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7/26/2019 Global Contract Research Organizations Market.pdf
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Global Contract Research Organizations Market 2015
Released By The Business Research Company
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. The core services
offered by CROs to biopharmaceutical companies include initial drug discovery solutions, toxicology
studies, bio-analytical services, central laboratory, site monitoring, data management services,
vigilance, bio-statistics, study and development program design and consulting, regulatory affairs
and a variety of post-marketing surveillance services. At present, most of the pharmaceutical
companies often outsource their R&D activities to CROs and is expected that these companies will
increase their outsourcing activities for drug development process to CROs in future.
Market Overview
Recently, double digit growth rates of pharmaceutical and biotech companies have been shrinking tosingle digit and R&D productivity also declining owing to drug launch delays, FDA rejections in
approval of drugs and negative effects of scale in ever increasing organizations. In addition, cost-
effective generic drugs are becoming more dominant therein reducing the branded market share.
The importance and influence of emerging markets like China, Brazil, and India is increasing.
Moreover, economic crisis has affected almost all the sectors including pharmaceutical and biotech
companies. These companies have encountered with the major task of minimizing their drug costs
which had forced most of them to evaluate cost saving options such as outsourcing. Several
companies in this sector have already adopted this strategy to outsource their processes to specialist
service providers such as CROs. This strategy will help the players to free up their in-house resources
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for other crucial projects and bring about improved efficiency in terms of timelines, regulatory
norms and costs. Below graph represents the market dynamics of global CRO market.
Drug Discovery And Development Process
Discovery and development of an effective and safe pharmaceuticals is a challenging task that cantake 10 to 15 years of time and incur cost of approximately USD 1.0b to 1.5b. The drug discovery and
development process required sophisticated technology and a broad array of medical and laboratory
expertise, which include: target identification, pre-clinical evaluation, toxicology and safety testing,
and clinical trials design and implementation. A typical drug discovery and development process can
be described as follows:
Global CRO Market: Market Segmentation
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Value Chain Analysis
The life sciences industry is revolutionizing as the companies face unprecedented challenges owing
to pricing pressures caused by healthcare reforms and austerity measures. Moreover, this industry is
facing tremendous pressure and increased competition to introduce new drugs in the market. To
combat these challenges the pharmaceutical companies are now adopting strategies that focus ongrowth opportunities in emerging markets. In addition to this companies are pursuing breakthrough
innovation through collaboration with academics and industry partners. These companies are now
looking for introducing disruptive technologies that would aid in rapid results of clinical trials and
would provide cost-arbitrage for the investments done. The pharmaceutical industry is undergoing
sweeping changes as companies now prefer outsourcing their R&D, sales and marketing, legal
services and compliance activities with more focus given on operational efficiencies.
Competitive Landscape
The below figure clearly suggests the leadership of Quintiles in global CRO market and is accounted
for XX% of overall market in 2014. Quintiles Transnational Holdings, Inc. provides contract research
services and partnering solutions to various pharmaceutical, biotechnology and medical devices
companies. The company majorly focuses on phase II – IV of clinical trials and also associated
laboratory, analytical and clinical data management services. The company is focusing on strategic
acquisitions and partnership with small and medium sized contract research firms to expand its
service offerings across the globe. In addition, it is focused on innovation of new technologies
through diverting certain percentage of amount from its annual revenue for R&D activities to sustain
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in the market. In September 2013, the company has acquired Novella Clinical Inc., a leading contract
research organizations who has operations primarily in US and Europe.
Global CRO Market, 2014, Competitive analysis
Description
Global Contract Research Organization Market from the Business Research Company
covers market characteristics, size and growth, segmentation, regional breakdowns,
competitive landscape, market shares, trends and strategies for this market.
The market characteristics section of the report defines and explains the market.
The market size section gives the global contract research organization revenues,covering both the historic growth of the market and forecasting the future.
Drivers and restraints looks at the external factors supporting and controlling the growth
of the market.
Market segmentations break down the key sub sectors which make up the market. The
regional breakdowns section gives the size of the market geographically.
Competitive landscape gives a description of the competitive nature of the market,
market shares, and a description of the leading companies. Key financial deals which
have shaped the market in the last three years are identified.
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Reasons to Purchase
Get up to date information available on the contract research organization market
globally.
Identify growth segments and opportunities.
Facilitate decision making on the basis of historic and forecast data and understand the
drivers and restraints on the market.
Develop strategies based on likely future developments.
Gain a global perspective on the development of the market
Scope
Markets Covered: Contract Research Services.
Companies Mentioned: Quintiles, Covance, Parexel , PPD Inc., ICON Plc., inVentive Health and
Others.
Geographic scope: North America, Europe, Asia-Pacific, and Rest Of The World
Time series: Forecast 2012 to 2020.
Data: Market value in $ billions.
Data segmentations: Regional breakdowns, market share of competitors, key sub segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Table of Contents
Global Contract Research Organizations Market
INTRODUCTION 4
o Research Scope And Description 4
o Global CRO Market: Market Segmentation 5
o Research Methodology 5
EXECUTIVE SUMMARY 7
QUALITATIVE ANALYSIS 7
o Drug Discovery And Development Process 7
o Market Overview 8
Market Drivers 9 Challenges 11
o Value Chain Analysis 12
o Porters Five Forces Analysis: Global CRO Market 14
Bargaining power of suppliers 14
Bargaining power of buyers 14
Threat of new entrants 15
Threat of substitutes 15
Competitive rivalry 15
o Key M&A and Strategic Partnerships in Global CRO Market 15
o Competitive Analysis Of Global CRO Market Players 18
GLOBAL CONTRACT RESEARCH ORGANIZATIONS MARKET, 2012 – 2020F 20o Global Contract Research Organizations Market Analysis, By Type Of Service 20
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o Global Contract Research Organizations Market, by Therapeutic Areas, 2014 25
o Global Contract Research Organizations Market, by Geography, 2012 – 2020f 26
COMPANY PROFILES 30
o Covance Inc. (Acquired by Laboratory Corporation of America Holdings) 30
o PAREXEL International Corporation 32
o
Quintiles Transnational Holdings Inc. 34o PRA Health Sciences, Inc. 36
o Pharmaceutical Product Development, Inc. 38
Research Inquiries 40
The Business Research Company 40
List of tables
Table 1: Global Contract Research Organizations (Cro) Market – Market Snapshot 7
Table 2: R&D Spending Per New Drug, By Company 10
Table 3:Total Number Of Drugs Going Off-Patent 11
Table 4: Some Of The Key Strategic Alliances Between Biopharmaceutical Companies And
Cros 16
Table 5: Key M&A Deals In CRO Industry 16
Table 6: Global CRO Market, Type Of Services, 2012 – 2020f, $ Billion 21
Table of figures
Figure 1: Global CRO Market, Split By Segment 5
Figure 2: Global CRO Market, Drug Discovery & Development Process 8
Figure 3: Global CRO Market, Market Dynamics 9
Figure 4: Global CRO Market, Value Chain Analysis 13
Figure 5: Global CRO Market, Porters Five Forces Analysis 14
Figure 6: Global CRO Market, 2014, Competitive analysis 18
Figure 7: Global CRO Market, List Of Contract Research Organizations By Market Segment
And Service Offerings 19
Figure 8: Global Contract Research Organizations Market, 2012 - 2020f, $ Billion 21
Figure 9: Global Drug Discovery Services Outsourcing Market, 2012 - 2020f, $ Billion 22
Figure 10: Global Contract Pre-Clinical Studies Outsourcing Market, 2012 - 2020f, $ Billion 22
Figure 11: Global Contract Early Phase I-IIa Services Outsourcing Market, 2012 - 2020f, $
Billion 23
Figure 12: Global CRO Market, Phase IIa-III Services Outsourcing Market, 2012 - 2020f, $Billion 23
Figure 13: Global CRO Market, Phase IIIb-IV Services Outsourcing Market, 2012 - 2020f, $
Billion 24
Figure 14: Global CRO Outsourcing Market, For Other Services, 2012 - 2020f, $ Billion 24
Figure 15: Global CRO Market, By Therapeutic Areas, 2014, Percentage (%) Share 25
Figure 16: North America CRO Market, 2012 - 2020f, $ Billion 27
Figure 17:Europe CRO Market, 2012 - 2020f, $ Billion 28
Figure 18: Asia-Pacific CRO Market, 2012 - 2020f, $ Billion 28
Figure 19: Rest Of The World CRO Market, 2012 - 2020f, $ Billion 29
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Buy Now
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into this market. The report is priced at $4000 for an individual user. To use across your
office the price is $6000 and $8000 if you wish to use across a multinational company.
Clients are able to input on the design of the report and highlight points of special interest.
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