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Published Date: 2013-01-17Number of Pages: 94

Healthcare Contract Research Outsourcing Market - Global Industry Analysis, Size, Share, Trends And Forecast 2016 - 2024

The outsourcing market was earlier characterized by the existence of developed economies as major contributors, driving market growth with technological innovations. This concept has evolved with time, and emerging markets such as China and India have started adopting the outsourcing business model and are becoming attractive destinations for contract research outsourcing. In the recent times, countries from Eastern Europe, Latin America, Africa and East Asia are also increasingly adopting this business model. The overall cost of R&D is around 40% and manufacturing cost is 60% of that of the developing countries. Clinical trials outsourcing market was the largest segment in terms of revenue and was valued at USD 14.21 billion in 2010. 

 

Since 2005, outsourcing of clinical trials has picked up tremendous pace, drug discovery and preclinical services being the most prominent services provided. Growth in the global contract research outsourcing market is driven by cost savings, globalization of drug development and increased productivity. 

 

Other factors propelling growth of this market include depleting product pipelines, drugs going off-patent in the near future and falling productivity, especially in the last decade. Expertise available with contract research partners, reduced research process duration, increased cost savings, flexible pricing models and research globalization options are observed as major advantages to the pharmaceutical companies that outsource research processes to contract research units.

 

Key players in the contract research outsourcing (CRO) market include Quintiles, Covance, PPD, Parexel, CRL, Icon, Plc. Medidata Solutions, InVentiv Health and Theorem Clinical research.

 

 

TABLE OF CONTENTS

 

CHAPTER 1 PREFACE

1.1 REPORT DESCRIPTION

1.2 RESEARCH METHODOLOGY

 

CHAPTER 2 EXECUTIVE SUMMARY

 

CHAPTER 3 GLOBAL HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET ANALYSIS

3.1 OVERVIEW

3.2 MARKET DRIVERS

      3.2.1 INCREASING COST AND REDUCING PRODUCTIVITY

      3.2.2 PATENT EXPIRATIONS

      3.2.3 DECREASING NEW DRUGS RESEARCH AND DEVELOPMENT (R&D)

      3.2.4 EMERGENCE OF BIOLOGICAL THERAPIES AS THE NEXT GENERATION TREATMENT OPTION

      3.2.5 GLOBALIZATION OF DRUG DEVELOPMENT PROCESS

3.3 MARKET RESTRAINTS

      3.3.1 VARIATION IN REGULATORY GUIDELINES AND APPROVAL PROCESS IN DIFFERENT COUNTRIES

      3.3.2 QUALITY ISSUES

      3.3.3 GENETIC AND DISEASE PROFILE VARIATIONS

      3.3.4 UNFORESEEN COSTS

      3.3.5 DATA CONFIDENTIALITY ISSUES

      3.3.6 RELIABILITY AND SERVICE OUTAGES

3.4 MARKET OPPORTUNITIES

      3.4.1 INCREASING CLINICAL TRIALS IN EMERGING COUNTRIES

      3.4.2 INCREASING OUTSOURCING OF REGULATORY, CLINICAL DATA MANAGEMENT AND MEDICAL WRITING ACTIVITIES

 

CHAPTER 4 GLOBAL HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY SERVICES

4.1 OVERVIEW

4.2 CLINICAL TRIAL SERVICES

      4.2.1 DRUG DISCOVERY SERVICES

      4.2.2 PRECLINICAL SERVICES

      4.2.3 PHASE I TRIAL SERVICES

      4.2.4 PHASE II TRIAL SERVICES

      4.2.5 PHASE III TRIAL SERVICES

      4.2.6 PHASE IV TRIAL (POST MARKETING SURVEILLANCE) SERVICES

4.3 REGULATORY SERVICES

4.4 MEDICAL WRITING SERVICES

4.5 CLINICAL DATA MANAGEMENT (CDM) SERVICES

4.6 OTHERS

 

CHAPTER 5 GLOBAL HEALTHCARE CONTRACT RESEARCH OUTSOURCING, BY DESTINATION RESEARCH GROUPS

5.1 OVERVIEW

5.2 CONTRACT RESEARCH ORGANIZATIONS (CROS)

      5.2.1 GLOBAL CONTRACT RESEARCH ORGANIZATIONS MARKET REVENUE, BY SERVICES, 2010-2018 (USD BILLION)

5.3 CLINICAL TRIAL LABORATORIES (CTL)

      5.3.1 GLOBAL CLINICAL TRIAL LABORATORIES OUTSOURCING MARKET REVENUE, BY SERVICES, 2010-2018 (USD BILLION)

5.4 ACADEMIC MEDICAL CENTERS (AMCS)

      5.4.1 GLOBAL ACADEMIC MEDICAL CENTERS OUTSOURCING MARKET REVENUE, BY SERVICES, 2010-2018 (USD BILLION)

 

CHAPTER 6 GLOBAL HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY GEOGRAPHY

6.1 OVERVIEW

6.2 NORTH AMERICA

      6.2.1 HEALTHCARE CONTRACT RESEARCH  OUTSOURCING MARKET, BY DESTINATION RESEARCH GROUPS 2010- 2018 (USD BILLION)

      6.2.2 HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY SERVICES 2010- 2018 (USD BILLION)

      6.2.3 CLINICAL TRIAL OUTSOURCING MARKET, BY CLINICAL TRIALS 2010- 2018 (USD BILLION)

6.3 EUROPE

      6.3.1 HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY DESTINATION RESEARCH GROUPS 2010- 2018 (USD BILLION)

      6.3.2 HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY SERVICES 2010- 2018 (USD BILLION)

      6.3.3 CLINICAL TRIAL OUTSOURCING MARKET, BY CLINICAL TRIALS 2010- 2018 (USD BILLION)

6.4 ASIA

      6.4.1 HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY DESTINATION RESEARCH GROUPS 2010- 2018 (USD BILLION)

      6.4.2 HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY SERVICES 2010- 2018 (USD BILLION)

      6.4.3 CLINICAL TRIAL OUTSOURCING MARKET, BY CLINICAL TRIALS 2010- 2018 (USD BILLION)

6.5 REST OF WORLD

      6.5.1 HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY DESTINATION RESEARCH GROUPS 2010- 2018 (USD BILLION)

      6.5.2 HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY SERVICES 2010- 2018 (USD BILLION)

      6.5.3 CLINICAL TRIAL OUTSOURCING MARKET, BY CLINICAL TRIALS 2010- 2018 (USD BILLION)

 

CHAPTER 7 COMPETITIVE LANDSCAPE

7.1 OVERVIEW

7.2 MARKET SHARE BY KEY PLAYERS

7.3 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS

      7.3.1 EXPANDING RESEARCH SERVICE CAPABILITIES

      7.3.2 COST EFFECTIVE BUSINESS MODELS

      7.3.3 ABSORBING SKILLED RESEARCH PERSONNEL

 

CHAPTER 8 RECOMMENDATIONS

8.1 MARKET STRATEGY FOR SUCCESS

8.2 BARRIERS TO BE CONSIDERED

 

CHAPTER 9 COMPANY PROFILES

9.1 QUINTILES TRANSNATIONAL CORPORATION

      9.1.1 COMPANY OVERVIEW

      9.1.2 FINANCIAL INFORMATION

      9.1.3 BUSINESS STRATEGIES

              9.1.3.1 Expansion of services

              9.1.3.2 Acquisitions and partnerships

              9.1.3.3 Innovation in services offered

      9.1.4 PRODUCT PORTFOLIO

      9.1.5 RECENT DEVELOPMENTS

9.2 COVANCE, INC.

      9.2.1 OVERVIEW

      9.2.2 FINANCIAL INFORMATION

      9.2.3 BUSINESS STRATEGIES

              9.2.3.1 New product development and innovation

              9.2.3.2 Agreements and collaborations

      9.2.4 PRODUCT PORTFOLIO

      9.2.5 RECENT DEVELOPMENTS

9.3 PHARMACEUTICAL PRODUCT DEVELOPMENT INC (PPD)

      9.3.1 COMPANY OVERVIEW

      9.3.2 FINANCIAL INFORMATION

      9.3.3 BUSINESS STRATEGIES

              9.3.3.1 New product launch and innovation

              9.3.3.2 Expanding geographic presence

      9.3.4 PRODUCT PORTFOLIO

      9.3.5 RECENT DEVELOPMENTS

9.4 PAREXEL INTERNATIONAL CORPORATION

      9.4.1 COMPANY OVERVIEW

      9.4.2 FINANCIAL INFORMATION

      9.4.3 BUSINESS STRATEGIES

              9.4.3.1 Strong presence in Asia and emerging markets

              9.4.3.2 Strategic alliances

      9.4.4 PRODUCT PORTFOLIO

      9.4.5 RECENT DEVELOPMENTS

9.5 CHARLES RIVER LABORATORIES INTERNATIONAL INC. (CRL)

      9.5.1 COMPANY OVERVIEW

      9.5.2 FINANCIAL INFORMATION

      9.5.3 BUSINESS STRATEGIES

              9.5.3.1 Business expansion in APAC region

              9.5.3.2 Expansion of services offered

              9.5.3.3 New product launches and Innovation;

      9.5.4 PRODUCT PORTFOLIO

      9.5.5 RECENT DEVELOPMENTS

9.6 ICON, PLC

      9.6.1 COMPANY OVERVIEW

      9.6.2 FINANCIAL INFORMATION

      9.6.3 BUSINESS STRATEGY

              9.6.3.1 Business expansion in APAC region

              9.6.3.2 Expansion of services offered

              9.6.3.3 New product launches and Innovation

      9.6.4 PRODUCT PORTFOLIO

      9.6.5 RECENT DEVELOPMENTS

9.7 MEDIDATA SOLUTIONS, INC.

      9.7.1 COMPANY OVERVIEW

      9.7.2 FINANCIAL INFORMATION

      9.7.3 BUSINESS STRATEGY

              9.7.3.1 New product launches and Innovation

              9.7.3.2 Focus on emerging economies

              9.7.3.3 Well defined services and initiatives

      9.7.4 PRODUCT PORTFOLIO

      9.7.5 RECENT DEVELOPMENTS

9.8 INVENTIV HEALTH, INC. (PHARMANET DEVELOPMENT GROUP INC.)

      9.8.1 COMPANY OVERVIEW

      9.8.2 BUSINESS STRATEGY

              9.8.2.1 Expansion through agreements and acquisitions

              9.8.2.2 Rebranding subsidiaries

      9.8.3 PRODUCT PORTFOLIO

      9.8.4 RECENT DEVELOPMENTS

9.9 PIRAMAL LIFE SCIENCES

      9.9.1 COMPANY OVERVIEW

      9.9.2 FINANCIAL INFORMATION

      9.9.3 BUSINESS STRATEGY

              9.9.3.1 Expansion of services offered

      9.9.4 PRODUCT PORTFOLIO

      9.9.5 RECENT DEVELOPMENTS

LIST OF FIGURES 

 

FIG. 1 GLOBAL CLINICAL TRIAL SERVICES OUTSOURCING  MARKET SHARE, BY                CLINICAL TRIALS, 2011 & 2018

FIG. 2 COMPARATIVE ANALYSIS OF GLOBAL HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, MARKET SHARE, BY GEOGRAPHY, 2011 & 2018

FIG. 3 NORTH AMERICA HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, 2010 – 2018 (USD BILLION)

FIG. 4 EUROPE CONTRACT RESEARCH OUTSOURCING MARKET, 2010 – 2018 (USD BILLION)

FIG. 5 ASIA HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, 2010 – 2018 (USD BILLION)

FIG. 6 REST OF WORLD HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, 2010 – 2018 (USD BILLION)

FIG. 7 GLOBAL CONTRACT RESEARCH OUTSOURCING MARKET, MARKET SHARE BY KEY PLAYERS 2011 (%)

FIG. 8 ANNUAL REVENUE OF QUINTILES TRANSNATIONAL CORPORATION, 2008 – 2011 (USD BILLION)

FIG. 9 ANNUAL REVENUE OF COVANCE, INC., 2009 – 2011 (USD MILLION)

FIG. 10 ANNUAL REVENUE OF PPD, INC., 2008 – 2010 (USD MILLION)

FIG. 11 ANNUAL REVENUE OF PAREXEL INTERNATIONAL CORPORATION, 2009 – 2011 (USD MILLION)

FIG. 12 ANNUAL REVENUE OF CRL, 2009 - 2011   (USD MILLION)

FIG. 13 ANNUAL REVENUE OF ICON, PLC,  2009 - 2011 (USD MILLION)

FIG. 14 ANNUAL REVENUE OF MEDIDATA, 2009 - 2011 (USD MILLION)

FIG. 15 ANNUAL REVENUE OF PIRAMAL LIFE SCIENCES, 2009 - 2011 (USD MILLION)

LIST OF TABLES

 

TABLE 1 GLOBAL HEALTHCARE CONTRACT RESEARCH OUTSOURCING      MARKET, BY GEOGRAPHY, 2010-2018(USD BILLION)

TABLE 2 GLOBAL HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET REVENUE, BY SERVICES, 2010 – 2018 (USD BILLION)

TABLE 3 GLOBAL CLINICAL TRIAL SERVICES OUTSOURCING MARKET REVENUE, BY TRIALS, 2010 – 2018 (USD BILLION)

TABLE 4 GLOBAL CLINICAL TRIAL OUTSOURCING MARKET REVENUE, BY GEOGRAPHY, 2010-2018 (USD BILLION)

TABLE 5 GLOBAL REGULATORY SERVICES OUTSOURCING MARKET REVENUE, BY GEOGRAPHY, 2010-2018 (USD BILLION)

TABLE 6 GLOBAL MEDICAL WRITING SERVICES OUTSOURCING MARKET REVENUE, BY GEOGRAPHY, 2010-2018 (USD BILLION)

TABLE 7 GLOBAL CLINICAL DATA MANAGEMENT OUTSOURCING SERVICES MARKET REVENUE, BY GEOGRAPHY, 2010-2018 (USD BILLION)

TABLE 8 GLOBAL OTHER SERVICES OUTSOURCING MARKET REVENUE, BY GEOGRAPHY, 2010-2018 (USD BILLION)

TABLE 9 GLOBAL HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET REVENUE, BY DESTINATION RESEARCH GROUPS, 2010-2018 (USD BILLION)

TABLE 10 GLOBAL CRO MARKET REVENUE, BY SERVICES, 2010-2018 (USD BILLION)

TABLE 11 GLOBAL CLINICAL TRIAL LABORATORIES OUTSOURCING MARKET REVENUE, BY SERVICES, 2010-2018 (USD BILLION)

TABLE 12 GLOBAL ACADEMIC MEDICAL CENTERS OUTSOURCING MARKET REVENUE, BY SERVICES, 2010-2018 (USD BILLION)

TABLE 13 NORTH AMERICA HEALTHCARE CONTRACT RESEARCH  OUTSOURCING MARKET, BY DESTINATION RESEARCH GROUPS 2010- 2018 (USD BILLION)

TABLE 14 NORTH AMERICA HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY SERVICES 2010- 2018 (USD BILLION)

TABLE 15 NORTH AMERICA CLINICAL TRIAL OUTSOURCING MARKET, BY CLINICAL TRIALS 2010- 2018 (USD BILLION)

TABLE 16 EUROPE HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY DESTINATION RESEARCH GROUPS 2010- 2018 (USD BILLION)

TABLE 17 EUROPE HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY SERVICES 2010- 2018 (USD BILLION)

TABLE 18 EUROPE CLINICAL TRIAL OUTSOURCING MARKET, BY CLINICAL TRIALS 2010- 2018 (USD BILLION)

TABLE 19 ASIA HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY DESTINATION RESEARCH GROUPS 2010- 2018 (USD BILLION)

TABLE 20 ASIA HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY SERVICES 2010- 2018 (USD BILLION)

TABLE 21 ASIA CLINICAL TRIAL OUTSOURCING MARKET, BY CLINICAL TRIALS 2010- 2018 (USD BILLION)

TABLE 22 ROW HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY DESTINATION RESEARCH GROUPS 2010- 2018 (USD BILLION)

TABLE 23 ROW HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET, BY SERVICES 2010- 2018 (USD BILLION)

TABLE 24 ROW CLINICAL TRIAL OUTSOURCING MARKET, BY CLINICAL TRIALS 2010- 2018 (USD BILLION)

The global healthcare contract research outsourcing market is gaining significantly from the increased outsourcing of research activities to contract research organizations. The high amount of time and cost incurred in healthcare research is encouraging pharmaceutical and biotechnology companies to outsource these activities. The rise in clinical data management, medical writing, and regulatory services is also projected to provide a considerable boost to this market in the coming years. 

Broadly, the global market for healthcare contract research outsourcing is studied on the basis of the service, the destination research group, and the geography. Based on service, the market is classified into clinical trials, medical writing, clinical data management (CDM), and regulatory services. By destination research group, contract research organizations, academic medical centers (AMCs), and clinical trial laboratories are identified as the key segments of this market. Geographically, the market registers a presence across North America, Asia, Europe, and the Rest of the World.

The research report provides a complete overview of the global market for healthcare contract research outsourcing taking its current as well as historical performance in consideration. Key trends, driving forces, challenges, opportunities, and growth potential of this market have also been examined in this study.

Overview of Global Healthcare Contract Research Outsourcing Market

Contract research outsourcing has been a defining trend in the global medical and healthcare industry. A number of medical devices manufacturers and companies functioning in the pharmaceutical and the biotechnology industries are increasingly entering into partnerships with contract research organizations to outsource research activities in a bid to cut production costs without decreasing the quality of products.

Clinical trials have been registering a higher demand among the services provided through healthcare contract research outsourcing. The trend is expected to remain the same over the next few years. Within the clinical trial segment, drug discovery and preclinical trials are reporting widespread adoption worldwide.

North America has emerged as the leading regional market for healthcare contract research outsourcing across the world. In 2011, it acquired a share of nearly 65% in the overall market. Over the forecast period, Asia, although currently in the nascent stage, is likely to present promising growth opportunities, thanks to the rising number of contract research organizations in this region.

Despite all the advantages of healthcare contract research outsourcing, drugmakers and other enterprises operating in the pharmaceutical, biotechnology, and medical devices show apprehension about partnering with healthcare contract research outsourcing providers due to concerns over data security. This factor may impact the growth of the healthcare contract research outsourcing market negatively in the coming years.

Companies Mentioned in the Research Report

The leading players in the global market for healthcare contract research outsourcing are Covance Inc., Icon Plc., Parexel International Corp., Inventiv Health Inc., Pharmaceutical Product Development Inc., Medidata Solutions Inc., Charles River Laboratories International Inc., Piramal Life Sciences, and Quintiles Transnational Corp.

Key Segments of Global Healthcare Contract Research Outsourcing Market

By Service

  • Clinical trial services
    • Drug discovery services
    • Preclinical services
    • Phase I trial services
    • Phase II trial services
    • Phase III trial services
    • Phase IV trial (post marketing surveillance) services
  • Regulatory services
  • Medical writing services
  • Clinical data management (CDM) services
  • Other 

By Destination Research Group

  • Contract Research Organizations (CROs)
  • Clinical Trial Laboratories
  • Academic Medical Centers (AMCs)

By Geography

  • North America
  • Europe
  • Asia
  • Rest of the World

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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