(Health-NewsWire.Net, February 10, 2016 ) The increasing R&D investments from pharmaceutical companies and extensive drug pipelines for the treatment of various chronic diseases, such as immunological disorders, metabolic disorders, and neurological disorders, are the predominant growth drivers for the global contract research organization (CRO) market. Additionally, the increasing outsourcing of pharmaceutical and biopharmaceutical R&D activities, high failure rate of drug clinical trials, and low cost of conducting clinical trials in emerging countries are also driving the growth of the market. The growing numbers of mergers and acquisitions is a key trend observed in the market. Among the various end-user segments of CRO, the last-stage development service accounted for the largest and fastest growing segment in the global market.
For more information visit: https://www.psmarketresearch.com/market-analysis/contract-research-organization-market
The major services offered by CROs include preclinical research, biologic assay development, biopharmaceutical and pharmaceutical development, commercialization, clinical trials management, and clinical research. These organizations also provide support to research organizations, academic institutes, and government organizations.
Browse related market research at: https://www.psmarketresearch.com/industry-report/healthcare
North America and Europe are the major markets, due to increasing prevalence of chronic diseases, and improved research infrastructure in these regions. The U.S. followed by Canada, is the largest market for CRO in North America. Whereas, the U.K., Germany, and France are some of the major countries holding significant share in the European market. The Asian market is growing with a significant rate, owing to increasing prevalence of chronic diseases, and growing demand of innovative and advanced pharmaceutical and biopharmaceutical products in the region.
Apart from these regions, Latin America is another important market. This is due to improving research infrastructure and growing demand of novel pharmaceutical and biopharmaceutical drugs in the region. Brazil holds the largest share in the Latin American market, due to the increasing R&D activities in the country.
Some of the major players operating in the global CRO market include WuXi AppTec, Viva Biotech, Ltd., TCG Lifesciences Pvt. Ltd., Sygnature Discovery Ltd., Sundia MediTech Company Ltd., Shanghai Medicilon Inc., ChemPartner, Selvita S.A., Selcia Ltd., Scynexis Inc., Ricerca Biosciences LLC, Pharmaron Inc., Nanosyn Inc., Jubilant Biosys Ltd., Hutchison MediPharma Ltd., Graffinity Pharmaceuticals GmbH, Albany Molecular Research Inc., Argenta Discovery Ltd., Aptuit LLC, Asclepia MedChem Solutions, AsisChem Inc., Caliper Life Sciences, CreaGen Biosciences Inc., Chemical Diversity Inc., BioDuro, Emerald Biostructures, and Jubilant Biosys Ltd.
CRO Market Segmentation By End-User Early-Stage Development Services Last-Stage Development Services By Geography North America o U.S. o Canada Europe o Germany o France o U.K. o Spain o Italy Asia o Japan o China o India Latin America o Brazil Rest of the World
About P&S Market Research
P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries. With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
Contact: Abhishek Executive – Client Partner 347, 5th Ave. #1402 New York City, NY - 10016 Toll-free: +1-888-778-7886 (USA/Canada) Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com
P&S Market Research
Abhishek
1-888-778-7886
enquiry@psmarketresearch.com
Source: EmailWire.Com
|