Australia and New Zealand Healthcare CROs Market Report and Forecast 2024-2032
Market Report I 2023-09-16 I 140 Pages I EMR Inc.
Australia and New Zealand Healthcare CROs Market Report and Forecast 2024-2032
Australia and New Zealand Healthcare CROs Market Outlook
The Australia and New Zealand healthcare CROs market size was valued USD 1.1 billion in 2023, driven by increasing complexity of clinical trials, rising R&D costs, the need for specialized expertise, and the focus on accelerating drug development. The market size is anticipated to grow at a CAGR of 11.9% during the forecast period of 2024-2032 to achieve a value of USD 3.0 billion by 2032.
Australia and New Zealand Healthcare CROs: Introduction
The healthcare Contract Research Organizations (CROs) market in Australia and New Zealand refers to the segment of the clinical research industry that provides outsourced services to pharmaceutical, biotechnology, and medical device companies in these countries. CROs play a crucial role in conducting clinical trials and providing various research and development services to support the development of new drugs, therapies, and medical devices.
Healthcare CROs in Australia and New Zealand offer a wide range of services to support the entire clinical trial process. These services include protocol development, site selection and management, patient recruitment, data management and analysis, regulatory submissions, safety monitoring, and quality assurance. CROs assist in streamlining the clinical trial process, ensuring compliance with regulatory requirements, and providing expertise and resources to efficiently conduct trials.
Key Trends in the Australia and New Zealand Healthcare CROs Market
Key Trends in the Australia and New Zealand healthcare CROs market:
- Increasing Outsourcing of Clinical Research: Pharmaceutical and biotechnology companies in Australia and New Zealand are increasingly outsourcing their clinical research activities to CROs. This trend is driven by the need for specialized expertise, cost-efficiency, and the ability to access a global network of investigators and patients.
- Growing Demand for Oncology Trials: Oncology clinical trials have witnessed significant growth in Australia and New Zealand. There is a rising demand for CROs specializing in oncology research due to the increasing prevalence of cancer and advancements in personalized medicine.
- Emphasis on Patient-Centric Approach: There is a growing emphasis on patient-centricity in clinical trials, and CROs are adopting strategies to enhance patient recruitment, engagement, and retention. CROs are leveraging technology, such as mobile applications and virtual visits, to improve patient experience and reduce the burden of participation.
- Digital Transformation and Data Analytics: The healthcare CROs market is undergoing digital transformation, with the adoption of technologies like electronic data capture (EDC), electronic patient-reported outcomes (ePRO), wearables, and data analytics. These technologies enable real-time data collection, remote monitoring, and advanced analytics, enhancing the efficiency and accuracy of clinical trials.
- Regulatory Compliance and Quality Assurance: The regulatory landscape for clinical trials is evolving, necessitating CROs to ensure compliance with stringent regulatory requirements. CROs in Australia and New Zealand are focusing on quality assurance and implementing robust systems and processes to maintain compliance with regulatory guidelines.
Australia and New Zealand Healthcare CROs Market Segmentation
The market can be categorised into phase type, and indication.
Market Breakup by Phase Type
- Drug Discovery
- Preclinical
- Clinical
Market Breakup by Indication
- Oncology
- Cardiovascular
- Autoimmune/Inflammation
- Central Nervous System (CNS)
- Dermatology
- Infectious Diseases
- Respiratory
- Others
Australia and New Zealand Healthcare CROs Market Overview
The healthcare CROs market in Australia and New Zealand has experienced significant growth in recent years. Factors contributing to market growth include the increasing complexity of clinical trials, rising R&D costs, the need for specialized expertise, and the focus on accelerating drug development.
The healthcare CROs market in Australia and New Zealand is competitive, with both local and international players operating in the region. Key market players include large multinational CROs, mid-size CROs, and niche specialty CROs. These CROs compete based on their therapeutic expertise, quality of services, geographical reach, and technological capabilities. The healthcare CROs market in Australia and New Zealand is expected to continue growing in the coming years. Factors such as the increasing focus on personalized medicine, advancements in digital health technologies, the need for efficient drug development processes, and the growing demand for real-world evidence (RWE) are expected to drive market growth. CROs that can adapt.
Key Players in the Australia and New Zealand Healthcare CROs Market
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in Australia and New Zealand healthcare CROs market are as follows:
- PAREXEL International Corporation
- Thermo SGS SA
- ICON plc
- Medpace Australia Pty. Ltd
- Charles River Laboratories International, Inc.
- IQVIA
- Novotech
- Laboratory Corporation of America Holdings
- Syneos Health
We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1Preface
1.1Objectives of the Study
1.2Key Assumptions
1.3Report Coverage - Key Segmentation and Scope
1.4Research Methodology
2Executive Summary
3Australia and New Zealand Healthcare CROs Market Overview
3.1Australia and New Zealand Healthcare CROs Market Historical Value (2017-2023)
3.2Australia and New Zealand Healthcare CROs Market Forecast Value (2024-2032)
4Australia and New Zealand Healthcare CROs Market Landscape
4.1Lentiviral Vectors: Developers Landscape
4.1.1Analysis by Year of Establishment
4.1.2Analysis by Company Size
4.1.3Analysis by Region
4.2Lentiviral Vectors: Product Landscape
4.2.1Analysis by Type
4.2.2Analysis by Applications
5Australia and New Zealand Healthcare CROs Market Dynamics
5.1Market Drivers and Constraints
5.2SWOT Analysis
5.3Porter's Five Forces Model
5.4Key Demand Indicators
5.5Key Price Indicators
5.6Industry Events, Initiatives, and Trends
5.7Value Chain Analysis
6Australia and New Zealand Healthcare CROs Market Segmentation
6.1Australia and New Zealand Healthcare CROs Market by Phase Type
6.1.1Market Overview
6.1.2Drug Discovery
6.1.3Preclinical
6.1.4Clinical
6.2Australia and New Zealand Healthcare CROs Market by Indication
6.2.1Market Overview
6.2.2Oncology
6.2.3Cardiovascular
6.2.4Autoimmune/Inflammation
6.2.5Central Nervous System (CNS)
6.2.6Dermatology
6.2.7Infectious Diseases
6.2.8Respiratory
6.2.9Others
7Australia and New Zealand Healthcare CROs Market
7.1Market Share by Country
7.2Australia
7.3New Zealand
8Funding and Investment Analysis
8.1Analysis by Funding Instances
8.2Analysis by Type of Funding
8.3Analysis by Funding Amount
8.4Analysis by Leading Players
8.5Analysis by Leading Investors
8.6Analysis by Geography
9Partnership and Collaborations Analysis
9.1Analysis by Partnership Instances
9.2Analysis by Type of Partnership
9.3Analysis by Leading Players
9.4Analysis by Geography
10Supplier Landscape
10.1PAREXEL International Corporation
10.1.1Financial Analysis
10.1.2Product Portfolio
10.1.3Demographic Reach and Achievements
10.1.4Mergers and Acquisitions
10.1.5Certifications
10.2Thermo Fischer Scientific, Inc.
10.2.1Financial Analysis
10.2.2Product Portfolio
10.2.3Demographic Reach and Achievements
10.2.4Mergers and Acquisitions
10.2.5Certifications
10.3SGS SA
10.3.1Financial Analysis
10.3.2Product Portfolio
10.3.3Demographic Reach and Achievements
10.3.4Mergers and Acquisitions
10.3.5Certifications
10.4ICON plc
10.4.1Financial Analysis
10.4.2Product Portfolio
10.4.3Demographic Reach and Achievements
10.4.4Mergers and Acquisitions
10.4.5Certifications
10.5Medpace Australia Pty. Ltd
10.5.1Financial Analysis
10.5.2Product Portfolio
10.5.3Demographic Reach and Achievements
10.5.4Mergers and Acquisitions
10.5.5Certifications
10.6Charles River Laboratories International, Inc.
10.6.1Financial Analysis
10.6.2Product Portfolio
10.6.3Demographic Reach and Achievements
10.6.4Mergers and Acquisitions
10.6.5Certifications
10.7IQVIA
10.7.1Financial Analysis
10.7.2Product Portfolio
10.7.3Demographic Reach and Achievements
10.7.4Mergers and Acquisitions
10.7.5Certifications
10.8Novotech
10.8.1Financial Analysis
10.8.2Product Portfolio
10.8.3Demographic Reach and Achievements
10.8.4Mergers and Acquisitions
10.8.5Certifications
10.9Laboratory Corporation of America Holdings
10.9.1Financial Analysis
10.9.2Product Portfolio
10.9.3Demographic Reach and Achievements
10.9.4Mergers and Acquisitions
10.9.5Certifications
10.10Syneos Health
10.10.1Financial Analysis
10.10.2Product Portfolio
10.10.3Demographic Reach and Achievements
10.10.4Mergers and Acquisitions
10.10.5Certifications
11Key Opinion Leaders (KOL) Insights (Additional Insight)
12Company Competitiveness Analysis (Additional Insight)
12.1Very Small Companies
12.2Small Companies
12.3Mid-Sized Companies
12.4Large Companies
12.5Very Large Companies
13Payment Methods (Additional Insight)
13.1Government Funded
13.2Private Insurance
13.3Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
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