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Contract Research Outsourcing - Market Analysis, Trends, and Forecasts

  • ID: 347964
  • Report
  • February 2020
  • Region: Global
  • 164 Pages
  • Global Industry Analysts, Inc
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Contract Research Outsourcing market worldwide is projected to grow by US$40.7 Billion, driven by a compounded growth of 11.2%. Clinical, one of the segments analyzed and sized in this study, displays the potential to grow at over 12%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$50 Billion by the year 2025, Clinical will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 9.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.6 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.3 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Clinical will reach a market size of US$2.6 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 14.5% over the next couple of years and add approximately US$9.8 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. 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 Research LLC
  • 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
Note: Product cover images may vary from those shown
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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

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: 2018-2025

TABLE 2: Contract Research Outsourcing Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Contract Research Outsourcing Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

TABLE 4: Clinical (Service Type) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 5: Clinical (Service Type) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017

TABLE 6: Clinical (Service Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025

TABLE 7: Discovery (Service Type) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025

TABLE 8: Discovery (Service Type) Historic Market Perspective by Region/Country in US$ Million: 2009 to 2017

TABLE 9: Discovery (Service Type) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025

TABLE 10: Pre-Clinical (Service Type) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025

TABLE 11: Pre-Clinical (Service Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2009 to 2017

TABLE 12: Pre-Clinical (Service Type) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025

TABLE 13: Laboratory Services (Service Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025

TABLE 14: Laboratory Services (Service Type) Market Historic Review by Region/Country in US$ Million: 2009 to 2017

TABLE 15: Laboratory Services (Service Type) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025

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: 2018 to 2025

TABLE 17: Contract Research Outsourcing Market in the United States by Service Type: A Historic Review in US$ Million for 2009-2017

TABLE 18: United States Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

CANADA

TABLE 19: Canadian Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2018 to 2025

TABLE 20: Canadian Contract Research Outsourcing Historic Market Review by Service Type in US$ Million: 2009-2017

TABLE 21: Contract Research Outsourcing Market in Canada: Percentage Share Breakdown of Sales by Service Type for 2009, 2019, and 2025

JAPAN

TABLE 22: Japanese Market for Contract Research Outsourcing: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2018-2025

TABLE 23: Contract Research Outsourcing Market in Japan: Historic Sales Analysis in US$ Million by Service Type for the Period 2009-2017

TABLE 24: Japanese Contract Research Outsourcing Market Share Analysis by Service Type: 2009 VS 2019 VS 2025

CHINA

TABLE 25: Chinese Contract Research Outsourcing Market Growth Prospects in US$ Million by Service Type for the Period 2018-2025

TABLE 26: Contract Research Outsourcing Historic Market Analysis in China in US$ Million by Service Type: 2009-2017

TABLE 27: Chinese Contract Research Outsourcing Market by Service Type: Percentage Breakdown of Sales for 2009, 2019, and 2025

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: 2018-2025

TABLE 29: Contract Research Outsourcing Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 30: European Contract Research Outsourcing Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

TABLE 31: European Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2018-2025

TABLE 32: Contract Research Outsourcing Market in Europe in US$ Million by Service Type: A Historic Review for the Period 2009-2017

TABLE 33: European Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

FRANCE

TABLE 34: Contract Research Outsourcing Market in France by Service Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 35: French Contract Research Outsourcing Historic Market Scenario in US$ Million by Service Type: 2009-2017

TABLE 36: French Contract Research Outsourcing Market Share Analysis by Service Type: 2009 VS 2019 VS 2025

GERMANY

TABLE 37: Contract Research Outsourcing Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2018-2025

TABLE 38: German Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2009-2017

TABLE 39: German Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

ITALY

TABLE 40: Italian Contract Research Outsourcing Market Growth Prospects in US$ Million by Service Type for the Period 2018-2025

TABLE 41: Contract Research Outsourcing Historic Market Analysis in Italy in US$ Million by Service Type: 2009-2017

TABLE 42: Italian Contract Research Outsourcing Market by Service Type: Percentage Breakdown of Sales for 2009, 2019, and 2025

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 2018-2025

TABLE 44: Contract Research Outsourcing Market in the United Kingdom: Historic Sales Analysis in US$ Million by Service Type for the Period 2009-2017

TABLE 45: United Kingdom Contract Research Outsourcing Market Share Analysis by Service Type: 2009 VS 2019 VS 2025

SPAIN

TABLE 46: Spanish Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2018 to 2025

TABLE 47: Spanish Contract Research Outsourcing Historic Market Review by Service Type in US$ Million: 2009-2017

TABLE 48: Contract Research Outsourcing Market in Spain: Percentage Share Breakdown of Sales by Service Type for 2009, 2019, and 2025

RUSSIA

TABLE 49: Russian Contract Research Outsourcing Market Estimates and Projections in US$ Million by Service Type: 2018 to 2025

TABLE 50: Contract Research Outsourcing Market in Russia by Service Type: A Historic Review in US$ Million for 2009-2017

TABLE 51: Russian Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

REST OF EUROPE

TABLE 52: Rest of Europe Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2018-2025

TABLE 53: Contract Research Outsourcing Market in Rest of Europe in US$ Million by Service Type: A Historic Review for the Period 2009-2017

TABLE 54: Rest of Europe Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

ASIA-PACIFIC

TABLE 55: Asia-Pacific Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 56: Contract Research Outsourcing Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2009-2017

TABLE 57: Asia-Pacific Contract Research Outsourcing Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025

TABLE 58: Contract Research Outsourcing Market in Asia-Pacific by Service Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 59: Asia-Pacific Contract Research Outsourcing Historic Market Scenario in US$ Million by Service Type: 2009-2017

TABLE 60: Asia-Pacific Contract Research Outsourcing Market Share Analysis by Service Type: 2009 VS 2019 VS 2025

AUSTRALIA

TABLE 61: Contract Research Outsourcing Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2018-2025

TABLE 62: Australian Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2009-2017

TABLE 63: Australian Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

INDIA

TABLE 64: Indian Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2018 to 2025

TABLE 65: Indian Contract Research Outsourcing Historic Market Review by Service Type in US$ Million: 2009-2017

TABLE 66: Contract Research Outsourcing Market in India: Percentage Share Breakdown of Sales by Service Type for 2009, 2019, and 2025

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 2018-2025

TABLE 68: South Korean Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2009-2017

TABLE 69: Contract Research Outsourcing Market Share Distribution in South Korea by Service Type: 2009 VS 2019 VS 2025

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 2018-2025

TABLE 71: Contract Research Outsourcing Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Service Type for the Period 2009-2017

TABLE 72: Rest of Asia-Pacific Contract Research Outsourcing Market Share Analysis by Service Type: 2009 VS 2019 VS 2025

LATIN AMERICA

TABLE 73: Latin American Contract Research Outsourcing Market Trends by Region/Country in US$ Million: 2018-2025

TABLE 74: Contract Research Outsourcing Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2009-2017

TABLE 75: Latin American Contract Research Outsourcing Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025

TABLE 76: Latin American Contract Research Outsourcing Market Growth Prospects in US$ Million by Service Type for the Period 2018-2025

TABLE 77: Contract Research Outsourcing Historic Market Analysis in Latin America in US$ Million by Service Type: 2009-2017

TABLE 78: Latin American Contract Research Outsourcing Market by Service Type: Percentage Breakdown of Sales for 2009, 2019, and 2025

ARGENTINA

TABLE 79: Argentinean Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2018-2025

TABLE 80: Contract Research Outsourcing Market in Argentina in US$ Million by Service Type: A Historic Review for the Period 2009-2017

TABLE 81: Argentinean Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

BRAZIL

TABLE 82: Contract Research Outsourcing Market in Brazil by Service Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 83: Brazilian Contract Research Outsourcing Historic Market Scenario in US$ Million by Service Type: 2009-2017

TABLE 84: Brazilian Contract Research Outsourcing Market Share Analysis by Service Type: 2009 VS 2019 VS 2025

MEXICO

TABLE 85: Contract Research Outsourcing Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2018-2025

TABLE 86: Mexican Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2009-2017

TABLE 87: Mexican Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

REST OF LATIN AMERICA

TABLE 88: Rest of Latin America Contract Research Outsourcing Market Estimates and Projections in US$ Million by Service Type: 2018 to 2025

TABLE 89: Contract Research Outsourcing Market in Rest of Latin America by Service Type: A Historic Review in US$ Million for 2009-2017

TABLE 90: Rest of Latin America Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

MIDDLE EAST

TABLE 91: The Middle East Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 92: Contract Research Outsourcing Market in the Middle East by Region/Country in US$ Million: 2009-2017

TABLE 93: The Middle East Contract Research Outsourcing Market Share Breakdown by Region/Country: 2009, 2019, and 2025

TABLE 94: The Middle East Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2018 to 2025

TABLE 95: The Middle East Contract Research Outsourcing Historic Market by Service Type in US$ Million: 2009-2017

TABLE 96: Contract Research Outsourcing Market in the Middle East: Percentage Share Breakdown of Sales by Service Type for 2009, 2019, and 2025

IRAN

TABLE 97: Iranian Market for Contract Research Outsourcing: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2018-2025

TABLE 98: Contract Research Outsourcing Market in Iran: Historic Sales Analysis in US$ Million by Service Type for the Period 2009-2017

TABLE 99: Iranian Contract Research Outsourcing Market Share Analysis by Service Type: 2009 VS 2019 VS 2025

ISRAEL

TABLE 100: Israeli Contract Research Outsourcing Market Estimates and Forecasts in US$ Million by Service Type: 2018-2025

TABLE 101: Contract Research Outsourcing Market in Israel in US$ Million by Service Type: A Historic Review for the Period 2009-2017

TABLE 102: Israeli Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

SAUDI ARABIA

TABLE 103: Saudi Arabian Contract Research Outsourcing Market Growth Prospects in US$ Million by Service Type for the Period 2018-2025

TABLE 104: Contract Research Outsourcing Historic Market Analysis in Saudi Arabia in US$ Million by Service Type: 2009-2017

TABLE 105: Saudi Arabian Contract Research Outsourcing Market by Service Type: Percentage Breakdown of Sales for 2009, 2019, and 2025

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 2018-2025

TABLE 107: United Arab Emirates Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2009-2017

TABLE 108: Contract Research Outsourcing Market Share Distribution in United Arab Emirates by Service Type: 2009 VS 2019 VS 2025

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 2018-2025

TABLE 110: Rest of Middle East Contract Research Outsourcing Historic Market Analysis in US$ Million by Service Type: 2009-2017

TABLE 111: Rest of Middle East Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

AFRICA

TABLE 112: African Contract Research Outsourcing Market Estimates and Projections in US$ Million by Service Type: 2018 to 2025

TABLE 113: Contract Research Outsourcing Market in Africa by Service Type: A Historic Review in US$ Million for 2009-2017

TABLE 114: African Contract Research Outsourcing Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

IV. COMPETITION

Total Companies Profiled: 115

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