Clinical Research Services Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

$ PRICE - $ 3,000.00$ 8,900.00

Clinical Research Services Market By Type of Service (Treatment Research, Prevention Research, Diagnostic Research, Screening Research, Quality of Life Research, Genetic studies, Epidemiological studies, Clinical Trials, Others), By Disease Area (Oncology, Central Nervous System Disorders, Cardio Vascular Disorders, Diabetes, Infectious Diseases, Others), By End User (Pharmaceutical Companies, Biotechnological Companies, Research Organizations, Others) and Geography

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail

Report

Description

The global Clinical Research Services Market size was estimated at USD 70.2 billion in 2021, growing at a CAGR of 10.2% during the forecast period 2021-2027. Clinical research is a branch of healthcare that studies whether a medical strategy, medicine, medical device, diagnostics and treatment regimes is safe and effective for human use. Clinical research may contribute to treatment, prevention, diagnosis or relieving certain symptoms of disease or condition. Clinical research is carried out with a pool of patients or people under study condition. Clinical research is a broad term which includes many research studies such as treatment, prevention, diagnostic, screening, genetic, epidemiological and clinical trial studies. Clinical research services market is at steady stage of growth. The market is expected to grow at a significant rate during the forecast period. Market players are expanding their markets by offering various services and collaborations. For instance in June 2017, PAREXEL International Corporation, a leading global biopharmaceutical services organization, collaborated with Sanofi to advance the use of wearable devices to transform the collection of data in clinical trials. Moreover, In order to maintain market position, companies adopting mergers and acquisitions as their key strategies. For instance, in May, 2017 and inVentiv Health, Inc. and INC Research Holdings, Inc., announced a definitive merger agreement to create a leading biopharmaceutical solutions organization. Similarly, in April 2016, Charles River Laboratories acquired WIL Research to enhance its global footprint, scientific capabilities, and access to growing market segments.


Clinical Research Services Market

MARKET SUMMARY
-
10.2% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 10.2%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Clinical Research Services Market

  • The report on global Clinical Research Services Market gives historical, current, and future market sizes (US$ Bn) on the basis on type of service, therapeutic area, end user, and region
  • Clinical Research Services Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • In October 2015, WuXi PharmaTech (Cayman) Inc. and Gilead Sciences, Inc., strategically partnered in conducting analytical and stability studies of small-molecule new chemical entities to support global marketing applications and commercial products.
Market Key Players
  • Laboratory Corporation Of America Holdings (U.S.)
  • Quintiles Transnational Holdings Inc. (U.S.)
  • PAREXEL International Corporation (U.S.)
  • ICON Plc (Ireland)
  • PRA Health Sciences, Inc. (U.S.)
  • InVentiv Health Inc. (U.S.)
  • Wuxi AppTec (Cayman) Inc. (China)
Drivers And Restraints

Clinical Research Services Market

Global clinical research services market is driven by increased burden of chronic diseases such as HIV, cancer and cardio vascular diseases, which requires huge investments. Pharmaceutical and biotechnological companies outsource their clinical research activities to clinical research service organizations to reduce the cost and regulatory burdens. In addition, enormous growth in biopharmaceutical segment, discovery of the new drugs through innovation and increase in clinical trials are expected to boost the clinical research services market over the forecast period. However, increase in clinical research costs, stringent regulatory procedures and ethical issues are hindering the clinical research services market.


North-America got significant share

Clinical Research Services Market

Geographically clinical research services market has been segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America market expected to be leading clinical research services market owing to factors such as favourable regulations, developed infrastructure, increase in research and development activities and availability of pool of patients. Europe market expected to grow at significant rate owing to increase in R&D activities by pharma and biotechnological companies and favourable regulatory environment and government policies. Asia Pacific market is expected to be fastest growing owing to developing regulatory policies, low cost of the research and availability of a large number of patients.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share and forecast from 2021-2027
  • The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
Segmentation

Clinical Research Services Market


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Laboratory Corporation Of America Holdings (U.S.)
  • Quintiles Transnational Holdings Inc. (U.S.)
  • PAREXEL International Corporation (U.S.)
  • ICON Plc (Ireland)
  • PRA Health Sciences, Inc. (U.S.)
  • InVentiv Health Inc. (U.S.)
  • Wuxi AppTec (Cayman) Inc. (China)
  • Pharmaceutical Product Development, LLC (U.S.)
  • INC Research Holdings Inc. (U.S.)
  • Charles River Laboratories International Inc. (U.S.)

Description

The global Clinical Research Services Market size was estimated at USD 70.2 billion in 2021, growing at a CAGR of 10.2% during the forecast period 2021-2027. Clinical research is a branch of healthcare that studies whether a medical strategy, medicine, medical device, diagnostics and treatment regimes is safe and effective for human use. Clinical research may contribute to treatment, prevention, diagnosis or relieving certain symptoms of disease or condition. Clinical research is carried out with a pool of patients or people under study condition. Clinical research is a broad term which includes many research studies such as treatment, prevention, diagnostic, screening, genetic, epidemiological and clinical trial studies. Clinical research services market is at steady stage of growth. The market is expected to grow at a significant rate during the forecast period. Market players are expanding their markets by offering various services and collaborations. For instance in June 2017, PAREXEL International Corporation, a leading global biopharmaceutical services organization, collaborated with Sanofi to advance the use of wearable devices to transform the collection of data in clinical trials. Moreover, In order to maintain market position, companies adopting mergers and acquisitions as their key strategies. For instance, in May, 2017 and inVentiv Health, Inc. and INC Research Holdings, Inc., announced a definitive merger agreement to create a leading biopharmaceutical solutions organization. Similarly, in April 2016, Charles River Laboratories acquired WIL Research to enhance its global footprint, scientific capabilities, and access to growing market segments.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX