Global Contract Research Organization (CROs) Services Market to reach USD 59.24 billion by 2026 | QVIA., American Preclinical Services, LLC, Pharmaceutical Product Development, LLC, BTS Research, ICON Plc, Laboratory Corporation

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Global contract research organization (CROs) services market is expected to reach USD 59.24 billion by 2026 in the forecast period of 2019-2026. This rise in the market can be attributed to the increase in the expenditure of research and development, rise in the number of clinical trials and increase demand for outsourcing analytical testing and clinical trial services

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Market Drivers

• Increase in  research and development activities may boost the market growth
• Increased demand for outsourcing analytical testing and clinical trial services would enhance the growth
• Rise in the number of clinical trials can enhance the market growth
• Rise in the regulatory pressure on contract research organization would act as catalyst for the market growth

By Type

• Early Phase Development Services
  • Discovery Studies
  • Chemistry, Manufacturing & Control
  • Preclinical Services
• Pharmacokinetics /Pharmacodynamics
• Toxicology Testing
• Clinic Research Services
  • Phase I
  • Phase II
  • Phase III
  • Phase IV
• Laboratory Services
  • Bioanalytical Testing
  • Analytical Testing
• Physical Characterization
• Stability Testing
• Batch Release Testing
• Raw Material Testing
• Other Analytical Testing
• Consulting Services

By Therapeutic Area

• Oncology
• CNS Disorders
• Infectious Diseases
• Cardiovascular Diseases
• Immunological Disorders
• Respiratory Disorders
• Diabetes
• Other Therapeutic Areas

By End User

• Pharmaceutical and Biopharmaceutical Companies
• Medical Device Companies
• Academic Institutes

Market Restraints

• Lack of skilled scientists may hamper the market growth
• Aligning of personnel expertise for specific projects is difficult which may restrict the market growth

By Geography:

• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa

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• Graphical introduction of the regional analysis.
• Top players in the market with their revenue analysis.
• Selected illustrations of market insights and trends.

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Leading Key Players:

Few of the major market competitors currently working in the global contract research organization (CROs) services market are IQVIA., American Preclinical Services, LLC, Pharmaceutical Product Development, LLC, BTS Research, ICON Plc, Laboratory Corporation Of America Holdings, Covance, Inc., PAREXEL International Corporation,., WuXi AppTec, Syneos Health ,., Charles River, , Envigo, EPS International Co., Ltd, SGS SA, Eurofins Scientific, GenScript, CARBOGEN AMCIS, GVK Biosciences Private Limited, Pharmaron, and others

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• Regional demand estimation and forecast
• Pre-commodity pricing volatility
• Technological updates analysis
• Location Quotients Analysis
• Raw Material Sourcing Strategy
• Competitive Analysis
• Product Mix Matrix
• Vendor Management 

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