Healthcare CRO Market Insights, Global Outlook and Forecast 2022-2028
Healthcare CRO Market Insights, Global Outlook and Forecast 2022-2028
Healthcare CRO Market by End User (Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, Other End Users), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast - is a comprehensive report that provides insights into the market dynamics, including the key drivers, challenges, and opportunities shaping the industry landscape. It also delves into the competitive landscape, highlighting the major players and their strategies.
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Contract research organizations (CROs) have transformed the way research are conducted by several pharmaceutical, biotechnology, and medical devices companies in ways more than one. These organizations offer a variety of services such as biopharmaceutical development, clinical trials conduct and other endeavors, drug discovery activities, product commercialization, assay development, and pharmacovigilance. The intensifying demand for new therapies and devices has mounted pressures on research and development (R&D) budgets of these organizations.
The latest research study released by Market IntelliX evaluates market size and forecasts of Healthcare CRO in Global, including the following market information:
Global Healthcare CRO Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Healthcare CRO market was valued at 43250 million in 2021 and is projected to reach US$ 62680 million by 2028, at a CAGR of 5.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Early Phase Development Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Healthcare CRO include Quintiles Transnational Holdings, Laboratory Corporation Of America Holdings, Pharmaceutical Product Development, PAREXEL International, ICON plc, PRA Health Sciences, InVentiv Health, Charles River Laboratories and INC Research Holdings and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the Healthcare CRO companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global Healthcare CRO Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Healthcare CRO Market Segment Percentages, by Type, 2021 (%)
Early Phase Development
Clinical Research
Laboratory
Consulting Services
Global Healthcare CRO Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Healthcare CRO Market Segment Percentages, by Application, 2021 (%)
Biopharmaceutical Companies
Academic and Research Institutes
Others
Global Healthcare CRO Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Healthcare CRO Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Healthcare CRO revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Healthcare CRO revenues share in global market, 2021 (%)
The report presents profiles of competitors in the market, Some of the prominent key players covered:
Quintiles Transnational Holdings
Laboratory Corporation Of America Holdings
Pharmaceutical Product Development
PAREXEL International
ICON plc
PRA Health Sciences
InVentiv Health
Charles River Laboratories
INC Research Holdings
Wuxi PharmaTech
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 Healthcare CRO Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Healthcare CRO Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Healthcare CRO Overall Market Size
2.1 Global Healthcare CRO Market Size: 2021 VS 2028
2.2 Global Healthcare CRO Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Healthcare CRO Players in Global Market
3.2 Top Global Healthcare CRO Companies Ranked by Revenue
3.3 Global Healthcare CRO Revenue by Companies
3.4 Top 3 and Top 5 Healthcare CRO Companies in Global Market, by Revenue in 2021
3.5 Global Companies Healthcare CRO Product Type
3.6 Tier 1, Tier 2 and Tier 3 Healthcare CRO Players in Global Market
3.6.1 List of Global Tier 1 Healthcare CRO Companies
3.6.2 List of Global Tier 2 and Tier 3 Healthcare CRO Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global Healthcare CRO Market Size Markets, 2021 & 2028
4.1.2 Early Phase Development
4.1.3 Clinical Research
4.1.4 Laboratory
4.1.5 Consulting Services
4.2 By Type - Global Healthcare CRO Revenue & Forecasts
4.2.1 By Type - Global Healthcare CRO Revenue, 2017-2022
4.2.2 By Type - Global Healthcare CRO Revenue, 2023-2028
4.2.3 By Type - Global Healthcare CRO Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Healthcare CRO Market Size, 2021 & 2028
5.1.2 Biopharmaceutical Companies
5.1.3 Academic and Research Institutes
5.1.4 Others
5.2 By Application - Global Healthcare CRO Revenue & Forecasts
5.2.1 By Application - Global Healthcare CRO Revenue, 2017-2022
5.2.2 By Application - Global Healthcare CRO Revenue, 2023-2028
5.2.3 By Application - Global Healthcare CRO Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global Healthcare CRO Market Size, 2021 & 2028
6.2 By Region - Global Healthcare CRO Revenue & Forecasts
6.2.1 By Region - Global Healthcare CRO Revenue, 2017-2022
6.2.2 By Region - Global Healthcare CRO Revenue, 2023-2028
6.2.3 By Region - Global Healthcare CRO Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America Healthcare CRO Revenue, 2017-2028
6.3.2 US Healthcare CRO Market Size, 2017-2028
6.3.3 Canada Healthcare CRO Market Size, 2017-2028
6.3.4 Mexico Healthcare CRO Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe Healthcare CRO Revenue, 2017-2028
6.4.2 Germany Healthcare CRO Market Size, 2017-2028
6.4.3 France Healthcare CRO Market Size, 2017-2028
6.4.4 U.K. Healthcare CRO Market Size, 2017-2028
6.4.5 Italy Healthcare CRO Market Size, 2017-2028
6.4.6 Russia Healthcare CRO Market Size, 2017-2028
6.4.7 Nordic Countries Healthcare CRO Market Size, 2017-2028
6.4.8 Benelux Healthcare CRO Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia Healthcare CRO Revenue, 2017-2028
6.5.2 China Healthcare CRO Market Size, 2017-2028
6.5.3 Japan Healthcare CRO Market Size, 2017-2028
6.5.4 South Korea Healthcare CRO Market Size, 2017-2028
6.5.5 Southeast Asia Healthcare CRO Market Size, 2017-2028
6.5.6 India Healthcare CRO Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America Healthcare CRO Revenue, 2017-2028
6.6.2 Brazil Healthcare CRO Market Size, 2017-2028
6.6.3 Argentina Healthcare CRO Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Healthcare CRO Revenue, 2017-2028
6.7.2 Turkey Healthcare CRO Market Size, 2017-2028
6.7.3 Israel Healthcare CRO Market Size, 2017-2028
6.7.4 Saudi Arabia Healthcare CRO Market Size, 2017-2028
6.7.5 UAE Healthcare CRO Market Size, 2017-2028
7 Players Profiles
7.1 Quintiles Transnational Holdings
7.1.1 Quintiles Transnational Holdings Corporate Summary
7.1.2 Quintiles Transnational Holdings Business Overview
7.1.3 Quintiles Transnational Holdings Healthcare CRO Major Product Offerings
7.1.4 Quintiles Transnational Holdings Healthcare CRO Revenue in Global Market (2017-2022)
7.1.5 Quintiles Transnational Holdings Key News
7.2 Laboratory Corporation Of America Holdings
7.2.1 Laboratory Corporation Of America Holdings Corporate Summary
7.2.2 Laboratory Corporation Of America Holdings Business Overview
7.2.3 Laboratory Corporation Of America Holdings Healthcare CRO Major Product Offerings
7.2.4 Laboratory Corporation Of America Holdings Healthcare CRO Revenue in Global Market (2017-2022)
7.2.5 Laboratory Corporation Of America Holdings Key News
7.3 Pharmaceutical Product Development
7.3.1 Pharmaceutical Product Development Corporate Summary
7.3.2 Pharmaceutical Product Development Business Overview
7.3.3 Pharmaceutical Product Development Healthcare CRO Major Product Offerings
7.3.4 Pharmaceutical Product Development Healthcare CRO Revenue in Global Market (2017-2022)
7.3.5 Pharmaceutical Product Development Key News
7.4 PAREXEL International
7.4.1 PAREXEL International Corporate Summary
7.4.2 PAREXEL International Business Overview
7.4.3 PAREXEL International Healthcare CRO Major Product Offerings
7.4.4 PAREXEL International Healthcare CRO Revenue in Global Market (2017-2022)
7.4.5 PAREXEL International Key News
7.5 ICON plc
7.5.1 ICON plc Corporate Summary
7.5.2 ICON plc Business Overview
7.5.3 ICON plc Healthcare CRO Major Product Offerings
7.5.4 ICON plc Healthcare CRO Revenue in Global Market (2017-2022)
7.5.5 ICON plc Key News
7.6 PRA Health Sciences
7.6.1 PRA Health Sciences Corporate Summary
7.6.2 PRA Health Sciences Business Overview
7.6.3 PRA Health Sciences Healthcare CRO Major Product Offerings
7.6.4 PRA Health Sciences Healthcare CRO Revenue in Global Market (2017-2022)
7.6.5 PRA Health Sciences Key News
7.7 InVentiv Health
7.7.1 InVentiv Health Corporate Summary
7.7.2 InVentiv Health Business Overview
7.7.3 InVentiv Health Healthcare CRO Major Product Offerings
7.7.4 InVentiv Health Healthcare CRO Revenue in Global Market (2017-2022)
7.7.5 InVentiv Health Key News
7.8 Charles River Laboratories
7.8.1 Charles River Laboratories Corporate Summary
7.8.2 Charles River Laboratories Business Overview
7.8.3 Charles River Laboratories Healthcare CRO Major Product Offerings
7.8.4 Charles River Laboratories Healthcare CRO Revenue in Global Market (2017-2022)
7.8.5 Charles River Laboratories Key News
7.9 INC Research Holdings
7.9.1 INC Research Holdings Corporate Summary
7.9.2 INC Research Holdings Business Overview
7.9.3 INC Research Holdings Healthcare CRO Major Product Offerings
7.9.4 INC Research Holdings Healthcare CRO Revenue in Global Market (2017-2022)
7.9.5 INC Research Holdings Key News
7.10 Wuxi PharmaTech
7.10.1 Wuxi PharmaTech Corporate Summary
7.10.2 Wuxi PharmaTech Business Overview
7.10.3 Wuxi PharmaTech Healthcare CRO Major Product Offerings
7.10.4 Wuxi PharmaTech Healthcare CRO Revenue in Global Market (2017-2022)
7.10.5 Wuxi PharmaTech Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
Research Methodology:
Healthcare CRO Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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