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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 | Mar 2015

Doctor approved: The shifting landscape in drug production has facilitated rapid industry growth

IBISWorld’s Contract Pharmaceutical Research Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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
$9bn
Annual Growth 10-15
9.4%
Annual Growth 15-20
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Profit
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Employment
14,291
Businesses
221
Industry Analysis & Industry Trends

The Contract Pharmaceutical Research Services industry experienced hefty growth in the past five years. Moreover, the industry is anticipated to continue its growth streak in the five years to 2020. Rising global competition during this time will limit revenue growth from achieving the double-digit rates that the industry enjoyed in the previous five years. Still, the industry's rise to prominence will transform drug development and production, securing its place in the pharmaceutical value chain.... purchase to read more

Industry Report - Industry Analysis Chapter

Operators in the Contract Pharmaceutical Research Services industry provide a breadth of research and development services to downstream clients in the pharmaceutical industries. In an effort to control costs, achieve greater research productivity and reduce risk, drug manufacturers are increasingly outsourcing their research and development (R&D) functions to industry operators, also referred to as contract research organizations (CRO). In addition, CROs offer drug development expertise and capabilities not found internally, allowing drug developers to scale production more quickly and bring their products to the market.

The advantages offered by CROs have precipitated rapid industry growth in the past five years... 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 analysisConduct preclinical trialsConduct early-stage and late-stage clinical trialsProvide consulting services related to regulation Provide pharmacovigilance


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