This strategy will help the players to free up their in-house resources for other crucial projects and bring about improved efficiency in terms of timelines, regulatory norms and costs.Some of the other major trends in the CRO industry include the following – • Increasing focus on emerging markets such as China, India and Brazil.• Strategic partnerships between CROs and their sponsors• Growing investments in technologyIQVIA was the largest player in the global CRO market with 12.4% share, followed by Laboratory Corporation of America Holdings, ICON Plc, PAREXEL and PPD.DescriptionWhere is the largest and fastest growing market for CRO? What Are Contract Research Organizations? For instance, IQVIA navigates specific key drivers of the industry including artificial intelligence and digital health. This strategic partnership allowed Charles River’s clients to access Distributed Bio’s antibody discovery platforms, In February 2018, CMIC Holdings announced its collaborative agreement to provide comprehensive clinical trial services. Industry trends. A contract research organization in healthcare provides assistance to biotechnology, medical device and pharmaceutical companies in the form of research services outsourced on a contract basis. Obeticholic Acid: Past, Present, and Future? According to Heart Disease and Stroke Statistics 2017, maximum number of Americans suffered from cardiovascular diseases that will provide substantial segmental opportunities. Also make sure that the capabilities at one site are identical to the other sites that offer it. Rapidly developing research practices along with rising outsourcing of R&D activities will be key driving factors for the growth of CRO industry worldwide. Here are the five criteria to consider when determining which is the best CRO for your research programs.

Have you ever calculated how much your company saves per hour by utilizing a fee-for-service organization? While you may find a few CROs with the right capabilities, they may not all produce high quality work.

Contract Research Organization Market size exceeded USD 36.5 billion in 2018 and is set to achieve over 7.6% CAGR up to 2025.. Get more details on this report - Request Free Sample PDF Healthcare contract research organization generally provides assistance to biotechnology, medical device and pharmaceutical companies in the form of research services outsourced on a contract basis. According to the WHO, cancer is the leading cause of death that will surge the demand for oncology drugs in the country.

Recently, the double digit growth rates of pharmaceutical and biotechnology companies have been shrinking to single digit and R&D productivity also declining owing to drug launch delays and FDA rejections in approval of drugs. By therapeutic area, oncology was the largest segment in 2017, which accounted for about 25.1% of the CRO market.The declining growth of the pharmaceutical market is affecting the CRO industry. All Rights Reserved. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth. Also, never hesitate to ask for a client reference list. Pharmaceutical and biopharmaceutical companies’ segment will witness around 54% revenue share in 2018. Pharmaceutical firms are gradually outsourcing research activities to private contract research organizations (CROs) and academic institutes that will eventually boost the industry demand. India market accounted for around 1.2 billion in 2018. Get in touch with us for special pricing. Moreover, clinical research services are further fragmented based on Phase I, II, III, IV that accounts for total segmental expansion. A Contract Research Organization (CRO) is a service provider, which offers end-to-end solutions in conducting clinical trials for biopharmaceutical and medical device companies. Service type segment covers early phase development services, clinical research services, laboratory services and consulting services.

__________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001, Cision Distribution 888-776-0942

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