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Contract Pharmaceutical Research Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Contract Pharmaceutical Research Services Market Research Report | Life Sciences | Laboratory Services | Apr 2014

Doctor approved: The industry will continue strong growth as testing of new drugs continues

IBISWorld’s Contract Pharmaceutical Research Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Covance Inc. Covance Inc. market share
Paraxel International Paraxel International market share
Quintiles Transnational Quintiles Transnational market share
Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 09-14
10.6%
Annual Growth 14-19
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Profit
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Employment
13,776
Businesses
219
Industry Analysis & Industry Trends

The Contract Pharmaceutical Research Services industry experienced hefty growth in the five years to 2014. Growth will slow slightly in the five years to 2019, but not enough to harm the industry. This is because pharmaceutical companies will continue to fund research and development to find effective new drugs.... purchase to read more

Industry Report - Industry Investment Chapter

The industry exhibits moderate capital intensity. In 2014, for every dollar spent on labor, industry operators are expected to spend $0.30 on capital expenditure, decreasing only slightly from $0.33 in 2009. The industry's capital spending is typically focused on laboratory equipment purchases, including analytical balances, centrifuges, freezers and refrigeration systems, reaction calorimeters and titrators. Industry operators are increasingly investing in analytics software programs and cloud platforms to enhance their data organization and management. CROs continue to rely heavily on a highly skilled labor pool, employing healthcare and pharmaceutical professionals that often have advanced degrees in the life sciences and extensive clinical research training... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Contract Pharmaceutical Research Services Industry?

The industry provides a range of research and development services to pharmaceutical manufacturers, including laboratory testing, preclinical and clinical trials, commercialization and post-market surveillance.

Industry Products
Central labPhase IPreclinicalPhase II-IV
 
Industry Activities
Conduct laboratory testing and biostatistical anlaysisConduct preclinical trialsConduct early-stage and late-stage clinical trialsProvide consulting services related to regulation Provide pharmacovigilance


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