Global Sales of Healthcare Contract Research Organization Is Expected To Register A CAGR of 6% by 2032

The global sales of healthcare contract research organization garnered a market value of US$ 44 Bn in 2022 and is expected to register a CAGR of 6% by accumulating a market value of US$ 79 Bn through the assessment period 2022-2032

An increase in research and development activities along with an inclination towards outsourcing activities due to time and cost constraints is expected to drive the healthcare contract research organization market. Furthermore, contract research outsourcing offers cutting-edge services. Thus, government organizations have exhibited a preference towards assigning projects to CROs.

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Competitive Landscape

Prominent healthcare contract research organizations are collaborating with leading pharmaceutical and healthcare companies to expedite their clinical trials, drug discovery and drug development processes. Some notable developments in this regard are as follows:

  • In January 2022, Charles River Laboratories International Inc. and Valo Health LLC announced a multi-year strategic partnership to transform drug discovery and development process by using human-centric data and computation powered by AI
  • In October 2021, Syneos Health announced the acquisition of RxDataScience. The company is focusing on offering technology based innovations to accelerate production.

Key Companies Profiled :

  • Charles River Laboratories (CRL)
  • Syneos Health
  • Pharmaceutical Product Development, LLC (PPD)
  • PAREXEL INTERNATIONAL CORPORATION
  • IQVIA HOLDINGS INC.
  • GVK Biosciences Private Limited (Aragen)
  • ICON Plc.
  • Covance Inc.
  • Medidata Solutions, Inc.

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Key Segments Covered in Healthcare Contract Research Organization Industry Report

  • By Type :
    • Pre-Clinical Healthcare Contract Research Organization
    • Healthcare Contract Research Organization for Drug Discovery
      • Lead Identification
      • Target Validation
      • Lead Optimization
    • Clinical Healthcare Contraction Research Organization
      • Phase I Trial Services
      • Phase II Trial Services
      • Phase III Trial Services
      • Phase IV Trial Services
    • Full Healthcare Contract Research Organization
  • By Service :
    • Healthcare CRO for Project Management/Clinical Supply Management
    • Healthcare CRO for Quality Management/ Assurance
    • Healthcare CRO for Bio-statistics
    • Healthcare CRO for Regulatory/Medical Affairs
    • Healthcare CRO for Medical Writing
    • Healthcare CRO for Investigator Payments
    • Healthcare CRO Services for Laboratory
    • Healthcare CRO for Data Management
    • Healthcare CRO for Clinical Monitoring
    • Healthcare CRO for Patient and Site Recruitment
    • Healthcare CRO for Technology
    • Healthcare CRO for Other Services

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Questionnaire answered in the Healthcare Contract Research Organization Market report include:

  • How the market for Healthcare Contract Research Organization has grown?
  • What is the present and future outlook of the global Healthcare Contract Research Organization on the basis of region?
  • What are the challenges and opportunities for the Healthcare Contract Research Organization?
  • Why the consumption of Healthcare Contract Research Organization highest in region?
  • In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

  • Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Healthcare Contract Research Organization market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
  • Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Healthcare Contract Research Organization market, thus, making it different and special from other reports.
  • Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
  • Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Healthcare Contract Research Organization market and assists to create strategies to overcome the obstacles that may hinder the growth of the Healthcare Contract Research Organization market.
  • Leverage: The Healthcare Contract Research Organization market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
  • Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
  • Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Healthcare Contract Research Organization market.

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