North America Contract Research Organization (CRO) Market Segments and Growth by 2025

Historic Data: 2015-2016 | Base Year: 2017 | Forecast Period: 2018-2025

North America Contract Research Organization (CRO) Market to 2025 - Regional Analysis and Forecasts by Type (Early Phase Development Services, Clinical Research Services, Laboratory Services, Post-Approval Services); End User (Pharmaceutical & Biotechnology Companies and Medical Device Companies) and Country

Report Date : Apr 2019
Report Code : TIPRE00004300

Category : Life Sciences
Status : Published

Available Report Formats :
No. of Pages : 150

Page Updated: May 2019

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The North America contract research organization (CRO) market is expected to reach US$ 30.7 Bn in 2025 from US$ 16.3 Bn in 2017. The market is estimated to grow with a CAGR of 8.4% from 2018-2025.

The growth of the Contract Research Organization (CRO) market is driven by the factors such as, increasing R&D expenditures and outsourcing activities and rise in the number of clinical trials. However, the market is likely to get impacted due to dearth of skilled professionals and regional competition in the CRO services market, in the region.

Pharmaceutical and biotech companies are focusing on the research and development (R&D) to come up with new molecules for various therapeutic applications with the greatest medical and commercial potential. The companies invest majorly on the R&Ds with the aim of delivering high quality and innovative products to the market. R&D spending by the biopharmaceutical companies has also increased over the years. According to a report of Pharmaceutical Research and Manufacturers of America (PhRMA), the R&D expenditure of the biopharmaceutical companies has increased from US$ 49.6 Bn 2012 to US$ 58.8 Bn in 2015. Research and development expenditures relate to the processes of discovering, testing and developing new products, upfront payments and milestones, improving existing products, as well as demonstrating product efficacy and regulatory compliance prior to launch. According to the International Federation of Pharmaceutical Manufacturers & Associations, the R&D expenditures in 2014 by the pharmaceuticals and biotechnology industry grew by approximately 8.7% than that of the expenditures in 2013. Moreover, in United States, investments for R&D by pharmaceutical companies had grown consistently over the last 15 years. The intensity for R&D by the companies in Japan accounted for about 13.3%, in US it accounted approximately 17% and in the European Union it was registered to be approximately 13% in the year 2014. Therefore, the pharmaceutical and biotech companies prefer to outsource the services to the contract research organizations (CROs) in order to save the cost and time which is expected to drive the growth of the market.

US is expected to lead the market in the North America region owing to increasing expenditure of research and development expenditures in the country. The confrontation of biotechnology and pharmaceutical companies to lower the drug development costs is expected to propel the CROs market in the US. Moreover, the presence of top revenue generating pharmaceutical companies in the US that have capability to invest a large amount in R&D is also expected to boost the growth of CROs in the US. Therefore, considering the above mentioned factors the growth of the market in the country is likely to contribute largest share in the North America region during the forecast period.

Mexico Contract Research Organization (CRO) Market Revenue and Forecasts to 2025 (US$ Mn)

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This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

NORTH AMERICA CONTRACT RESEARCH ORGANIZATION (CRO) – MARKET SEGMENTATION

NORTH AMERICA CONTRACT RESEARCH ORGANIZATION (CRO) – By Type

Clinical Research Services
Early Phase Development Services
Laboratory Services
Post-Approval Services

NORTH AMERICA CONTRACT RESEARCH ORGANIZATION (CRO) – By End User

Pharmaceutical & Biotechnology Companies
Medical Device Companies

NORTH AMERICA CONTRACT RESEARCH ORGANIZATION (CRO) – By Geography

• North America

US
Canada
Mexico

Company Profiles

IQVIA
Laboratory Corporation of America Holdings
PAREXEL International Corporation
ICON plc
Syneos Health
PRA Health Sciences
Charles River
Pharmaceutical Product Development, LLC
WuXi AppTec
Medpace

North America Contract Research Organization (CRO) Report Scope

Report Attribute	Details
Market size in 2017	US$ 16.3 Billion
Market Size by 2025	US$ 30.7 Billion
Global CAGR (2018 - 2025)	8.4%
Historical Data	2015-2016
Forecast period	2018-2025
Segments Covered	By Type Early Phase Development Services Clinical Research Services Laboratory Services Post-Approval Services By End User Pharmaceutical & Biotechnology Companies and Medical Device Companies
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	IQVIA Laboratory Corporation of America Holdings PAREXEL International Corporation ICON plc Syneos Health PRA Health Sciences Charles River Pharmaceutical Product Development, LLC WuXi AppTec

Research Manager

Mrinal Kerhalkar

Manager,
Market Research & Consulting

Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

What are the North America Contract Research Organization (CRO) Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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