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The Biotech CRO (Contract Research Organization) Market Size was valued at USD 68.14 billion in 2023 and is expected to reach USD 114.46 billion by 2032, growing at a CAGR of 5.9% from 2024-2032.
The complexity of drug development is increasing due to advancements in areas such as biologics, cell and gene therapies, and personalized medicine, leading to this growth. The increasing need for biologics has driven growth in the global biologics market, projected to reach over 114 billion by 2032, leading to a higher demand for specialized CRO services.
Outsourcing R&D to CROs is now a common practice, with around 50-60% of biotech firms choosing to outsource their research and clinical trial tasks. This is especially noticeable in small and mid-sized biotech companies, a lot of which do not have the necessary resources to manage complicated trials internally. Moreover, there is a growing trend in global clinical trials, with almost 40% of trials currently taking place in various countries, leading to an increased need for CROs to oversee the regulatory and operational components of these trials.
Additionally, the industry is being transformed by the incorporation of digital technologies such as artificial intelligence (AI) and machine learning (ML). A new report from Nature Digital Medicine found that using AI for patient recruitment can reduce clinical trial expenses by 70% and speed up timelines by 40%. The typical expense for phase 1, 2, and 3 clinical trials in various therapeutic fields is approximately USD 4 million, USD 13 million, and USD 20 million, respectively. Phase 3 pivotal trials for recently approved medications by the FDA in the US have a median cost of USD 41,117 per patient. By the end of the decade, it is anticipated that 25-30% of all trials will be decentralized, utilizing telemedicine and remote monitoring. This will drive the need for CROs with these specific capabilities.
Drivers
The growing emphasis on biologics and biosimilars because of their success in managing chronic illnesses leads to a high demand for CROs that specialize in these fields.
Biologics are intricate drugs sourced from living beings, such as proteins, monoclonal antibodies, and gene therapies. The rising occurrence of chronic illnesses like cancer, autoimmune disorders, and rare genetic conditions is increasing the need for this advanced treatment.
In 2023, the FDA granted approval to 55 new treatments, marking the second-highest number within the past three decades. This consisted of 17 biologics, with 12 of them being monoclonal antibodies (mAbs).
Biotech firms need specific skills in clinical trials, regulatory submissions, and manufacturing processes as they increase their investment in biologics development. CROs with expertise in biologics can offer important services like preclinical testing, overseeing clinical trials, and ensuring regulatory compliance, allowing them to gain a bigger market portion. The increasing approval rates of biologics are reinforcing this trend, resulting in more pipeline projects and a greater demand for CRO partnerships.
Biotech companies are turning to CROs more and more for their R&D needs to lower expenses, enhance productivity, and tap into expert knowledge.
Numerous biotech companies are more frequently subcontracting their research and development (R&D) operations to CROs as a tactic to lower expenses, manage risks, and improve effectiveness. This pattern has sped up, especially for small to medium-sized biotech firms without the required infrastructure or resources for internal R&D. Outsourcing enables biotech companies to utilize specialized expertise, cutting-edge technologies, and established operational structures provided by CROs. This helps biotech companies not only streamline their development processes but also concentrate on their main areas of expertise like drug discovery and strategic planning. Consequently, there is an increasing need for CRO services, which has resulted in CROs expanding their services and reach geographically, establishing them as essential partners in the biotech development industry.
Restraint
The intricate regulatory environment can present obstacles for CROs, who need to guarantee adherence to different regulations in multiple regions.
The biotech market faces extensive regulation from entities like the FDA, EMA, and other worldwide regulatory organizations. These guidelines guarantee the safety, effectiveness, and quality of medications and treatments, especially for biological and gene therapies. Adhering to these regulations is essential but may be intricate and demanding of time.
CROs need to maneuver through the complex regulatory environment when carrying out clinical trials and submitting data for drug approval. Staying informed about changing regulations in various regions is difficult for CROs. Failure to comply can result in trial results or drug application rejections, as well as costly revisions or delays. Moreover, dealing with varying regulations across countries can add complexity to international research studies. An in-depth understanding of regulations raises operational expenses, which could be transferred to biotech clients, possibly reducing the attractiveness of CRO services for small biotech companies with financial restrictions.
By Type
The Biotech CRO market is divided into Pre-Clinical Phases, clinical services, laboratory services, and others. The market was mainly led by the Clinical Services segment in 2023, with around 45% of the total market share. The reason for this dominance is the growing attention of market participants to improve these services for chronic conditions, which encompassed phase 1, phase 2, phase 3, and phase 4 trials. In December 2022, Phastar joined Lean Life Science’s Oncology Development Programme (ODP2) to assist in discovering and backing R&D for academics and early-stage companies. Around 40% of the total market share in 2023 was accounted for by the pre-clinical phases segment, This increase is fueled by the rise of small and medium-sized pharmaceutical and biotech firms dedicated to creating innovative treatments. Furthermore, there is an expectation for laboratory services to experience significant growth with a CAGR of around 9% in the forecasted period. This growth is driven by rising demand from healthcare companies lacking resources who are looking to delegate specialized tasks.
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By Application
The Biotech CRO market is divided by application into different areas such as oncology, neurology, cardiology, infectious diseases, metabolic disorders, respiratory disorders, and more. In the year 2023, the oncology sector became the leading influence in the industry by 35%, as life science firms increasingly concentrated on creating new therapies for cancer care. Furthermore, the market in 2023 was predominantly divided the share by various categories. This increase is due to the increasing prevalence of different illnesses, including digestive diseases, nutritional deficiencies, and respiratory disorders. Moreover, the substantial increase in financial support from pharmaceutical and biotechnology companies has greatly aided in the advancement of treatments for these conditions, leading to significant growth in this sector.
In 2023, North America remains the top player in the Biotech CRO market, maintaining its leading position with the largest market share. The reason for this dominance is mainly because of the strong biotechnology framework in the United States, where many top biotech and pharmaceutical companies invest significantly in research and development. Furthermore, significant investment in research and development, specifically in cancer treatment and other medical areas, has established North America as a top player in the industry, holding around 60% of the worldwide Biotech CRO market share. An advantageous regulatory landscape, supported by effective procedures implemented by agencies such as the FDA, also boosts the region's appeal for undertaking clinical trials and drug development.
On the other hand, Asia-Pacific is identified as the market experiencing the most rapid expansion in Biotech CRO services, expecting an 8% CAGR from 2023 to 2032. The rise in this development can be credited to the rise of a dynamic biotechnology environment in nations like China, India, and Japan, bolstered by government efforts and growing funding in healthcare studies. The area provides cost benefits, such as affordable workforce and materials, that encourage pharmaceutical and biotech firms to contract out their R&D work to nearby CROs. Moreover, the increasing number of clinical trials in the Asia-Pacific region, especially in fields such as oncology, infectious diseases, and metabolic disorders, demonstrates a stronger dedication to creating new treatments for the region's healthcare challenges.
Charles River Laboratories (Preclinical safety testing, Biologics testing solutions)
ICON plc (Clinical trial management, Decentralized clinical trial)
Labcorp Drug Development (Biomarker discovery and development, Central laboratory services)
Parexel (Clinical data management, Regulatory consulting)
IQVIA (Real-world evidence solutions, AI-based clinical trial design)
Syneos Health (Clinical development services, Medical affairs solutions)
Medpace (Full-service clinical trial management, Regulatory submission support)
Covance (Toxicology studies, Drug metabolism and pharmacokinetics (DMPK) services)
PPD (Thermo Fisher Scientific) (Phase I-IV clinical trial services, Patient recruitment services
PRA Health Sciences (Clinical trial outsourcing, Post-marketing surveillance)
WuXi AppTec (Biologics CMC services, Gene therapy process development)
Pharmaron (Integrated drug discovery services, Preclinical safety assessment)
Eurofins Scientific (Genomic testing for personalized medicine, Pharmacokinetics and ADME
Frontage Laboratories (Bioanalytical services, Clinical pharmacology)
KCR (Patient recruitment and retention, Data management and analysis)
Worldwide Clinical Trials (Neuroscience clinical research, Cardiovascular clinical trials)
Clinipace (Clinical trial project management, Regulatory and strategic development)
SGS Life Sciences (Biomarker and clinical bioanalysis services, Biopharmaceutical testing)
Novotech (Oncology clinical trials, Early-phase clinical development)
Tigermed (Biostatistics and data management, Regulatory affairs and compliance)
Thermo Fisher Scientific
PerkinElmer
Abbott Laboratories
Agilent Technologies
MilliporeSigma
Sartorius AG
Roche Diagnostics
Lonza Group
GE Healthcare Life Sciences
Bio-Rad Laboratories
In June 2023, ICON plc revealed the introduction of its extended range of decentralized clinical trial (DCT) solutions, utilizing digital technologies to enhance patient participation and involvement in clinical trials. This project seeks to simplify the trial process by integrating remote patient monitoring, telehealth services, and mobile health technologies. The new solutions aim to meet the increasing need for trial designs that are more adaptable and focused on patients, improving the rates of recruitment and retention.
In April 2023, Charles River Laboratories finalized the purchase of Labcorp Drug Development, bolstering its presence in preclinical and clinical research. This purchase is anticipated to improve Charles River's expertise in drug development and biologics testing solutions, allowing it to provide a broader range of services to customers. Labcorp's vast resources and expertise combined with Charles River will enhance support for biotech firms in their research and development endeavors.
In August 2023, Parexel launched innovative AI-based methods to enhance the planning of clinical trials and the recruitment of patients. These advancements utilize machine learning algorithms to examine large quantities of data, assisting sponsors in identifying appropriate locations and patient groups with greater efficiency. This decision is in line with Parexel's plan to improve the effectiveness of clinical trials and shorten the time-to-market for new treatments, addressing the growing need for quicker and more efficient drug development.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 68.14 Billion |
| Market Size by 2032 | US$ 114.46 Billion |
| CAGR | CAGR of 5.9% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Pre-Clinical Phases,Clinical I-IV Phases, Laboratory services, Others) • By Application (Oncology, Neurology, Cardiology, Infectious Disease, Respiratory Disorder, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Charles River Laboratories, ICON plc, Labcorp Drug Development, Parexel, IQVIA, Syneos Health, Medpace, Covance, PPD (Thermo Fisher Scientific), PRA Health Sciences, WuXi AppTec, Pharmaron, Eurofins Scientific, Frontage Laboratories, KCR, Worldwide Clinical Trials, Clinipace, SGS Life Sciences, Novotech, Tigermed. |
| Key Drivers | • The growing emphasis on biologics and biosimilars because of their success in managing chronic illnesses leads to a high demand for CROs that specialize in these fields. • Biotech companies are turning to CROs more and more for their R&D needs to lower expenses, enhance productivity, and tap into expert knowledge. |
| Restraints | • The intricate regulatory environment can present obstacles for CROs, who need to guarantee adherence to different regulations in multiple regions. |
Ans: The Biotech CRO (Contract Research Organization) Market was valued at USD 68.14 billion in 2023 and is expected to reach USD 114.46 billion by 2032.
Ans: The CAGR rate of the Biotech CRO (Contract Research Organization) Market during 2024-2032 is 5.9%.
Ans- The Clinical Phases segment dominated the market by 45%
Ans- North America held the largest revenue share by 60% in 2023.
Ans: Asia Pacific is the fastest-growing region in the Biotech CRO (Contract Research Organization Market.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
5. Statistical Insights and Trends Reporting
5.3 Cost Analysis, by Software
5.4 Integration Capabilities
5.5 Regulatory Compliance, by Region
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Biotech CRO (Contract Research Organization) Market Segmentation, by Type
7.1 Chapter Overview
7.2 Pre-Clinical Phases
7.2.1 Pre-Clinical Phases Market Trends Analysis (2020-2032)
7.2.2 Pre-Clinical Phases Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Clinical I-IV Phases
7.3.1. Clinical I-IV Phases Market Trends Analysis (2020-2032)
7.3.2 Clinical I-IV Phases Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Laboratory services
7.4.1 Laboratory Services Market Trends Analysis (2020-2032)
7.4.2 Laboratory Services Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Others
7.5.1 Others Market Trends Analysis (2020-2032)
7.2.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
Management Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Biotech CRO (Contract Research Organization) Market Segmentation, by Application
8.1 Chapter Overview
8.2 Oncology
8.2.1 Oncology Market Trends Analysis (2020-2032)
8.2.2 Oncology Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Neurology
8.3.1 Neurology Market Trends Analysis (2020-2032)
8.3.2 Neurology Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Cardiology
8.4.1 Cardiology Market Trends Analysis (2020-2032)
8.4.2 Cardiology Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Infectious Disease
8.5.1 Infectious Disease Market Trends Analysis (2020-2032)
8.5.2 Infectious Disease Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Metabolic Disorder
8.6.1 Metabolic Disorder Market Trends Analysis (2020-2032)
8.6.2 Metabolic Disorder Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Respiratory Disorder
8.7.1 Respiratory Disorder Market Trends Analysis (2020-2032)
8.7.2 Respiratory Disorder Market Size Estimates and Forecasts to 2032 (USD Billion)
8.8 Others
8.8.1 Others Market Trends Analysis (2020-2032)
8.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.2.4 North America Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.2.5.2 USA Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.2.6.2 Canada Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.2.7.2 Mexico Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.5.2 Poland Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.6.2 Romania Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.4 Western Europe Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.5.2 Germany Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.6.2 France Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.7.2 UK Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.8.2 Italy Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.9.2 Spain Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Healthcare Predictive Analytic Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.12.2 Austria Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.4 Asia Pacific Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.5.2 China Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.5.2 India Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.5.2 Japan Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.6.2 South Korea Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.2.7.2 Vietnam Healthcare Predictive Analytic Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.8.2 Singapore Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.9.2 Australia Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.4 Middle East Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.5.2 UAE Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.2.4 Africa Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.7 Rest of Africa
9.5.2.7.1 Rest of Africa Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.2.7.2 Rest of Africa Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.6.4 Latin America Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.6.5.2 Brazil Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.6.6.2 Argentina Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.6.7.2 Colombia Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Biotech CRO (Contract Research Organization) Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10. Company Profiles
10.1 Charles River Laboratories
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2 ICON plc
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Labcorp Drug Development
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 Parexel
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 IQVIA
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Syneos Health
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 Medpace
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 Covance
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 PPD (Thermo Fisher Scientific)
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 PRA Health Sciences
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Pre-Clinical Phases
Clinical I-IV Phases
Laboratory services
Others
By Application
Oncology
Neurology
Cardiology
Infectious Disease
Infectious Disease
Respiratory Disorder
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization to meet the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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