North America Contract Research Organization Market 2019-2025 - Increasing Market Consolidation & Rise in the Number of Clinical Trials

DUBLIN, May 17, 2019 /PRNewswire/ -- The "North America Contract Research Organization Market to 2025 - Regional Analysis and Forecasts by Type; End User, and Country" report has been added to ResearchAndMarkets.com's offering.

The North America contract research organization (CRO) market is expected to reach US$ 30,730.1 Mn in 2025 from US$ 16,369.3 Mn in 2017. The market is estimated to grow with a CAGR of 8.4% from 2018-2025.

The growth of the contract research organization (CRO) market is primarily attributed to the increasing R&D expenditures and outsourcing activities and rise in the number of clinical trials. However, the dearth of skilled professionals and regional competition in the CRO services market are likely to pose a negative impact on the market growth. On the other hand, growing biosimilars and biologics market and increasing demand for specialized testing services are likely to have a positive impact on the growth of the North America contract research organization (CRO) market in the coming years.

Clinical trials are the crucial and significant step in discovering whether the medical strategy, treatment, or device is safe and effective for human use. The clinical studies help in understanding and determining the best medical approaches for certain therapeutic area. Clinical trials are conducted primarily to collect data regarding the safety and efficacy of new drug and device development. Before the approval of drug molecules and the medical devices by the regulatory authorities, series of clinical studies are conducted.

Increasing prevalence of various communicable and non-communicable diseases are increasing the demand for the development of new drugs or medical devices for the treatment. This is in turn expected to increase the demand of the clinical trial activities for various therapeutic areas. As per the US National Library of Medicine presently approximately, 280, 801 clinical studies have been listed with locations of 50 states and 204 countries in till 2018. The number of registered studies by August 2018, is shows the rise in the number of the registration for the clinical trials.

In 2017, the clinical research services segment held a largest market share of 54.5% of the contract research organization (CRO) market, by type. This segment is also expected to dominate the market in 2025 owing to increasing number of new drug molecules and medical devices for the treatment of various therapeutic areas and the requirement for the fulfillment of stringent regulatory requirements before product approvals. Moreover, the laboratory services segment is anticipated to witness the fastest growth rate of 10.5% during the forecast period, 2018 to 2025 owing to increasing number of clinical trials is expected to rise in the coming near future.

North America contract research organization (CRO) market, based on the end user was segmented into pharmaceutical & biotechnology companies and medical devices companies. The pharmaceutical and biotechnology companies segment is anticipated to grow at a CAGR of 8.2% during the forecast period. Moreover, the medical device companies segment is expected to grow at the fastest rate during the coming years.

Key Topics Covered:

Part 1. Introduction
1.1 Scope Of The Study
1.2 Report Guidance

Part 2. North America Contract Research Organization (CRO) Market - Key Takeaways

Part 3. North America Contract Research Organization (CRO) Market - Market Landscape
3.1 Overview
3.2 Market Segmentation
3.3 Pest Analysis

Part 4. North America Contract Research Organization (CRO) Market - Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Increasing R&D Expenditures And Outsourcing Activities
4.1.2 Rise In The Number Of Clinical Trials
4.2 Key Market Restraints
4.2.1 Dearth Of Skilled Professionals
4.2.2 Regional Competition In The CRO Services Market
4.3 Key Market Opportunities
4.3.1 Growing Biosimilars And Biologics Market
4.3.2 Increasing Demand For Specialized Testing Services
4.4 Future Trends
4.4.1 Increasing Market Consolidation
4.5 Impact Analysis

Part 5. Contract Research Organization (CRO) Market - North America Analysis
5.1 North America Contract Research Organization (CRO) Market Revenue Forecasts And Analysis
5.2 Market Positioning
5.3 Performance Of Key Players
5.4 Expert Opinions

Part 6. North America Contract Research Organization (CRO) Market Analysis - By Type
6.1 Overview
6.2 North America Contract Research Organization (CRO) Market, By Type 2017 & 2025 (%)
6.3 North America Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By Type (Us$ Mn)
6.4 Early Phase Development Services Market
6.4.1 Overview
6.4.2 North America Early Phase Development Services Market Revenue And Forecasts To 2025 (Us$ Mn)
6.4.3 Drug Discovery Services
6.4.4 Pre-Clinical Services
6.5 Clinical Research Services
6.6 Laboratory Services
6.7 Post-Approval Services

Part 7. North America Contract Research Organization (CRO) Market Analysis - By End User
7.1 Overview
7.2 North America Contract Research Organization (CRO) Market, By End User, 2017 & 2025 (%)
7.3 North America Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By End User (Us$ Mn)
7.4 Pharmaceutical And Biotechnology Companies
7.5 Medical Device Companies

Part 8. North America Contract Research Organization (CRO) Market Revenue And Forecasts To 2025

Part 9. Contract Research Organization (CRO) Market - Industry Landscape
9.1 Overview
9.2 Growth Strategies In The Contract Research Organization (CRO) Market, 2015-2018
9.3 Inorganic Growth Strategies
9.3.1 Overview
9.3.2 Merger & Acquisitions
9.3.3 Collaborations
9.3.4 Partnership
9.3.5 Alliance
9.3.6 Agreement & Joint Venture
9.4 Organic Growth Strategies
9.4.1 Overview
9.4.2 Launch
9.4.3 Expansion & Relocation
9.4.4 Enhancements

Part 10. Contract Research Organization (CRO) Market - Key Company Profiles

• IQVIA
• Laboratory Corporation of America Holdings
• PAREXEL International Corporation
• ICON plc
• Syneos Health
• PRA Health Sciences
• Charles River
• Pharmaceutical Product Development, LLC
• WuXi AppTec
• Medpace

For more information about this report visit https://www.researchandmarkets.com/r/1rxi4j

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