19-Jan-2021 | Zion Market Research
As per researchers at Zion Market Research, the global oncology based in-vivo CRO market is projected to advance with a CAGR of about 7.7% during the forecasted period 2019–2025. The key factors attributing to the expansion of the global market are the surging prevalence of cancer cases globally. A shoot up in the geriatric population is also impelling the development for the oncology based in-vivo CRO (contract research organization) market. Due to the rising number of precise therapies in the oncology pipeline and the occurrence of a high number of pipeline drugs, the number of late-stage pipeline therapies surged to 849 (2018) from 711 (2017), which is an increase of 19%. The deployment of oncology based in-vivo CRO aid in deriving the new therapies for the prevention, analysis, and treatment to patients, which is anticipated to propel the growth of the global market. In addition to the advancement of vaccines for transmittable diseases, oncology is amongst the most examined indication, as per the data available from administrative agencies globally.
Some of the leading players in the global market are Charles River Laboratory; Eurofins Scientific; Crown Bioscience; ICON Plc.; The Jackson Laboratory; EVOTEC; Covance; Taconic Biosciences; Wuxi AppTec; Living Tumor Laboratory; MI Bioresearch, Inc.; Xentech; and Champion Oncology, Inc.
Rapid Development Of Generics By Pharmaceutical Companies To Boost The Global Oncology Based In-vivo CRO Market
According to the information from GLOBOCAN 2018, almost 2,129,118 number of incident cases were reported across the U.S. in 2018, which is anticipated to surge by 2040 and attain a number of 3,096,944 cases. In addition, the pressure through intensified competition as an outcome of patent expirations, the rapid development of generics and the introduction of the biosimilars are impelling pharmaceutical companies to take support from the CROs for research & development activities. According to the statistics by GLOBOCAN 2018, globally 18,078,957 people have cancer. Asia is the leading region in the rising prevalence of cancer with a reported share of around 48.9%.
The global oncology based in-vivo CRO market is bifurcated on the basis of indication and regional analysis. Based on the indication, the market is divided into solid tumors, blood cancer, PDX (patient-derived xenograft), syngeneic model, xenograft, and others.
The North America Region Dominated The Global Oncology Based In-vivo CRO Market
Based on geographical analysis, the global oncology based in-vivo CRO market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The U.S. market is the most dominant, in that way making the North America region the chief revenue generator for the global oncology based in-vivo CRO market. The incidence of ample funding across this region impacted the research & development activities positively. Furthermore, prominent life sciences & pharmaceutical companies that are involved in drug advancement are present in this region. With well-established regulatory and funding activities, the market in this region witnessed remunerative shares.
Browse the full “Global Oncology Based In-Vivo CRO Market - By Indication (Solid Tumors, Blood Cancer, Patient-Derived Xenograft, Syngeneic Model, Xenograft, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/oncology-based-in-vivo-cro-market
The global oncology based in-vivo CRO market is segmented as follows:
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