The Contract Research Organizations are those which provides clinical trial and other research support services to pharmaceutical/biotechnology industries and medical device industries, besides others. Moreover, they can also serve government institutions, foundations, and universities in their research process.
The Global economy is changing and the big pharmaceutical companies are progressively looking to outsource critical functions including research and manufacturing of the therapeutic drugs and medical devices.
Factors contributing to the proliferation of the market growth include augmented demand and supply for the medicines, demand for the generic drugs, coupled with the growing number of patent expiries and growing drugs manufacturing sector. Pervasively Growing CMO market backed by the growing population that is increasingly adopting the heady & sedentary lifestyle, leading to the prevailing chronic diseases & disorders, is reasoning for the driving force behind this outstanding growth.
The Global Contract Research Organization Market is expected to grow at a CAGR of 11.48% during the forecast period.
Key Players of Contract Research Organization (CRO) Market
Some of the major players in the global telehealth market are Koninklijke Philips N.V. (the Netherlands), Medtronic (Ireland), General Electric Company (UK), McKesson Corporation (US), Care Innovations, LLC. (US), Cerner Corporation (US), GlobalMedia Group, LLC (US), Siemens Healthcare Private Limited (US), AMD Global Telemedicine, Inc. (US), InTouch Technologies, Inc. (US).
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Contract Research Organization Market – Competitive Analysis
The Contract Research Organization market is widely expanded and highly competitive with the presence of numerous major and small players operating at the international and regional level around the globe. Based upon pricing and services of array these vendors are competing against each other. Furthermore, the competitive strength of these market players is dependent on Service precision, Service pricing, versatility, and Service reliability. The market will witness a fierce competition due to the expected extensions in innovations. Players operating in the Contract Research Organization market strive to offer services with adept technology with unrivaled design and features.
Contract Research Organization Industry Related News
May 14, 2018 –PolarityTE (US) announced the acquiring of GLP/USDA Preclinical Biomedical Research Facility. This is expected to accelerate R&D of company’s pipeline products
Regional Analysis of Contract Research Organization (CRO) Market
The Americas dominates the Global Contract Research Organization Market (CRO) due to a well-developed healthcare sector providing large number of medical services. Moreover, large patient population and changing lifestyle have boosted the growth of the market in the Americas.
Europe is the second largest Global Contract Research Organization (CRO) Market, which is followed by Asia Pacific. Availability of funds for research, increasing healthcare expenditures, well-developed healthcare sector and favorable governmental policies will to drive the market growth in the Europen contract research organization market during the forecasted period.
Asia Pacific is the fastest growing region in Global the market due to the presence of a huge patient population, continuously developing economies like India and China. According to the Indian Brand Equity Foundation in 2017, the Indian healthcare sector is one of the fastest growing industries and is expected to advance at a CAGR of 22.87% during the review period to reach USD 280 billion by 2020.
On the other hand, the Middle East & Africa holds the least share in the Global Contract Research Organization Market due to the presence of poor economies especially in Africa region with low per capita income.
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Some Brief Table of Content
CHAPTER 1. REPORT PROLOGUE
CHAPTER 2. MARKET INTRODUCTION
2.1 INTRODUCTION
2.2 SCOPE OF STUDY
2.3 RESEARCH OBJECTIVE
2.4 ASSUMPTIONS & LIMITATIONS
2.4.1 ASSUMPTIONS
2.4.2 LIMITATIONS
2.5 MARKET STRUCTURE
CHAPTER 3. RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
CHAPTER 4. MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 ECONOMICS OF PRODUCTION AND SCALE
4.2.2 FOCUS ON CORE COMPETENCIES
4.2.3 MUTUAL BENEFIT TO BOTH CONTRACTOR AND CLIENT
TOC Continued…
LIST OF TABLES
TABLE 1 GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET, BY SEGMENT, 2014-2023 (USD MILLION)
TABLE 2 GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET FOR DRUG DISCOVERY, BY REGION, 2014-2023 (USD MILLION)
TABLE 3 GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET FOR CLINICAL DEVELOPMENT, BY REGION, 2014-2023 (USD MILLION)
TABLE 4 GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET FOR POST MARKETING SERVICES, BY REGION, 2014-2023 (USD MILLION)
TABLE 5 GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET, BY CLINICAL TRIAL PHASE, 2014-2023 (USD MILLION)
TABLE 6 GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET FOR PRECLINICAL TRIAL, BY REGION, 2014-2023 (USD MILLION)
TABLE 7 GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET FOR PHASE I CLINICAL TRIAL, BY REGION, 2014-2023 (USD MILLION)
TABLE 8 GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET FOR PHASE II CLINICAL TRIAL, BY REGION, 2014-2023 (USD MILLION)
Continued…
FIGURE 1 GLOBAL CRO MARKET, BY SEGMENT, 2016 (%)
FIGURE 2 GLOBAL CRO MARKET, BY CLINICAL TRAIL, PHASE, 2016 (%)
FIGURE 3 GLOBAL CONTRACT RESEARCH ORGANIZATION MARKET: MARKET STRUCTURE
FIGURE 4 RESEARCH PROCESS
FIGURE 5 GLOBAL MHEALTH DEVICE MARKET: PORTER FIVE FORCE ANALYSIS
FIGURE 6 VALUE CHAIN ANALYSIS
FIGURE 7 GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET, BY SEGMENT, 2016 & 2023 (USD MILLION)
FIGURE 8 GLOBAL CONTRACT RESEARCH ORGANIZATION (CRO) MARKET, BY CLINICAL TRIAL PHASE, 2016 & 2023 (USD MILLION)
Continued…
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