1. Market Research
  2. > Business Services
  3. > Business Outsourcing Market Trends

Global CRO Market : Transformation, Developments, Opportunities and Future of CRO Market

  • 268 pages, published in February 2015
  • By Frost & Sullivan
  • Report Number: 2672043

Summary

Table of Contents

Key Findings

•The global Contract Research Organization (CRO) market was $ x billion in 2014 and is expected to reach $ x billion in 2019, growing at a robust CAGR (2014–2019) of x %.
•The penetration of the global CRO market stood at x % in 2014 against the potential outsourcing market, providing a huge opportunity for CRO companies to increase their market share.
•The share of services, such as Data Management, Biostatistics, Health Economic Outcome Research (HEOR), and Central Labs is expected to grow at a double-digit rate in the next x – years.
•Geographic outsourcing to lower-cost locations is likely to result in lesser margins but increased volume share in the short term. However, with increased capacity and scale, companies are expected to improve their margins during the rest of the forecast period.
•The volume of outsourcing to emerging markets is expected to increase significantly. However, North America will retain a large portion of the high-value business.
•Specialized services, such as eClinical Trial Solutions, Adaptive Trial Designs, and Health Economic Outcomes Research, are expected to transform the way clinical trials are performed today.
•Phase III is the highest revenue-generating segment with $ x billion revenue in 2014 and accounted for x % of total CRO outsourcing market.
•Globally, Pharmacovigilance is expected to witness highest growth rate during the forecast period with a CAGR (2014–2019) of x %, closely followed by Phase IV with a CAGR (2014–2019) of x %.
•APAC region will experience the highest growth rate in forecast period, outpacing other regions, with a CAGR of x % between 2014–2019.
•Data management in the APAC region is expected to witness the highest growth rate of x % compared to all other segments.
•The top ten CRO companies contributed to x % of the total CRO market in 2014. Quintiles leads the market with x % of global market share, followed by Covance ( x %), Parexel ( x %), PRA International ( x %), and PPD ( x %).
•M&A will continue to drive consolidation in the CRO industry. Larger companies will continue to expand through acquisitions. LabCorp’s acquisition of Covance, the second largest CRO company, is an example of the former’s aggressive expansion strategy.

Geographical Segmentations:

•North America
•Europe
•Asia-Pacific (APAC)
•Rest of World (ROW)
•This research service analyses the global clinical trials and research outsourcing (CRO) market.
•It provides revenue forecasts for CROs globally by phase, therapeutic type, and region.
•The research study addresses major issues and challenges, unmet needs, and emerging trends in the market. In addition, it outlines market drivers and restraints and R&D trends.

Key Questions This Study Will Answer

How will contract research outsourcing help in drug development by saving time and cost for manufacturers?
What is the impact of the market growth in different regions?
Who are the dominant market participants in the CRO market and their market share contribution?
What are the key market trends observed toward expansion of contract research organizations in drug development across key therapeutic areas?
Do the products/services offered today meet customer needs or is additional development needed?
What are the key segments to look out for and what are the key trends in the market?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you get this report now

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers
C-Level Enterprise Data Center Assessment: Market Strategies, Analysis, and Opportunities, 2017-2023

C-Level Enterprise Data Center Assessment: Market Strategies, Analysis, and Opportunities, 2017-2023

  • $ 19000
  • Industry report
  • February 2017
  • by WinterGreen Research

C-Level Enterprise Data Center Assessment: WinterGreen Research announces a study to address the move from Ethernet wiring for the data center with Cat5e to fiber. The ability to get optics going in the ...

Data Center as a Bottleneck: Market Strategies, Analysis and Opportunities

Data Center as a Bottleneck: Market Strategies, Analysis and Opportunities

  • $ 19000
  • Industry report
  • January 2017
  • by WinterGreen Research

This 2017 module has 138 pages and 67 tables and figures Worldwide hyperscale data center markets implement cloud computing with shared resource and the aim, more or less achieved of providing foolproof ...

Asia-Pacific Managed Security Services Market, Forecast to 2020

Asia-Pacific Managed Security Services Market, Forecast to 2020

  • $ 15000
  • Industry report
  • February 2017
  • by Frost & Sullivan

Growing Demand for Advanced Detection and Remediation Driving the Market Scope of the Study This research study provides an analysis of the Asia-Pacific Managed Security Services (MSS) market. Scope: Managed ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.