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Contract Research Organization Market Share

Report ID: GMI3012
Published Date: Mar 2023
Report Format: PDF

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Contract Research Organization Market Share

Major market players operating in the contract research organization industry include :

Charles River Laboratories, Inc.
Laboratory Corporation of America Holdings
IQVIA
Pharmaceutical Product Development
PAREXEL International and Syneos Health

Mergers & acquisitions, partnerships & collaboration are some of the most adopted business strategies observed to sustain market position.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for contract research organization stood at over USD 56.5 billion in 2022 and is predicted to exhibit more than 6.5% CAGR from 2023 to 2032 due to a significant rise in R&D investments worldwide.

Clinical research service segment is anticipated to garner over USD 63.5 billion by 2032, attributed to the increasing incidences of chronic health conditions and the escalating new drug delivery projects.

Academic institute segment is expected to witness over 5% CAGR from 2023 to 2032 owing to the escalating clinical research activities across academic institutes.

Prominent operating in the CRO market include Charles River Laboratories, Inc., CMIC HOLDING Co., Ltd, Clinipace Inc., EPS International Co., Ltd (EPS Group), IQVIA, Laboratory Corporation of America Holdings (Covance Inc), ICON plc, Medpace, Inc, and PAREXEL International, among others.