Overview

IBISWorld’s Contract Research Organization Services procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Contract Research Organization Services to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Contract Research Organization Services - Recent Price Trend

The price of CRO services has been increasing at an estimated average annual rate of 2.7% in the three years to 2017. Surging demand and rising labor costs have primarily contributed to this price growth. Market fragmentation and stiff competition have prevented any price swings during the period.During the past three years, demand for outsourced clinical trials performed by CROs has picked up as...

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Contract Research Organization Services - Total Cost of Ownership

There are no direct hidden costs associated with procuring CRO services, resulting in a low total cost of ownership. However, buyers should be aware of the indirect hidden costs potentially related to these services. Hidden costs can arise when contracts are unclear about the deliverables of a given project. To avoid these costs, buyers should draft a clear and thorough contract. Generally,...

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About this Report

This report is intended to assist buyers of contract research organization (CRO) services. Suppliers are referred to as CROs and buyers are pharmaceutical, biotechnology and medical device companies that outsource research. CROs perform physical, chemical and other analytical testing for commercial purposes that occurs in a laboratory or onsite (i.e. where the product is manufactured or developed). Most results from market-led tests are checked against government regulations and environmental, industrial and product standards. This report excludes medical and veterinary testing labs.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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