Contract Research Organization (CRO) Market Size, Share, Report by 2033
The global contract research organization (CRO) market size is expected to increase USD 118.81 billion by 2033 from USD 60.85 billion in 2023 with a CAGR of 6.92% between 2024 and 2033.
Key Points
- The North America transmission sales market size accounted for USD 26.77 billion in 2023 and is expected to attain around USD 52.87 billion by 2033, poised to grow at a CAGR of 7.04% between 2024 and 2033.
- North America dominated the Contract Research Organization (CRO) Market in 2023.
- Asia Pacific is expected to show the fastest growth during the forecast period.
- By type, the clinical segment held a significant share of the market in 2023.
- By type, the early phase development services segment is expected to grow at a rapid pace over the forecast period.
- By application, the oncology segment dominated the market in 2023.
- By application, the CNS disorder segment is expected to show significant growth during the forecast period.
- By end user, the pharmaceutical & biotech companies segment dominated the market in 2023.
- By end user, the CROs for the medical device segment is projected to experience the fastest growth in the market over the studied period.
Contract Research Organization (CRO) Market Recent Developments
- In October 2023, IQVIA, a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry, announced a strategic collaboration with Argenx (Netherlands) to advance treatment for patients suffering from rare autoimmune diseases by utilizing innovative and integrated technology-enabled pharmacovigilance (PV) safety services and solutions.
- In October 2022, the retail giant Walmart launched a new healthcare research organization to drive higher-quality, more equitable healthcare. The Walmart Healthcare Research Institute will initially focus on driving greater equity in clinical trials for drugs that treat chronic conditions.
- In July 2022, Labcorp®, a global leader in life sciences, expanded its automated clinical trial kit production line in Mechelen, Belgium. The new, automated line will be used to produce specimen collection kits for clinical trial investigator sites in Europe, the Middle East, and Africa.
Contract Research Organization (CRO) Market Companies
- Catalent, Inc.
- Celerion
- Cerner Corporation
- Charles River Laboratories International, Inc.
- Cognizant
- GVK Biosciences Private Limited
- ICON plc
- IQVIA Holdings Inc.
- Laboratory Corporation of America Holdings
- Medpace Holdings, Inc.
- Parexel International Corporation
- Pharmaceutical Product Development, LLC
- Syneos Health, Inc.
- Thermo Fisher Scientific Inc.
- Wuxi AppTec
Segments Covered in the Report
By Type
- Pre-clinical
- Drug Discovery
- Clinical
- Others
By Service
- Medical Writing
- Project Management
- Clinical Monitoring
- Phase i
- Phase ii
- Phase iii
- Phase iv
- Others
- Biostatistics
- Quality Management
- Regulatory/ Medical Affairs
- Data Management
- Others
By End-user
- Pharmaceutical & Biopharmaceutical Companies
- Medical Device Companies
- Others
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Web: https://www.precedenceresearch.com
Blog: https://www.expresswebwire.com/
Blog: https://www.uswebwire.com/