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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Products Chapter

Early-stage development

Before the initiation of human clinical trials can take place, preclinical services are designed to identify candidates, develop procedures, select formulation, determine exposure and support the clinical trial design. Early stage pharmacology studies attempt to characterize the underlying mechanism and features of a compound, such as its strengths, weaknesses, toxicity, bioactivity, safety and efficacy. During this stage, an Investigative New Drug (IND) application is prepared and plans for clinical trials are suggested and launched. The experimental therapy is then tested in laboratories and animal studies. If they meet the safety and efficacy requirements of the regulatory bodies, the candidate moves into phase I of clinical development... 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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