(EMAILWIRE.COM, September 05, 2018 ) A Contract Research Organization (CROs) supports pharmaceutical, biotechnology and medical device companies by offering end-to-end research services on a contract basis. These services include pre-clinical & clinical research, clinical data management (CDM), biostatistics, pharmacovigilance, product development, post-marketing surveillance, drug discovery solutions, site monitoring, and central laboratory solutions, among others.
In the recent years, the global pharmaceutical sector has been witnessing an impressive growth owing to advances in medical industry, particularly in emerging markets. This growth is expected to increase product pipeline and FDA approvals in the coming years. In addition, growth in R&D activity is expected increase the outsource of research activities. Furthermore, lack of specialized professionals for toxicology testing is expected to increase the outsource activities in the coming years.
The global CROs market is segmented based on the type of service, therapeutic area and geographic regions. Based on type of service, the market is segmented into pre-clinical services, phase-I, II, III, IV and other laboratory services. Based on therapeutic area, the market is segmented into central nervous system, oncology, cardiology, respiratory, infectious diseases and others. The market based on region, is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA).
The North America was estimated to dominate the market in 2017 and is expected to hold the largest share in 2025. This largest share can be attributed to presence of large number of players operating in this region, increasing demand for biosimilars market, stringent regulations by FDA for drug approvals, quality standards in the pharmaceutical industry, and increasing outsourcing activities by pharmaceutical companies in the region.
This research report is designed to analyze and estimate the performance, market demand, and size of the global CROs market across the world. This report includes historical data and forecasts, market size, value chain, product sales, their forecasts, and various other key factors that are propelling the growth of this market.
The company profile section includes detailed analysis of some of the key players such as, Agility Clinical, Charles River Laboratories, Covance, DaVita Clinical Research, ICON plc, Inc Research Holdings, Inc., Next Generation Clinical Research, Pra Health Sciences, Inc., Pharmaceutical Product Development, LLC., PAREXEL International Corp., Quintiles Transnational Holdings Inc., and Wuxi Pharmatech Inc.

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