Pharma Contract Research Organization (CRO) Services Market Growth

Pharma contract research organization (CRO) services market growth is expected at a CAGR of 10% during the period 2021-2030

 

Customized services, reduced cost and access to advanced technologies offered by contract research service providers, have prompted a number of pharmaceutical companies to outsource their research operations

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Roots Analysis has announced the addition of Pharmaceutical Contract Research Services Market report to its list of offerings. 

Majority of the small companies as well as a few mid to large sized players, do not have the required capital or experience to undertake the development programs by themselves. Moreover, the costs associated with idle capacity for such specialized facilities are also high. As a result, the extent of outsourcing activities has considerably increased over the past few years. 

To order this 290+ page report, which features 95+ figures and 130+ tables, please visit https://www.rootsanalysis.com/reports/pharmaceutical-contract-research-services-market.html 

Key Market Insights 

Presently, more than 520 players claim to offer contract research services
Nearly 70% of the players provide contract research services for conducting clinical trials, followed by those offering services concerning regulatory affairs management (49%). It is worth mentioning that 41 service providers claim to have the required expertise to serve as one-stop-shops to cater to the needs of various pharmaceutical firms.

Partnership activity within this domain has grown significantly, since 2018
In the last three years, more than 190 agreements were inked by the pharmaceutical contract research service providers, with maximum activity being reported in 2020. Majority of the instances were related to acquisitions (20%), clinical trial agreements (18%), R&D agreements (14%), and research agreements (12%). 

Close to 50 mergers and acquisitions were established in this domain, during the period 2018-2021
It was observed that majority of the deals were intracontinental (76%), involving participants from the same countries. Geographical consolidation and service portfolio expansion were observed to the major key value drivers of M&A activity in this domain. This was followed by instances of service portfolio addition and geographical expansion.
 
At present, companies offering clinical stage services represent majority of the market share (in terms of sales revenues)
By 2030, the pharmaceutical contract research market in North America is estimated to be worth USD 29 billion, representing an annualized growth rate of 9.7%. It is worth mentioning that the market in Asia-pacific is anticipated to grow at a relatively faster pace, during the forecast period.
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To request a sample copy / brochure of this report, please visit https://www.rootsanalysis.com/reports/pharmaceutical-contract-research-services-market/request-sample.html 

Key Questions Answered

• Who are the leading players offering contract research services for small molecules?
• Which partnership models are commonly adopted by stakeholders engaged in pharmaceutical contract research services market?
• What are the key value drivers of the merger and acquisition activity observed within pharmaceutical contract research services market?
• What are the likely future trends in contract research services market?
• How is the current and future opportunity likely to be distributed across key market segments?
• What is the total cost of ownership required to set up a pharmaceutical contract research organization?

The USD 59 billion (by 2030) financial opportunity within the pharmaceutical contract research service providers market has been analyzed across the following segments:

• Scale of Operation
• Discovery
• Preclinical
• Clinical
• Target Therapeutic Area
• Oncological Disorders
• Infectious Diseases
• Neurological Disorders
• Inflammatory Disorders
• Cardiovascular Disorders
• Dermatological Disorders
• Ophthalmic Diseases
• Respiratory Disorders
• Key Geographical Regions
• North America
• Europe
• Asia- Pacific
• Middle East
• North Africa
• Latin America

The report also features detailed profiles of key players (listed below); each profile features a brief overview of the company, its financial information (if available), information on the services offered and an informed future outlook.

• Albany Molecular Research (AMRI)
• BioDuro
• BOC Sciences
• Catalent Pharma 
• Charles River Laboratories
• ChemDiv
• Covance
• Medpace
• QPS
• Concept Life Sciences
• Evotec
• ChemPartner
• Pharmaron
• Syngene
• Torrent Pharma
• WuXi AppTec 

For additional details, please email at sales@rootsanalysis.com

Contact:
Gaurav Chaudhary
gaurav.chaudhary@rootsanalysis.com