Infinium Global Research has added a new report on Global Contract Research Organizations Market. The report predicts the market size of Contract Research Organizations is expected to reach XX billion by 2022.
The Global Contract Research Organizations (CROs) Market is expected to reach around USD 75 billion by 2022, growing at a CAGR of 9.5% during the forecast period of 2016 to 2022. Contract research organizations (CROs) provide research and development (R&D) services to pharmaceutical, biotechnology companies as well as various government institutions, foundations and universities on a contract basis. During the recent years, many pharmaceutical and biotechnology companies have become increasingly reliant on CROs and other contract research service providers to conduct their R&D operations. CROs have started offering services to their vendors for all phases of R&D like pre-clinical services, clinical trials and post-clinical trial services. Outsourcing R&D operations to CROs allows these companies to focus on their core activities such as sales, marketing, product management, etc. It also help them to increase their capability for in-house regulatory services, clinical data management, pharma-covigilance, biostatistics, etc. Pharmaceutical companies outsource their R&D services to CROs for various benefits, in which some of the key benefits for them include access to capabilities which is not found in-house, increase their global research and operations, improve quality with cost-efficient resource utilization, access to innovation and achieve timely availability of product into the market.
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Moreover, as these pharmaceutical and biotechnology companies have increasing their presence across the globe, the global outsourcing model for R&D activities is gaining acceptance. Clinical trials are becoming global in scope, with market participants vying for access to patients, supported by the continuing trend to outsource services to low-cost and emerging markets that provide access to growing and naive patient pools. In CROs market, developing markets such as India, China, Brazil, Latin America and Eastern Europe are cited as targeted regions for growth.
Companies profiled:
Quintiles Transnational Holdings, Inc.
PAREXEL International Corp.
Covance Inc.
PRA Health Sciences
PPD
Others
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Key topics covered:
1. Preface
2. Executive summary
3. Qualitative analysis
4. Global contract research organizations market, by type of service, 2015 – 2022
5. Global contract research organizations market, by therapeutic area, 2015 – 2022
6. Contract research organizations market, by geography, 2015 – 2022
7. Company profiles

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