Healthcare Contract Research Outsourcing Market Global Industry Analysis, Trends And Forecast 2012 - 2018

The Global healthcare contract research outsourcing market was worth US$25.08 billion in 2011. Due to the increasing demand, the market is expected to witness healthy growth at a CAGR of 14.7% during the period between 2012 and 2018, and reach a valuation of US$65.03 billion by the end of 2018.

Rising Cost of In-House Research to Push Global Healthcare Contract Research Outsourcing Market

The increasing cost and declining productivity of in-house healthcare research has led organizations to look for outsourcing the task to contract research organizations. Patent expirations have also added to the woes of healthcare enterprises conducting in-house research. With the globalization of the drug development process, the global healthcare contract research outsourcing market is expected to grow consistently in the near future. The contract research organizations armored with regulatory knowledge as well as the knowledge of emerging biological therapies help in the research and development of new drugs.

Get Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=800

However, the global healthcare contract research outsourcing market is expected to be negatively affected by the issues related to the quality of the clinical research performed by contract research organizations. Regulatory frameworks regarding the same also vary across the world. This can create confusion between the client companies and contract research organizations, which are usually located in different regions. Genetic and disease profile variations as well as data confidentiality issues will also restrain the overall market.

Contract Research Organizations to Lead HCRO Market

On the basis of type of services, the global healthcare contract research outsourcing market has been segmented into clinical trial services, regulatory services, clinical data management services, medical writing services, and others. In 2010, clinical trial services dominated the overall market and was valued at US$14.21 billion. Depending on the type of destination research groups, the global healthcare contract research outsourcing market has been categorized into clinical trial laboratories, contract research organizations, and academic medical centers. With most of the pharmaceutical companies depending on contract research organizations, they are expected to gain considerable market share in the near future.

Asia to Drive Demand from Global Healthcare Contract Research Outsourcing Market

The global healthcare contract research outsourcing market has been divided into four key regions: Asia, Europe, North America, and Rest of the World. North America has been the largest region for healthcare contract research outsourcing, accounting for a 64.1% share of the market. However, Asia is expected to emerge as the largest market in the next couple of years owing to the increasing number of contract research organizations coming up in the region.

Key Players in Global Healthcare Contract Research Outsourcing Market

Some of the key players in the global healthcare contract research outsourcing market are Covance Inc., Parexel International Corporation, Medidata Solutions, Piramal Life Sciences, and Quintiles Transnational Corporation. The key players mostly have a global presence and are tying up with the pharmaceutical and biotech firms to expand their business.

Browse Full Global Healthcare Contract Research Outsourcing Market Research Report With Complete TOC @ http://www.transparencymarketresearch.com/hcro-market.html

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr. Nachiket
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com