value, 2019-2030
6.3.2 United States Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Contract Research Organization (CRO) Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Contract Research Organization (CRO) Sales Value, 2019-2030
6.4.2 Europe Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Contract Research Organization (CRO) Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Contract Research Organization (CRO) Sales Value, 2019-2030
6.5.2 China Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
6.5.3 China Contract Research Organization (CRO) Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Contract Research Organization (CRO) Sales Value, 2019-2030
6.6.2 Japan Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Contract Research Organization (CRO) Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Contract Research Organization (CRO) Sales Value, 2019-2030
6.7.2 South Korea Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Contract Research Organization (CRO) Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Contract Research Organization (CRO) Sales Value, 2019-2030
6.8.2 Southeast Asia Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Contract Research Organization (CRO) Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Contract Research Organization (CRO) Sales Value, 2019-2030
6.9.2 India Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
6.9.3 India Contract Research Organization (CRO) Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Labcorp
7.1.1 Labcorp Profile
7.1.2 Labcorp Main Business
7.1.3 Labcorp Contract Research Organization (CRO) Products, Services and Solutions
7.1.4 Labcorp Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.1.5 Labcorp Recent Developments
7.2 IQVIA
7.2.1 IQVIA Profile
7.2.2 IQVIA Main Business
7.2.3 IQVIA Contract Research Organization (CRO) Products, Services and Solutions
7.2.4 IQVIA Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.2.5 IQVIA Recent Developments
7.3 Syneos Health
7.3.1 Syneos Health Profile
7.3.2 Syneos Health Main Business
7.3.3 Syneos Health Contract Research Organization (CRO) Products, Services and Solutions
7.3.4 Syneos Health Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.3.5 Syneos Health Recent Developments
7.4 Parexel
7.4.1 Parexel Profile
7.4.2 Parexel Main Business
7.4.3 Parexel Contract Research Organization (CRO) Products, Services and Solutions
7.4.4 Parexel Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.4.5 Parexel Recent Developments
7.5 PRA
7.5.1 PRA Profile
7.5.2 PRA Main Business
7.5.3 PRA Contract Research Organization (CRO) Products, Services and Solutions
7.5.4 PRA Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.5.5 PRA Recent Developments
7.6 PPD
7.6.1 PPD Profile
7.6.2 PPD Main Business
7.6.3 PPD Contract Research Organization (CRO) Products, Services and Solutions
7.6.4 PPD Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.6.5 PPD Recent Developments
7.7 CRL
7.7.1 CRL Profile
7.7.2 CRL Main Business
7.7.3 CRL Contract Research Organization (CRO) Products, Services and Solutions
7.7.4 CRL Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.7.5 CRL Recent Developments
7.8 ICON
7.8.1 ICON Profile
7.8.2 ICON Main Business
7.8.3 ICON Contract Research Organization (CRO) Products, Services and Solutions
7.8.4 ICON Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.8.5 ICON Recent Developments
7.9 Wuxi Apptec
7.9.1 Wuxi Apptec Profile
7.9.2 Wuxi Apptec Main Business
7.9.3 Wuxi Apptec Contract Research Organization (CRO) Products, Services and Solutions
7.9.4 Wuxi Apptec Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.9.5 Wuxi Apptec Recent Developments
7.10 Medpace Holdings
7.10.1 Medpace Holdings Profile
7.10.2 Medpace Holdings Main Business
7.10.3 Medpace Holdings Contract Research Organization (CRO) Products, Services and Solutions
7.10.4 Medpace Holdings Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.10.5 Medpace Holdings Recent Developments
7.11 Tigermed
7.11.1 Tigermed Profile
7.11.2 Tigermed Main Business
7.11.3 Tigermed Contract Research Organization (CRO) Products, Services and Solutions
7.11.4 Tigermed Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.11.5 Tigermed Recent Developments
7.12 Boji Medical Technology
7.12.1 Boji Medical Technology Profile
7.12.2 Boji Medical Technology Main Business
7.12.3 Boji Medical Technology Contract Research Organization (CRO) Products, Services and Solutions
7.12.4 Boji Medical Technology Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.12.5 Boji Medical Technology Recent Developments
7.13 Pharmaron
7.13.1 Pharmaron Profile
7.13.2 Pharmaron Main Business
7.13.3 Pharmaron Contract Research Organization (CRO) Products, Services and Solutions
7.13.4 Pharmaron Contract Research Organization (CRO) Revenue (US$ Million) & (2019-2024)
7.13.5 Pharmaron Recent Developments
8 Industry Chain Analysis
8.1 Contract Research Organization (CRO) Industrial Chain
8.2 Contract Research Organization (CRO) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Contract Research Organization (CRO) Sales Model
8.5.2 Sales Channel
8.5.3 Contract Research Organization (CRO) Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
Table of Figures
List of Tables
Table 1. Contract Research Organization (CRO) Market Trends
Table 2. Contract Research Organization (CRO) Market Drivers & Opportunity
Table 3. Contract Research Organization (CRO) Market Challenges
Table 4. Contract Research Organization (CRO) Market Restraints
Table 5. Global Contract Research Organization (CRO) Revenue by Company (2019-2024) & (US$ Million)
Table 6. Global Contract Research Organization (CRO) Revenue Market Share by Company (2019-2024)
Table 7. Key Companies Contract Research Organization (CRO) Manufacturing Base Distribution and Headquarters
Table 8. Key Companies Contract Research Organization (CRO) Product Type
Table 9. Key Companies Time to Begin Mass Production of Contract Research Organization (CRO)
Table 10. Global Contract Research Organization (CRO) Companies Market Concentration Ratio (CR5 and HHI)
Table 11. Global Top Companies Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Contract Research Organization (CRO) as of 2023)
Table 12. Mergers & Acquisitions, Expansion Plans
Table 13. Global Contract Research Organization (CRO) Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
Table 14. Global Contract Research Organization (CRO) Sales Value by Type (2019-2024) & (US$ Million)
Table 15. Global Contract Research Organization (CRO) Sales Value by Type (2025-2030) & (US$ Million)
Table 16. Global Contract Research Organization (CRO) Sales Market Share in Value by Type (2019-2024)
Table 17. Global Contract Research Organization (CRO) Sales Market Share in Value by Type (2025-2030)
Table 18. Global Contract Research Organization (CRO) Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)
Table 19. Global Contract Research Organization (CRO) Sales Value by Application (2019-2024) & (US$ Million)
Table 20. Global Contract Research Organization (CRO) Sales Value by Application (2025-2030) & (US$ Million)
Table 21. Global Contract Research Organization (CRO) Sales Market Share in Value by Application (2019-2024)
Table 22. Global Contract Research Organization (CRO) Sales Market Share in Value by Application (2025-2030)
Table 23. Global Contract Research Organization (CRO) Sales Value by Region, (2019 VS 2023 VS 2030) & (US$ Million)
Table 24. Global Contract Research Organization (CRO) Sales Value by Region (2019-2024) & (US$ Million)
Table 25. Global Contract Research Organization (CRO) Sales Value by Region (2025-2030) & (US$ Million)
Table 26. Global Contract Research Organization (CRO) Sales Value by Region (2019-2024) & (%)
Table 27. Global Contract Research Organization (CRO) Sales Value by Region (2025-2030) & (%)
Table 28. Key Countries/Regions Contract Research Organization (CRO) Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030
Table 29. Key Countries/Regions Contract Research Organization (CRO) Sales Value, (2019-2024) & (US$ Million)
Table 30. Key Countries/Regions Contract Research Organization (CRO) Sales Value, (2025-2030) & (US$ Million)
Table 31. Labcorp Basic Information List
Table 32. Labcorp Description and Business Overview
Table 33. Labcorp Contract Research Organization (CRO) Products, Services and Solutions
Table 34. Revenue (US$ Million) in Contract Research Organization (CRO) Business of Labcorp (2019-2024)
Table 35. Labcorp Recent Developments
Table 36. IQVIA Basic Information List
Table 37. IQVIA Description and Business Overview
Table 38. IQVIA Contract Research Organization (CRO) Products, Services and Solutions
Table 39. Revenue (US$ Million) in Contract Research Organization (CRO) Business of IQVIA (2019-2024)
Table 40. IQVIA Recent Developments
Table 41. Syneos Health Basic Information List
Table 42. Syneos Health Description and Business Overview
Table 43. Syneos Health Contract Research Organization (CRO) Products, Services and Solutions
Table 44. Revenue (US$ Million) in Contract Research Organization (CRO) Business of Syneos Health (2019-2024)
Table 45. Syneos Health Recent Developments
Table 46. Parexel Basic Information List
Table 47. Parexel Description and Business Overview
Table 48. Parexel Contract Research Organization (CRO) Products, Services and Solutions
Table 49. Revenue (US$ Million) in Contract Research Organization (CRO) Business of Parexel (2019-2024)
Table 50. Parexel Recent Developments
Table 51. PRA Basic Information List
Table 52. PRA Description and Business Overview
Table 53. PRA Contract Research Organization (CRO) Products, Services and Solutions
Table 54. Revenue (US$ Million) in Contract Research Organization (CRO) Business of PRA (2019-2024)
Table 55. PRA Recent Developments
Table 56. PPD Basic Information List
Table 57. PPD Description and Business Overview
Table 58. PPD Contract Research Organization (CRO) Products, Services and Solutions
Table 59. Revenue (US$ Million) in Contract Research Organization (CRO) Business of PPD (2019-2024)
Table 60. PPD Recent Developments
Table 61. CRL Basic Information List
Table 62. CRL Description and Business Overview
Table 63. CRL Contract Research Organization (CRO) Products, Services and Solutions
Table 64. Revenue (US$ Million) in Contract Research Organization (CRO) Business of CRL (2019-2024)
Table 65. CRL Recent Developments
Table 66. ICON Basic Information List
Table 67. ICON Description and Business Overview
Table 68. ICON Contract Research Organization (CRO) Products, Services and Solutions
Table 69. Revenue (US$ Million) in Contract Research Organization (CRO) Business of ICON (2019-2024)
Table 70. ICON Recent Developments
Table 71. Wuxi Apptec Basic Information List
Table 72. Wuxi Apptec Description and Business Overview
Table 73. Wuxi Apptec Contract Research Organization (CRO) Products, Services and Solutions
Table 74. Revenue (US$ Million) in Contract Research Organization (CRO) Business of Wuxi Apptec (2019-2024)
Table 75. Wuxi Apptec Recent Developments
Table 76. Medpace Holdings Basic Information List
Table 77. Medpace Holdings Description and Business Overview
Table 78. Medpace Holdings Contract Research Organization (CRO) Products, Services and Solutions
Table 79. Revenue (US$ Million) in Contract Research Organization (CRO) Business of Medpace Holdings (2019-2024)
Table 80. Medpace Holdings Recent Developments
Table 81. Tigermed Basic Information List
Table 82. Tigermed Description and Business Overview
Table 83. Tigermed Contract Research Organization (CRO) Products, Services and Solutions
Table 84. Revenue (US$ Million) in Contract Research Organization (CRO) Business of Tigermed (2019-2024)
Table 85. Tigermed Recent Developments
Table 86. Boji Medical Technology Basic Information List
Table 87. Boji Medical Technology Description and Business Overview
Table 88. Boji Medical Technology Contract Research Organization (CRO) Products, Services and Solutions
Table 89. Revenue (US$ Million) in Contract Research Organization (CRO) Business of Boji Medical Technology (2019-2024)
Table 90. Boji Medical Technology Recent Developments
Table 91. Pharmaron Basic Information List
Table 92. Pharmaron Description and Business Overview
Table 93. Pharmaron Contract Research Organization (CRO) Products, Services and Solutions
Table 94. Revenue (US$ Million) in Contract Research Organization (CRO) Business of Pharmaron (2019-2024)
Table 95. Pharmaron Recent Developments
Table 96. Key Raw Materials Lists
Table 97. Raw Materials Key Suppliers Lists
Table 98. Contract Research Organization (CRO) Downstream Customers
Table 99. Contract Research Organization (CRO) Distributors List
Table 100. Research Programs/Design for This Report
Table 101. Key Data Information from Secondary Sources
Table 102. Key Data Information from Primary Sources
Table 103. Business Unit and Senior & Team Lead Analysts
List of Figures
Figure 1. Contract Research Organization (CRO) Product Picture
Figure 2. Global Contract Research Organization (CRO) Sales Value, 2019 VS 2023 VS 2030 (US$ Million)
Figure 3. Global Contract Research Organization (CRO) Sales Value (2019-2030) & (US$ Million)
Figure 4. Contract Research Organization (CRO) Report Years Considered
Figure 5. Global Contract Research Organization (CRO) Players Revenue Ranking (2023) & (US$ Million)
Figure 6. The 5 and 10 Largest Companies in the World: Market Share by Contract Research Organization (CRO) Revenue in 2023
Figure 7. Contract Research Organization (CRO) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023
Figure 8. Preclinical CRO Picture
Figure 9. Clinical Trial CRO Picture
Figure 10. Global Contract Research Organization (CRO) Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)
Figure 11. Global Contract Research Organization (CRO) Sales Value Market Share by Type, 2023 & 2030
Figure 12. Product Picture of Pharmaceutical
Figure 13. Product Picture of Biotechnology
Figure 14. Product Picture of Medical Device
Figure 15. Product Picture of Others
Figure 16. Global Contract Research Organization (CRO) Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)
Figure 17. Global Contract Research Organization (CRO) Sales Value Market Share by Application, 2023 & 2030
Figure 18. North America Contract Research Organization (CRO) Sales Value (2019-2030) & (US$ Million)
Figure 19. North America Contract Research Organization (CRO) Sales Value by Country (%), 2023 VS 2030
Figure 20. Europe Contract Research Organization (CRO) Sales Value, (2019-2030) & (US$ Million)
Figure 21. Europe Contract Research Organization (CRO) Sales Value by Country (%), 2023 VS 2030
Figure 22. Asia Pacific Contract Research Organization (CRO) Sales Value, (2019-2030) & (US$ Million)
Figure 23. Asia Pacific Contract Research Organization (CRO) Sales Value by Region (%), 2023 VS 2030
Figure 24. South America Contract Research Organization (CRO) Sales Value, (2019-2030) & (US$ Million)
Figure 25. South America Contract Research Organization (CRO) Sales Value by Country (%), 2023 VS 2030
Figure 26. Middle East & Africa Contract Research Organization (CRO) Sales Value, (2019-2030) & (US$ Million)
Figure 27. Middle East & Africa Contract Research Organization (CRO) Sales Value by Country (%), 2023 VS 2030
Figure 28. Key Countries/Regions Contract Research Organization (CRO) Sales Value (%), (2019-2030)
Figure 29. United States Contract Research Organization (CRO) Sales Value, (2019-2030) & (US$ Million)
Figure 30. United States Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
Figure 31. United States Contract Research Organization (CRO) Sales Value by Application (%), 2023 VS 2030
Figure 32. Europe Contract Research Organization (CRO) Sales Value, (2019-2030) & (US$ Million)
Figure 33. Europe Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
Figure 34. Europe Contract Research Organization (CRO) Sales Value by Application (%), 2023 VS 2030
Figure 35. China Contract Research Organization (CRO) Sales Value, (2019-2030) & (US$ Million)
Figure 36. China Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
Figure 37. China Contract Research Organization (CRO) Sales Value by Application (%), 2023 VS 2030
Figure 38. Japan Contract Research Organization (CRO) Sales Value, (2019-2030) & (US$ Million)
Figure 39. Japan Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
Figure 40. Japan Contract Research Organization (CRO) Sales Value by Application (%), 2023 VS 2030
Figure 41. South Korea Contract Research Organization (CRO) Sales Value, (2019-2030) & (US$ Million)
Figure 42. South Korea Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
Figure 43. South Korea Contract Research Organization (CRO) Sales Value by Application (%), 2023 VS 2030
Figure 44. Southeast Asia Contract Research Organization (CRO) Sales Value, (2019-2030) & (US$ Million)
Figure 45. Southeast Asia Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
Figure 46. Southeast Asia Contract Research Organization (CRO) Sales Value by Application (%), 2023 VS 2030
Figure 47. India Contract Research Organization (CRO) Sales Value, (2019-2030) & (US$ Million)
Figure 48. India Contract Research Organization (CRO) Sales Value by Type (%), 2023 VS 2030
Figure 49. India Contract Research Organization (CRO) Sales Value by Application (%), 2023 VS 2030
Figure 50. Contract Research Organization (CRO) Industrial Chain
Figure 51. Contract Research Organization (CRO) Manufacturing Cost Structure
Figure 52. Channels of Distribution (Direct Sales, and Distribution)
Figure 53. Bottom-up and Top-down Approaches for This Report
Figure 54. Data Triangulation
Figure 55. Key Executives Interviewed
Description
The global market for Contract Research Organization (CRO) was estimated to be worth US$ 73040 million in 2023 and is forecast to a readjusted size of US$ 153920 million by 2030 with a CAGR of 11.4% during the forecast period 2024-2030. A Contract Research Organization (CRO) is a company that provides support to the pharmaceutical, biotechnology, and medical device industries in the form of outsourced research services. These services can range across various stages of the drug development process, including preclinical research, clinical trials, regulatory affairs, data management, and market analysis. CROs offer their expertise to help these industries develop and commercialize new drugs, therapies, and medical devices, often by managing or conducting the clinical trials that are required by regulatory agencies before a product can enter the market.
Global Contract Research Organization (CRO) key players include Labcorp, IQVIA, ICON, Parexel, Syneos Health, etc. Global top five manufacturers hold a share over 30%. USA is the largest market, with a share over 45%, followed by Europe and China, both have a share over 40%. In terms of product, Clinical Trial CRO is the largest segment, with a share over 65%. And in terms of application, the largest application is Pharmaceutical, followed by Biotechnology, Medical Device, etc.
The Contract Research Organization (CRO) market has been growing and evolving rapidly, influenced by changes in the pharmaceutical, biotech, and medical device industries. Here are the key trends shaping the CRO market:
Increased Outsourcing in Biopharma and Medical Device Sectors
Growing Demand for R&D Outsourcing: Pharmaceutical and biotech companies are increasingly outsourcing clinical trials and drug development tasks to CROs to reduce costs, speed up timelines, and gain access to specialized expertise.
Small and Mid-Sized Enterprises (SMEs): Smaller companies with limited resources, especially in the biotech sector, are using CRO services to manage their clinical and preclinical studies, focusing on their core research areas.
Adoption of Decentralized and Hybrid Clinical Trials
Decentralized Clinical Trials (DCTs): The COVID-19 pandemic accelerated the adoption of remote and decentralized trials, where CROs use technology like wearable devices, telemedicine, and remote monitoring to reduce patient site visits.
Hybrid Trials: Many CROs are now supporting hybrid trial models, where some trial elements are conducted on-site and others remotely, allowing greater flexibility in patient recruitment and retention.
Increased Focus on Rare Diseases and Specialty Therapies
Orphan Drugs and Personalized Medicine: CROs are focusing more on rare disease trials and personalized medicine, which require niche expertise and innovative trial designs. This focus is driven by advances in genetic and biomarker testing, which allow for more targeted treatment approaches.
Oncology: As one of the most active areas of clinical research, oncology continues to drive demand for CROs due to the complexity and duration of cancer trials and the need for innovative approaches in recruitment and data analysis.
Technological Advancements in Data Collection and Analysis
Artificial Intelligence (AI) and Machine Learning (ML): CROs are leveraging AI and ML for predictive analytics, patient recruitment, and data analysis, enhancing efficiency and accuracy in clinical trials.
Digital Health Tools and Wearable Technology: Real-time data collection from wearables and other digital health devices allows CROs to monitor patient health remotely and continuously, reducing reliance on site visits and improving data quality.
The Contract Research Organization (CRO) market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Contract Research Organization (CRO).
Market Segmentation
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Contract Research Organization (CRO) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Contract Research Organization (CRO) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Contract Research Organization (CRO) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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English
Simon Lee
English
Hitesh
Chinese
Damon
Japanese
Tang Xin
Korean
Sung-Bin Yoon
Competition
Key players, new entrants,acquisitions, mergers and expansions,development trends and challenges.
Industry Analysis
Rawmaterial, application, product type, demand,supply,downstream, supply chain etc.
Market Size
Capacity, production, sales, revenue, price, cost etc.
Customized Information
We can offer customized survey and information to meet ourclient's need.
Fastest report delivery service
More than 17 years of vast experience
Operation for 24 * 7 & 365 days
In-depth and comprehensive analysis
Professional and timely after-sales service
Owns large database
English
Simon Lee
English
Hitesh
Chinese
Damon
Japanese
Tang Xin
Korean
Sung-Bin Yoon
Competition
Key players, new entrants,acquisitions, mergers and expansions,development trends and challenges.
Industry Analysis
Rawmaterial, application, product type, demand,supply,downstream, supply chain etc.
Market Size
Capacity, production, sales, revenue, price, cost etc.
Customized Information
We can offer customized survey and information to meet ourclient's need.
Fastest report delivery service
More than 17 years of vast experience
Operation for 24 * 7 & 365 days
In-depth and comprehensive analysis
Professional and timely after-sales service
Owns large database
Add to Cart
Buy Now