Latest Trends and Opportunities in Global Healthcare Contract Research Organization Market
According to a new report published by Reports Monitor titled, “Global Healthcare Contract Research Organization Market, Growth Opportunities, Innovations and Forecast, 2017-2025,”the Healthcare contract research organization market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025
Contract research services include preclinical research, biologic assay development, biopharmaceutical and pharmaceutical development, commercialization, clinical trials management, and clinical research. A pharmaceutical company outsources this work to reduce the operational cost and increases the productivity of the core businesses. Rising R&D activity to achieved competitive edge by the pharmaceutical companies is driving the growth of the market. Stringent government regulation to manufacture safe drugs are creates pressure on the pharmaceutical companies to carries of clinical trial and monitor the data which boost the growth oif the contract research organization market. High cost involve in new molecule development, stringent FDA norms to approved drugs in the market and lack of skilled manpower to work efficiently can hampers the growth of the market.
This report provides a detailed analysis of Healthcare contract research organization market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
Segmentation of healthcare contract research organization market is majorly focuses on type and services. On the basis of type, the market is segmented into drug discovery, pre-clinical and clinical based. On the basis of services, the market is segmented into clinical supply management, data management, regulatory, medical writing, clinical monitoring, quality management, bio-statistics, investigator payments, laboratory patient, site recruitment technology and others.
Global Healthcare contract research organization market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Presence of major pharmaceutical companies, rising investment in R&D and availability skilled manpower is driving the growth of the market in North America followed by Europe. Developing business environment, growing number of CRO and government support for industrialization are contributing the growth of the market in Asia-Pacific region.
Major vendors operating in the global healthcare contract research organization market are: PAREXEL International, Charles River, Medpace and Pharmaceutical Product Development, LLC., Syneos Health, IQVIA, PRA Health Sciences, Inc., ICON PLC, Quintiles, ICON and Laboratory Corporation of America Holdings etc.
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