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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 92.32 billion by 2029 | 6.73% | North America |
| by Service Type | by Application | by End Use | by Region |
|---|---|---|---|
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SCOPE OF THE REPORT
Market Overview
The global contract research organization services (CROS) market size was valued at USD 51.37 billion in 2020, and projected to reach USD 92.32 billion by 2029, with a CAGR of 6.73% from 2022 to 2029.
The value of CRO services produced by organizations (organizations, sole proprietors, and partnerships) that outsource research services like clinical trial data administration, database construction and design, entry of data and validation, healthcare and disease coding, management of projects, quality and metric reporting, efficacy and safety summaries, and statistical analysis plans and reports is what makes up the CRO production market. The value of CRO services created or generated by CRO service providers active in a certain territory is included in the production market for that geography. To cut costs on R&D and accelerate the time it takes for a product to reach the market, pharmaceutical corporations choose to contract out preclinical and other drug development phases to CROs. The demand for CROs from pharmaceutical and biopharmaceutical vendors wishing to outsource their R&D is also anticipated to increase due to the high failure rate of clinical studies.
With hundreds of small to mid-sized businesses and minimal entry hurdles, the CRO sector is extremely fragmented. But there are just a few big, full-service, international CROs that offer a wide range of therapeutic and development knowledge together with significant scale, capabilities, IT systems infrastructure, and data analytics capacity. There has been some consolidation in the CRO market over the past few years, leaving only a small number of larger CROs with the necessary global infrastructure, therapeutic, and development expertise to support and complete the rigorous drug development programme of biopharmaceutical and medical device companies. However, the service packages provided by major CROs across the drug development lifecycle are becoming less distinctive.
Over the projected period, the rising prevalence of chronic illnesses is anticipated to fuel market expansion for contract research organizations. A sedentary lifestyle, poor dietary habits, cigarette use, and smoking are a few of the major causes of the rising burden of chronic illnesses. Additionally, one of the main value drivers for research-based pharmaceutical and biotechnology firms is their focus on creating innovative medicines to address unmet medical needs. The pharmaceutical industry creates a number of cutting-edge medications with important clinical advantages, companion diagnostics. One of the key factors driving the amount of pharmaceutical research & development activities and, therefore, the market demand, is the escalating number of investments by both public and private organizations.
However, the market for CRO services is experiencing a significant slowdown due to a scarcity of skilled scientists and issues with allocating personnel expertise for certain projects. Additionally, the requirement for CRO service standardization in some nations is anticipated to slow the market’s expansion overall. Furthermore, it is anticipated that the CROs’ high operational expenses would have a detrimental effect on market growth. In the upcoming years, it is anticipated that factors including strict regulatory regulations, data privacy issues, and security concerns would further restrain the development rate of the worldwide CRO services market.
Established pharmaceutical businesses are gravitating towards smaller business models with a strong dependency on outside parties, such as CROs. There are now more businesses engaged in research and medication development as a result of the biotech sector’s, clinical trials tremendous expansion over the past ten years. For those working in the contract research organization (CRO) services sector, the exponential growth in the number of existing and future drug development businesses and research projects generated a tremendous window of opportunity. Over the past ten years, outsourcing of significant or complicated parts of the drug development process has become essential for the efficient and economical creation of new medications.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) |
| Segmentation | By Service Type, By Application, By End Use, By Region. |
| By Service Type
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| By Application |
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| By End Use
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| By Region
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Contract Research Organization Services (CROs) Market Segment Analysis
Due to the increased prevalence of numerous chronic diseases and the growing need for more potent and sophisticated medications, the clinical research services segment accounted for the greatest revenue share in 2021. To assess the efficacy of novel medications that aim to enhance patients’ health, clinical research is required. Additionally, clinical research is crucial for developing medications to treat chronic and degenerative illnesses, fight disease, and improve global health. As pharma businesses outsource these activities to CROs to minimize additional operating expenses and concentrate on other tasks, the laboratory services market is anticipated to see a considerably rapid pace of revenue growth throughout the projected period.
Due to the high prevalence of cancer worldwide and continuing pipeline efforts to create potent medications for the condition, the oncology section accounted for the greatest revenue share in 2021. high need for the creation of innovative medications and treatments, which in turn is driving up the demand for research methods to be outsourced. The cost and complexity of clinical trials have also risen as a result of rigorous regulatory requirements and severe penalties for noncompliance. The therapeutic area of oncology, which is the most active and quickly growing in the CRO, is now receiving the greatest amount of focus in clinical development.
Due to rising expenditures in research and development by biopharmaceutical businesses in recent years, the biopharmaceutical industry is anticipated to account for a considerably big revenue share throughout the projection period. To avoid paying for internal research infrastructure, some businesses are outsourcing their research and development to CROs. Increased investment from private equity and venture capital firms is leading to a rise in the number of new biopharmaceutical companies. These companies usually lack the internal resources necessary to conduct research and development, therefore they outsource these tasks to CROs, which is anticipated to fuel this market segment’s revenue growth.
Contract Research Organization Services (CROs) Market Players
The global market is fragmented in nature with the presence of various key players such as Laboratory Corporation of America Holdings, IQVIA Inc., Syneos Health, Inc., Parexel International Corporation, Charles River Laboratories, Inc., Icon plc, WuXi AppTec Group, Medpace, Clinical Trial Service B.V., CTI Clinical Trial and Consulting Inc., Geneticist Inc., Linical Co. Ltd., Novotech Health Holdings, Pharmaron Beijing Co. Ltd. along with medium and small-scale regional players operating in different parts of the world. Major companies in the market compete in terms of application development capability, product launches, and development of new technologies for product formulation.
May 3, 2023 – An agreement to establish a strategic partnership with Jefferson Health (Jefferson) was announced by the Labcorp corporation. When everything is said and done, the agreements between Jefferson and Labcorp will help to form academic partnerships for teaching and the creation of cutting-edge exams.
May 1, 2023 – The introduction of Accugenix Next Generation Sequencing for Bacterial Identification and Fungal Identification was announced by Charles River Laboratories International, Inc. Millions of individual DNA fragments from a sample were concurrently sequenced by Accugenix NGS, which gives pharmaceutical and personal care firms important knowledge about microbial control.
March 10, 2023 – A strategic alliance between LEO Pharma, a market leader in medical dermatology, and ICON plc has been announced. Through this alliance, LEO Pharma will be able to scale patient-centered and cost-effective clinical trial execution, furthering its overall goal of creating one of the most effective and efficient clinical portfolio execution organisations in the sector.
Who Should Buy? Or Key Stakeholders
- Pharmaceutical companies
- Biotechnology companies
- Medical device companies
- Academic institutions
- Government agencies
- Nonprofit organizations
- Investors and financial institutions
- Contract manufacturing organizations (CMOs)
- Contract development and manufacturing organizations (CDMOs)
Contract Research Organization Services (CROs) Market Regional Analysis
Geographically, the contract research organization services (CROS) market is segmented into North America, South America, Europe, APAC and MEA.
- North America: includes the US, Canada, Mexico
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
During the forecast period, North America is anticipated to contribute 63% to the growth of the worldwide market. The R&D of medications in advanced clinical trials is still most frequently outsourced by pharmaceutical companies to North America. The region’s cutting-edge healthcare system makes it possible to identify the patient population through early diagnosis of a variety of indications. Early-stage illness therapy will benefit from this. The regional contract research organization (CRO) market is expanding as a result of factors including having access to a sizable patient pool for a variety of diseases to perform late-stage clinical studies.
Key Market Segments: Contract Research Organization Services (CROs) Market
Contract Research Organization Services (CROs) Market by Service Type, 2020-2029, (USD Billion)
- Clinical Research Services
- Early Phase Development Services
- Laboratory Services
- Consulting Services
- Data Management Services
- Others
Contract Research Organization Services (CROs) Market by Application, 2020-2029, (USD Billion)
- Oncology
- Infectious Diseases
- Immunological Disorders
- Metabolic Disorders
- Respiratory Diseases
- Cardiovascular Diseases
- Neurological Disorders
- Others
Contract Research Organization Services (CROs) Market by End Use, 2020-2029, (USD Billion)
- Medical Device Companies
- Biopharmaceutical Companies
- Academic and Research Institute
- Others
Contract Research Organization Services (CROs) Market by Region, 2020-2029, (USD Billion)
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered
Exactitude Consultancy Services Key Objectives
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the contract research organization services (CROS) market over the next 7 years?
- Who are the major players in the contract research organization services (CROS) market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the contract research organization services (CROS) market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on power system state estimator market?
- What is the current and forecasted size and growth rate of the global contract research organization services (CROS) market?
- What are the key drivers of growth in the contract research organization services (CROS) market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the contract research organization services (CROS) market?
- What are the technological advancements and innovations in the contract research organization services (CROS) market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the contract research organization services (CROS) market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the contract research organization services (CROS) market?
- What are the service offerings and specifications of leading players in the market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET OUTLOOK
- GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE, 2020-2029, (USD BILLION)
- CLINICAL RESEARCH SERVICES
- EARLY PHASE DEVELOPMENT SERVICES
- LABORATORY SERVICES
- CONSULTING SERVICES
- DATA MANAGEMENT SERVICES
- OTHERS
- GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION, 2020-2029, (USD BILLION)
- ONCOLOGY
- INFECTIOUS DISEASES
- IMMUNOLOGICAL DISORDERS
- METABOLIC DISORDERS
- RESPIRATORY DISEASES
- CARDIOVASCULAR DISEASES
- NEUROLOGICAL DISORDERS
- OTHERS
- GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE, 2020-2029, (USD BILLION)
- MEDICAL DEVICE COMPANIES
- BIOPHARMACEUTICAL COMPANIES
- ACADEMIC AND RESEARCH INSTITUTE
- OTHERS
- GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY REGION, 2020-2029, (USD BILLION)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
9.1 LABORATORY CORPORATION OF AMERICA HOLDINGS
9.2 IQVIA INC.
9.3 SYNEOS HEALTH, INC.
9.4 PAREXEL INTERNATIONAL CORPORATION
9.5 CHARLES RIVER LABORATORIES, INC.
9.6 ICON PLC
9.7 WUXI APPTEC GROUP
9.8 MEDPACE
9.9 CLINICAL TRIAL SERVICE B.V.
9.10 CTI CLINICAL TRIAL AND CONSULTING INC.
9.11 GENETICIST INC.
9.12 LINICAL CO. LTD.
9.13 NOVOTECH HEALTH HOLDINGS
9.14 PHARMARON BEIJING CO. LTD.
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â US CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â US CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â UK CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â UK CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â UK CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â UAE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â UAE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â UAE CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY REGION (USD BILLION) 2020-2029
FIGURE 12          PORTER’S FIVE FORCES MODEL
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY SERVICE TYPE (USD BILLION) 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY APPLICATION (USD BILLION) 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY END USE (USD BILLION) 2021
FIGURE 16Â Â Â Â Â Â Â Â Â Â GLOBAL CONTRACT RESEARCH ORGANIZATION SERVICES (CROS) MARKET BY REGION (USD BILLION) 2021
FIGURE 17Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 18Â Â Â Â Â Â Â Â Â Â LABORATORY CORPORATION OF AMERICA HOLDINGS: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â IQVIA INC.: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â SYNEOS HEALTH, INC.: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â PAREXEL INTERNATIONAL CORPORATION: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â CHARLES RIVER LABORATORIES, INC.: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â ICON PLC: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â WUXI APPTEC GROUP: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â MEDPACE: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â CLINICAL TRIAL SERVICE B.V.: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â CTI CLINICAL TRIAL AND CONSULTING INC.: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â GENETICIST INC.: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â LINICAL CO. LTD.: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â NOVOTECH HEALTH HOLDINGS: COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â PHARMARON BEIJING CO. LTD.: COMPANY SNAPSHOT
FAQ
The contract research organization services (CROS) market is expected to reach USD 62.46 billion by the end of 2023.
Increasing use of virtual and decentralized trials is a key trend gaining popularity.
The global contract research organization services (CROS) market size was valued at USD 51.37 billion in 2020, and projected to reach USD 92.32 billion by 2029, with a CAGR of 6.73% from 2022 to 2029.
The North America dominated the global industry in 2021 and accounted for the maximum share of more than 63% of the overall revenue.
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