Global Contract Research Organization (CRO) Market Growth (Status and Outlook) 2023-2029

Global Contract Research Organization (CRO) Market Growth (Status and Outlook) 2023-2029

Product Code:454494

Published Date: Feb 08,2023

Pages: 100

Region: Global

Category: Medical Care

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Contract research organization (CRO) provide clinical trial and other research support services for the pharmaceutical, biotechnology, medical device industries and also serve government institutions, foundations and universities.

LPI (LP Information)' newest research report, the “Contract Research Organization (CRO) Industry Forecast” looks at past sales and reviews total world Contract Research Organization (CRO) sales in 2022, providing a comprehensive analysis by region and market sector of projected Contract Research Organization (CRO) sales for 2023 through 2029. With Contract Research Organization (CRO) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Contract Research Organization (CRO) industry.

This Insight Report provides a comprehensive analysis of the global Contract Research Organization (CRO) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Contract Research Organization (CRO) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Contract Research Organization (CRO) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Contract Research Organization (CRO) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Contract Research Organization (CRO).

The global Contract Research Organization (CRO) market size is projected to grow from US$ 63590 million in 2022 to US$ 139050 million in 2029; it is expected to grow at a CAGR of 11.8% from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Contract Research Organization (CRO) market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Preclinical CRO
    Clinical Trial CRO

Segmentation by application
    Pharmaceutical
    Biotechnology
    Medical Device
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Labcorp
    IQVIA
    Syneos Health
    Parexel
    PRA
    PPD
    CRL
    ICON
    Wuxi Apptec
    Medpace Holdings