- Early Phase Development Services,
- Clinical Research Services,
- Laboratory Services,
- Regulatory Consulting Services
Contract Research Organization Services Market size was valued at USD 54,398.7 million in 2022 and is poised to grow at a CAGR of 8.3% from 2023-2029. The global market provides a detailed overview of the market, and that can be segmented by Service Type, by application, and by end user. By service type, the global contract research organization services market has been segmented into Early Phase Development Services, Clinical Research Services, laboratory services, and Regulatory Consulting Services. The Clinical Research Services segment is likely to be the largest and fastest-growing segment in terms of service type. Based on application, the global contract research organization services market is segmented into Oncology, Cardiology, Infectious disease, Neurology, Gastroenterology & Hepatology Others. Among these, the oncology segment is expected to have the fastest-growing market during the forecast period. Based on end-users, the global contract research organization services market is segmented into Pharmaceutical and biopharmaceutical Companies, Medical Device Companies, and Academic Institutes. The Pharmaceutical & Biopharmaceutical Companies segment accounts for the largest share.
Contract Research Organization Services Market Key Development:
- In Dec 2021, Toxikon Corporation was acquired by Laboratory Corporation of America Holdings (US) to expand its non-clinical development portfolio and work with pharmaceutical and biotechnology clients in the Boston, Massachusetts, area.
- In January 2021, A new SaaS-based clinical data analytics platform called the Clinical Data Analytics Suite (CDAS) was introduced by IQVIA Inc. (US). It combines structured and unstructured data from clinical trials into a single standard setting for easier access and use, creates scalable repositories, and powers predictive analytics.
Contract Research Organization Services Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
8.3%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Contract Research Organization Services Market Dynamics
The growing elderly population, the rise in chronic disease, and the problems linked to lifestyle are all accelerating the demand for contract research organisation (CRO) services. The market is expanding since chronic diseases are becoming more common, especially among the elderly. The significant increase in patient specimens tested in labs and the resulting need for clinical lab testing services, which is supported by government public health screening regulations, are further factors driving the expansion of the contract research organisation (CROs) services industry.
North-America Got Significant Share
Contract Research Organization Services Market Regional Analysis
North America is expected to witness the highest market share during the forecast period due to widespread healthcare awareness, increasing demand for cutting-edge technology items, and significant regional spending on healthcare services and government spending on research and development is rising.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The contract research organization services market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Contract Research Organization Services Market Segmentation
By Service Type
By Application
- Oncology,
- Cardiology,
- Infectious disease,
- Neurology,
- Gastroenterology & Hepatology
- Others
By End User
- Pharmaceutical & Biopharmaceutical Companies,
- Medical Device Companies,
- Academic Institutes
Frequently Asked Questions
Based on the end user, the pharmaceutical and biotechnological segment is fastest-growing segment in the global contract research organization market.
The global contract research organization services market size is valued at USD 54,398.7 million in 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028.
The major players in contract research organization services market are BIO Agile Therapeutics, Novotech Health Holding, Parexel International, Firma Clinical Research, Charles River Laboratories, Axcent Advanced Analytics, Geneticist In., Dove Quality Solutions, Frontage Holding Corporation, WuXi AppTec.
| 1. Executive Summary |
| 2. Global Contract Research Organization Services Market Introduction |
| 2.1. Global Contract Research Organization Services Market Taxonomy |
| 2.2. Global Contract Research Organization Services Market Definitions |
| 2.2.1. Service Type |
| 2.2.2. Application |
| 2.2.3. End User |
| 3. Global Contract Research Organization Services Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Contract Research Organization Services Market Dynamic Factors - Impact Analysis |
| 3.6. Global Contract Research Organization Services Market Competition Landscape |
| 4. Global Contract Research Organization Services Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Contract Research Organization Services Market, By Service Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Early Phase Development Services |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Clinical Research Services |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Laboratory Services |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Regulatory Consulting Services |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Contract Research Organization Services Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 |
| 6.1. Oncology |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Cardiology |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Infectious disease |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Neurology |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Gastroenterology & Hepatology |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Contract Research Organization Services Market Forecast, By End User, 2018 - 2022 and Forecast, 2023 - 2029 |
| 7.1. Pharmaceutical & Biopharmaceutical Companies |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Medical Device Companies |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Academic Institutes |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global Contract Research Organization Services Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Region, 2023 - 2029 |
| 9. North America Contract Research Organization Services Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. By Service Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Early Phase Development Services |
| 9.1.2. Clinical Research Services |
| 9.1.3. Laboratory Services |
| 9.1.4. Regulatory Consulting Services |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Oncology |
| 9.2.2. Cardiology |
| 9.2.3. Infectious disease |
| 9.2.4. Neurology |
| 9.2.5. Gastroenterology & Hepatology |
| 9.2.6. Others |
| 9.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Pharmaceutical & Biopharmaceutical Companies |
| 9.3.2. Medical Device Companies |
| 9.3.3. Academic Institutes |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2023 - 2029 |
| 9.6. North America Contract Research Organization Services Market Dynamics Trends |
| 10. Europe Contract Research Organization Services Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. By Service Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Early Phase Development Services |
| 10.1.2. Clinical Research Services |
| 10.1.3. Laboratory Services |
| 10.1.4. Regulatory Consulting Services |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Oncology |
| 10.2.2. Cardiology |
| 10.2.3. Infectious disease |
| 10.2.4. Neurology |
| 10.2.5. Gastroenterology & Hepatology |
| 10.2.6. Others |
| 10.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Pharmaceutical & Biopharmaceutical Companies |
| 10.3.2. Medical Device Companies |
| 10.3.3. Academic Institutes |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2023 - 2029 |
| 10.6. Europe Contract Research Organization Services Market Dynamics Trends |
| 11. Asia-Pacific Contract Research Organization Services Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. By Service Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Early Phase Development Services |
| 11.1.2. Clinical Research Services |
| 11.1.3. Laboratory Services |
| 11.1.4. Regulatory Consulting Services |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Oncology |
| 11.2.2. Cardiology |
| 11.2.3. Infectious disease |
| 11.2.4. Neurology |
| 11.2.5. Gastroenterology & Hepatology |
| 11.2.6. Others |
| 11.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Pharmaceutical & Biopharmaceutical Companies |
| 11.3.2. Medical Device Companies |
| 11.3.3. Academic Institutes |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2023 - 2029 |
| 11.6. Asia-Pacific Contract Research Organization Services Market Dynamics Trends |
| 12. Latin America Contract Research Organization Services Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. By Service Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Early Phase Development Services |
| 12.1.2. Clinical Research Services |
| 12.1.3. Laboratory Services |
| 12.1.4. Regulatory Consulting Services |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Oncology |
| 12.2.2. Cardiology |
| 12.2.3. Infectious disease |
| 12.2.4. Neurology |
| 12.2.5. Gastroenterology & Hepatology |
| 12.2.6. Others |
| 12.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Pharmaceutical & Biopharmaceutical Companies |
| 12.3.2. Medical Device Companies |
| 12.3.3. Academic Institutes |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2023 - 2029 |
| 12.6. Latin America Contract Research Organization Services Market Dynamics Trends |
| 13. Middle East and Africa Contract Research Organization Services Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 13.1. By Service Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Early Phase Development Services |
| 13.1.2. Clinical Research Services |
| 13.1.3. Laboratory Services |
| 13.1.4. Regulatory Consulting Services |
| 13.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Oncology |
| 13.2.2. Cardiology |
| 13.2.3. Infectious disease |
| 13.2.4. Neurology |
| 13.2.5. Gastroenterology & Hepatology |
| 13.2.6. Others |
| 13.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Pharmaceutical & Biopharmaceutical Companies |
| 13.3.2. Medical Device Companies |
| 13.3.3. Academic Institutes |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2023 - 2029 |
| 13.6. MEA Contract Research Organization Services Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Charles River Laboratories, Inc. |
| 14.2.2. Parexel International Corporation |
| 14.2.3. LabCorp |
| 14.2.4. SGS |
| 14.2.5. Syneos Health, Inc. |
| 14.2.6. Icon plc |
| 14.2.7. WuXi AppTec Group |
| 14.2.8. Medpace Holdings, Inc. |
| 14.2.9. PRA Health Sciences, Inc. |
| 14.2.10. Veristat, LLC |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- Charles River Laboratories, Inc.
- Parexel International Corporation
- LabCorp
- SGS
- Syneos Health, Inc.
- Icon plc
- WuXi AppTec Group
- Medpace Holdings, Inc.
- PRA Health Sciences, Inc.
- Veristat, LLC