Healthcare Contract Research Outsourcing Market by Service (Clinical Trial Services, Clinical Data Management & Biometrics, Pharmacovigilance, Regulatory Services, Medical Writing, Site Management Protocol, Others) by Therapeutic Area (Oncology/Hematology, Respiratory, Central Nervous System (CNS), Cardiovascular (CV)/Metabolic, Rare Diseases, Infectious Diseases, Immunology, Others) by End-User (Pharmaceutical Companies, Medical Devices, Biotechnology Companies, Government Organizations, Academic Institutes): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 18-Feb-2021 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-5832 Status : Published

The healthcare contract research outsourcing market is set for a rapid growth over the forecast period. In terms of revenue, the global healthcare contract research outsourcing market accounted for USD 40.30 Billion in 2019 and is expected to reach USD 68.94 Billion by 2026, growing at a CAGR of 7.97%

Description

The healthcare contract research outsourcing market is set for a rapid growth over the forecast period. In terms of revenue, the global healthcare contract research outsourcing market accounted for USD 40.30 Billion in 2019 and is expected to reach USD 68.94 Billion by 2026, growing at a CAGR of 7.97%

Global Healthcare Contract Research Outsourcing Market: Overview

A Clinical Research Organization (CRO) is a service organization offering support in the form of outsourced pharmaceutical testing services to the pharmaceutical and biotechnology industries (for medical and drugs devices). CROs vary from large, international full-service companies to small, local specialty groups and can provide their consumers the experience of moving a new drug or product from its conception to marketing approval by the Food and Drug Administration (FDA) without having to retain a workforce for these services by the drug sponsor.

While the CRO industry has been around for decades, it is rising substantially more than ever since rivalry between organizations is increasing and the need for outsourced clinical services is growing. As the drug manufacturing process becomes more and more complex, all the tools required to make the process more efficient are being used by the pharmaceutical industry.

Healthcare Contract Research Outsourcing Market

Global Healthcare Contract Research Outsourcing Market: Growth Factors

Healthcare providers often outsource drug manufacturing functions to CRO's to use development capabilities globally, effectively and efficiently. CROs' clinical, therapeutic and regulatory insight aims to strengthen the full production cost and speed up the time to lookout for a new product. CROs have grown broader and vastly more diversified across numerous therapeutic functions and areas, extending their penetration. CROs are expected to grow globally and add competencies in new therapeutic areas, thus boosting their current services beyond conventional clinical capabilities, including commercial, post-approval, informatics among other auxiliary offerings where low outsourced penetration has been observed, further growing demand for CROs, and driving increased outsourcing demand.

The healthcare contract research outsourcing market is expected to witness significant growth during the forecast period, driven by increased investment from small to medium-sized companies in pharmaceutical, medical devices, and biotechnology that will lead organizations to opt for CRO services, with attention to niche market. Small pharmaceutical firms are looking for innovations in production process by CRO services due to increased demand for new drugs and patent expiry. Outsourcing also enhances global scope with respect to drug production at low maintenance costs, as CROs are well aligned with regulatory criteria in different regions to boost the growth of the outsourcing market for healthcare contract research.

Impact due to the outbreak of COVID-19

The outbreak of COVID-19 has impacted the different functions of the healthcare sector. With the review of the clinical trial database and taking into account the functioning of key players on the CROs market, it has been observed that the growth of the CROs market has been hampered during 2019-2020. This epidemic has put a massive burden on the pharmaceutical industry to manufacture vaccines, diagnostic assays and breakthrough drugs. The outbreak of the disease affected 208 countries with 2,000-5,000 new cases every day and redirected the focus of the healthcare industry solely to diagnosis and treatment of COVID-19.

As a result, previously planned and ongoing R&D and clinical trial programs have been suspended or interrupted and the number of clinical trials has declined over the last few months. As per the Clinical Trials Online Magazine, the number of clinical trials in June 2020 was 1,210, down to 1,180 in August 2020. Most investors concentrate on research and development of COVID-19 medicines. Moreover, the expected or ongoing contract-based clinical trial activities and research and development are lagging behind due to delay of registrations, slow initializations, and lack of funding for non-COVID-19 drugs.

Global Healthcare Contract Research Outsourcing Market: Segmentation

On the basis of services, the global market is categorized into clinical trial services, clinical data management & biometrics, pharmacovigilance, regulatory services, medical writing, site management protocol, and others. The most popular outsourced services rendered by healthcare firms are clinical trials, due to the globalization of clinical trials and the lack of therapeutic experience in the unexplored niche market for new drug growth. However, due to the increased strictness of regulatory bodies, complex regulatory processes and changing regulatory criteria, the outsourcing of regulatory services is increasing. Due to increased monitoring by regulatory bodies such as the FDA and European Medicines Agency (EMA) at every step of clinical trial and changing regulatory standards according to the region, the outsourcing of regulatory services is expected to increase.

By therapeutic area, the global healthcare contract research outsourcing is categorized into oncology/hematology, CNS, respiratory, immunology, CV/metabolic, rare diseases, infectious diseases, and others. The oncology/hematology therapeutic category is expected to lead the market in terms of revenue in the coming years, due to factors such as enormous unmet treatment needs, a strong product pipeline, intensified competition and rising oncology incidence. The multiple benefits available by outsourcing of oncology/hematology related services have led to a key segment share in the global market.

Global Healthcare Contract Research Outsourcing Market: Regional Analysis

By Geography, the healthcare contract research outsourcing market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

North America has dominated the global market and is expected to lose marginally its market share in the coming years. The demand in North America is mainly powered by advanced clinical research site facilities and effective government incentive schemes in the United States. In addition, expanded access to advanced technology and therapeutic knowledge is expected to fuel the growth of clinical trial services in the United States during the forecast period.

In Europe, the rise in the demand for healthcare contract research organizations services is mainly due to the growing number of clinical trials and increased spending on research and development and outsourcing activities. Factors such as rigid drug approval laws impede the development of the market. In addition, the growing demand for biosimilars and biologics and the development of research technology are likely to accelerate the growth of the healthcare contract research services market during the forecast period.

Asia Pacific is expected to be the most lucrative market for healthcare contract research outsourcing with the maximum attractiveness index. The market in the Asia-Pacific region is expected to grow at a fastest rate during the forecast period. The large patient population in emerging countries such as China and India, firmly-established data integrity regulations and strong healthcare IT budgets in countries such as Taiwan, Japan, Malaysia, South Korea, Singapore, etc., are the factors driving market demand in Asia Pacific. The Latin American market is set to expand at a moderate growth rate during the forecast period.

Global Healthcare Contract Research Outsourcing Market: Competitive Players

The major players in the global healthcare contract research outsourcing market include Syneos Health, PRA Health Sciences, Inc., IQVIA, ICON PLC, PAREXEL International, Laboratory Corporation of America Holdings, Medpace, Charles River, and Pharmaceutical Product Development, LLC, among others.

The report segment of global healthcare contract research outsourcing market are as follows:

Global Healthcare Contract Research Outsourcing Market: Service Segment Analysis

  • Clinical Trial Services
  • Clinical Data Management & Biometrics
  • Pharmacovigilance
  • Regulatory Services
  • Medical Writing
  • Site Management Protocol
  • Others

Global Healthcare Contract Research Outsourcing Market: Therapeutic Area Segment Analysis

  • Oncology/Hematology
  • Respiratory
  • Central Nervous System (CNS)
  • Cardiovascular (CV)/Metabolic
  • Rare Diseases
  • Infectious Diseases
  • Immunology
  • Others

Global Healthcare Contract Research Outsourcing Market: End-User Segment Analysis

  • Pharmaceutical Companies
  • Medical Devices
  • Biotechnology Companies
  • Government Organizations
  • Academic Institutes

Global Healthcare Contract Research Outsourcing Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  • Chapter 2. Executive Summary
    • 2.1. Global Healthcare Contract Research Outsourcing Market, 2016-2026, (USD Billion)
    • 2.2. Healthcare Contract Research Outsourcing Market: Market snapshot
  • Chapter 3. Global Healthcare Contract Research Outsourcing Market – Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technulogy landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
    • 3.6. Opportunity
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter’s Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Healthcare Contract Research Outsourcing Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Service Segment
      • 3.11.2. Market Attractiveness Analysis by Therapeutic Area Segment
      • 3.11.3. Market Attractiveness Analysis by End-User Segment
  • Chapter 4. Global Healthcare Contract Research Outsourcing Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2019
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Cullaborations and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  • Chapter 5. Healthcare Contract Research Outsourcing Market – Service Segment Analysis
    • 5.1. Global Healthcare Contract Research Outsourcing Market Revenue Share, by Service, 2019 & 2026 (USD Billion)
    • 5.2. Global Healthcare Contract Research Outsourcing Market by Clinical Trial Services, 2016 – 2026 (USD Billion)
    • 5.3. Global Healthcare Contract Research Outsourcing Market by Clinical Data Management & Biometrics, 2016 – 2026 (USD Billion)
    • 5.4. Global Healthcare Contract Research Outsourcing Market by Pharmacovigilance, 2016 – 2026 (USD Billion)
    • 5.5. Global Healthcare Contract Research Outsourcing Market by Regulatory Services, 2016 – 2026 (USD Billion)
    • 5.6. Global Healthcare Contract Research Outsourcing Market by Medical Writing, 2016 – 2026 (USD Billion)
    • 5.7. Global Healthcare Contract Research Outsourcing Market by Site Management Protocul, 2016 – 2026 (USD Billion)
    • 5.8. Global Healthcare Contract Research Outsourcing Market by Others, 2016 – 2026 (USD Billion)
  • Chapter 6. Healthcare Contract Research Outsourcing Market – Therapeutic Area Segment Analysis
    • 6.1. Global Healthcare Contract Research Outsourcing Market Revenue Share, by Therapeutic Area, 2019 & 2026 (USD Billion)
    • 6.2. Global Healthcare Contract Research Outsourcing Market by Onculogy/Hematulogy, 2016 – 2026 (USD Billion)
    • 6.3. Global Healthcare Contract Research Outsourcing Market by Respiratory, 2016 – 2026 (USD Billion)
    • 6.4. Global Healthcare Contract Research Outsourcing Market by Central Nervous System (CNS), 2016 – 2026 (USD Billion)
    • 6.5. Global Healthcare Contract Research Outsourcing Market by Cardiovascular (CV)/Metabulic, 2016 – 2026 (USD Billion)
    • 6.6. Global Healthcare Contract Research Outsourcing Market by Rare Diseases, 2016 – 2026 (USD Billion)
    • 6.7. Global Healthcare Contract Research Outsourcing Market by Infectious Diseases, 2016 – 2026 (USD Billion)
    • 6.8. Global Healthcare Contract Research Outsourcing Market by Immunulogy, 2016 – 2026 (USD Billion)
    • 6.9. Global Healthcare Contract Research Outsourcing Market by Others, 2016 – 2026 (USD Billion)
  • Chapter 7. Healthcare Contract Research Outsourcing Market – End-User Segment Analysis
    • 7.1. Global Healthcare Contract Research Outsourcing Market Revenue Share, by End-User, 2019 & 2026 (USD Billion)
    • 7.2. Global Healthcare Contract Research Outsourcing Market by Pharmaceutical Companies, 2016 – 2026 (USD Billion)
    • 7.3. Global Healthcare Contract Research Outsourcing Market by Medical Devices, 2016 – 2026 (USD Billion)
    • 7.4. Global Healthcare Contract Research Outsourcing Market by Biotechnulogy Companies, 2016 – 2026 (USD Billion)
    • 7.5. Global Healthcare Contract Research Outsourcing Market by Government Organizations, 2016 – 2026 (USD Billion)
    • 7.6. Global Healthcare Contract Research Outsourcing Market by Academic Institutes, 2016 – 2026 (USD Billion)
  • Chapter 8. Healthcare Contract Research Outsourcing Market - Regional Analysis
    • 8.1. Global Healthcare Contract Research Outsourcing Market: Regional Overview
      • 8.1.1. Global Healthcare Contract Research Outsourcing Market Revenue Share, By Region, 2019 & 2026 (USD Billion)
    • 8.2. North America
      • 8.2.1. North America Healthcare Contract Research Outsourcing Market Revenue 2016 – 2026 (USD Billion)
      • 8.2.2. North America Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
      • 8.2.3. North America Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
      • 8.2.4. North America Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
      • 8.2.5. U.S.
        • 8.2.5.1. U.S. Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.2.5.2. U.S. Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.2.5.3. U.S. Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.2.6. Canada
        • 8.2.6.1. Canada Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.2.6.2. Canada Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.2.6.3. Canada Education & Learning Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.2.7. Mexico
        • 8.2.7.1. Mexico Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.2.7.2. Mexico Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.2.7.3. Mexico Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe Healthcare Contract Research Outsourcing Market Revenue 2016 – 2026 (USD Billion)
      • 8.3.2. Europe Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
      • 8.3.3. Europe Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
      • 8.3.4. Europe Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
      • 8.3.5. UK
        • 8.3.5.1. UK Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.3.5.2. UK Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.3.5.3. UK Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.3.6.2. France Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.3.6.3. France Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.3.7. Germany
        • 8.3.7.1. Germany Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.3.7.2. Germany Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.3.7.3. Germany Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.3.8. Italy
        • 8.3.8.1. Italy Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.3.8.2. Italy Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.3.8.3. Italy Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.3.9. Spain
        • 8.3.9.1. Spain Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.3.9.2. Spain Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.3.9.3. Spain Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.3.10. Russia
        • 8.3.10.1. Russia Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.3.10.2. Russia Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.3.10.3. Russia Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.3.11. Rest of Europe
        • 8.3.11.1. Rest of Europe Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.3.11.2. Rest of Europe Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.3.11.3. Rest of Europe Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Healthcare Contract Research Outsourcing Market Revenue 2016 – 2026 (USD Billion)
      • 8.4.2. Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
      • 8.4.3. Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
      • 8.4.4. Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
      • 8.4.5. China
        • 8.4.5.1. China Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.4.5.2. China Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.4.5.3. China Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.4.6. Japan
        • 8.4.6.1. Japan Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.4.6.2. Japan Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.4.6.3. Japan Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.4.7. India
        • 8.4.7.1. India Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.4.7.2. India Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.4.7.3. India Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.4.8. Australia
        • 8.4.8.1. Australia Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.4.8.2. Australia Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.4.8.3. Australia Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.4.9.2. South Korea Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.4.9.3. South Korea Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.4.10. Rest of Asia Pacific
        • 8.4.10.1. Rest of Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.4.10.2. Rest of Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.4.10.3. Rest of Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America Healthcare Contract Research Outsourcing Market Revenue 2016 – 2026 (USD Billion)
      • 8.5.2. Latin America Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
      • 8.5.3. Latin America Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
      • 8.5.4. Latin America Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
      • 8.5.5. Brazil
        • 8.5.5.1. Brazil Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.5.5.2. Brazil Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.5.5.3. Brazil Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.5.6. Argentina
        • 8.5.6.1. Argentina Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.5.6.2. Argentina Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.5.6.3. Argentina Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.5.7. Rest of Latin America
        • 8.5.7.1. Rest of Latin America Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.5.7.2. Rest of Latin America Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.5.7.3. Rest of Latin America Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
    • 8.6. Middle East & Africa
      • 8.6.1. Middle East & Africa Healthcare Contract Research Outsourcing Market Revenue 2016 – 2026 (USD Billion)
      • 8.6.2. Middle East & Africa Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
      • 8.6.3. Middle East & Africa Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
      • 8.6.4. Middle East & Africa Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.6.5. GCC Countries
        • 8.6.5.1. GCC Countries Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.6.5.2. GCC Countries Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.6.5.3. GCC Countries Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.6.6. South Africa
        • 8.6.6.1. South Africa Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.6.6.2. South Africa Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.6.6.3. South Africa Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 8.6.7. Rest of MEA
        • 8.6.7.1. Rest of MEA Healthcare Contract Research Outsourcing Market Revenue, by Service, 2016 – 2026 (USD Billion)
        • 8.6.7.2. Rest of MEA Healthcare Contract Research Outsourcing Market Revenue, by Therapeutic Area, 2016 – 2026 (USD Billion)
        • 8.6.7.3. Rest of MEA Healthcare Contract Research Outsourcing Market Revenue, by End-User, 2016 – 2026 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1. Syneos Health
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfulio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. *Same information will be provided for below mentioned companies*
      • 9.2.1. PRA Health Sciences, Inc.
      • 9.2.2. IQVIA
      • 9.2.3. ICON PLC
      • 9.2.4. PAREXEL International
      • 9.2.5. Laboratory Corporation of America Huldings
      • 9.2.6. Medpace
      • 9.2.7. Charles River
      • 9.2.8. Pharmaceutical Product Development, LLC
      • 9.2.9. Others

Methodology


Frequently Asked Questions

Healthcare providers often outsource drug manufacturing functions to CRO's to use development capabilities globally, effectively and efficiently. CROs' clinical, therapeutic and regulatory insight aims to strengthen the full production cost and speed up the time to lookout for a new product. CROs have grown broader and vastly more diversified across numerous therapeutic functions and areas, extending their penetration. CROs are expected to grow globally and add competencies in new therapeutic areas, thus boosting their current services beyond conventional clinical capabilities, including commercial, post-approval, informatics among other auxiliary offerings where low outsourced penetration has been observed, further growing demand for CROs, and driving increased outsourcing demand.

The healthcare contract research outsourcing market is expected to witness significant growth during the forecast period, driven by increased investment from small to medium-sized companies in pharmaceutical, medical devices, and biotechnology that will lead organizations to opt for CRO services, with attention to niche market. Small pharmaceutical firms are looking for innovations in production process by CRO services due to increased demand for new drugs and patent expiry. Outsourcing also enhances global scope with respect to drug production at low maintenance costs, as CROs are well aligned with regulatory criteria in different regions to boost the growth of the outsourcing market for healthcare contract research.

According to Zion Market Research, the Healthcare Contract Research Outsourcing market is expected to generate revenue of around USD 68.94 Billion by the end of 2026, growing at a CAGR of 7.97%.

By Geography, the healthcare contract research outsourcing market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

North America has dominated the global market and is expected to lose marginally its market share in the coming years. The demand in North America is mainly powered by advanced clinical research site facilities and effective government incentive schemes in the United States. In addition, expanded access to advanced technology and therapeutic knowledge is expected to fuel the growth of clinical trial services in the United States during the forecast period.

In Europe, the rise in the demand for healthcare contract research organizations services is mainly due to the growing number of clinical trials and increased spending on research and development and outsourcing activities. Factors such as rigid drug approval laws impede the development of the market. In addition, the growing demand for biosimilars and biologics and the development of research technology are likely to accelerate the growth of the healthcare contract research services market during the forecast period.

Asia Pacific is expected to be the most lucrative market for healthcare contract research outsourcing with the maximum attractiveness index. The market in the Asia-Pacific region is expected to grow at a fastest rate during the forecast period. The large patient population in emerging countries such as China and India, firmly-established data integrity regulations and strong healthcare IT budgets in countries such as Taiwan, Japan, Malaysia, South Korea, Singapore, etc., are the factors driving market demand in Asia Pacific. The Latin American market is set to expand at a moderate growth rate during the forecast period.

The major players in the global healthcare contract research outsourcing market include Syneos Health, PRA Health Sciences, Inc., IQVIA, ICON PLC, PAREXEL International, Laboratory Corporation of America Holdings, Medpace, Charles River, and Pharmaceutical Product Development, LLC, among others.

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