DUBLIN--(BUSINESS WIRE)--The "Contract Research Organization Services (CROs) Market by Type (Discovery, CMC, Preclinical, Clinical Research, Laboratory Services), Therapeutic Area (Oncology, CNS, Cardiovascular), End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The CRO services market is expected to reach USD 56.34 billion by 2023 from USD 39.13 billion in 2018, at a CAGR of 7.6%
Increased outsourcing of R&D activities and increasing number of clinical trials are some of the major factors driving the growth of this market. However, intense competition in the CRO services market is one of the major challenges for the players operating in the CRO services market.
Among the CRO services, the laboratory services segment is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the increasing number of pipeline drugs and growing outsourcing of laboratory services by pharmaceutical and biopharmaceutical companies.
Oncology segment is expected to register the highest CAGR during the forecast period. The increasing number of clinical trials and rising prevalence of cancer worldwide are the major factors supporting its growth during the forecast period.
The Asia Pacific region is expected to witness the highest CAGR during the forecast period, owing the rapid growth in the pharmaceutical and biopharmaceutical industry, low cost of clinical trials, rising number of CROs, and favorable government policies in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 CRO Services Market, By Type
7 Global CRO Services Market, By Therapeutic Area
8 CRO Services Market, By End User
9 CRO Services Market, By Region
10 Competitive Landscape
11 Company Profiles
- Charles River
- ICON PLC
- MPI Research
- MeDPAce Holdings
- PRA Health Sciences
- Syneos Health
- WuXi Pharmatech
For more information about this report visit https://www.researchandmarkets.com/research/kfw98j/contract_research?w=4