NEW YORK, April 20, 2020 /PRNewswire/ -- Contract Research Outsourcing market worldwide is projected to grow by US$40.7 Billion, driven by a compounded growth of 11.2%. Clinical, one of the segments analyzed and sized in this study, displays the potential to grow at over 12%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$50 Billion by the year 2025, Clinical will bring in healthy gains adding significant momentum to global growth.
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- Representing the developed world, the United States will maintain a 9.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.6 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.3 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Clinical will reach a market size of US$2.6 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 14.5% over the next couple of years and add approximately US$9.8 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
- Competitors identified in this market include, among others,
- Albany Molecular Research Inc.
- Charles River Laboratories International Inc.
- Chiltern International Ltd.
- ICON plc, Inc Research LLC
- InVentiv Health Inc.
- Jubilant Biosys Ltd.
- Laboratory Corporation of America® Holdings
- PAREXEL International Corp.
- Pharmaceutical Product Development LLC.
- Pharmaron
- PRA Health Sciences Inc.
- Quintiles IMS Holdings Inc.
- Ricerca Biosciences LLC
- Sygnature Discovery Limited
- SynteractHCR
- WuXi AppTec
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Recent Market Activity
Outsourcing of R&D Projects to Propel CROs Services Market
Growth Drivers in a Nutshell
Evolving Macro Trends Driving CRO Demand
CROs to Significantly Drive Outsourcing Penetration
Focus on Efficient, Quality Services to Drive Specialty CROs
Market
Rise in Investments to Boost Growth
Key Therapeutic Areas of Clinical Trial Research
Primary Factors Influencing CRO Market
Pharma and Biotech Companies to Increase Dependence on CROs
Outlook
Notable Regional Developments
Future Model of CRO
Global Competitor Market Shares
Contract Research Outsourcing Competitor Market Share Scenario
Worldwide (in %): 2020 & 2029
2. FOCUS ON SELECT PLAYERS
Albany Molecular Research, Inc. (USA)
Charles River Laboratories International, Inc. (USA)
Chiltern International Ltd. (UK)
ICON plc (Ireland)
INC Research, LLC (USA)
InVentiv Health, Inc. (USA)
Jubilant Biosys Ltd. (India)
Laboratory Corporation of America® Holdings (USA)
PAREXEL International Corp. (USA)
Pharmaceutical Product Development, LLC. (USA)
Pharmaron (China)
PRA Health Sciences, Inc. (USA)
Quintiles IMS Holdings, Inc. (USA)
Ricerca Biosciences LLC (USA)
Sygnature Discovery Limited (UK)
Sygnature Discovery Limited (UK)
WuXi AppTec (China)
3. MARKET TRENDS & DRIVERS
Increased Spend on R&D Outsourcing
Enhancing Site Selection and Patient Enrollment
CROs Enter into Alliances to Improve Efficiencies
Adoption of Digital Technologies Gains Pace
Rising Late-Stage Services Demand and Budget Restraints Drive
Market Growth
Toxicology Services Gain Notable Attention
Pharma Companies Enter into Licensing Agreements with Biotech
Companies for New Drug Discovery - A Mutually Beneficial
Strategy
Pharmaceutical & Biopharmaceutical Trends to Support CRO
Penetration
Focus on Regulatory Oversight and Enhanced Transparency Bodes
Well for CROs
eClinical Solutions Gain Traction
Other Noteworthy Market Trends
CROs Monetize Data
Service Differentiation - A Sustaining Strategy
CROs Tie Up with Diagnostic Companies for Patients
Research Networks Move to Cloud
Application of Mobile Devices to Collect Real Time Data Gains
Ground
CROs Provide Exclusive Offers to Lure Big Pharma
Challenges Faced by Contract Research Organizations
On-shore versus Offshore CRO Business
Cutthroat Competition among CROs
Management of Clinical Investigation
Surging Global Population Offers Increased Growth Opportunities
Aging Population Boosts Opportunities for CRO
Increasing Healthcare Expenditure to Spur Demand for Generics
4. GLOBAL MARKET PERSPECTIVE
Table 1: Contract Research Outsourcing Global Market Estimates
and Forecasts in US$ Million by Region/Country: 2018-2025
Table 2: Contract Research Outsourcing Global Retrospective
Market Scenario in US$ Million by Region/Country: 2009-2017
Table 3: Contract Research Outsourcing Market Share Shift
across Key Geographies Worldwide: 2009 VS 2019 VS 2025
Table 4: Clinical (Service Type) World Market by Region/Country
in US$ Million: 2018 to 2025
Table 5: Clinical (Service Type) Historic Market Analysis by
Region/Country in US$ Million: 2009 to 2017
Table 6: Clinical (Service Type) Market Share Breakdown of
Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025
Table 7: Discovery (Service Type) Potential Growth Markets
Worldwide in US$ Million: 2018 to 2025
Table 8: Discovery (Service Type) Historic Market Perspective
by Region/Country in US$ Million: 2009 to 2017
Table 9: Discovery (Service Type) Market Sales Breakdown by
Region/Country in Percentage: 2009 VS 2019 VS 2025
Table 10: Pre-Clinical (Service Type) Geographic Market Spread
Worldwide in US$ Million: 2018 to 2025
Table 11: Pre-Clinical (Service Type) Region Wise Breakdown of
Global Historic Demand in US$ Million: 2009 to 2017
Table 12: Pre-Clinical (Service Type) Market Share Distribution
in Percentage by Region/Country: 2009 VS 2019 VS 2025
Table 13: Laboratory Services (Service Type) World Market
Estimates and Forecasts by Region/Country in US$ Million: 2018
to 2025
Table 14: Laboratory Services (Service Type) Market Historic
Review by Region/Country in US$ Million: 2009 to 2017
Table 15: Laboratory Services (Service Type) Market Share
Breakdown by Region/Country: 2009 VS 2019 VS 2025
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Contract Research Outsourcing Market Share (in %) by
Company: 2020 & 2025
Market Analytics
Table 16: United States Contract Research Outsourcing Market
Estimates and Projections in US$ Million by Service Type: 2018
to 2025
Table 17: Contract Research Outsourcing Market in the United
States by Service Type: A Historic Review in US$ Million for
2009-2017
Table 18: United States Contract Research Outsourcing Market
Share Breakdown by Service Type: 2009 VS 2019 VS 2025
CANADA
Table 19: Canadian Contract Research Outsourcing Market
Estimates and Forecasts in US$ Million by Service Type: 2018 to
2025
Table 20: Canadian Contract Research Outsourcing Historic
Market Review by Service Type in US$ Million: 2009-2017
Table 21: Contract Research Outsourcing Market in Canada:
Percentage Share Breakdown of Sales by Service Type for 2009,
2019, and 2025
JAPAN
Table 22: Japanese Market for Contract Research Outsourcing:
Annual Sales Estimates and Projections in US$ Million by
Service Type for the Period 2018-2025
Table 23: Contract Research Outsourcing Market in Japan:
Historic Sales Analysis in US$ Million by Service Type for the
Period 2009-2017
Table 24: Japanese Contract Research Outsourcing Market Share
Analysis by Service Type: 2009 VS 2019 VS 2025
CHINA
Table 25: Chinese Contract Research Outsourcing Market Growth
Prospects in US$ Million by Service Type for the Period
2018-2025
Table 26: Contract Research Outsourcing Historic Market
Analysis in China in US$ Million by Service Type: 2009-2017
Table 27: Chinese Contract Research Outsourcing Market by
Service Type: Percentage Breakdown of Sales for 2009, 2019, and
2025
EUROPE
Market Facts & Figures
European Contract Research Outsourcing Market: Competitor
Market Share Scenario (in %) for 2020 & 2025
Market Analytics
Table 28: European Contract Research Outsourcing Market Demand
Scenario in US$ Million by Region/Country: 2018-2025
Table 29: Contract Research Outsourcing Market in Europe:
A Historic Market Perspective in US$ Million by Region/Country
for the Period 2009-2017
Table 30: European Contract Research Outsourcing Market Share
Shift by Region/Country: 2009 VS 2019 VS 2025
Table 31: European Contract Research Outsourcing Market
Estimates and Forecasts in US$ Million by Service Type:
2018-2025
Table 32: Contract Research Outsourcing Market in Europe in US$
Million by Service Type: A Historic Review for the Period
2009-2017
Table 33: European Contract Research Outsourcing Market Share
Breakdown by Service Type: 2009 VS 2019 VS 2025
FRANCE
Table 34: Contract Research Outsourcing Market in France by
Service Type: Estimates and Projections in US$ Million for the
Period 2018-2025
Table 35: French Contract Research Outsourcing Historic Market
Scenario in US$ Million by Service Type: 2009-2017
Table 36: French Contract Research Outsourcing Market Share
Analysis by Service Type: 2009 VS 2019 VS 2025
GERMANY
Table 37: Contract Research Outsourcing Market in Germany:
Recent Past, Current and Future Analysis in US$ Million by
Service Type for the Period 2018-2025
Table 38: German Contract Research Outsourcing Historic Market
Analysis in US$ Million by Service Type: 2009-2017
Table 39: German Contract Research Outsourcing Market Share
Breakdown by Service Type: 2009 VS 2019 VS 2025
ITALY
Table 40: Italian Contract Research Outsourcing Market Growth
Prospects in US$ Million by Service Type for the Period
2018-2025
Table 41: Contract Research Outsourcing Historic Market
Analysis in Italy in US$ Million by Service Type: 2009-2017
Table 42: Italian Contract Research Outsourcing Market by
Service Type: Percentage Breakdown of Sales for 2009, 2019, and
2025
UNITED KINGDOM
Table 43: United Kingdom Market for Contract Research
Outsourcing: Annual Sales Estimates and Projections in US$
Million by Service Type for the Period 2018-2025
Table 44: Contract Research Outsourcing Market in the United
Kingdom: Historic Sales Analysis in US$ Million by Service Type
for the Period 2009-2017
Table 45: United Kingdom Contract Research Outsourcing Market
Share Analysis by Service Type: 2009 VS 2019 VS 2025
SPAIN
Table 46: Spanish Contract Research Outsourcing Market
Estimates and Forecasts in US$ Million by Service Type: 2018 to
2025
Table 47: Spanish Contract Research Outsourcing Historic Market
Review by Service Type in US$ Million: 2009-2017
Table 48: Contract Research Outsourcing Market in Spain:
Percentage Share Breakdown of Sales by Service Type for 2009,
2019, and 2025
RUSSIA
Table 49: Russian Contract Research Outsourcing Market
Estimates and Projections in US$ Million by Service Type: 2018
to 2025
Table 50: Contract Research Outsourcing Market in Russia by
Service Type: A Historic Review in US$ Million for 2009-2017
Table 51: Russian Contract Research Outsourcing Market Share
Breakdown by Service Type: 2009 VS 2019 VS 2025
REST OF EUROPE
Table 52: Rest of Europe Contract Research Outsourcing Market
Estimates and Forecasts in US$ Million by Service Type:
2018-2025
Table 53: Contract Research Outsourcing Market in Rest of
Europe in US$ Million by Service Type: A Historic Review for
the Period 2009-2017
Table 54: Rest of Europe Contract Research Outsourcing Market
Share Breakdown by Service Type: 2009 VS 2019 VS 2025
ASIA-PACIFIC
Table 55: Asia-Pacific Contract Research Outsourcing Market
Estimates and Forecasts in US$ Million by Region/Country:
2018-2025
Table 56: Contract Research Outsourcing Market in Asia-Pacific:
Historic Market Analysis in US$ Million by Region/Country for
the Period 2009-2017
Table 57: Asia-Pacific Contract Research Outsourcing Market
Share Analysis by Region/Country: 2009 VS 2019 VS 2025
Table 58: Contract Research Outsourcing Market in Asia-Pacific
by Service Type: Estimates and Projections in US$ Million for
the Period 2018-2025
Table 59: Asia-Pacific Contract Research Outsourcing Historic
Market Scenario in US$ Million by Service Type: 2009-2017
Table 60: Asia-Pacific Contract Research Outsourcing Market
Share Analysis by Service Type: 2009 VS 2019 VS 2025
AUSTRALIA
Table 61: Contract Research Outsourcing Market in Australia:
Recent Past, Current and Future Analysis in US$ Million by
Service Type for the Period 2018-2025
Table 62: Australian Contract Research Outsourcing Historic
Market Analysis in US$ Million by Service Type: 2009-2017
Table 63: Australian Contract Research Outsourcing Market Share
Breakdown by Service Type: 2009 VS 2019 VS 2025
INDIA
Table 64: Indian Contract Research Outsourcing Market Estimates
and Forecasts in US$ Million by Service Type: 2018 to 2025
Table 65: Indian Contract Research Outsourcing Historic Market
Review by Service Type in US$ Million: 2009-2017
Table 66: Contract Research Outsourcing Market in India:
Percentage Share Breakdown of Sales by Service Type for 2009,
2019, and 2025
SOUTH KOREA
Table 67: Contract Research Outsourcing Market in South Korea:
Recent Past, Current and Future Analysis in US$ Million by
Service Type for the Period 2018-2025
Table 68: South Korean Contract Research Outsourcing Historic
Market Analysis in US$ Million by Service Type: 2009-2017
Table 69: Contract Research Outsourcing Market Share
Distribution in South Korea by Service Type: 2009 VS 2019 VS
2025
REST OF ASIA-PACIFIC
Table 70: Rest of Asia-Pacific Market for Contract Research
Outsourcing: Annual Sales Estimates and Projections in US$
Million by Service Type for the Period 2018-2025
Table 71: Contract Research Outsourcing Market in Rest of
Asia-Pacific: Historic Sales Analysis in US$ Million by Service
Type for the Period 2009-2017
Table 72: Rest of Asia-Pacific Contract Research Outsourcing
Market Share Analysis by Service Type: 2009 VS 2019 VS 2025
LATIN AMERICA
Table 73: Latin American Contract Research Outsourcing Market
Trends by Region/Country in US$ Million: 2018-2025
Table 74: Contract Research Outsourcing Market in Latin America
in US$ Million by Region/Country: A Historic Perspective for
the Period 2009-2017
Table 75: Latin American Contract Research Outsourcing Market
Percentage Breakdown of Sales by Region/Country: 2009, 2019,
and 2025
Table 76: Latin American Contract Research Outsourcing Market
Growth Prospects in US$ Million by Service Type for the Period
2018-2025
Table 77: Contract Research Outsourcing Historic Market
Analysis in Latin America in US$ Million by Service Type:
2009-2017
Table 78: Latin American Contract Research Outsourcing Market
by Service Type: Percentage Breakdown of Sales for 2009, 2019,
and 2025
ARGENTINA
Table 79: Argentinean Contract Research Outsourcing Market
Estimates and Forecasts in US$ Million by Service Type:
2018-2025
Table 80: Contract Research Outsourcing Market in Argentina in
US$ Million by Service Type: A Historic Review for the Period
2009-2017
Table 81: Argentinean Contract Research Outsourcing Market
Share Breakdown by Service Type: 2009 VS 2019 VS 2025
BRAZIL
Table 82: Contract Research Outsourcing Market in Brazil by
Service Type: Estimates and Projections in US$ Million for the
Period 2018-2025
Table 83: Brazilian Contract Research Outsourcing Historic
Market Scenario in US$ Million by Service Type: 2009-2017
Table 84: Brazilian Contract Research Outsourcing Market Share
Analysis by Service Type: 2009 VS 2019 VS 2025
MEXICO
Table 85: Contract Research Outsourcing Market in Mexico:
Recent Past, Current and Future Analysis in US$ Million by
Service Type for the Period 2018-2025
Table 86: Mexican Contract Research Outsourcing Historic Market
Analysis in US$ Million by Service Type: 2009-2017
Table 87: Mexican Contract Research Outsourcing Market Share
Breakdown by Service Type: 2009 VS 2019 VS 2025
REST OF LATIN AMERICA
Table 88: Rest of Latin America Contract Research Outsourcing
Market Estimates and Projections in US$ Million by Service
Type: 2018 to 2025
Table 89: Contract Research Outsourcing Market in Rest of Latin
America by Service Type: A Historic Review in US$ Million for
2009-2017
Table 90: Rest of Latin America Contract Research Outsourcing
Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025
MIDDLE EAST
Table 91: The Middle East Contract Research Outsourcing Market
Estimates and Forecasts in US$ Million by Region/Country:
2018-2025
Table 92: Contract Research Outsourcing Market in the Middle
East by Region/Country in US$ Million: 2009-2017
Table 93: The Middle East Contract Research Outsourcing Market
Share Breakdown by Region/Country: 2009, 2019, and 2025
Table 94: The Middle East Contract Research Outsourcing Market
Estimates and Forecasts in US$ Million by Service Type: 2018 to
2025
Table 95: The Middle East Contract Research Outsourcing
Historic Market by Service Type in US$ Million: 2009-2017
Table 96: Contract Research Outsourcing Market in the Middle
East: Percentage Share Breakdown of Sales by Service Type for
2009, 2019, and 2025
IRAN
Table 97: Iranian Market for Contract Research Outsourcing:
Annual Sales Estimates and Projections in US$ Million by
Service Type for the Period 2018-2025
Table 98: Contract Research Outsourcing Market in Iran:
Historic Sales Analysis in US$ Million by Service Type for the
Period 2009-2017
Table 99: Iranian Contract Research Outsourcing Market Share
Analysis by Service Type: 2009 VS 2019 VS 2025
ISRAEL
Table 100: Israeli Contract Research Outsourcing Market
Estimates and Forecasts in US$ Million by Service Type:
2018-2025
Table 101: Contract Research Outsourcing Market in Israel in
US$ Million by Service Type: A Historic Review for the Period
2009-2017
Table 102: Israeli Contract Research Outsourcing Market Share
Breakdown by Service Type: 2009 VS 2019 VS 2025
SAUDI ARABIA
Table 103: Saudi Arabian Contract Research Outsourcing Market
Growth Prospects in US$ Million by Service Type for the Period
2018-2025
Table 104: Contract Research Outsourcing Historic Market
Analysis in Saudi Arabia in US$ Million by Service Type:
2009-2017
Table 105: Saudi Arabian Contract Research Outsourcing Market
by Service Type: Percentage Breakdown of Sales for 2009, 2019,
and 2025
UNITED ARAB EMIRATES
Table 106: Contract Research Outsourcing Market in the United
Arab Emirates: Recent Past, Current and Future Analysis in US$
Million by Service Type for the Period 2018-2025
Table 107: United Arab Emirates Contract Research Outsourcing
Historic Market Analysis in US$ Million by Service Type:
2009-2017
Table 108: Contract Research Outsourcing Market Share
Distribution in United Arab Emirates by Service Type: 2009 VS
2019 VS 2025
REST OF MIDDLE EAST
Table 109: Contract Research Outsourcing Market in Rest of
Middle East: Recent Past, Current and Future Analysis in US$
Million by Service Type for the Period 2018-2025
Table 110: Rest of Middle East Contract Research Outsourcing
Historic Market Analysis in US$ Million by Service Type:
2009-2017
Table 111: Rest of Middle East Contract Research Outsourcing
Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025
AFRICA
Table 112: African Contract Research Outsourcing Market
Estimates and Projections in US$ Million by Service Type: 2018
to 2025
Table 113: Contract Research Outsourcing Market in Africa by
Service Type: A Historic Review in US$ Million for 2009-2017
Table 114: African Contract Research Outsourcing Market Share
Breakdown by Service Type: 2009 VS 2019 VS 2025
IV. COMPETITION
Total Companies Profiled: 115
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