During the projection period of 2021–2030, the global Pharmaceutical Contract Research Organisation (CRO) Market is expected to develop at a stable compound annual growth rate (CAGR) of 9.8%, surpassing $45.0 billion. The rising prevalence of diseases, rising healthcare costs, and the expanding reliance on contract research organisations to improve productivity and efficiency in drug development are the main factors driving the market expansion.

Pharmaceutical businesses have an urgent need for expedited research and development (R&D) procedures as the prevalence of diseases rises globally. In order to support the drug development lifecycle, contract research organisations offer specialised services such clinical trial management, regulatory consulting, and data administration. The demand for CRO services is fueled by these organisations' ability to help pharmaceutical companies speed up the drug discovery process, cut operating expenses, and concentrate on core strengths.

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Additionally, the increasing costs of healthcare around the world have led to a greater focus on quick and inexpensive medication development methods. Pharmaceutical businesses are contract research organisations more and more because they can take advantage of their infrastructure, knowledge, and wide variety of services. This move towards outsourcing enables businesses to take use of CRO skills, optimise resource allocation, and speed up the drug development process, ultimately resulting in increased productivity and efficiency.

The demand for contract research organisations is anticipated to increase over the next few years as a result of the major developments and rising complexity that the global pharmaceutical industry is experiencing. To meet the changing needs of the pharmaceutical industry, major market participants are constantly investing in extending their service portfolios and geographic reach. Please refer to the market research report on the global pharmaceutical contract research organisation (CRO) market for in-depth insights and thorough analyses.

Highlighted with 118 tables and 80 figures, this 194-page report “Global Pharmaceutical Contract Research Organization (CRO) Market 2021-2030 by Service, Therapeutic Application, End User, and Region: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire global pharmaceutical contract research organization (CRO) market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2030 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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https://www.marketwatch.com/press-release/global-pharmaceutical-contract-research-organization-cro-market-share-size-growth-demand-analysis-2031-2023-06-02?mod=search_headline

In-depth qualitative analyses include identification and investigation of the following aspects:

Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global pharmaceutical contract research organization (CRO) market in every aspect of the classification from perspectives of Service, Therapeutic Application, End User, and Region.

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Based on Service, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2021-2030 included in each section.

CRO for Pre-clinical Development
CRO for Phase I Trials
CRO for Phase II Trials
CRO for Phase III Trials
CRO for Phase IV Trials
Laboratory Services
Consulting Services
Data Management Services

Based on Therapeutic Application, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2021-2030 included in each section.

Infectious Diseases
Oncology
Metabolic Disorders
Cardiovascular Disorders
Central Nervous System
Respiratory Disorders
Gastrointestinal Disorders
Other Therapeutic Applications

By End User, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2021-2030 included in each section.

Pharmaceutical & Biopharmaceutical Companies
Medical Device Companies
Academic Institutes

Geographically, the following regions together with the listed national/local markets are fully investigated:

North America (U.S., Canada, and Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (UAE, Saudi Arabia, South Africa, Other Nations)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ bn) are available for 2021-2030. The breakdown of all regional markets by country and split of key national markets by Service, Therapeutic Application, and End User over the forecast years are also included.

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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Charles River Laboratories

CMIC Co. Ltd

Covance Inc.

Hangzhou Tigermed Consulting Co., Ltd.

ICON Plc

IQVIA Holdings Inc.

LSK Global Pharma Service Co., Ltd.

Novotech Pty Ltd

PAREXEL International Corporation

Pharmaceutical Product Development LLC (PPD)

PRA Health Sciences Inc.

Quanticate Ltd

Samsung Bioepis Co., Ltd.

SGS SA (SGS Life Sciences)

Syneos Health Inc.

WuXi AppTec Inc.

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