Healthcare CRO Market Size and Growth
The global Healthcare Contract Research Organization (CRO) market is experiencing robust growth, driven by increased clinical trials and demand for outsourcing services. The market size reached approximately $45 billion in 2023 and is projected to expand at a CAGR of 6% through the next several years, reflecting favorable market conditions.
Companies Covered
(Covid 19 Impact Covered)
◍ Quintiles Transnational Holdings
◍ Laboratory Corporation Of America Holdings
◍ Pharmaceutical Product Development
◍ PAREXEL International
◍ ICON plc
◍ PRA Health Sciences
◍ InVentiv Health
◍ Charles River Laboratories
◍ INC Research Holdings
◍ Wuxi PharmaTech
The Healthcare CRO market features major players like Quintiles, LabCorp, and PAREXEL, providing diverse clinical trial services. These companies enhance market growth through innovative solutions, efficient project management, and strategic partnerships. Sales revenues include:
- Quintiles: ~$2.4 billion
- LabCorp: ~$3 billion
- ICON plc: ~$3.5 billion.
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