CRO stands for contract research organization which provides research services to a biotechnology, medical devices and pharmaceutical companies on a contract basis. It provides numerous services such as biologic test development, clinical research, biopharmaceutical advancement, clinical trials administrations, preclinical research and commercialization.

Pune, India -- (SBWire) -- 02/27/2018 --Global contract research organization (CROs) services market is expected to reach USD 42.0 billion by 2024, at a CAGR of 7.5% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Segmentation:
On the basis of type of services, the contract research organization (CROs) services market is segmented into clinical research services, early-phase development services, and laboratory services. Clinical research services are sub segmented into 1, phase 2, phase 3 and phase 4. Early-phase development services are sub segmented into discovery studies, chemistry, manufacturing, & control (CMC) and preclinical services. Preclinical services are further sub categorized into pharmacokinetics/ pharmacodynamics (pk/pd), toxicology testing services and others.Laboratory services are sub segmented into bioanalytical testing services and analytical testing services. Analytical testing services are further sub segmented into physical characterization, raw material testing, batch-release testing and stability testing.

On the basis of therapeutic area, the contract research organization (CROs) services market is segmented into oncology, cardiovascular, central nervous system (CNS), respiratory and
diabetes.

On the basis of end users, contract research organization (CROs) services market is segmented into pharmaceutical and biopharmaceutical companies, medical device companies and academic institutes.

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On the basis of geography, contract research organization (CROs) services market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Contract Research Organization (CROs) Services Market Report provides Comprehensive Analysis of
Evolving market trends and dynamics

Changing supply and demand scenarios

Quantifying market opportunities through market sizing and market forecasting

Tracking current trends/opportunities/challenges

Competitive insights

Opportunity mapping in terms of technological breakthroughs

Key market segments and sub-segments

Some of the Major Players of Market
Some of the major players operating in contract research organization (CROs) services market are Quintiles IMS., American Preclinical Services, Pharmaceutical Product Development, LLC, BTS Research, ICON Plc, Laboratory Corporation Of America Holdings, Chiltern International Ltd., PAREXEL International Corporation, PRA Health Sciences, Inc., WuXi App Tech, InVentiv Health, INC Research Holdings Inc., Charles River Laboratories International Inc. among others.

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