Preclinical CRO Market Size $11.90 Billion By 2032 CAGR 8.6%

Preclinical CRO Market Size Worth $11.90 Billion By 2032 | CAGR: 8.6%


The global preclinical CRO market size is expected to reach USD 11.90 billion by 2032, according to a new study by Polaris Market Research. The report “Preclinical CRO Market Share, Size, Trends, Industry Analysis Report, By Service Type (Toxicology Testing, Bioanalysis & DMPK studies, Chemistry, Compound Management, Others); By Mode; By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.  

CROs offering a comprehensive range of preclinical services, including toxicology, pharmacokinetics, and bioanalytical services, are strategically positioned to meet the diverse and evolving needs of pharmaceutical and biotech companies. Regulatory agencies' are increasing focus on stringent safety and efficacy assessments in drug development has elevated the demand for high-quality preclinical studies, favoring CROs with a strong track record of regulatory compliance.

Also, the globalization of pharmaceutical research and development activities has opened opportunities for preclinical CROs to expand their services internationally, catering to the diverse needs of clients in different geographic regions.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/preclinical-cro-market/request-for-sample

The landscape of the preclinical CRO market is characterized by dynamism influenced by several pivotal factors. Primarily, there is a progressive trend in the pharmaceutical and biotechnology sectors towards outsourcing preclinical research and drug development functions to specialized CROs. This shift is primarily fueled by the pursuit of cost-efficiency and time savings, as companies leverage the specialized expertise and infrastructure of CROs to expedite the drug development process.

With the growing complexity and cost of drug research and development procedures, the outsourcing trend becomes increasingly appealing. Additionally, the emergence of biologics and biosimilars has heightened the demand for preclinical CRO services, given the specialized testing and expertise required for these innovative drugs.

Moreover, the underdeveloped infrastructure in emerging economies, restricting research and development (R&D) endeavors, is expected to hinder the market's expansion. Nevertheless, considerable governmental investments in R&D and the concerted efforts of key industry players to augment preclinical trials open new avenues for firms in the worldwide preclinical CRO market. Furthermore, the inclination towards strategic collaborations between regional entities and public stakeholders is foreseen to offer revenue reinforcement, contributing to the market's overall growth.

Preclinical MRO Market Report Highlights

  • In 2023, the bioanalysis & DMPK studies segment is expected to witness highest growth during forecast period owing to increasing demand for pharmacokinetic services
  • Patient-Derived Organoids (PDOs) segment is expected to dominate the preclinical CRO market during forecast period. This is attributed to growing emphasis on precision medicine by pharmaceutical and biotech companies
  • Government and academic institutes segment is expected to witness highest growth during forecast period
  • In 2023, North America accounted for the largest revenue share due to presence of major players, technological advancements, and increasing R&D innovations.
  • The market is highly competitive owing to the existence of market players with a global presence, including Charles River Laboratories, Covance (LabCorp), Envigo, Eurofins Scientific, Pharmaceutical Product Development, LLC (PPD), QuintilesIMS (IQVIA), Syngene International, among others.

Polaris Market Research has segmented the preclinical CRO market report based on service type, mode, end-users, and region:

Preclinical MRO, Service Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Toxicology Testing
  • Bioanalysis & DMPK studies
  • Chemistry
  • Compound Management
  • Others

Preclinical MRO, Mode Outlook (Revenue - USD Billion, 2019 - 2032)

  • Patient Derived Organoid (PDO) Model
  • Patient-Derived Xenograft (PDX) Model

Preclinical MRO, End-Users Outlook (Revenue - USD Billion, 2019 - 2032)

  • Government and Academic Institutes
  • Biopharmaceutical Companies
  • Medical Device Companies         

Preclinical MRO, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Netherlands
  • Spain
  • Russia
  • Asia Pacific
  • Japan
  • China
  • India
  • Malaysia
  • Indonesia
  • South Korea
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa

Preclinical CRO Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 6.13 billion

Revenue forecast in 2032

USD 11.90 billion

CAGR

8.6% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

  • By Service Type
  • By Mode
  • By End-Users
  • By Region

Regional scope

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Competitive Landscape

  • Preclinical CRO Market Share Analysis (2023)
  • Company Profiles/Industry participants profiling includes company overview, financial information, product/service benchmarking, and recent developments

Report Format

  • PDF + Excel

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

For Specific Research Requirements

Request for Customized Report