The Contract Research Organizations Global Market Report 2020-30 by The Business Research Company describes and explains the global contract research organizations market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Contract Research Organizations Global Market Opportunities And Strategies Report covers contract research organizations market drivers, contract research organizations market trends, contract research organizations market segments, contract research organizations market growth rate, contract research organizations market major players, and contract research organizations market size.
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The contract research organizations market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Contract Research Organizations Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Trends in the market include:
Increasing Focus On Emerging Markets-
CROs are focusing on conducting clinical trials in emerging countries such as China, India and Brazil to reduce drug development costs. As the sponsors of the CROs struggle with the rising cost of drug/device development, they are also challenged to improve productivity and efficiency, streamline clinical trials, and meet more rigorous regulatory and quality assurance requirements in order to sustain profitability. The cost of conducting clinical trials in developing countries is around 50% lesser than that in developed countries, with the potential of less costly clinical trial enrollment and more cost-effective trial conduct . Apart from the cost factor, developing countries also prove to be the ideal place for CROs to conduct their clinical trials in order to expand capabilities and have a more diverse pool of patients.
Real World Evidence In Clinical Trials-
Contract research Organizations are increasingly incorporating real world evidence in their clinical studies. Real world evidence (RWE) is the data collected from sources outside clinical trials, including the monitoring of social media, mobile and wearable health tracking devices and electronic medical records. These insights from patients can better help CROs tailor clinical protocols to apply to real world circumstances. According to the Tufts Center for the Study of Drug Development, large pharmaceutical, biotechnology and CROs plan to increase staff for collection and analysis of real world data by 25% between 2017 and 2020.
The market is segmented:
By Service Type-
- a) Drug Discovery
- b) Preclinical Studies
- c) Phase I
- d) Phase II
- e) Phase III
- f) Phase IV
- g) Other Services
By Therapeutic Area –
- a) Oncology
- b) Cardiovascular Disease
- c) CNS Disorder
- d) Infectious Disease
- e) Metabolic Disease
- f) Other Therapeutic Area
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