Market Introduction
Healthcare contract research organization generally assists biotechnology, medical device, and pharmaceutical companies in the form of research services outsourced on a contract basis. Secured services include preclinical and clinical testing, clinical research, product development such as drug development or process development such as bioanalytical assay development. These organizations also provide management services such as clinical trial management and pharmacovigilance.
Market Overview and Dynamics
The Asia Pacific healthcare contract research organizations (CRO) services market is to reach US$ 16,745.94 million by 2027 from US$ 7,559.03 million in 2019. The market is anticipated to grow at a CAGR of 10.6% during 2019–2027. Factors such as growing number of clinical trials and increasing expenditure in R&D and outsourcing activities are driving the growth of the market. However, dearth of skilled professional is a major factor hindering the market growth.
Key Market Segments
In terms of service type, the clinical research services segment accounted for the largest share of the Asia Pacific healthcare contract research organizations (CRO) services market in 2019. Oncology segment accounted for the largest share of the Asia Pacific healthcare contract research organizations (CRO) services market, by therapeutic indication, in 2019. In terms of end-user, the pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the Asia Pacific Healthcare contract research organizations (CRO) services market in 2019.
Major Sources and Companies Listed
Several major primary and secondary sources associated with the Asia Pacific healthcare contract research organizations (CRO) services market report are the World Health Organization (WHO), the International Society for Pharmaceutical Engineering, the China Food and Drug Administration (CFDA), National Cancer Registry Programme of the India Council of Medical Research (ICMR), India Brand Equity Foundation (IBEF) and others.
Reasons to buy report
- It provides understanding of the Asia Pacific, healthcare contract research organizations (CRO) services market landscape and identifies healthcare contract research organizations (CRO) services market segments that are most likely to guarantee a strong return.
- It guides stay ahead of the race by comprehending the ever-changing competitive landscape for the Asia Pacific healthcare contract research organizations (CRO) services market.
- It helps efficiently plan merger and acquisition, and partnership deals in the healthcare contract research organizations (CRO) services market by identifying market segments with the most promising probable sales
- It facilitates knowledgeable business decision-making through perceptive and comprehensive analysis of healthcare contract research organizations (CRO) services market performance of various segments pertaining to the Asia Pacific healthcare contract research organizations (CRO) services market.
- It provides healthcare contract research organizations (CRO) services market revenue forecast of the market based on various segments for the period from 2019 to 2027.
ASIA PACIFIC HEALTHCARE CONTRACT RESEARCH ORGANIZATIONS (CRO) SERVICES MARKET SEGMENTATION
By Service Type
- Early Phase Development
- Laboratory Services
- Consulting Services
- Clinical Research Services
By Therapeutic Application
- Oncology
- Infectious Diseases
- Respiratory Diseases
- Cardiovascular Diseases
- Neurological Disorders
- Others
By End-User
- Medical Device Companies
- Pharmaceutical and Biopharmaceutical Companies
- Others (Academic Institutes)
By Country
- Japan
- China
- South Korea
- India
- Australia
Company Profiles
- Wuxi AppTec
- IQVIA INC
- Laboratory Corporation of America Holdings (Covance)
- PRA Health Sciences
- Syneos Health
Asia Pacific Healthcare Contract Research Organizations (CRO) Services Market Strategic Insights
Asia Pacific Healthcare Contract Research Organizations (CRO) Services Market Report Highlights
| Report Attribute | Details |
| Market size in 2019 | US$ 7,559.03 Million |
| Market Size by 2027 | US$ 16,745.94 Million |
| CAGR (2019 - 2027) | 10.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Service Type
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Regions and Countries Covered
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| Asia-Pacific | China, India, Japan, Australia, Rest of Asia-Pacific |
| Market leaders and key company profiles |
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Asia Pacific Healthcare Contract Research Organizations (CRO) Services Market Country and Regional Insights
