Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 47.46 Billion | USD 84.36 Billion | 6.6% | 2023 |
List of Figures
1. Global Healthcare Contract Research Outsourcing Market Segmentation by Service, Therapeutic Area, End-User and Geography
2. Global Healthcare Contract Research Outsourcing Market, 2018-2026 (USD Billion)
3. Porter’s Five Forces Analysis: Healthcare Contract Research Outsourcing Market
4. Global Healthcare Contract Research Outsourcing Market Attractiveness, by Service
5. Global Healthcare Contract Research Outsourcing Market Attractiveness, by Therapeutic Area
6. Global Healthcare Contract Research Outsourcing Market Attractiveness, by End-User
7. Global Healthcare Contract Research Outsourcing Market Attractiveness, by Regional
8. Global Healthcare Contract Research Outsourcing Market Revenue Share, by Service, 2019 & 2026 (USD Billion)
9. Global Healthcare Contract Research Outsourcing Market by Clinical Trial Services, 2016 – 2026 (USD Billion)
10. Global Healthcare Contract Research Outsourcing Market by Clinical Data Management & Biometrics, 2016 – 2026 (USD Billion)
11. Global Healthcare Contract Research Outsourcing Market by Pharmacovigilance, 2016 – 2026 (USD Billion)
12. Global Healthcare Contract Research Outsourcing Market by Regulatory Services, 2016 – 2026 (USD Billion)
13. Global Healthcare Contract Research Outsourcing Market by Medical Writing, 2016 – 2026 (USD Billion)
14. Global Healthcare Contract Research Outsourcing Market by Site Management Protocol, 2016 – 2026 (USD Billion)
15. Global Healthcare Contract Research Outsourcing Market by Others, 2016 – 2026 (USD Billion)
16. Global Healthcare Contract Research Outsourcing Market Revenue Share, by Therapeutic Area, 2019 & 2026 (USD Billion)
17. Global Healthcare Contract Research Outsourcing Market by Oncology/Hematology, 2016 – 2026 (USD Billion)
18. Global Healthcare Contract Research Outsourcing Market by Respiratory, 2016 – 2026 (USD Billion)
19. Global Healthcare Contract Research Outsourcing Market by Central Nervous System (CNS), 2016 – 2026 (USD Billion)
20. Global Healthcare Contract Research Outsourcing Market by Cardiovascular (CV)/Metabolic, 2016 – 2026 (USD Billion)
21. Global Healthcare Contract Research Outsourcing Market by Rare Diseases, 2016 – 2026 (USD Billion)
22. Global Healthcare Contract Research Outsourcing Market by Infectious Diseases, 2016 – 2026 (USD Billion)
23. Global Healthcare Contract Research Outsourcing Market by Immunology, 2016 – 2026 (USD Billion)
24. Global Healthcare Contract Research Outsourcing Market by Others, 2016 – 2026 (USD Billion)
25. Global Healthcare Contract Research Outsourcing Market Revenue Share, by End-User, 2019 & 2026 (USD Billion)
26. Global Healthcare Contract Research Outsourcing Market by Pharmaceutical Companies, 2016 – 2026 (USD Billion)
27. Global Healthcare Contract Research Outsourcing Market by Medical Devices, 2016 – 2026 (USD Billion)
28. Global Healthcare Contract Research Outsourcing Market by Biotechnology Companies, 2016 – 2026 (USD Billion)
29. Global Healthcare Contract Research Outsourcing Market by Government Organizations, 2016 – 2026 (USD Billion)
30. Global Healthcare Contract Research Outsourcing Market by Academic Institutes, 2016 – 2026 (USD Billion)
31. Global Healthcare Contract Research Outsourcing Market Revenue Share, by Region, 2018-2026 (USD Billion)
32. North America Healthcare Contract Research Outsourcing Market, 2016-2026, (USD Billion)
33. Europe Healthcare Contract Research Outsourcing market, 2016-2026, (USD Billion)
34. Asia Pacific Healthcare Contract Research Outsourcing Market, 2016-2026(USD Billion)
35. Latin America Healthcare Contract Research Outsourcing Market, 2016 – 2026 (USD Billion)
36. Middle East & Africa Healthcare Contract Research Outsourcing Market, 2016 – 2026, (USD Billion)
List of Tables
1. Global Healthcare Contract Research Outsourcing market snapshot
2. Drivers for Healthcare Contract Research Outsourcing market: Impact analysis
3. Restraints of Healthcare Contract Research Outsourcing market: Impact analysis
4. North America Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
5. North America Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
6. North America Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
7. U.S. Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
8. U.S. Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
9. U.S. Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
10. Canada Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
11. Canada Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
12. Canada Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
13. Mexico Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
14. Mexico Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
15. Mexico Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
16. Europe Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
17. Europe Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
18. Europe Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
19. UK Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
20. UK Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
21. UK Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
22. France Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
23. France Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
24. France Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
25. Germany Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
26. Germany Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
27. Germany Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
28. Italy Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
29. Italy Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
30. Italy Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
31. Spain Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
32. Spain Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
33. Spain Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
34. Russia Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
35. Russia Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
36. Russia Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
37. Rest of Europe Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
38. Rest of Europe Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
39. Rest of Europe Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
40. Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
41. Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
42. Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
43. China Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
44. China Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
45. China Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
46. Japan Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
47. Japan Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
48. Japan Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
49. India Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
50. India Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
51. India Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
52. Australia Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
53. Australia Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
54. Australia Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
55. South Korea Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
56. South Korea Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
57. South Korea Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
58. Rest of Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
59. Rest of Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
60. Rest of Asia Pacific Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
61. Latin America Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
62. Latin America Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
63. Latin America Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
64. Brazil Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
65. Brazil Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
66. Brazil Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
67. Argentina Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
68. Argentina Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
69. Argentina Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
70. Rest of Latin America Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
71. Rest of Latin America Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
72. Rest of Latin America Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
73. Middle East & Africa Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
74. Middle East & Africa Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
75. Middle East & Africa Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
76. GCC Countries Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
77. GCC Countries Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
78. GCC Countries Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
79. South Africa Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
80. South Africa Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
81. South Africa Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
82. Rest of MEA Healthcare Contract Research Outsourcing Market Revenue, By Service, 2016 – 2026 (USD Billion)
83. Rest of MEA Healthcare Contract Research Outsourcing Market Revenue, By Therapeutic Area, 2016 – 2026 (USD Billion)
84. Rest of MEA Healthcare Contract Research Outsourcing Market Revenue, By End-User, 2016 – 2026 (USD Billion)
FrequentlyAsked Questions
Healthcare providers often outsource drug manufacturing functions to CRO's to use development capabilities globally, effectively and efficiently. CROs' clinical, therapeutic and regulatory insight aims to strengthen the full production cost and speed up the time to lookout for a new product. CROs have grown broader and vastly more diversified across numerous therapeutic functions and areas, extending their penetration. CROs are expected to grow globally and add competencies in new therapeutic areas, thus boosting their current services beyond conventional clinical capabilities, including commercial, post-approval, informatics among other auxiliary offerings where low outsourced penetration has been observed, further growing demand for CROs, and driving increased outsourcing demand.
The healthcare contract research outsourcing market is expected to witness significant growth during the forecast period, driven by increased investment from small to medium-sized companies in pharmaceutical, medical devices, and biotechnology that will lead organizations to opt for CRO services, with attention to niche market. Small pharmaceutical firms are looking for innovations in production process by CRO services due to increased demand for new drugs and patent expiry. Outsourcing also enhances global scope with respect to drug production at low maintenance costs, as CROs are well aligned with regulatory criteria in different regions to boost the growth of the outsourcing market for healthcare contract research.
global Healthcare Contract Research Outsourcing Market, estimating its value at USD 47.46 Billion in 2023, with projections indicating that it will reach USD 84.36 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.6% over the forecast period 2024-2032
By Geography, the healthcare contract research outsourcing market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.
North America has dominated the global market and is expected to lose marginally its market share in the coming years. The demand in North America is mainly powered by advanced clinical research site facilities and effective government incentive schemes in the United States. In addition, expanded access to advanced technology and therapeutic knowledge is expected to fuel the growth of clinical trial services in the United States during the forecast period.
In Europe, the rise in the demand for healthcare contract research organizations services is mainly due to the growing number of clinical trials and increased spending on research and development and outsourcing activities. Factors such as rigid drug approval laws impede the development of the market. In addition, the growing demand for biosimilars and biologics and the development of research technology are likely to accelerate the growth of the healthcare contract research services market during the forecast period.
Asia Pacific is expected to be the most lucrative market for healthcare contract research outsourcing with the maximum attractiveness index. The market in the Asia-Pacific region is expected to grow at a fastest rate during the forecast period. The large patient population in emerging countries such as China and India, firmly-established data integrity regulations and strong healthcare IT budgets in countries such as Taiwan, Japan, Malaysia, South Korea, Singapore, etc., are the factors driving market demand in Asia Pacific. The Latin American market is set to expand at a moderate growth rate during the forecast period.
The major players in the global healthcare contract research outsourcing market include Syneos Health, PRA Health Sciences, Inc., IQVIA, ICON PLC, PAREXEL International, Laboratory Corporation of America Holdings, Medpace, Charles River, and Pharmaceutical Product Development, LLC, among others.
On the basis of services, the global market is categorized into clinical trial services, clinical data management & biometrics, pharmacovigilance, regulatory services, medical writing, site management protocol, and others. The most popular outsourced services rendered by healthcare firms are clinical trials, due to the globalization of clinical trials and the lack of therapeutic experience in the unexplored niche market for new drug growth. However, due to the increased strictness of regulatory bodies, complex regulatory processes and changing regulatory criteria, the outsourcing of regulatory services is increasing. Due to increased monitoring by regulatory bodies such as the FDA and European Medicines Agency (EMA) at every step of clinical trial and changing regulatory standards according to the region, the outsourcing of regulatory services is expected to increase. By therapeutic area, the global healthcare contract research outsourcing is categorized into oncology/hematology, CNS, respiratory, immunology, CV/metabolic, rare diseases, infectious diseases, and others. The oncology/hematology therapeutic category is expected to lead the market in terms of revenue in the coming years, due to factors such as enormous unmet treatment needs, a strong product pipeline, intensified competition and rising oncology incidence. The multiple benefits available by outsourcing of oncology/hematology related services have led to a key segment share in the global market.
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