Contract Research Outsourcing - Global Market Trajectory & Analytics

Global Contract Research Outsourcing Market to Reach $72.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Contract Research Outsourcing estimated at US$44.9 Billion in the year 2020, is projected to reach a revised size of US$72.1 Billion by 2027, growing at a CAGR of 7% over the period 2020-2027. Clinical, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$48.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Discovery segment is readjusted to a revised 6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $18.1 Billion, While China is Forecast to Grow at 9.3% CAGR

The Contract Research Outsourcing market in the U.S. is estimated at US$18.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2027 trailing a CAGR of 9.3% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR.

Pre-Clinical Segment to Record 6.8% CAGR

In the global Pre-Clinical segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.3 Billion in the year 2020 will reach a projected size of US$8.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 152 Featured)

• Albany Molecular Research, Inc.
• Charles River Laboratories International, Inc.
• Covance Clinical Biotech
• ICON plc
• IQVIA Inc
• Jubilant Biosys Ltd.
• Laboratory Corporation of America® Holdings
• Olon Ricerca Bioscience
• PAREXEL International Corp.
• Pharmaceutical Product Development, LLC.
• Pharmaron
• PRA Health Sciences, Inc.
• Sygnature Discovery Limited
• Syneos Health
• SynteractHCR
• WuXi AppTec

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to a digital archives and Research Platform
• Complimentary updates for one year