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Preclinical CRO Market Research Report Information By Service (Toxicology Testing, Bioanalysis and Drug Metabolism and Pharmacokinetics (DMPK) Studies), Application (Oncology, Central Nervous System (CNS) Disorders, Cardiovascular Diseases, Immunological Disorders, Respiratory Diseases, Infectious Diseases, Diabetes), End User (Pharmaceutical and Biopharmaceutical Industries, Medical Device Companies and Academic Institutes) – Forecast till 2030
Market Research Future Insights
According to MRFR analysis, preclinical CRO market is expected to register a CAGR of 7.2% from 2022 to 2030 and hold a value of over USD 9.1 billion by 2030. The preclinical Contract Research Organization (CRO) market is a segment of the broader pharmaceutical outsourcing industry. CROs provide various services to pharmaceutical and biotechnology companies to support their drug discovery and development processes. These services include conducting preclinical studies, such as in vitro and in vivo testing, toxicology assessments, pharmacokinetics studies, and other research activities required before a drug can proceed to clinical trials.
The preclinical CRO market has been experiencing steady growth over the years, driven by factors such as increasing R&D expenditure by pharmaceutical companies, rising outsourcing trends, and the growing complexity of drug development processes. The market size is influenced by factors such as the number of drug candidates in the pipeline, regulatory requirements, and the demand for specialized services.
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Key Players
IQVIA (U.S.) , PAREXEL International Corporation (U.S.) , Envigo (U.S.) , Charles River (U.S.) , Eurofins Scientific (Luxembourg) , ICON PLC (Dublin) , PRA Health Sciences (U.S.) , Medpace (U.S.)
Market Segmentation
Preclinical CRO market has been segmented into service, application, and end-user
By Service : Toxicology Testing , Bioanalysis and Drug Metabolism and Pharmacokinetics Studies
Application : Oncology , Central Nervous System Disorders , Cardiovascular Diseases , Immunological Disorders , Respiratory Diseases , Infectious Diseases ,Diabetes
End User : Pharmaceutical and Biopharmaceutical Industries , Medical Device Companies and Academic Institutes
Regional Analysis
North America is a prominent market for preclinical CRO services. The United States, in particular, has a well-established pharmaceutical and biotechnology industry, which drives the demand for preclinical research. The presence of major pharmaceutical companies, academic research institutions, and government initiatives promoting drug development further fuels the market growth in this region.
Europe is another significant market for preclinical CRO services. Countries like Germany, the United Kingdom, France, and Switzerland have a strong presence of pharmaceutical and biotechnology companies, leading to a high demand for preclinical research. Europe also has a favorable regulatory environment and a robust healthcare infrastructure, which supports the growth of the preclinical CRO market in this region.
Browse In-depth Market Research Report (125 Pages) on Preclinical CRO: https://www.marketresearchfuture.com/reports/preclinical-cro-market-7274
The Asia Pacific region is experiencing rapid growth in the preclinical CRO market. Countries such as China, India, Japan, and South Korea are major contributors to this growth. Factors driving market expansion in this region include the increasing outsourcing of research activities by Western pharmaceutical companies, the availability of a large patient pool for clinical trials, and the presence of skilled researchers at lower costs compared to Western countries.
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