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
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Report Attribute | Details |
---|---|
No. of Pages | 453 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 44.9 Billion |
Forecasted Market Value ( USD | $ 72.1 Billion |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPEREST OF WORLD
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
INDIA
REST OF ASIA-PACIFIC
LATIN AMERICA
IV. COMPETITION
Companies Mentioned
A selection of companies mentioned in this report includes:
- 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