A CRO (Contract Research Organization) is a company that provides clinical trial management services for the pharmaceutical, biotech, and medical device industries.
Although there are different types of CROs and diverse levels of specialization (distinct therapeutic areas for instance), typical CRO services include regulatory affairs, site selection and activation, recruitment support, clinical monitoring, data management, trial logistics, pharmacovigilance, biostatistics, medical writing, and project management, among others.
In a clinical trial, CROs are hired by sponsors to perform a set of tasks, taking various technical and administrative responsibilities on the sponsor?s behalf. The main role of the CRO is to plan, coordinate, execute, and supervise the processes involved in the development of a clinical trial, being a central contact point between the sponsor and other trial actors (e.g. ethics committees, regulatory agencies, vendors, and hospitals).
This report aims to provide a comprehensive presentation of the global market for CRO in Clinical Trials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding CRO in Clinical Trials. This report contains market size and forecasts of CRO in Clinical Trials in global, including the following market information:
Global CRO in Clinical Trials Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global CRO in Clinical Trials market was valued at US$ 44220 million in 2022 and is projected to reach US$ 81210 million by 2029, at a CAGR of 9.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global core CRO in clinical trials players include Labcorp, IQVIA and Parexel etc. The top 5 companies hold a share about 40%. North America is the largest market, with a share about 45%, followed by Europe and Asia Pacific with the share about 35% and 20%.
In terms of product, phase iii trial is the largest segment, with a share about 35%. And in terms ofend users, the largest end user is pharmaceutical?with a share about 55%.
We surveyed the CRO in Clinical Trials companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global CRO in Clinical Trials Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global CRO in Clinical Trials Market Segment Percentages, by Type, 2022 (%)
Phase I Trial
Phase II Trial
Phase III Trial
Phase IV Trial
Global CRO in Clinical Trials Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global CRO in Clinical Trials Market Segment Percentages, by Application, 2022 (%)
Pharmaceutical
Bio-pharm
Others
Global CRO in Clinical Trials Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global CRO in Clinical Trials Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies CRO in Clinical Trials revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies CRO in Clinical Trials revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Labcorp
IQVIA
Parexel
Syneos Health
PRA Health Sciences
PPD
ICON
MedPace
Wuxi AppTec
Outline of Major Chapters:
Chapter 1: Introduces the definition of CRO in Clinical Trials, market overview.
Chapter 2: Global CRO in Clinical Trials market size in revenue.
Chapter 3: Detailed analysis of CRO in Clinical Trials company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of CRO in Clinical Trials in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 CRO in Clinical Trials Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global CRO in Clinical Trials Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global CRO in Clinical Trials Overall Market Size
2.1 Global CRO in Clinical Trials Market Size: 2022 VS 2029
2.2 Global CRO in Clinical Trials Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top CRO in Clinical Trials Players in Global Market
3.2 Top Global CRO in Clinical Trials Companies Ranked by Revenue
3.3 Global CRO in Clinical Trials Revenue by Companies
3.4 Top 3 and Top 5 CRO in Clinical Trials Companies in Global Market, by Revenue in 2022
3.5 Global Companies CRO in Clinical Trials Product Type
3.6 Tier 1, Tier 2 and Tier 3 CRO in Clinical Trials Players in Global Market
3.6.1 List of Global Tier 1 CRO in Clinical Trials Companies
3.6.2 List of Global Tier 2 and Tier 3 CRO in Clinical Trials Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global CRO in Clinical Trials Market Size Markets, 2022 & 2029
4.1.2 Phase I Trial
4.1.3 Phase II Trial
4.1.4 Phase III Trial
4.1.5 Phase IV Trial
4.2 By Type - Global CRO in Clinical Trials Revenue & Forecasts
4.2.1 By Type - Global CRO in Clinical Trials Revenue, 2018-2023
4.2.2 By Type - Global CRO in Clinical Trials Revenue, 2024-2029
4.2.3 By Type - Global CRO in Clinical Trials Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global CRO in Clinical Trials Market Size, 2022 & 2029
5.1.2 Pharmaceutical
5.1.3 Bio-pharm
5.1.4 Others
5.2 By Application - Global CRO in Clinical Trials Revenue & Forecasts
5.2.1 By Application - Global CRO in Clinical Trials Revenue, 2018-2023
5.2.2 By Application - Global CRO in Clinical Trials Revenue, 2024-2029
5.2.3 By Application - Global CRO in Clinical Trials Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global CRO in Clinical Trials Market Size, 2022 & 2029
6.2 By Region - Global CRO in Clinical Trials Revenue & Forecasts
6.2.1 By Region - Global CRO in Clinical Trials Revenue, 2018-2023
6.2.2 By Region - Global CRO in Clinical Trials Revenue, 2024-2029
6.2.3 By Region - Global CRO in Clinical Trials Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America CRO in Clinical Trials Revenue, 2018-2029
6.3.2 US CRO in Clinical Trials Market Size, 2018-2029
6.3.3 Canada CRO in Clinical Trials Market Size, 2018-2029
6.3.4 Mexico CRO in Clinical Trials Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe CRO in Clinical Trials Revenue, 2018-2029
6.4.2 Germany CRO in Clinical Trials Market Size, 2018-2029
6.4.3 France CRO in Clinical Trials Market Size, 2018-2029
6.4.4 U.K. CRO in Clinical Trials Market Size, 2018-2029
6.4.5 Italy CRO in Clinical Trials Market Size, 2018-2029
6.4.6 Russia CRO in Clinical Trials Market Size, 2018-2029
6.4.7 Nordic Countries CRO in Clinical Trials Market Size, 2018-2029
6.4.8 Benelux CRO in Clinical Trials Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia CRO in Clinical Trials Revenue, 2018-2029
6.5.2 China CRO in Clinical Trials Market Size, 2018-2029
6.5.3 Japan CRO in Clinical Trials Market Size, 2018-2029
6.5.4 South Korea CRO in Clinical Trials Market Size, 2018-2029
6.5.5 Southeast Asia CRO in Clinical Trials Market Size, 2018-2029
6.5.6 India CRO in Clinical Trials Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America CRO in Clinical Trials Revenue, 2018-2029
6.6.2 Brazil CRO in Clinical Trials Market Size, 2018-2029
6.6.3 Argentina CRO in Clinical Trials Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa CRO in Clinical Trials Revenue, 2018-2029
6.7.2 Turkey CRO in Clinical Trials Market Size, 2018-2029
6.7.3 Israel CRO in Clinical Trials Market Size, 2018-2029
6.7.4 Saudi Arabia CRO in Clinical Trials Market Size, 2018-2029
6.7.5 UAE CRO in Clinical Trials Market Size, 2018-2029
7 CRO in Clinical Trials Companies Profiles
7.1 Labcorp
7.1.1 Labcorp Company Summary
7.1.2 Labcorp Business Overview
7.1.3 Labcorp CRO in Clinical Trials Major Product Offerings
7.1.4 Labcorp CRO in Clinical Trials Revenue in Global Market (2018-2023)
7.1.5 Labcorp Key News & Latest Developments
7.2 IQVIA
7.2.1 IQVIA Company Summary
7.2.2 IQVIA Business Overview
7.2.3 IQVIA CRO in Clinical Trials Major Product Offerings
7.2.4 IQVIA CRO in Clinical Trials Revenue in Global Market (2018-2023)
7.2.5 IQVIA Key News & Latest Developments
7.3 Parexel
7.3.1 Parexel Company Summary
7.3.2 Parexel Business Overview
7.3.3 Parexel CRO in Clinical Trials Major Product Offerings
7.3.4 Parexel CRO in Clinical Trials Revenue in Global Market (2018-2023)
7.3.5 Parexel Key News & Latest Developments
7.4 Syneos Health
7.4.1 Syneos Health Company Summary
7.4.2 Syneos Health Business Overview
7.4.3 Syneos Health CRO in Clinical Trials Major Product Offerings
7.4.4 Syneos Health CRO in Clinical Trials Revenue in Global Market (2018-2023)
7.4.5 Syneos Health Key News & Latest Developments
7.5 PRA Health Sciences
7.5.1 PRA Health Sciences Company Summary
7.5.2 PRA Health Sciences Business Overview
7.5.3 PRA Health Sciences CRO in Clinical Trials Major Product Offerings
7.5.4 PRA Health Sciences CRO in Clinical Trials Revenue in Global Market (2018-2023)
7.5.5 PRA Health Sciences Key News & Latest Developments
7.6 PPD
7.6.1 PPD Company Summary
7.6.2 PPD Business Overview
7.6.3 PPD CRO in Clinical Trials Major Product Offerings
7.6.4 PPD CRO in Clinical Trials Revenue in Global Market (2018-2023)
7.6.5 PPD Key News & Latest Developments
7.7 ICON
7.7.1 ICON Company Summary
7.7.2 ICON Business Overview
7.7.3 ICON CRO in Clinical Trials Major Product Offerings
7.7.4 ICON CRO in Clinical Trials Revenue in Global Market (2018-2023)
7.7.5 ICON Key News & Latest Developments
7.8 MedPace
7.8.1 MedPace Company Summary
7.8.2 MedPace Business Overview
7.8.3 MedPace CRO in Clinical Trials Major Product Offerings
7.8.4 MedPace CRO in Clinical Trials Revenue in Global Market (2018-2023)
7.8.5 MedPace Key News & Latest Developments
7.9 Wuxi AppTec
7.9.1 Wuxi AppTec Company Summary
7.9.2 Wuxi AppTec Business Overview
7.9.3 Wuxi AppTec CRO in Clinical Trials Major Product Offerings
7.9.4 Wuxi AppTec CRO in Clinical Trials Revenue in Global Market (2018-2023)
7.9.5 Wuxi AppTec Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. CRO in Clinical Trials Market Opportunities & Trends in Global Market
Table 2. CRO in Clinical Trials Market Drivers in Global Market
Table 3. CRO in Clinical Trials Market Restraints in Global Market
Table 4. Key Players of CRO in Clinical Trials in Global Market
Table 5. Top CRO in Clinical Trials Players in Global Market, Ranking by Revenue (2022)
Table 6. Global CRO in Clinical Trials Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global CRO in Clinical Trials Revenue Share by Companies, 2018-2023
Table 8. Global Companies CRO in Clinical Trials Product Type
Table 9. List of Global Tier 1 CRO in Clinical Trials Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 CRO in Clinical Trials Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global CRO in Clinical Trials Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - CRO in Clinical Trials Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - CRO in Clinical Trials Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global CRO in Clinical Trials Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - CRO in Clinical Trials Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - CRO in Clinical Trials Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global CRO in Clinical Trials Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global CRO in Clinical Trials Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global CRO in Clinical Trials Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America CRO in Clinical Trials Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America CRO in Clinical Trials Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe CRO in Clinical Trials Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe CRO in Clinical Trials Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia CRO in Clinical Trials Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia CRO in Clinical Trials Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America CRO in Clinical Trials Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America CRO in Clinical Trials Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa CRO in Clinical Trials Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa CRO in Clinical Trials Revenue, (US$, Mn), 2024-2029
Table 30. Labcorp Company Summary
Table 31. Labcorp CRO in Clinical Trials Product Offerings
Table 32. Labcorp CRO in Clinical Trials Revenue (US$, Mn) & (2018-2023)
Table 33. Labcorp Key News & Latest Developments
Table 34. IQVIA Company Summary
Table 35. IQVIA CRO in Clinical Trials Product Offerings
Table 36. IQVIA CRO in Clinical Trials Revenue (US$, Mn) & (2018-2023)
Table 37. IQVIA Key News & Latest Developments
Table 38. Parexel Company Summary
Table 39. Parexel CRO in Clinical Trials Product Offerings
Table 40. Parexel CRO in Clinical Trials Revenue (US$, Mn) & (2018-2023)
Table 41. Parexel Key News & Latest Developments
Table 42. Syneos Health Company Summary
Table 43. Syneos Health CRO in Clinical Trials Product Offerings
Table 44. Syneos Health CRO in Clinical Trials Revenue (US$, Mn) & (2018-2023)
Table 45. Syneos Health Key News & Latest Developments
Table 46. PRA Health Sciences Company Summary
Table 47. PRA Health Sciences CRO in Clinical Trials Product Offerings
Table 48. PRA Health Sciences CRO in Clinical Trials Revenue (US$, Mn) & (2018-2023)
Table 49. PRA Health Sciences Key News & Latest Developments
Table 50. PPD Company Summary
Table 51. PPD CRO in Clinical Trials Product Offerings
Table 52. PPD CRO in Clinical Trials Revenue (US$, Mn) & (2018-2023)
Table 53. PPD Key News & Latest Developments
Table 54. ICON Company Summary
Table 55. ICON CRO in Clinical Trials Product Offerings
Table 56. ICON CRO in Clinical Trials Revenue (US$, Mn) & (2018-2023)
Table 57. ICON Key News & Latest Developments
Table 58. MedPace Company Summary
Table 59. MedPace CRO in Clinical Trials Product Offerings
Table 60. MedPace CRO in Clinical Trials Revenue (US$, Mn) & (2018-2023)
Table 61. MedPace Key News & Latest Developments
Table 62. Wuxi AppTec Company Summary
Table 63. Wuxi AppTec CRO in Clinical Trials Product Offerings
Table 64. Wuxi AppTec CRO in Clinical Trials Revenue (US$, Mn) & (2018-2023)
Table 65. Wuxi AppTec Key News & Latest Developments
List of Figures
Figure 1. CRO in Clinical Trials Segment by Type in 2022
Figure 2. CRO in Clinical Trials Segment by Application in 2022
Figure 3. Global CRO in Clinical Trials Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global CRO in Clinical Trials Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global CRO in Clinical Trials Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by CRO in Clinical Trials Revenue in 2022
Figure 8. By Type - Global CRO in Clinical Trials Revenue Market Share, 2018-2029
Figure 9. By Application - Global CRO in Clinical Trials Revenue Market Share, 2018-2029
Figure 10. By Type - Global CRO in Clinical Trials Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global CRO in Clinical Trials Revenue Market Share, 2018-2029
Figure 12. By Application - Global CRO in Clinical Trials Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global CRO in Clinical Trials Revenue Market Share, 2018-2029
Figure 14. By Region - Global CRO in Clinical Trials Revenue Market Share, 2018-2029
Figure 15. By Country - North America CRO in Clinical Trials Revenue Market Share, 2018-2029
Figure 16. US CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 17. Canada CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe CRO in Clinical Trials Revenue Market Share, 2018-2029
Figure 20. Germany CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 21. France CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 23. Italy CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 24. Russia CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia CRO in Clinical Trials Revenue Market Share, 2018-2029
Figure 28. China CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 29. Japan CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 32. India CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America CRO in Clinical Trials Revenue Market Share, 2018-2029
Figure 34. Brazil CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa CRO in Clinical Trials Revenue Market Share, 2018-2029
Figure 37. Turkey CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 38. Israel CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 40. UAE CRO in Clinical Trials Revenue, (US$, Mn), 2018-2029
Figure 41. Labcorp CRO in Clinical Trials Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. IQVIA CRO in Clinical Trials Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Parexel CRO in Clinical Trials Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Syneos Health CRO in Clinical Trials Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. PRA Health Sciences CRO in Clinical Trials Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. PPD CRO in Clinical Trials Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. ICON CRO in Clinical Trials Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. MedPace CRO in Clinical Trials Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Wuxi AppTec CRO in Clinical Trials Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
