Global contract research organization (CRO) market was valued at around USD 43.7 Billion in year 2021 and is anticipated to generate revenue of almost USD 58.3 Billion by the end of year 2030. The global industry is growing at a healthy CAGR of approximately 9% during the 2021-2026. The latest report by Vertex Market Research on the global Contract Research Organization (CRO) Market offers insights and analysis regarding the various aspects and dynamics throughout the study period while providing their impacts on the overall market’s growth.
The contract research organizations (CRO) offer help to the biotechnology, pharmaceutical, and medical device companies. Factors such as the rising patient population, increasing demand for effective drugs and healthcare devices, and high expenditure of product expansion are responsible for the contract research organization market growth across the globe. Furthermore, augmented outsourcing services of research, the evolving research and development costs, and development programs, and expansion number of clinical trials are expected to fuel the growth of the market during the forecast period. The patent expiries leading to the general competition and severe demands from regulators will have a constructive impact on the bottom lines of pharmaceutical industries which is also contributing to the market.
This report segments the global contract research organization (CRO) market as follows:
Global Contract Research Organization (CRO): By Type
Global Contract Research Organization (CRO): By Application
Global Contract Research Organization (CRO): Regional Segmentation Analysis
1. Preface
1.1. Study Scope and Description
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2. Executive Summary
2.1. Contract Research Organization (CRO) Market, Revenue and Forecast 2017–2026 (USD Billion)
2.2. Contract Research Organization (CRO) Market: Snapshot
3. Global Contract Research Organization (CRO) Market– Industry Analysis
3.1. Contract Research Organization (CRO) Market: Market Growth Factors
3.2. Market Drivers
3.2.1. Growing demand for effective drugs and healthcare devices
3.2.2. High expenditure of product expansion
3.3. Market Restraints
3.3.1. Restraint 1
3.3.2. Restraint 2
3.4. Market Opportunities
3.5. Future Trends
3.6. Porter’s Five Forces Analysis
3.7. Market Attractiveness Analysis
3.7.1. Market attractiveness analysis By Type
3.7.2. Market attractiveness analysis By Application
3.7.3. Market attractiveness analysis By Region
4. Global Contract Research Organization (CRO) Market– Competitive Landscape
4.1. Company market share analysis
4.1.1. Global Contract Research Organization (CRO) Market: company market share, 2020
4.2. Strategic development
4.2.1. Mergers & Acquisitions
4.2.2. Latest Product launches
4.2.3. Partnerships, collaborations, agreements, and joint ventures
4.2.4. Research & development and Regional expansion
4.3. Value trend analysis
5. Global Contract Research Organization (CRO) Market Synopsis – Type Analysis
5.1. Global Contract Research Organization (CRO) Market overview: By Type
5.1.1. Global Contract Research Organization (CRO) Market share, By Type, Revenue and Forecast 2021 and 2026
5.2. Early Phase Development Services
5.2.1. Global Contract Research Organization (CRO) Market by Early Phase Development Services, Revenue and Forecast 2017–2026 (USD Billion)
5.3. Pharmacokinetics/Pharmacodynamics (PK/PD)
5.3.1. Global Contract Research Organization (CRO) Market by Pharmacokinetics/Pharmacodynamics (PK/PD), Revenue and Forecast 2017–2026 (USD Billion)
5.4. Toxicology Testing
5.4.1. Global Contract Research Organization (CRO) Market by Toxicology Testing, Revenue and Forecast 2017–2026 (USD Billion)
5.5. Clinic Research Services
5.5.1. Global Contract Research Organization (CRO) Market by Clinic Research Services, Revenue and Forecast 2017–2026 (USD Billion)
5.6. Physical Characterization
5.6.1. Global Contract Research Organization (CRO) Market by Physical Characterization, Revenue and Forecast 2017–2026 (USD Billion)
5.7. Stability Testing
5.7.1. Global Contract Research Organization (CRO) Market by Stability Testing, Revenue and Forecast 2017–2026 (USD Billion)
5.8. Batch Release Testing
5.8.1. Global Contract Research Organization (CRO) Market by Batch Release Testing, Revenue and Forecast 2017–2026 (USD Billion)
5.9. Consulting Services
5.9.1. Global Contract Research Organization (CRO) Market by Consulting Services, Revenue and Forecast 2017–2026 (USD Billion)
5.10. Others
5.10.1. Global Contract Research Organization (CRO) Market by Others, Revenue and Forecast 2017–2026 (USD Billion)
6. Global Contract Research Organization (CRO) Market Synopsis – Application Analysis
6.1. Global Contract Research Organization (CRO) Market overview: By Application
6.1.1. Global Contract Research Organization (CRO) Market share, By Application, Revenue and Forecast 2021 and 2026
6.2. Pharmaceutical and Biopharmaceutical Companies
6.2.1. Global Contract Research Organization (CRO) Market by Pharmaceutical and Biopharmaceutical Companies, Revenue and Forecast 2017–2026 (USD Billion)
6.3. Medical Device Companies
6.3.1. Global Contract Research Organization (CRO) Market by Medical Device Companies, Revenue and Forecast 2017–2026 (USD Billion)
6.4. Academic Institutes
6.4.1. Global Contract Research Organization (CRO) Market by Academic Institutes, Revenue and Forecast 2017–2026 (USD Billion)
7. Global Contract Research Organization (CRO) Market Synopsis - Regional Analysis
7.1. Global Contract Research Organization (CRO) Market overview: by Region
7.1.1. Global Contract Research Organization (CRO) Market share, by Region, Revenue and Forecast 2021 and 2026
7.2. North America
7.2.1. North America Contract Research Organization (CRO) Market, Revenue and Forecast 2017-2026 (USD Billion)
7.2.2. North America Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.2.3. North America Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.2.4. The U.S.
7.2.4.1. The U.S. Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.2.4.2. The U.S. Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.2.5. Rest of North America
7.2.5.1. Rest of North America Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.2.5.2. Rest of North America Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.3. Europe
7.3.1. Europe Contract Research Organization (CRO) Market, Revenue and Forecast 2017-2026 (USD Billion)
7.3.2. Europe Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.3.3. Europe Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.3.4. UK
7.3.4.1. U.K. Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.3.4.2. U.K. Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.3.5. France
7.3.5.1. France Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.3.5.2. France Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.3.6. Germany
7.3.6.1. Germany Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.3.6.2. Germany Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.3.7. Rest of Europe
7.3.7.1. Rest of Europe Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.3.7.2. Rest of Europe Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.4. Asia Pacific
7.4.1. Asia Pacific Contract Research Organization (CRO) Market, Revenue and Forecast 2017-2026 (USD Billion)
7.4.2. Asia Pacific Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.4.3. Asia Pacific Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.4.4. China
7.4.4.1. China Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.4.4.2. China Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.4.5. Japan
7.4.5.1. Japan Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.4.5.2. Japan Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.4.6. India
7.4.6.1. India Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.4.6.2. India Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.4.7. Rest of Asia Pacific
7.4.7.1. Rest of Asia Pacific Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.4.7.2. Rest of Asia Pacific Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.5. Latin America
7.5.1. Latin America Contract Research Organization (CRO) Market, Revenue and Forecast 2017-2026 (USD Billion)
7.5.2. Latin America Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.5.3. Latin America Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.5.4. Brazil
7.5.4.1. Brazil Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.5.4.2. Brazil Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.5.5. Rest of Latin America
7.5.5.1. Rest of Latin America Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.5.5.2. Rest of Latin America Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.6. The Middle East and Africa
7.6.1. The Middle East and Africa Contract Research Organization (CRO) Market, Revenue and Forecast 2017-2026 (USD Billion)
7.6.2. The Middle East and Africa Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.6.3. The Middle East and Africa Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.6.4. Saudi Arabia Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.6.5. Saudi Arabia Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.6.6. UAE Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.6.7. UAE Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
7.6.8. The Rest of Middle East and Africa Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017-2026 (USD Billion)
7.6.9. The Rest of Middle East and Africa Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017-2026 (USD Billion)
8. Company Profiles
8.1. IQVIA
8.1.1. Overview
8.1.2. Financials Synopsis
8.1.3. Product Portfolio
8.1.4. Business Tactic
8.1.5. Key Developments
8.2. Medpace
8.2.1. Overview
8.2.2. Financials Synopsis
8.2.3. Product Portfolio
8.2.4. Business Tactic
8.2.5. Key Developments
8.3. MPI Research
8.3.1. Overview
8.3.2. Financials Synopsis
8.3.3. Product Portfolio
8.3.4. Business Tactic
8.3.5. Key Developments
8.4. LabCorp
8.4.1. Overview
8.4.2. Financials Synopsis
8.4.3. Product Portfolio
8.4.4. Business Tactic
8.4.5. Key Developments
8.5. PAREXEL
8.5.1. Overview
8.5.2. Financials Synopsis
8.5.3. Product Portfolio
8.5.4. Business Tactic
8.5.5. Key Developments
8.6. PRA Health Sciences
8.6.1. Overview
8.6.2. Financials Synopsis
8.6.3. Product Portfolio
8.6.4. Business Tactic
8.6.5. Key Developments
8.7. Envi
8.7.1. Overview
8.7.2. Financials Synopsis
8.7.3. Product Portfolio
8.7.4. Business Tactic
8.7.5. Key Developments
8.8. ICON Plc
8.8.1. Overview
8.8.2. Financials Synopsis
8.8.3. Product Portfolio
8.8.4. Business Tactic
8.8.5. Key Developments
8.9. PPD Inc.
8.9.1. Overview
8.9.2. Financials Synopsis
8.9.3. Product Portfolio
8.9.4. Business Tactic
8.9.5. Key Developments
8.10. Syneos Health
8.10.1. Overview
8.10.2. Financials Synopsis
8.10.3. Product Portfolio
8.10.4. Business Tactic
8.10.5. Key Developments
8.11. Charles River
8.11.1. Overview
8.11.2. Financials Synopsis
8.11.3. Product Portfolio
8.11.4. Business Tactic
8.11.5. Key Developments
8.12. WuXiPharmaTech
8.12.1. Overview
8.12.2. Financials Synopsis
8.12.3. Product Portfolio
8.12.4. Business Tactic
8.12.5. Key Developments
8.13. SGS
8.13.1. Overview
8.13.2. Financials Synopsis
8.13.3. Product Portfolio
8.13.4. Business Tactic
8.13.5. Key Developments
9. Appendix
1. Market Research Overview
2. Market Research Methodology
3. Global Contract Research Organization (CRO) Market, Revenue and Forecast 2017–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Contract Research Organization (CRO) Market Attractiveness, By Type
6. Global Contract Research Organization (CRO) Market Attractiveness, By Application
7. Global Contract Research Organization (CRO) Market share by Type, Revenue and Forecast 2021 and 2026 (USD Billion)
8. Global Contract Research Organization (CRO) Market by Early Phase Development Services, Revenue and Forecast 2017–2026 (USD Billion)
9. Global Contract Research Organization (CRO) Market by Pharmacokinetics/Pharmacodynamics (PK/PD), Revenue and Forecast 2017–2026 (USD Billion)
10. Global Contract Research Organization (CRO) Market by Toxicology Testing, Revenue and Forecast 2017–2026 (USD Billion)
11. Global Contract Research Organization (CRO) Market by Clinic Research Services, Revenue and Forecast 2017–2026 (USD Billion)
12. Global Contract Research Organization (CRO) Market by Physical Characterization, Revenue and Forecast 2017–2026 (USD Billion)
13. Global Contract Research Organization (CRO) Market by Stability Testing, Revenue and Forecast 2017–2026 (USD Billion)
14. Global Contract Research Organization (CRO) Market by Batch Release Testing, Revenue and Forecast 2017–2026 (USD Billion)
15. Global Contract Research Organization (CRO) Market by Consulting Services, Revenue and Forecast 2017–2026 (USD Billion)
16. Global Contract Research Organization (CRO) Market by Others, Revenue and Forecast 2017–2026 (USD Billion)
17. Global Contract Research Organization (CRO) Market share by Application, Revenue and Forecast 2021 and 2026 (USD Billion)
18. Global Contract Research Organization (CRO) Market by Pharmaceutical and Biopharmaceutical Companies, Revenue and Forecast 2017–2026 (USD Billion)
19. Global Contract Research Organization (CRO) Market by Medical Device Companies, Revenue and Forecast 2017–2026 (USD Billion)
20. Global Contract Research Organization (CRO) Market by Academic Institutes, Revenue and Forecast 2017–2026 (USD Billion)
21. Global Contract Research Organization (CRO) Market share, by Region, Revenue and Forecast 2021 and 2026
22. North America Contract Research Organization (CRO) Market, Revenue and Forecast 2017–2026 (USD Billion)
23. Europe Contract Research Organization (CRO) Market, Revenue and Forecast 2017–2026 (USD Billion)
24. Asia Pacific Contract Research Organization (CRO) Market, Revenue and Forecast 2017–2026 (USD Billion)
25. Latin America Contract Research Organization (CRO) Market, Revenue and Forecast 2017–2026 (USD Billion)
26. The Middle East and Africa Contract Research Organization (CRO) Market, Revenue and Forecast 2017–2026 (USD Billion)
1. Global Contract Research Organization (CRO) Market: snapshot
2. Drivers of the Contract Research Organization (CRO) Market: impact analysis
3. North America Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
4. North America Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
5. The U.S. Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
6. The U.S. Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
7. Rest of North America Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
8. Rest of North America Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
9. Europe Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
10. Europe Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
11. UK Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
12. UK Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
13. France Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
14. France Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
15. Germany Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
16. Germany Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
17. Rest of Europe Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
18. Rest of Europe Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
19. Asia Pacific Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
20. Asia Pacific Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
21. China Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
22. China Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
23. Japan Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
24. Japan Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
25. India Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
26. India Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
27. Rest of Asia Pacific Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
28. Rest of Asia Pacific Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
29. Latin America Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
30. Latin America Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
31. Brazil Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
32. Brazil Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
33. Rest of Latin America Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
34. Rest of Latin America Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
35. The Middle East and Africa Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
36. The Middle East and Africa Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
37. Saudi Arabia Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
38. Saudi Arabia Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
39. South Africa Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
40. South Africa Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
41. Rest of the Middle East & Africa Contract Research Organization (CRO) Market, By Type, Revenue and Forecast 2017–2026 (USD Billion)
42. Rest of the Middle East & Africa Contract Research Organization (CRO) Market, By Application, Revenue and Forecast 2017–2026 (USD Billion)
Vertex Market Research presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
IQVIA, Medpace, MPI Research, LabCorp, PAREXEL, PRA Health Sciences, Envi, ICON Plc, PPD Inc., Syneos Health, Charles River, WuXi PharmaTech, and SGS
North America holds highest share in 2021.
Increased investment in R&D programmes, a preference for outsourcing activities due to time and cost constraints, and patent expiration in the healthcare sector are all driving the growth of the healthcare contract research organisation market.
The market revenue for Global contract research organization (CRO) market was valued at around USD 43.7 Billion in year 2021 and is anticipated to generate revenue of almost USD 58.3 Billion by the end of year 2030.