Global In Vivo CRO Market By Type, By Application, By Geography — Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2019–2026

The Global In vivo CRO Market was valued at USD 3.08 Billion in 2018, and is anticipated to grow at CAGR of 8.25 over forecast period 2020–2026. High prevalence of target diseases, increasing frequency of outsourcing R&D activities, introduction of biosimilar equivalents and economic efficiency offered for outsourcing are the key factors propelling the market growth.

Get Sample Report: https://dataintelo.com/request-sample/?reportId=70732

Contract research organizations (CROs) have been highly instrumental in providing outsourced research services for biotechnology, pharmaceutical and medical industries. In addition, CROs offer R&D activities with regards to cost and emphasis on core competencies. The services usually include research for drug and device extending to drug discovery, preclinical trials and post-marketing response. Data management and consulting forms a part of complementary services. Clinical trial services represent the largest component as the services comprise trials for developmental stages on humans. From a commercial perspective, in vivo CRO industry is highly categorised depending on the type of service and scope of research offered. For instance, CRO industry growth mainly depends on R&D spending on an annual basis. Core competencies is another area of interest covered by CROs. Some CROs also engage with pharmaceutical companies in order to offer strategic collaborations for preclinical trials.

Pharmaceutical companies are now emphasizing on working with CROs that offer integrated support. As major trends reflect consolidation and the need to expand their service encompassing geographical markets. By acquiring smaller markets and building a niche has enabled large CROs to offer a wide range of services in response to the increasing demand by medical companies. Strategic partnerships have proved beneficial for medical and CRO companies resulting in a high revenue share. On the other hand, developments in the preclinical market are influencing CRO services. There has been a considerable growth in the preclinical segment due to rise in outsourcing activities. Clinical services are likely to result in a steady growth. Moreover, innovations in genomics, bioinformatics and toxicology are contributing to the demand for preclinical services which in turn influences the demand for CRO services. Biopharmaceutical companies are likely to result in a high growth that influences outsourcing activities in the CRO end markets.

In Vivo CRO Market Drivers:

Major factors responsible for the market growth comprises increase in number of cancer patients and extensive research on therapeutic drugs for cancer. In addition, global advancements pertaining to the effects of oncology and growing issues in pharmaceutical sector is likely to play a pivotal role in optimizing the market growth. Therefore, In vivo CRO has a strong position in saving the time and efforts for treatment.