Contract Research Organization Services Market: By Service Type By Application By End User and Geography  

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Contract Research Organization Services Market Size, Share, Growth, Trends, and Global Industry Analysis: By Service Type (Early Phase Development Services, Clinical Research Services, Laboratory Services, Regulatory Consulting Services) By Application (Oncology, Cardiology, Infectious disease, Neurology, Gastroenterology & Hepatology Others) By End User (Pharmaceutical & Biopharmaceutical Companies, Medical Device Companies, Academic Institutes) and Region  

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Contract Research Organization Services Market size was valued at US$ 54,398.7 million in 2023 and is poised to grow at a CAGR of 8.3% from 2024-2030. The global market provides a detailed overview of the market, and that can be segmented by Service Type, by application, and by end user. By service type, the global contract research organization services market has been segmented into Early Phase Development Services, Clinical Research Services, laboratory services, and Regulatory Consulting Services. The Clinical Research Services segment is likely to be the largest and fastest-growing segment in terms of service type. Based on application, the global contract research organization services market is segmented into Oncology, Cardiology, Infectious disease, Neurology, Gastroenterology & Hepatology Others. Among these, the oncology segment is expected to have the fastest-growing market during the forecast period. Based on end-users, the global contract research organization services market is segmented into Pharmaceutical and biopharmaceutical Companies, Medical Device Companies, and Academic Institutes. The Pharmaceutical & Biopharmaceutical Companies segment accounts for the largest share.

Contract Research Organization Services Market  Key Development:
  • In Dec 2021, Toxikon Corporation was acquired by Laboratory Corporation of America Holdings (US) to expand its non-clinical development portfolio and work with pharmaceutical and biotechnology clients in the Boston, Massachusetts, area.
  • In January 2021, A new SaaS-based clinical data analytics platform called the Clinical Data Analytics Suite (CDAS) was introduced by IQVIA Inc. (US). It combines structured and unstructured data from clinical trials into a single standard setting for easier access and use, creates scalable repositories, and powers predictive analytics.

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Contract Research Organization Services Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.3%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Contract Research Organization Services Market Dynamics

The growing elderly population, the rise in chronic disease, and the problems linked to lifestyle are all accelerating the demand for contract research organisation (CRO) services. The market is expanding since chronic diseases are becoming more common, especially among the elderly. The significant increase in patient specimens tested in labs and the resulting need for clinical lab testing services, which is supported by government public health screening regulations, are further factors driving the expansion of the contract research organisation (CROs) services industry.

Contract Research Organization Services Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 54,398.7 million

Market CAGR

8.3%

By Service Type

  • Early Phase Development Services,
  • Clinical Research Services,
  • Laboratory Services,
  • Regulatory Consulting Services

By Application

  • Oncology,
  • Cardiology,
  • Infectious disease,
  • Neurology,
  • Gastroenterology & Hepatology
  • Others

By End User

  • Pharmaceutical & Biopharmaceutical Companies,
  • Medical Device Companies,
  • Academic Institutes

Key Features of the Report

  • The contract research organization services market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

Based on the end user, the pharmaceutical and biotechnological segment is fastest-growing segment in the global contract research organization market.

The global contract research organization services market size is valued at US$ 54,398.7 million in 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028.

The major players in contract research organization services market are BIO Agile Therapeutics, Novotech Health Holding, Parexel International, Firma Clinical Research, Charles River Laboratories, Axcent Advanced Analytics, Geneticist In., Dove Quality Solutions, Frontage Holding Corporation, WuXi AppTec.

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary
2. Global Contract Research Organization Services Market Introduction
2.1. Global Contract Research Organization Services Market Taxonomy
2.2. Global Contract Research Organization Services Market Definitions
2.2.1. Service Type
2.2.2. Application
2.2.3. End User
3. Global Contract Research Organization Services Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Contract Research Organization Services Market Dynamic Factors - Impact Analysis
3.6. Global Contract Research Organization Services Market Competition Landscape
4. Global Contract Research Organization Services Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Contract Research Organization Services Market, By Service Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1. Early Phase Development Services
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Clinical Research Services
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Laboratory Services
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Regulatory Consulting Services
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Contract Research Organization Services Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030
6.1. Oncology
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Cardiology
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Infectious disease
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Neurology
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Gastroenterology & Hepatology
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Others
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
7. Global Contract Research Organization Services Market Forecast, By End User, 2019 - 2023 and Forecast, 2024 - 2030
7.1. Pharmaceutical & Biopharmaceutical Companies
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Medical Device Companies
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Academic Institutes
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Contract Research Organization Services Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Region, 2024 - 2030
9. North America Contract Research Organization Services Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1. By Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Early Phase Development Services
9.1.2. Clinical Research Services
9.1.3. Laboratory Services
9.1.4. Regulatory Consulting Services
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Oncology
9.2.2. Cardiology
9.2.3. Infectious disease
9.2.4. Neurology
9.2.5. Gastroenterology & Hepatology
9.2.6. Others
9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Pharmaceutical & Biopharmaceutical Companies
9.3.2. Medical Device Companies
9.3.3. Academic Institutes
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2024 - 2030
9.6. North America Contract Research Organization Services Market Dynamics Trends
10. Europe Contract Research Organization Services Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
10.1. By Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Early Phase Development Services
10.1.2. Clinical Research Services
10.1.3. Laboratory Services
10.1.4. Regulatory Consulting Services
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Oncology
10.2.2. Cardiology
10.2.3. Infectious disease
10.2.4. Neurology
10.2.5. Gastroenterology & Hepatology
10.2.6. Others
10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Pharmaceutical & Biopharmaceutical Companies
10.3.2. Medical Device Companies
10.3.3. Academic Institutes
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2024 - 2030
10.6. Europe Contract Research Organization Services Market Dynamics Trends
11. Asia-Pacific Contract Research Organization Services Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
11.1. By Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Early Phase Development Services
11.1.2. Clinical Research Services
11.1.3. Laboratory Services
11.1.4. Regulatory Consulting Services
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Oncology
11.2.2. Cardiology
11.2.3. Infectious disease
11.2.4. Neurology
11.2.5. Gastroenterology & Hepatology
11.2.6. Others
11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Pharmaceutical & Biopharmaceutical Companies
11.3.2. Medical Device Companies
11.3.3. Academic Institutes
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2024 - 2030
11.6. Asia-Pacific Contract Research Organization Services Market Dynamics Trends
12. Latin America Contract Research Organization Services Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
12.1. By Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Early Phase Development Services
12.1.2. Clinical Research Services
12.1.3. Laboratory Services
12.1.4. Regulatory Consulting Services
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Oncology
12.2.2. Cardiology
12.2.3. Infectious disease
12.2.4. Neurology
12.2.5. Gastroenterology & Hepatology
12.2.6. Others
12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Pharmaceutical & Biopharmaceutical Companies
12.3.2. Medical Device Companies
12.3.3. Academic Institutes
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2024 - 2030
12.6. Latin America Contract Research Organization Services Market Dynamics Trends
13. Middle East and Africa Contract Research Organization Services Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
13.1. By Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Early Phase Development Services
13.1.2. Clinical Research Services
13.1.3. Laboratory Services
13.1.4. Regulatory Consulting Services
13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Oncology
13.2.2. Cardiology
13.2.3. Infectious disease
13.2.4. Neurology
13.2.5. Gastroenterology & Hepatology
13.2.6. Others
13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Pharmaceutical & Biopharmaceutical Companies
13.3.2. Medical Device Companies
13.3.3. Academic Institutes
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Contract Research Organization Services Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2024 - 2030
13.6. MEA Contract Research Organization Services Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Charles River Laboratories, Inc.
14.2.2. Parexel International Corporation
14.2.3. LabCorp
14.2.4. SGS
14.2.5. Syneos Health, Inc.
14.2.6. Icon plc
14.2.7. WuXi AppTec Group
14.2.8. Medpace Holdings, Inc.
14.2.9. PRA Health Sciences, Inc.
14.2.10. Veristat, LLC
15. Research Methodology
16. Key Assumptions and Acronyms

Key Market Players

  • Charles River Laboratories, Inc.
  • Parexel International Corporation
  • LabCorp
  • SGS
  • Syneos Health, Inc.
  • Icon plc
  • WuXi AppTec Group
  • Medpace Holdings, Inc.
  • PRA Health Sciences, Inc.
  • Veristat, LLC

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