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Asia Pacific Contract Research Organization Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type; End User and Geography- Product Image
Asia Pacific Contract Research Organization Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type; End User and Geography- Product Image
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Asia Pacific Contract Research Organization Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type; End User and Geography

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    Report

  • April 2021
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 4987817
UP TO OFF until Jun 30th 2024
Description Jump to:
The Asia-Pacific contract research organization market was valued at US$ 8,112.00 million in 2020, and it is projected to reach US$ 18,399.87 million by 2028; it is expected to grow at a CAGR of 11.2% during 2021–2028. The market growth is attributed to the key driving factors such as the increasing R&D expenditures and outsourcing activities and rising number of clinical trials in Asia-Pacific. However, the availability of skilled professionals hinders the growth of the market.

A contract research organization (CRO) provides support services to the pharmaceutical, biotechnology, and medical device companies throughout the development of the product. Pharmaceutical & biotechnology companies and the medical device industry require various testing services such as preclinical services, clinical research services, analytical testing services, bioanalytical testing services, and regulatory services. CROs are specifically designed to perform these testing services to reduce the in-house cost and time of the companies required to conduct the extensive range of testing services to comply with the national and international regulatory standards.

Based on type, the Asia-Pacific contract research organization market is segmented into early phase services, clinical research services, laboratory services, and post-approval services. The clinical research services segment held the largest market share in 2020, and the same segment is expected to register the highest CAGR during the forecast period.

By end user, the Asia-Pacific contract research organization market is segmented into pharmaceutical & biotechnology companies and medical devices companies. The pharmaceutical & biotechnology companies segment held larger share of the market in 2020 and the same segment is expected to register higher CAGR in the market during 2021–2028.

Food and Drug Administration (FDA), India Brand Equity Foundation (IBEF), and Pharmaceutical and Medical Devices Agency (PMDA) are among the secondary sources referred to while preparing the report on the Asia-Pacific contract research organization market.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific contract research organization market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific contract research organization market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia-Pacific Contract Research Organization Market - By Type
1.3.2 Asia-Pacific Contract Research Organization Market - By End User
1.3.3 Asia-Pacific Contract Research Organization Market- By Geography
2. Contract Research Organization Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia-Pacific Contract Research Organization Market- Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 APAC PEST Analysis
4.3 Expert Opinion
4.4 Pharmaceutical Drugs Market Forecast and Analysis, By Region
4.5 Global R&D Spend by Pharmaceutical and Biotechnology Companies, Forecast To 2028
4.6 Global Outsourcing Scenario (Qualitative Insights)
4.7 Global Funding in Biotechnology Sector
5. Contract Research Organization Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing R&D Expenditures and Outsourcing Activities
5.1.2 Increasing Number of Clinical Trials in Asia Pacific
5.2 Market Restraint
5.2.1 Availability of Skilled Professionals
5.3 Market Opportunity
5.3.1 Rising Demand for Specialized Testing Services
5.4 Future Trend
5.4.1 Rising Market Consolidation
5.5 Impact analysis
6. Contract Research Organization Market- Asia-Pacific Analysis
6.1 Asia-Pacific Contract Research Organization Market Revenue Forecast and Analysis
7. Contract Research Organization (CRO) Market Analysis - By Type
7.1 Overview
7.2 Contract Research Organization (CRO) Market Revenue Share, by Type (2020-2028)
7.3 Early Phase Development Services
7.3.1 Overview
7.3.2 Early Phase Development Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
7.3.3 Drug Discovery Services Market
7.3.3.1 Overview
7.3.3.2 Drug Discovery Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
7.3.4 Pre-Clinical Services Market
7.3.4.1 Overview
7.3.4.2 Pre-Clinical Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Clinical Research Services
7.4.1 Overview
7.4.2 Clinical Research Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Laboratory Services
7.5.1 Overview
7.5.2 Laboratory Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Post-Approval Services
7.6.1 Overview
7.6.2 Post-Approval Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
8. Contract Research Organization (CRO) Market Analysis - By End User
8.1 Overview
8.2 Contract Research Organization (CRO) Market Revenue Share, by End User (2020-2028)
8.3 Pharmaceutical and Biotechnology Companies
8.3.1 Overview
8.3.2 Pharmaceutical and Biotechnology Companies: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Medical Device Companies
8.4.1 Overview
8.4.2 Medical Device Companies: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
9. Contract Research Organization Market Analysis and Forecasts To 2028 - Geographical Analysis
9.1 Asia-Pacific: Contract Research Organization Market
9.1.1 Overview
9.1.2 Asia-Pacific: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.3 Asia-Pacific: Contract Research Organization Market, by Type, 2019-2028 (USD Million)
9.1.3.1 Asia-Pacific: Early Phase Development Services Market, by Type, 2019-2028 (USD Million)
9.1.4 Asia-Pacific: Contract Research Organization Market, by End User, 2019-2028 (USD Million)
9.1.5 Asia-Pacific: Contract Research Organization Market, by Country, 2020 & 2028 (%)
9.1.6 China: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.6.1 China: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.6.2 China: Contract Research Organization Market, by Type, 2019-2028 (USD Million)
9.1.6.2.1 China: Early Phase Development Services Market, by Type, 2019-2028 (USD Million)
9.1.6.3 China: Imaging Tests Market, by End User, 2019-2028 (USD Million)
9.1.7 Japan: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.7.1 Japan: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.7.2 Japan: Contract Research Organization Market, by Type, 2019-2028 (USD Million)
9.1.7.2.1 Japan: Early Phase Development Services Market, by Type, 2019-2028 (USD Million)
9.1.7.3 Japan: Contract Research Organization Market, by End User, 2019-2028 (USD Million)
9.1.8 India: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.8.1 India: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.8.2 India: Contract Research Organization Market, by Type, 2019-2028 (USD Million)
9.1.8.2.1 India: Early Phase Development Services Market, by Type, 2019-2028 (USD Million)
9.1.8.3 India: Contract Research Organization Market, by End User, 2019-2028 (USD Million)
9.1.9 Australia: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.9.1 Australia: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.9.2 Australia: Contract Research Organization Market, by Type, 2019-2028 (USD Million)
9.1.9.2.1 Australia: Early Phase Development Services Market, by Type, 2019-2028 (USD Million)
9.1.9.3 Australia: Contract Research Organization Market, by End User, 2019-2028 (USD Million)
9.1.10 South Korea: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.10.1 South Korea: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.10.2 South Korea: Contract Research Organization Market, by Type, 2019-2028 (USD Million)
9.1.10.2.1 South Korea: Early Phase Development Services Market, by Type, 2019-2028 (USD Million)
9.1.10.3 South Korea: Contract Research Organization Market, by End User, 2019-2028 (USD Million)
9.1.11 Rest of Asia-Pacific: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.11.1 Rest of Asia-Pacific: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.11.2 Rest of Asia-Pacific: Contract Research Organization Market, by Type, 2019-2028 (USD Million)
9.1.11.2.1 Rest of Asia-Pacific: Early Phase Development Services Market, by Type, 2019-2028 (USD Million)
9.1.11.3 Rest of Asia-Pacific: Contract Research Organization Market, by End User, 2019-2028 (USD Million)
10. Impact of COVID-19 Pandemic on Asia-Pacific Contract Research Organization Market
10.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11. Appendix
11.1 About the Publisher
11.2 Glossary of Terms
List of Tables
Table 1. Global Pharmaceutical Drugs Market, By Region - Revenue and Forecast to 2028 (USD Million)
Table 2. Global R&D Expenditure by Pharmaceutical and Biotechnology Companies- Revenue and Forecast to 2028 (USD Million)
Table 3. R&D Investments by Pharmaceutical Companies in Asia
Table 4. Asia-Pacific Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 5. Asia-Pacific: Early Phase Development Services Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 6. Asia-Pacific Contract Research Organization Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 7. China: Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 8. China: Early Phase Development Services Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 9. China: Imaging Tests Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 10. Japan: Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 11. Japan: Early Phase Development Services Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 12. Japan: Contract Research Organization Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 13. India: R&D Spending of Indian Pharmaceutical Companies (2017)
Table 14. India: Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 15. India: Early Phase Development Services Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 16. India: Contract Research Organization Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 17. Australia: Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 18. Australia: Early Phase Development Services Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 19. Australia: Contract Research Organization Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 20. South Korea: Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 21. South Korea: Early Phase Development Services Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 22. South Korea: Contract Research Organization Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 23. Rest of Asia-Pacific: Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 24. Rest of Asia-Pacific: Early Phase Development Services Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 25. Rest of Asia-Pacific: Contract Research Organization Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 26. Glossary of Terms, Contract Research Organization Market
List of Figures
Figure 1. Contract Research Organization Market Segmentation
Figure 2. Contract Research Organization Segmentation, By Region
Figure 3. Asia-Pacific Contract Research Organization Market Overview
Figure 4. Clinical Research Services Held Largest Share of Type Segment in Contract Research Organization Market
Figure 5. India to Show Remarkable Growth During Forecast Period
Figure 6. Asia-Pacific Contract Research Organization Market - Leading Country Markets (US$ Million)
Figure 7. APAC: PEST Analysis
Figure 8. Contract Research Organization Market Impact Analysis of Driver and Restraints
Figure 9. Asia-Pacific Contract Research Organization Market - Revenue Forecast and Analysis - 2020- 2028
Figure 10. Contract Research Organization (CRO) Market Revenue Share, by Type (2020-2028)
Figure 11. Early Phase Development Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. Drug Discovery Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Pre-Clinical Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Clinical Research Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Laboratory Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Post-Approval Services: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Contract Research Organization (CRO) Market Revenue Share, by End User (2020-2028)
Figure 18. Pharmaceutical and Biotechnology Companies: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Medical Device Companies: Contract Research Organization (CRO) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia-Pacific: Contract Research Organization Market, by Key Country - Revenue (2020) (USD Million)
Figure 21. Asia-Pacific Contract Research Organization Market Revenue and Forecast to 2027 (USD Million)
Figure 22. Asia-Pacific: Contract Research Organization Market, by Country, 2020 & 2028 (%)
Figure 23. China: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 24. Japan: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 25. India: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 26. Australia: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 27. South Korea: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 28. Rest of Asia-Pacific: Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 29. Impact of COVID-19 Pandemic on Contract Research Organization Market in Asia-Pacific Countries

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • IQVIA Inc.
  • Parexel International Corporation
  • Charles River Laboratories, Inc.
  • ACM Global Laboratories
  • Merck KGaA (Bio Reliance Corporation)
  • Celerion
  • Clinitude
  • Laboratory Corporation of America Holdings (Covance Inc.)
  • Novotech
  • Icon PLC

Table Information

Report AttributeDetails
PublishedApril 2021
Forecast Period2020 - 2028
Estimated Market Value ( USD ) in 2020 $ 8112 Million
Forecasted Market Value ( USD ) by 2028 $ 18399.87 Million
Compound Annual Growth Rate11.2%
Regions CoveredAsia Pacific

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