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Global Healthcare Contract Research Organization Market to reach USD 64 billion by 2027.

Global Healthcare Contract Research Organization Market Size study, By Type (Drug Discovery, Pre-clinical, Clinical), By Service (Project Management/Clinical Supply Management, Data Management, Regulatory/Medical Affairs, Medical Writing, Clinical Monitoring, Others) and Regional Forecasts 2021-2027

Product Code: HLHIT-37048133
Publish Date: 15-02-2022
Page: 200

Global Healthcare Contract Research Organization Market is valued at approximately USD 40.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.6 % over the forecast period 2021-2027. Healthcare Contract Research Organization is a company that provides research services on a contract basis to various healthcare companies such as pharmaceutical, biotechnology, and medical devices industries etc. The increasing penetration of clinical trials has led to the adoption of Healthcare Contract Research Organization across the forecast period. For Instance: according to Medecins Sans Frontieres in 2019, clinical trials and research activities in the medical field are increasing rapidly such as research on antibiotic resistance, affordable pneumonia vaccine, research regarding the use of new tuberculosis drugs bedaquiline and delamanid. Rising trends of outsourcing and cost savings enabled by using CRO service enhances the market growth of healthcare contract research organizations. Also, with the increasing R&D activities by biopharmaceutical companies, the adoption & demand for Healthcare Contract Research Organization is likely to increase the market growth during the forecast period. However, lack of skilled Professionals impedes the growth of the market over the forecast period of 2021-2027.

The geographical regions for the analysis of global Healthcare Contract Research Organization market analysis include Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific dominated the market globally in terms of huge revenue share due to the presence of diverse population, increasing cases of chronic diseases. Whereas, North America is also estimated to attain the second-largest growth rate during 2021-2027 due to supporting factors such as rising research and development activities towards healthcare, growing government support and surging government expenditure in public healthcare.

Major market players included in this report are:
Charles River Laboratories
Envigo
ICON PLC
IQVIA
Laboratory Corporation of America Holdings (Labcorp)
Medpace Holdings Inc.
PSI CRO AG
Parexel International
PPD Inc.
PRA Health Sciences

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Drug Discovery
Pre-clinical
Clinical
By Service:
Project Management/Clinical Supply Management
Data Management
Regulatory/Medical Affairs
Medical Writing
Clinical Monitoring
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Healthcare Contract Research Organization Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Healthcare Contract Research Organization Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global Healthcare Contract Research Organization Market, by Type, 2019-2027 (USD Billion)
1.2.3. Global Healthcare Contract Research Organization Market, by Service, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Healthcare Contract Research Organization Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Healthcare Contract Research Organization Market Dynamics
3.1. Healthcare Contract Research Organization Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing penetration of clinical trials
3.1.1.2. Rising trends of outsourcing and cost savings enabled by using CRO services
3.1.2. Market Challenges
3.1.2.1. Lack of skilled Professionals
3.1.3. Market Opportunities
3.1.3.1. Increasing R&D activities by biopharmaceutical companies
Chapter 4. Global Healthcare Contract Research Organization Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Healthcare Contract Research Organization Market, by Type
6.1. Market Snapshot
6.2. Global Healthcare Contract Research Organization Market by Type, Performance – Potential Analysis
6.3. Global Healthcare Contract Research Organization Market Estimates & Forecasts by Type, 2018-2027 (USD Billion)
6.4. Healthcare Contract Research Organization Market, Sub Segment Analysis
6.4.1. Drug Discovery
6.4.2. Pre-clinical
6.4.3. Clinical
Chapter 7. Global Healthcare Contract Research Organization Market, by Service
7.1. Market Snapshot
7.2. Global Healthcare Contract Research Organization Market by Service, Performance – Potential Analysis
7.3. Global Healthcare Contract Research Organization Market Estimates & Forecasts by Service, 2018-2027 (USD Billion)
7.4. Healthcare Contract Research Organization Market, Sub Segment Analysis
7.4.1. Project Management/Clinical Supply Management
7.4.2. Data Management
7.4.3. Regulatory/Medical Affairs
7.4.4. Medical Writing
7.4.5. Clinical Monitoring
7.4.6. Others
Chapter 8. Global Healthcare Contract Research Organization Market, Regional Analysis
8.1. Healthcare Contract Research Organization Market, Regional Market Snapshot
8.2. North America Healthcare Contract Research Organization Market
8.2.1. U.S. Healthcare Contract Research Organization Market
8.2.1.1. Type breakdown estimates & forecasts, 2018-2027
8.2.1.2. Service breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Healthcare Contract Research Organization Market
8.3. Europe Healthcare Contract Research Organization Market Snapshot
8.3.1. U.K. Healthcare Contract Research Organization Market
8.3.2. Germany Healthcare Contract Research Organization Market
8.3.3. France Healthcare Contract Research Organization Market
8.3.4. Spain Healthcare Contract Research Organization Market
8.3.5. Italy Healthcare Contract Research Organization Market
8.3.6. Rest of Europe Healthcare Contract Research Organization Market
8.4. Asia-Pacific Healthcare Contract Research Organization Market Snapshot
8.4.1. China Healthcare Contract Research Organization Market
8.4.2. India Healthcare Contract Research Organization Market
8.4.3. Japan Healthcare Contract Research Organization Market
8.4.4. Australia Healthcare Contract Research Organization Market
8.4.5. South Korea Healthcare Contract Research Organization Market
8.4.6. Rest of Asia Pacific Healthcare Contract Research Organization Market
8.5. Latin America Healthcare Contract Research Organization Market Snapshot
8.5.1. Brazil Healthcare Contract Research Organization Market
8.5.2. Mexico Healthcare Contract Research Organization Market
8.6. Rest of The World Healthcare Contract Research Organization Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Charles River Laboratories
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Envigo
9.2.3. ICON PLC
9.2.4. IQVIA
9.2.5. Laboratory Corporation of America Holdings (Labcorp)
9.2.6. medpace Holdings Inc.
9.2.7. PSI CRO AG
9.2.8. Parexel International
9.2.9. PPD Inc.
9.2.10. PRA Health Sciences
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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