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Report
North America Contract Research Organisation (CRO) Services Market Report and Forecast 2024-2032
Market Report I 2023-12-12 I 190 Pages I EMR Inc.
North America Contract Research Organisation (CRO) Services Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the North America contract research organisation (CRO) services market grew significantly in 2023. Aided by the burgeoning demand in pharmaceutical and biotechnological sectors and the escalating need for specialised services, the market is projected to further grow at a CAGR of 7.70% between 2024 and 2032.
CRO services are pivotal in aiding the pharmaceutical, biotechnological, and medical device industries in the enhancement of their research and development (R&D) activities. These organisations primarily offer services such as clinical trial management, data analysis, and regulatory consultancy, thereby playing an indispensable role in expediting drug development processes and enhancing overall healthcare outcomes.
The augmentation in pharmaceutical research and development and the spiralling investments in biotechnology are the key drivers propelling the North America contract research organisation (CRO) services market growth. With the intensification of chronic diseases and the escalating demand for innovative therapeutic solutions, pharmaceutical and biotech companies are progressively leaning towards CROs to mitigate operational costs and fast-track drug development timelines.
The rising complexity of clinical trials and the increasing regulatory scrutiny in the pharmaceutical sector necessitate the augmentation of specialised knowledge and advanced solutions, thus accentuating the indispensability of CRO services in North America. The upsurge in novel therapeutic modalities and the burgeoning requirement for precision medicine are further bolstering the demand for CRO services, enabling companies to navigate through the intricate web of regulatory frameworks and clinical developments.
The North America contract research organisation (CRO) services market demand is also fuelled by the advancements in biotechnological research and the burgeoning need for specialised knowledge in areas such as genomics and proteomics. The emergent wave of biotherapeutics and the rising prominence of personalised medicine are accelerating the need for CROs, allowing companies to access cutting-edge technologies and specialised expertise.
According to the North America contract research organisation (CRO) services market analysis, the increasing focus on patient-centric approaches and the rising incorporation of real-world evidence in clinical trials are enhancing the scope of CRO services in the region. With patient well-being gaining prominence, there is an increasing emphasis on optimising clinical trial designs and ensuring the stringent adherence to ethical standards and regulatory compliances.
Market Segmentation
The market can be divided based on service type, therapeutic area, end use, and region.
Market Breakup by Service Type
- Early Phase Development Services
o Discovery Science
o Chemistry
o Preclinical Services
- Clinical
o Phase I
o Phase II
o Phase III
o Phase IV
- Laboratory Services
o Analytical Testing Services
o Bioanalytical Testing Services
- Others
Market Breakup by Therapeutic Area
- Oncology
- Clinical Pharmacology
- Cardiovascular
- Infectious Disease
- Neurology
- Gastroenterology and Hepatology
- Respiratory
- Others
Market Breakup by End Use
- Pharmaceutical and Biopharmaceutical Companies
- Medical Device Companies
- Academic Institutes
- Others
Market Breakup by Region
- United States
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America contract research organisation (CRO) services market. Some of the major players explored in the report by Expert Market Research are as follows:
- IQVIA Holdings Inc.
- Thermo Fisher Scientific Inc.
- Medpace Holdings, Inc.
- Parexel International Corporation
- Labcorp
- Clinipace
- ICON plc
- Medpace, Inc
- Others
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*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.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Contract Research Organisation (CRO) Services Market Analysis
8.1 Key Industry Highlights
8.2 North America Contract Research Organisation (CRO) Services Historical Market (2018-2023)
8.3 North America Contract Research Organisation (CRO) Services Market Forecast (2024-2032)
8.4 North America Contract Research Organisation (CRO) Services Market by Service Type
8.4.1 Early Phase Development Services
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.1.4 Breakup by Type
8.4.1.4.1 Discovery Science
8.4.1.4.2 Chemistry
8.4.1.4.3 Preclinical Services
8.4.2 Clinical
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.2.4 Breakup by Type
8.4.2.4.1 Phase I
8.4.2.4.2 Phase II
8.4.2.4.3 Phase III
8.4.2.4.4 Phase IV
8.4.3 Laboratory Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.3.4 Breakup by Type
8.4.3.4.1 Analytical Testing Services
8.4.3.4.2 Bioanalytical Testing Services
8.4.4 Others
8.5 North America Contract Research Organisation (CRO) Services Market by Therapeutic Area
8.5.1 Oncology
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Clinical Pharmacology
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Cardiovascular
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Infectious Disease
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Neurology
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Gastroenterology and Hepatology
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2023)
8.5.6.3 Forecast Trend (2024-2032)
8.5.7 Respiratory
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2023)
8.5.7.3 Forecast Trend (2024-2032)
8.5.8 Others
8.6 North America Contract Research Organisation (CRO) Services Market by End Use
8.6.1 Pharmaceutical and Biopharmaceutical Companies
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Medical Device Companies
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Academic Institutes
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 North America Contract Research Organisation (CRO) Services Market by Region
8.7.1 Market Share
8.7.1.1 United States
8.7.1.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 IQVIA Holdings Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Thermo Fisher Scientific Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Medpace Holdings, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Parexel International Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Labcorp
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Clinipace
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 ICON plc
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Medpace, Inc
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Contract Research Organisation (CRO) Services Market: Key Industry Highlights, 2018 and 2032
2. North America Contract Research Organisation (CRO) Services Historical Market: Breakup by Service Type (USD Billion), 2018-2023
3. North America Contract Research Organisation (CRO) Services Market Forecast: Breakup by Service Type (USD Billion), 2024-2032
4. North America Contract Research Organisation (CRO) Services Historical Market: Breakup by Therapeutic Area (USD Billion), 2018-2023
5. North America Contract Research Organisation (CRO) Services Market Forecast: Breakup by Therapeutic Area (USD Billion), 2024-2032
6. North America Contract Research Organisation (CRO) Services Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. North America Contract Research Organisation (CRO) Services Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. North America Contract Research Organisation (CRO) Services Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Contract Research Organisation (CRO) Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. North America Contract Research Organisation (CRO) Services Market Structure
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