The Europe contract research organization (CRO) market is expected to reach US$ 22,157.62 Mn in 2025 from US$ 12,476.8 Mn in 2017. The market is estimated to grow with a CAGR of 7.7% from 2018-2025.
The growth of the Contract Research Organization (CRO) market is driven by factors such as a rise in the number of clinical trials. However, the market is likely to get impacted due to the dearth of skilled professionals and regional competition in the CRO services market in the region.
Pharmaceutical and biotech companies are focusing on research and development (R&D) to come up with new molecules for various therapeutic applications with the highest medical and commercial potential. The companies invest majorly in the R&Ds to deliver 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 published by European Federation of Pharmaceutical Industries and Associations (EFPIA) in 2018, the pharmaceutical R&D expenditure in Germany has increased from US$ 7,100.6 million (6,216 € million) in 2015 to US$ 7,113.2 million in 2015 (6,227€ million). 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 before launch. 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.
The UK is expected to lead the market in the region owing to increasing expenditure on research and development expenditures in the country. The confrontation between biotechnology and pharmaceutical companies to lower the drug development costs is expected to propel the CROs market in Europe. Moreover, the presence of top revenue-generating pharmaceutical companies that can invest a significant amount in R&D is also expected to boost the growth of CROs in the region. Therefore, considering the factors mentioned above, the growth of the market in the country is likely to contribute the largest share in the European region during the forecast period.
France Contract Research Organization (CRO) Market Revenue and Forecasts to 2025 (US$ Mn)
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EUROPE CONTRACT RESEARCH ORGANIZATION (CRO) – MARKET SEGMENTATION
EUROPE CONTRACT RESEARCH ORGANIZATION (CRO) – By Type
- Clinical Research Services
- Early Phase Development Services
- Laboratory Services
- Post-Approval Services
EUROPE CONTRACT RESEARCH ORGANIZATION (CRO) – By End User
- Pharmaceutical & Biotechnology Companies
- Medical Device Companies
EUROPE CONTRACT RESEARCH ORGANIZATION (CRO) – By Geography
Europe
- Germany
- UK
- France
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, End User, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope Of The Study
1.2 The Insight Partners Research Report Guidance
2. Europe Contract Research Organization (CRO) Market – Key Takeaways
3. Europe Contract Research Organization (CRO) Market – Market Landscape
3.1 Overview
3.2 Market Segmentation
3.2.1 Europe Contract Research Organization (CRO) Market – By Type
3.2.2 Europe Contract Research Organization (CRO) Market – By End User
3.2.3 Europe Contract Research Organization (CRO) Market – By Country
3.3 Pest Analysis
3.3.1 Europe – PEST Analysis
4. Europe Contract Research Organization (CRO) Market-Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Rise in The Number of Clinical Trials
4.2 Key Market Restraints
4.2.1 Dearth Of Skilled Professionals
4.2.2 Regional Competition in The CRO Services Market
4.3 Key Market Opportunities.
4.3.1 Increasing Demand for Specialized Testing Services
4.4 Future Trends
4.4.1 Increasing Market Consolidation
4.5 Impact Analysis
5. Contract Research Organization (CRO) Market – Europe Analysis
5.1 Europe Contract Research Organization (CRO) Market Revenue Forecasts And Analysis
5.2 Market Positioning
5.3 Performance Of Key Players
5.4 Expert Opinions
6. Europe Contract Research Organization (CRO) Market Analysis – By Type
6.1 Overview
6.2 Europe Contract Research Organization (CRO) Market, By Type 2017 & 2025 (%)
6.3 Europe Contract Research Organization (CRO) Market Revenue and Forecasts to 2025, By Type (US$ Mn)
6.4 Early Phase Development Services Market
6.4.1 Overview
6.4.2 Europe Early Phase Development Services Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.3 Drug Discovery Services
6.4.3.1 Overview
6.4.3.2 Europe Drug Discovery Services Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.4 Pre-Clinical Services
6.4.4.1 Overview
6.4.4.2 Europe Pre-Clinical Services Market Revenue and Forecasts to 2025 (US$ Mn)
6.5 Clinical Research Services
6.5.1 Overview
6.5.2 Europe Clinical Research Services Market Revenue and Forecasts to 2025 (US$ Mn)
6.6 Laboratory Services
6.6.1 Overview
6.6.2 Europe Laboratory Services Market Revenue and Forecasts to 2025 (US$ Mn)
6.7 Post-Approval Services
6.7.1 Overview
6.7.2 Europe Post-Approval Services Market Revenue and Forecasts to 2025 (US$ Mn)
7. Europe Contract Research Organization (CRO) Market Analysis – By End User
7.1 Overview
7.2 Europe Contract Research Organization (CRO) Market, By End User, 2017 & 2025 (%)
7.3 Europe Contract Research Organization (CRO) Market Revenue and Forecasts to 2025, By End User (US$ Mn)
7.4 Pharmaceutical And Biotechnology Companies
7.4.1 Overview
7.4.2 Europe Pharmaceutical and Biotechnology Companies Market Revenue and Forecasts to 2025 (US$ Mn)
7.5 Medical Device Companies
7.5.1 Overview
7.5.2 Europe Medical Device Companies Market Revenue and Forecasts to 2025 (US$ Mn)
8. Europe Contract Research Organization (CRO) Market Revenue and Forecasts to 2025
8.1 Overview
8.2 Europe Contract Research Organization (CRO) Market Revenue and Forecasts to 2025 (Us$ Mn)
8.3 Europe Contract Research Organization (CRO) Market Revenue and Forecasts to 2025, By Type (US$ Mn)
8.3.1 Europe Early Phase Development Services Market Revenue and Forecasts to 2025, By Type (US$ Mn)
8.4 Europe Contract Research Organization (CRO) Market Revenue and Forecasts to 2025, By End User (US$ Mn)
8.5 Europe Contract Research Organization (CRO) Market Share, By Country (2017 & 2025) (%)
8.6 Germany Contract Research Organization (CRO) Market Revenue and Forecasts to 2025 (US$ Mn)
8.6.1 Germany Contract research organization (CRO) Market Revenue and Forecasts to 2025 (US$ Mn)
8.6.2 Germany Contract Research Organization (CRO) Market Revenue and Forecasts to 2025, By Type (US$ Mn)
8.6.2.1 Germany Early Phase Development Services Market Revenue and Forecasts to 2025, By Type (US$ Mn)
8.6.3 Germany Contract Research Organization (CRO) Market Revenue and Forecasts to 2025, By End User (US$ Mn)
8.7 UK Contract Research Organization (CRO) Market Revenue and Forecasts to 2025 (US$ Mn)
8.7.1 UK Contract research organization (CRO) Market Revenue and Forecasts to 2025 (US$ Mn)
8.7.2 UK Contract Research Organization (CRO) Market Revenue and Forecasts to 2025, By Type (US$ Mn)
8.7.2.1 UK Early Phase Development Services Market Revenue and Forecasts to 2025, By Type (US$ Mn)
8.7.3 UK Contract Research Organization (CRO) Market Revenue and Forecasts to 2025, By End User (US$ Mn)
8.8 France Contract Research Organization (CRO) Market Revenue and Forecasts to 2025 (US$ Mn)
8.8.1 France Contract Research Organization (CRO) Market Revenue and Forecasts to 2025 (US$ Mn)
8.8.2 France Contract Research Organization (CRO) Market Revenue and Forecasts to 2025, By Type (US$ Mn)
8.8.2.1 France Early Phase Services Market Revenue and Forecasts to 2025, By Type (US$ Mn)
8.8.3 France Contract Research Organization (CRO) Market Revenue and Forecasts to 2025, By End User (US$ Mn)
9. Contract Research Organization (CRO) Market –Industry Landscape
9.1 Overview
9.2 Growth Strategies In The Contract Research Organization (CRO) Market, 2015-2018
9.3 Inorganic Growth Strategies
9.3.1 Overview
9.3.2 Merger & Acquisitions
9.3.3 Collaborations
9.3.4 Partnership
9.3.5 Alliance
9.3.6 Agreement & Joint Venture
9.4 Organic Growth Strategies
9.4.1 Overview
9.4.2 Launch
9.4.3 Expansion & Relocation
9.4.4 Enhancements
10. Contract Research Organization (CRO) Market – Key Company Profiles
10.1 Iqvia
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Financial Information
10.1.4 Service Portfolio
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Parexel International Corporation
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Financial Information
10.2.4 Service Portfolio
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Syneos Health
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Financial Information
10.3.4 Service Portfolio
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Laboratory Corporation Of America Holdings
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Financial Information
10.4.4 Service Portfolio
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Pra Health Sciences, Inc.
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Financial Overview
10.5.4 Service Portfolio
10.5.5 Swot Analysis
10.5.6 Key Developments
10.6 Charles River
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Financial Overview
10.6.4 Service Portfolio
10.6.5 Swot Analysis
10.6.6 Key Developments
10.7 ICON Plc
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Financial Overview
10.7.4 Service Portfolio
10.7.5 Swot Analysis
10.7.6 Key Developments
10.8 Pharmaceutical Product Development, Llc.
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Financial Overview
10.8.4 Service Portfolio
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Wuxi Apptec
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Financial Overview
10.9.4 Service Portfolio
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 Medpace
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Financial Overview
10.10.4 Service Portfolio
10.10.5 SWOT Analysis
10.10.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary Of Terms
11.3 Methodology
11.4 Coverage
11.5 Secondary Research
11.6 Primary Research
LIST OF TABLES
TABLE 1. Europe Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By Type (US$ Mn)
table 2. Europe Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By End User (US$ Mn)
Table 3. Europe Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By Type (US$ Mn)
Table 4. Europe Early Phase Development Services Market Revenue And Forecasts To 2025, By Type (US$ Mn)
Table 5. Europe Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By End User (US$ Mn)
Table 6. Germany Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By Type (US$ Mn)
Table 7. Germany Early Phase Development Services Market Revenue And Forecasts To 2025, By Type (US$ Mn)
Table 8. Germany Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By End User (us$mn)
Table 9. UK Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By Type (US$ Mn)
Table 10. UK Early Phase Development Services Market Revenue And Forecasts To 2025, By Type (US$ Mn)
Table 11. UK Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By End User (US$ Mn)
Table 12. France Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By Type (US$ Mn)
Table 13. France Early Phase Development Services Market Revenue And Forecasts To 2025, By Type (US$ Mn)
Table 14. France Contract Research Organization (CRO) Market Revenue And Forecasts To 2025, By End User (US$ Mn)
Table 15. Recent Merger & Acquisitions In The Contract Research Organization (CRO) Market
Table 16. Recent Collaborations In The Contract Research Organization (CRO) Market
Table 17. Recent Partnerships In The Contract Research Organization (CRO) Market
Table 18. Recent Alliances In The Contract Research Organization (CRO) Market
Table 19. Recent Agreement & Joint Venture In The Contract Research Organization (CRO) Market
Table 20. Recent Launches In The Contract Research Organization (CRO) Market
Table 21. Recent Expansions & Relocation In The Contract Research Organization (CRO) Market
Table 22. Enhancements In The Contract Research Organization (CRO) Market
Table 23. Glossary Of Terms, Contract Research Organization (CRO) Market
LIST OF FIGURES
FIGURE 1. UK Contract Research Organization (CRO) Market, Revenue (US$ Mn), By COuntry 2018 & 2025
FIGURE 2. Europe Contract Research Organization (CRO) Market By Type, Market Share (%), 2017
FIGURE 3. Europe Contract Research Organization (CRO) Market By End User, Market Share (%), 2017
FIGURE 4. Contract Research Organization (CRO) Market Segmentation
FIGURE 5. Europe PEST Analysis
FIGURE 6. Contract Research Organization (CRO) Market Impact Analysis Of Drivers & Restraints
FIGURE 7. Europe Contract Research Organization (CRO) Market – Revenue Forecasts And Analysis – 2017- 2025
FIGURE 8. Europe Contract Research Organization (CRO) Market Breakdown, By Type 2017 & 2025 (%)
Figure 9. Europe Early Phase Development Services Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 10. Europe Drug Discovery Services Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 11. Europe Pre-Clinical Services Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 12. Europe Clinical Research Services Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 13. Europe Laboratory Services Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 14. Europe Post-Approval Services Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 15. Europe Contract Research Organization (CRO) Market By End User, 2017 & 2025 (%)
Figure 16. Europe Pharmaceutical And Biotechnology Companies Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 17. Europe Medical Device Companies Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 18. Europe Contract Research Organization (CRO) Market Share Overview, By Country (2017) (%)
FIGURE 19. Europe Contract Research Organization (CRO) Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 20. Europe Contract Research Organization (CRO) Market Share, By Country (2017 & 2025) (%)
Figure 21. Germany Contract Research Organization (CRO) Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 22. UK Contract Research Organization (CRO) Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 23. France Contract Research Organization (CRO) Market Revenue And Forecasts To 2025 (US$ Mn)
Figure 24. Growth Strategies In The Contract Research Organization (CRO) Market, 2015-2018
Figure 25. Inorganic Growth Strategies In The Contract Research Organization (CRO) Market, 2015-2018
Figure 26. Organic Growth Strategies In The Contract Research Organization (CRO) Market, 2015-2018
The List of Companies in Europe Contract Research Organization (CRO) Market
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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