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 North America healthcare contract research organizations (CRO) services market is to reach US$ 40,863.26 million by 2027 from US$ 19,498.79 million in 2019. The market is anticipated to grow at a CAGR of 9.9% 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, stringent regulations for approval of drugs 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 North America healthcare contract research organizations (CRO) services market in 2019. Oncology segment accounted for the largest share of the North America 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 North America Healthcare contract research organizations (CRO) services market in 2019.
Major Sources and Companies Listed
Several major primary and secondary sources associated with the North America healthcare contract research organizations (CRO) services market report are the World Health Organization (WHO), National Institutes of Health (NIH), National Cancer Institute, Centers for Disease Control and Prevention (CDC), Asthma and Allergy Foundation of America (AAFA), and others.
Reasons to buy report
It provides understanding of the North America, 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 North America 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 North America 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.
NORTH AMERICA 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
US
Canada
Mexico
Company Profiles
Charles River Laboratories, Inc.
IQVIA INC
Laboratory Corporation of America Holdings (Covance)
Parexel International Corporation
PRA Health Sciences
Syneos Health
Medpace
PPD Inc
North America Healthcare Contract Research Organizations (CRO) Services Market Strategic Insights
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North America Healthcare Contract Research Organizations (CRO) Services Market Segmentation Analysis
North America Healthcare Contract Research Organizations (CRO) Services Market Report Highlights
North America Healthcare Contract Research Organizations (CRO) Services Report Scope
Report Attribute
Details
Market size in 2019
US$ 19,498.79 Million
Market Size by 2027
US$ 40,863.26 Million
CAGR (2019 - 2027)
9.9%
Historical Data
2017-2018
Forecast period
2020-2027
Segments Covered
By Service Type
Early Phase Development
Laboratory Services
Consulting Services
Clinical Research Services
By Therapeutic Indication
Oncology
Infectious Diseases
Respiratory Diseases
Cardiovascular Diseases
Neurological Disorders
By End User
Medical Device Companies
Pharmaceutical
Biopharmaceutical Companies
Regions and Countries Covered
North America
US
Canada
Mexico
Market leaders and key company profiles
Charles River Laboratories, Inc.
IQVIA INC
Laboratory Corporation of America Holdings (Covance)
Parexel International Corporation
PRA Health Sciences
Syneos Health
Medpace
PPD Inc
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North America Healthcare Contract Research Organizations (CRO) Services Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - North America Healthcare Contract Research Organizations (CRO) Services Market
Charles River Laboratories, Inc.
IQVIA INC
Laboratory Corporation of America Holdings (Covance)
Parexel International Corporation
PRA Health Sciences
Syneos Health
Medpace
PPD Inc
Frequently Asked Questions
How big is the North America Healthcare Contract Research Organizations (CRO) Services Market?
The North America Healthcare Contract Research Organizations (CRO) Services Market is valued at US$ 19,498.79 Million in 2019, it is projected to reach US$ 40,863.26 Million by 2027.
What is the CAGR for North America Healthcare Contract Research Organizations (CRO) Services Market by (2019 - 2027)?
As per our report North America Healthcare Contract Research Organizations (CRO) Services Market, the market size is valued at US$ 19,498.79 Million in 2019, projecting it to reach US$ 40,863.26 Million by 2027. This translates to a CAGR of approximately 9.9% during the forecast period.
What segments are covered in this report?
The North America Healthcare Contract Research Organizations (CRO) Services Market report typically cover these key segments-
Service Type (Early Phase Development, Laboratory Services, Consulting Services, Clinical Research Services)
End User (Medical Device Companies, Pharmaceutical, Biopharmaceutical Companies)
What is the historic period, base year, and forecast period taken for North America Healthcare Contract Research Organizations (CRO) Services Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Healthcare Contract Research Organizations (CRO) Services Market report:
Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027
Who are the major players in North America Healthcare Contract Research Organizations (CRO) Services Market?
The North America Healthcare Contract Research Organizations (CRO) Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Charles River Laboratories, Inc.
IQVIA INC
Laboratory Corporation of America Holdings (Covance)
Parexel International Corporation
PRA Health Sciences
Syneos Health
Medpace
PPD Inc
Who should buy this report?
The North America Healthcare Contract Research Organizations (CRO) Services Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the North America Healthcare Contract Research Organizations (CRO) Services Market value chain can benefit from the information contained in a comprehensive market report.
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