The increasing R&D investments from pharmaceutical companies and extensive drug pipelines for the treatment of various chronic diseases, such as immunological disorders, metabolic disorders, and neurological disorders, are the predominant growth drivers for the global contract research organization (CRO) market.

1. GLOBAL INDUSTRY INSIGHT:
Contract Research Organization (CRO) Market Size, Share,
Development, Growth and Demand Forecast to 2020

2. Contract Research Organization Market Size, Share, Development,
Growth and Demand Forecast to 2020
The increasing R&D investments from pharmaceutical companies and extensive drug pipelines for
the treatment of various chronic diseases, such as immunological disorders, metabolic disorders,
and neurological disorders, are the predominant growth drivers for the global contract research
organization (CRO) market. Additionally, the increasing outsourcing of pharmaceutical and
biopharmaceutical R&D activities, high failure rate of drug clinical trials, and low cost of conducting
clinical trials in emerging countries are also driving the growth of the market. The growing numbers
of mergers and acquisitions is a key trend observed in the market. Among the various end-user
segments of CRO, the last-stage development service accounted for the largest and fastest growing
segment in the global market.
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market
CROs provide support and services in form of research facilities outsourced on contract basis to life
sciences, pharmaceutical, and medical device industries. The major services offered by CROs
include preclinical research, biologic assay development, biopharmaceutical and pharmaceutical
development, commercialization, clinical trials management, and clinical research. These
organizations also provide support to research organizations, academic institutes, and government
organizations.
The stringent regulation for the approval of pharmaceutical and biopharmaceutical drugs is
restraining the growth of the global CRO market. Moreover, the lack of skilled research
professionals is also hindering the growth of the market, especially in the developing countries,
such as India and China.
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report/healthcare
North America and Europe are the major markets, due to increasing prevalence of chronic
diseases, and improved research infrastructure in these regions. The U.S. followed by Canada, is
the largest market for CRO in North America. Whereas, the U.K., Germany, and France are some of
the major countries holding significant share in the European market.
The Asian market is growing with a significant rate, owing to increasing prevalence of chronic
diseases, and growing demand of innovative and advanced pharmaceutical and biopharmaceutical
products in the region. In addition, the low R&D costs, and increasing investments by several
pharmaceutical and biopharmaceutical drugs manufacturing companies are also supporting the
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3. Contract Research Organization Market Size, Share, Development,
Growth and Demand Forecast to 2020
growth of the Asian CRO market. The countries, such as India, Japan, and China, are the major
markets in the region.
Apart from these regions, Latin America is another important market. This is due to improving
research infrastructure and growing demand of novel pharmaceutical and biopharmaceutical drugs
in the region. Brazil holds the largest share in the Latin American market, due to the increasing
R&D activities in the country.
Some of the major players operating in the global CRO market include WuXi AppTec, Viva Biotech,
Ltd., TCG Lifesciences Pvt. Ltd., Sygnature Discovery Ltd., Sundia MediTech Company Ltd.,
Shanghai Medicilon Inc., ChemPartner, Selvita S.A., Selcia Ltd., Scynexis Inc., Ricerca Biosciences
LLC, Pharmaron Inc., Nanosyn Inc., Jubilant Biosys Ltd., Hutchison MediPharma Ltd., Graffinity
Pharmaceuticals GmbH, Albany Molecular Research Inc., Argenta Discovery Ltd., Aptuit LLC,
Asclepia MedChem Solutions, AsisChem Inc., Caliper Life Sciences, CreaGen Biosciences Inc.,
Chemical Diversity Inc., BioDuro, Emerald Biostructures, and Jubilant Biosys Ltd.
CRO Market Segmentation
By End-User
 Early-Stage Development Services
 Last-Stage Development Services
By Geography
 North America
o U.S.
o Canada
 Europe
o Germany
o France
o U.K.
o Spain
o Italy
 Asia
o Japan
o China
o India
 Latin America
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4. Contract Research Organization Market Size, Share, Development,
Growth and Demand Forecast to 2020
o Brazil
 Rest of the World
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