+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Contract Research Outsourcing - Global Market Trajectory & Analytics

  • ID: 347964
  • Report
  • May 2020
  • Region: Global
  • 259 Pages
  • Global Industry Analysts, Inc
1 of 2
Amid the COVID-19 crisis and the looming economic recession, the Contract Research Outsourcing market worldwide will grow by a projected US$39.4 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 10%. Clinical, one of the segments analyzed and sized in this study, is forecast to grow at over 10.8% and reach a market size of US$52.4 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Clinical market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 8.5% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$1.5 Billion to the region's size over the next 7 to 8 years. In addition, over US$1.3 Billion worth of projected demand in the region will come from Rest of the European markets. In Japan, the Clinical segment will reach a market size of US$2.3 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Contract Research Outsourcing market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 14.2% over the next couple of years and add approximately US$8.3 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Contract Research Outsourcing market landscape. 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 , 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

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 2
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
Impact of Covid-19 and a Looming Global Recession

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: 2020-2027
TABLE 2: Contract Research Outsourcing Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Contract Research Outsourcing Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Clinical (Service Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Clinical (Service Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Clinical (Service Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Discovery (Service Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Discovery (Service Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Discovery (Service Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Pre-Clinical (Service Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Pre-Clinical (Service Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Pre-Clinical (Service Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Laboratory Services (Service Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 14: Laboratory Services (Service Type) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 15: Laboratory Services (Service Type) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027

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: 2020 to 2027
TABLE 17: Contract Research Outsourcing Market in the United States by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 18: United States Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
CANADA
TABLE 19: Canadian Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 20: Canadian Contract Research Outsourcing Historic Market Review by Service Type in US$ Million: 2012-2019
TABLE 21: Contract Research Outsourcing Market in Canada: Percentage Share Breakdown of Sales by Service Type for 2012, 2020, and 2027
JAPAN
TABLE 22: Japanese Market for Contract Research Outsourcing: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 23: Contract Research Outsourcing Market in Japan: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 24: Japanese Contract Research Outsourcing Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
CHINA
TABLE 25: Chinese Contract Research Outsourcing Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 26: Contract Research Outsourcing Historic Market Analysis in China in US$ Million by Service Type: 2012-2019
TABLE 27: Chinese Contract Research Outsourcing Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
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: 2020-2027
TABLE 29: Contract Research Outsourcing Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 30: European Contract Research Outsourcing Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 31: European Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 32: Contract Research Outsourcing Market in Europe in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 33: European Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
FRANCE
TABLE 34: Contract Research Outsourcing Market in France by Service Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 35: French Contract Research Outsourcing Historic Market Scenario in US$ Million by Service Type: 2012-2019
TABLE 36: French Contract Research Outsourcing Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
GERMANY
TABLE 37: Contract Research Outsourcing Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 38: German Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 39: German Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
ITALY
TABLE 40: Italian Contract Research Outsourcing Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 41: Contract Research Outsourcing Historic Market Analysis in Italy in US$ Million by Service Type: 2012-2019
TABLE 42: Italian Contract Research Outsourcing Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
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 2020-2027
TABLE 44: Contract Research Outsourcing Market in the United Kingdom: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 45: United Kingdom Contract Research Outsourcing Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
SPAIN
TABLE 46: Spanish Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 47: Spanish Contract Research Outsourcing Historic Market Review by Service Type in US$ Million: 2012-2019
TABLE 48: Contract Research Outsourcing Market in Spain: Percentage Share Breakdown of Sales by Service Type for 2012, 2020, and 2027
RUSSIA
TABLE 49: Russian Contract Research Outsourcing Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 50: Contract Research Outsourcing Market in Russia by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 51: Russian Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 52: Rest of Europe Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 53: Contract Research Outsourcing Market in Rest of Europe in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 54: Rest of Europe Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 55: Asia-Pacific Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 56: Contract Research Outsourcing Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 57: Asia-Pacific Contract Research Outsourcing Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 58: Contract Research Outsourcing Market in Asia-Pacific by Service Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 59: Asia-Pacific Contract Research Outsourcing Historic Market Scenario in US$ Million by Service Type: 2012-2019
TABLE 60: Asia-Pacific Contract Research Outsourcing Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
AUSTRALIA
TABLE 61: Contract Research Outsourcing Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 62: Australian Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 63: Australian Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
INDIA
TABLE 64: Indian Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 65: Indian Contract Research Outsourcing Historic Market Review by Service Type in US$ Million: 2012-2019
TABLE 66: Contract Research Outsourcing Market in India: Percentage Share Breakdown of Sales by Service Type for 2012, 2020, and 2027
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 2020-2027
TABLE 68: South Korean Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 69: Contract Research Outsourcing Market Share Distribution in South Korea by Service Type: 2012 VS 2020 VS 2027
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 2020-2027
TABLE 71: Contract Research Outsourcing Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 72: Rest of Asia-Pacific Contract Research Outsourcing Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 73: Latin American Contract Research Outsourcing Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 74: Contract Research Outsourcing Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 75: Latin American Contract Research Outsourcing Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 76: Latin American Contract Research Outsourcing Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 77: Contract Research Outsourcing Historic Market Analysis in Latin America in US$ Million by Service Type: 2012-2019
TABLE 78: Latin American Contract Research Outsourcing Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
ARGENTINA
TABLE 79: Argentinean Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 80: Contract Research Outsourcing Market in Argentina in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 81: Argentinean Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
BRAZIL
TABLE 82: Contract Research Outsourcing Market in Brazil by Service Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 83: Brazilian Contract Research Outsourcing Historic Market Scenario in US$ Million by Service Type: 2012-2019
TABLE 84: Brazilian Contract Research Outsourcing Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
MEXICO
TABLE 85: Contract Research Outsourcing Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 86: Mexican Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 87: Mexican Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 88: Rest of Latin America Contract Research Outsourcing Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 89: Contract Research Outsourcing Market in Rest of Latin America by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 90: Rest of Latin America Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 91: The Middle East Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 92: Contract Research Outsourcing Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 93: The Middle East Contract Research Outsourcing Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 94: The Middle East Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 95: The Middle East Contract Research Outsourcing Historic Market by Service Type in US$ Million: 2012-2019
TABLE 96: Contract Research Outsourcing Market in the Middle East: Percentage Share Breakdown of Sales by Service Type for 2012,2020, and 2027
IRAN
TABLE 97: Iranian Market for Contract Research Outsourcing: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 98: Contract Research Outsourcing Market in Iran: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 99: Iranian Contract Research Outsourcing Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
ISRAEL
TABLE 100: Israeli Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 101: Contract Research Outsourcing Market in Israel in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 102: Israeli Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 103: Saudi Arabian Contract Research Outsourcing Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 104: Contract Research Outsourcing Historic Market Analysis in Saudi Arabia in US$ Million by Service Type: 2012-2019
TABLE 105: Saudi Arabian Contract Research Outsourcing Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
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 2020-2027
TABLE 107: United Arab Emirates Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 108: Contract Research Outsourcing Market Share Distribution in United Arab Emirates by Service Type: 2012 VS 2020 VS 2027
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 2020-2027
TABLE 110: Rest of Middle East Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 111: Rest of Middle East Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
AFRICA
TABLE 112: African Contract Research Outsourcing Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 113: Contract Research Outsourcing Market in Africa by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 114: African Contract Research Outsourcing Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

IV. COMPETITION
Total Companies Profiled: 115
Note: Product cover images may vary from those shown
3 of 2

Loading
LOADING...

Adroll
adroll