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Contract Research Organization Services Market By Type (Clinical Trial Services, Medical Writing Services, Regulatory Services, Clinical Data Management Services) - Growth, Future Prospects And Competitive Analysis, 2016 - 2023

Published: Dec 2016 | Report Code: 58276-12-16

This report titled “Contract Research Organization (CRO) Services Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2023” offers strategic insights into the trends in contract research organization services market along with the market size and forecast for the duration 2013 to 2023. The said research study incorporates in-depth analysis of multiple market segments based on service type, research type, client type and geographical distribution.

The global CRO market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Asia Pacific and Asia Pacific.  

Based on service types, the global CRO services market is categorized into clinical trial services (drug discovery, precilinical trials, phase I trials, phase II trials, phase III trials, phase IV/post market surveillance trials), medical writing services, regulatory services, clinical data management services and others. On the basis of research type, the global CRO services market is segmented into clinical trial laboratories, contract research organizations and academia. In addition, pharmaceutical companies, medical device companies and academic organizations form the major client types for CRO services. Market size and forecast for all the considered segmentation is presented in this report for the period 2013-2023 (US$ Mn) along with their respective CAGRs for the forecast period 2016-2023 (Value %).

In terms of geographical distribution, the global CRO services is studies for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods. To further elucidate, the geographical distribution of the global CRO services market is performed as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Rest of Asia-Pacific
  • Middle East and Africa
  • Latin America

Along with the quantitative information sets, this report also provides qualitative information sets such as market dynamics and executive summary for the global CRO services market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of CRO services.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Global CRO Services Market Portraiture

Chapter 3 CRO Services Market: Dynamics and Future Outlook
3.1 Global CRO Services Market Overview
3.1.1 Market Dynamics
3.1.2 Drivers
3.1.2.1 Driver 1
3.1.2.2 Driver 2
3.1.3 Challenges
3.1.3.1 Challenge 1
3.1.3.1 Challenge 2
3.1.4 Opportunities
3.1.4.1 Opportunity 1
3.2 Attractive Investment Proposition
3.3 Competitive Landscape of Key Players in CRO Services Market

Chapter 4 Global CRO Services Market, by Service Type, 2013-2023
4.1 Introduction
4.2 Clinical Trial Services
4.2.1 Drug Discovery
4.2.2 Precilinical Trials
4.2.3 Phase I Trials
4.2.4 Phase II Trials
4.2.5 Phase III Trials
4.2.6 Phase IV (Post Market Surveillance) Trials
4.3 Medical Writing Services
4.4 Regulatory Services
4.5 Clinical Data Management Services
4.6 Others

Chapter 5 Global CRO Services Market, by Research Type, 2013-2023 (USD Mn)
5.1 Introduction
5.2 Clinical Trial Laboratories
5.3 Contract Research Organizations
5.4 Academia

Chapter 6 Global CRO Services Market, by Client Type, 2013-2023 (USD Mn)
6.1 Introduction
6.2 Pharmaceutical Companies
6.3 Medical Device Companies
6.4 Academic Organizations

Chapter 7 Global CRO Services Market, By Geography, 2013-2023 (USD Mn)
7.1 Preface
7.2 North America
7.2.1 United States
7.2.2 Canada
7.3 Europe
7.3.1 United Kingdom
7.3.2 Germany
7.3.3 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 Rest of Asia Pacific
7.5 Latin America
7.6 Middle East and Africa

Chapter 8 Company Profiles
8.1 Quintiles Transnational Holdings, Inc.
8.2 Covance, Inc.
8.3 PAREXEL International Corporation
8.4 Charles River Laboratories International, Inc.
8.5 Inc Research
8.6 inVentiv Health, Inc.
8.7 ICON plc
8.8 Florence Healthcare
8.9 Pharmaceutical Product Development, LLC
8.10 Medidata Solutions, Inc.
8.11 WuXi AppTec
8.12 Chiltern International Ltd.

List of Figures
FIG. 1 Contract Research Organization Services Market: Research Methodology
FIG. 2 CRO Services Market, by Service Type, 2015 (USD Mn)
FIG. 3 CRO Services Market, by Research Type, 2015 (USD Mn)
FIG. 4 CRO Services Market, by Client Type, 2015 (USD Mn)
FIG. 5 CRO Services Market Share, by Geography, 2015 (Value %)
FIG. 6 Attractive Investment Proposition: Global CRO Services Market, by Geography
FIG. 7 Global Drug Discovery CRO Services Market, 2013-2023 (USD Mn)
FIG. 8 Global Precilinical Trials CRO Services Market, 2013-2023 (USD Mn)
FIG. 9 Global Phase I Trials CRO Services Market, 2013-2023 (USD Mn)
FIG. 10 Global Phase II Trials CRO Services Market, 2013-2023 (USD Mn)
FIG. 11 Global Phase III Trials CRO Services Market, 2013-2023 (USD Mn)
FIG. 12 Global Phase IV (Post Market Surveillance) Trials CRO Services Market, 2013-2023 (USD Mn)
FIG. 13 Global CRO Services Market in Medical Writing, 2013-2023 (USD Mn)
FIG. 14 Global CRO Services Market in Regulatory Services, 2013-2023 (USD Mn)
FIG. 15 Global CRO Services Market in Clinical Data Management, 2013-2023 (USD Mn)
FIG. 16 Global Other CRO Services Market, 2013-2023 (USD Mn)
FIG. 17 Global CRO Services Market in Clinical Trial Laboratories, 2013–2023 (USD Mn)
FIG. 18 Global CRO Services Market in Contract Research Organizations, 2013–2023 (USD Mn)
FIG. 19 Global CRO Services Market in Academia, 2013–2023 (USD Mn)
FIG. 20 Global CRO Services Market in Pharmaceutical Companies, 2013–2023 (USD Mn)
FIG. 21 Global CRO Services Market in Medical Device Companies, 2013–2023 (USD Mn)
FIG. 22 Global CRO Services Market in Academic Organizations, 2013–2023 (USD Mn)
FIG. 23 Latin America CRO Services Market, 2013–2023 (USD Mn)
FIG. 24 Middle East & Africa CRO Services Market, 2013–2023 (USD Mn)

List of Tables

TABLE 1 Global CRO Services Market, by Service Type, 2013-2023 (USD Mn)
TABLE 2 Global CRO Services Market in Clinical Trials, by Type, 2013-2023 (USD Mn)
TABLE 3 Global CRO Services Market, by Research Type, 2013–2023 (USD Mn)
TABLE 4 Global CRO Services Market, by Client Type, 2013–2023 (USD Mn)
TABLE 5 Global CRO Services Market, by Geography, 2013–2023 (USD Mn)
TABLE 6 North America CRO Services Market, by Country, 2013–2023 (USD Mn)
TABLE 7 Europe CRO Services Market, by Country, 2013–2023 (USD Mn)
TABLE 8 Asia-Pacific CRO Services Market, by Country, 2013–2023 (USD Mn)
TABLE 9 Quintiles Transnational Holdings, Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 10 Covance, Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 11 PAREXEL International Corporation: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 12 Charles River Laboratories International, Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 13 Inc Research: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 14 inVentiv Health, Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 15 ICON plc: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 16 Florence Healthcare: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 17 Pharmaceutical Product Development, LLC: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 18 Medidata Solutions, Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 19 WuXi AppTec: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 20 Chiltern International Ltd.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)

Based on the service type, the global contract research organization services market is segmented as follows:

  • Clinical Trial Services
    • Drug Discovery
    • Precilinical Trials
    • Phase I Trials
    • Phase II Trials
    • Phase III Trials
    • Phase IV (Post Market Surveillance) Trials
  • Medical Writing Services       
  • Regulatory Services  
  • Clinical Data Management Services 
  • Others

Contract Research Organization Services Market 

With the growing complexity of R&D trends, the demand for service providers have never been as great. The growth of CRO services overall indicates that such complex demands are being efficiently met by CROs. Recently, pharma companies are increasingly focusing on containing operational costs and reducing development timelines while simultaneously maintaining quality. Constraints in terms of payer pricing, R&D budget and significant costs of clinical development are urging manufacturers to consolidate disease areas for drug development. Such factors are together are facilitating increase in CRO business due to the potential flexibility offered by service providers. CROs are continuously aligning their service offerings for pharmaceutical manufactures in alignment of these prime trends. Among the considered CRO services late stage clinical trials hold the strongest market position and are expected to retain their significance through the forecast period. Tendency to outsource clinical trial activities only after retaining the core early trials in-house, and convenience of large-scale recruiting through outsourcing are the key factors supporting this assessment.

For the purpose of this study, the global contract research organization services market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Contract Research Organization Services Market

At present, North America and Europe are the largest regional markets for CRO services. These regions are domicile for several large, mid and small sized (niche) CROs that offer a wide range of service packages for pharmaceutical and biopharmaceutical manufacturers. Outsourcing of early-stage CRO services is also rapidly picking up pace in North America and Europe when compared with other regions. Urge cost containment and focus on core competencies, along with growing need for skilled workforce along with the need for streamlining operational processes are the key market derivers in these regions. On the other hand, Asia Pacific is the fastest growing market for CRO activities. Availability of huge recruiting eligible patient pool in the region along with offering of competitive service pricing, and emergence of several large-sized pharma companies in the region make Asia Pacific a significantly lucrative hub for CRO activities. China and Japan are anticipated to be the most prominent country-level markets for CRO services during the forecast period.

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