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Contract Pharmaceutical Research Services: Market Research Report

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

Contract Pharmaceutical Research Services Market Research Report | NAICS OD4176 | Oct 2016

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

IBISWorld’s Contract Pharmaceutical Research Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 11-16
9.3%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
26,991
Businesses
1,963
Industry Threats & Opportunities
  • The changing landscape of drug development has spurred the industry’s burgeoning growth
  • Niche operators that offer highly specialized services have claimed strong market positions
  • Healthcare reform will encourage the development of generic drugs
  • ... purchase to read more

Industry Analysis & Industry Trends

The Contract Pharmaceutical Research Services industry provides a breadth of research and development (R&D) services to manufacturers in the pharmaceutical industries. In the past five years, brand-name drug producers have faced increasing threats from generic brands due to patent expirations. Additionally, increased regulation and emergent health economics and outcomes research have pressured pharmaceutical companies to control costs and increase research efficiency. The industry is poised for continued growth in the five years to 2021. During this time, healthcare reform will expand the pharmaceutical industry's total market and increased approvals for generic brands will continue to pressure branded drug manufacturers... ... purchase to read more

Industry Report - Industry Investment Chapter

The industry exhibits low to moderate capital intensity. In 2016, for every dollar spent on labor, industry operators are expected to spend $0.12 on capital expenditure, decreasing from $0.13 in 2011. 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. In .. ... purchase to read more

Additional Insights for the Contract Pharmaceutical Research Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Contract Pharmaceutical Research Services Industry are

  • Access to highly skilled workforce
  • Having a good reputation
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Demand from brand name pharmaceutical manufacturing in the Contract Pharmaceutical Research Services industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    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


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Demand from brand name pharmaceutical manufacturing
  • Regulation for the Brand Name Pharmaceutical Manufacturing industry
  • Total health expenditure
  • Demand from generic pharmaceutical manufacturing
  • Current Performance
  • Key trends in downstream pharmaceutical industries drive demand
  • Merger and acquisition activity picks up
  • An increasingly globalized industry
  • Chart: Revenue Growth
  • Industry Outlook
  • Healthcare reform and generics boost demand from brand-name drug producers
  • A greater share of R&D spending
  • Acquisitions accelerate, globalization threatens the domestic industry
  • Table: Contract Pharmaceutical Research Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Contract Pharmaceutical Research Services Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Key Selling Industries
  • Chemical Wholesaling
  • Commercial Leasing
  • Computer & Packaged Software Wholesaling
  • Computer Stores
  • Laboratory Supply Wholesaling
  • Medical Supplies Wholesaling
  • Office Supply Stores
  • Products & Services
  • Phase II-IV
  • Preclinical
  • Phase I
  • Central lab
  • Other
  • Chart: Contract Pharmaceutical Research Services Industry Products and Services Segmentation
  • Demand Determinants
  • R&D
  • Outsourcing
  • Major Markets
  • Brand Name Pharmaceutical Manufacturers
  • Generic Pharmaceutical Manufacturers
  • Chart: Major Market Segmentation for the Contract Pharmaceutical Research Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Contract Pharmaceutical Research Services
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Contract Pharmaceutical Research Services Industry
  • Industry Globalization
    Major Companies
    Quintiles Transnational Holdings Inc.
    Paraxel International
  • Table: Quintiles Transnational Holdings Inc. - financial performance
  • Table: Paraxel International - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Contract Pharmaceutical Research Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Contract Pharmaceutical Research Services Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Research and development expenditure (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Biosimilar
  • A drug derived from living organisms and marketed after the patent expiration of similar therapies; also known as flow-on biologics or biogenerics.
  • Cro
  • Abbreviation for contract research organization
  • Patent Cliff
  • A phenomenon wherein revenue for brand name pharmaceuticals drop as the patents for high-profile drugs expire.
  • Pharmacovigilance
  • Drug safety; activities related to the detection, assessment and prevention of adverse drug effects.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Contract Pharmaceutical Research Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Contract Pharmaceutical Research Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Contract Pharmaceutical Research Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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