The healthcare contract research organizations (CRO) services market is expected to reach US$ 87,859.08 million by 2027 from US$ 43,208.57 million in 2019. The market is estimated to grow with a CAGR of 9.5% from 2020 to 2027.
Contract research organization (CRO) provides support services to the pharmaceutical, biotechnology, and medical device companies throughout the development of the product. Pharmaceutical and biotechnology companies and the medical device industry require various testing services such as preclinical services, clinical research services, analytical testing services, bio analytical 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.
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Some of the companies competing in the Healthcare Contract Research Organizations (CRO) Services market are
Charles River Laboratories Inc.
Laboratory Corporation of America Holdings
Parexel International Corporation
Pra Health Sciences
Global Healthcare Contract Research Organizations (CRO) Services Market– By Therapeutic Indication
Global Healthcare Contract Research Organizations (CRO) Services Market– By End User
Medical Device Companies
Pharmaceutical and Biopharmaceutical Companies
Healthcare Contract Research Organizations (CRO) Services Market Segmented to 2027 – COVID-19 Impact and Global Analysis by Service Type (Early Phase Development, Laboratory Services, Consulting Services, Clinical Research Services); Therapeutic Indication (Oncology, Infectious Diseases, Respiratory Diseases, Cardiovascular Diseases, Neurological Disorders, Others); End User (Medical Device Companies, Pharmaceutical and Biopharmaceutical Companies, Others); and Geography.
Regional / Country Healthcare Contract Research Organizations (CRO) Services Market: North America, Europe, Asia Pacific, Middle East and Africa, Latin America
The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2021–2028? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Healthcare Contract Research Organizations (CRO) Services market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Healthcare Contract Research Organizations (CRO) Services market?
4. What are the prominent market trends influencing the development of the Healthcare Contract Research Organizations (CRO) Services market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Healthcare Contract Research Organizations (CRO) Services market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?
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