Clinical Trials Outsourcing Market - Global Outlook & Forecast 2022-2027

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THE CLINICAL TRIALS OUTSOURCING MARKET SIZE IS EXPECTED TO REACH USD 56.30 BILLION BY 2027 FROM USD 38.14 BILLION IN 2021, GROWING AT A CAGR OF 6.71% FROM 2021 TO 2027.

Clinical Trials Outsourcing Market Size, Share, Growth Forecast by: 

  • Clinical Trial Phase: Phase I, Phase II, Phase III, and Phase IV
  • Application: Cancer, CVDs, Infectious Diseases, Infectious Diseases, Musculoskeletal Diseases, Nervous System Disorders, and Other Diseases
  • End-Users: Small & Mid-Size Companies and Large Size Companies

Industry Analysis Report, Regional Outlook, Price Trends & Forecast, 2022-2027

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CLINICAL TRIALS OUTSOURCING MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2027)USD 56.30 Billion
Market Size (2022)USD 38.14 Billion
CAGR (2022-2027)6.71%
Base Year2021
Forecast Year2022-2027
Market SegmentsClinical Trial Phase (Phase I, Phase II, Phase III, Phase IV), End-Users (Small & Mid-Size Companies, Large Size Companies), Application (Cancer, CVDs, Infectious Diseases, Infectious Diseases, Musculoskeletal Diseases, Nervous System Disorders, Other Diseases)
Geographic AnalysisNorth America, Europe, APAC, Latin America, and MEA
Countries CoveredUS, Canada, UK, Germany, France, Spain, China, Australia, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, and UAE
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MARKET OVERVIEW

The global clinical trials outsourcing market is expected to grow at a CAGR of 6.71% from 2022 to 2027 and is expected to reach $56.30 billion by 2027 from $38.14 billion in 2021. The pharma & biotech companies hire other companies to conduct the clinical trials, as the companies do not have the expertise, time, or infrastructure to do the same. Outsourcing clinical trials delivers advantages such as cost efficiency, minimum timeline, and best result delivery. Most clinical trials are outsourced to contract research organizations and third-party vendors. It has helped to indicate what works for humans and what doesn't by testing them on humans in a professional setup. Such factors contribute to the demand in the global clinical trials outsourcing market.

Outsourcing clinical trials delivers significant advantages in terms of cost as well. Clinical drug development trials are vital, requiring higher expenditure and high-class infrastructure and expertise. Clinical trial processes are complex, so sponsors continuously face pressure from regulatory authorities, insurers, and medical communities to reduce costs by improving development size, pipeline expansion, drug quality, and safety and to meet regulatory expectations.

Most Biopharmaceutical companies spend their higher expenditure on research & development activities and clinical trials, and in the end, lower chances of success rate impact the company’s growth largely. Outsourcing clinical trials efficiently reduces this complexity. Remote trials can reduce around 25 to 30% trials cost due to the services associated with patient travel and the number of staff required to monitor the site, boosting the global Outsourcing clinical trials market.

Across the world, the rising patient population is one of the major problems for developed countries, as their healthcare expenditure is increasing. Hence, there is a demand for advanced treatments which provide value-based solutions to the patients.  Biopharmaceutical companies constantly look for new drugs and derived clinical trial activities. Research and development activities are significant in the pharmaceutical and biopharmaceutical industry, giving high potential for the clinical trial outsourcing market and related activities.

Impact of COVID-19 Pandemic

The COVID-19 gave an absolute massive shift and forced the clinical trial industries to look for outsourcing. Clinical trial complexity is a significant factor that drives clinical trial outsourcing. Robust pipelines and stringent regulations in clinical trials operate the clinical development services.

Virtual Clinical Trials Market: Future of Clinical Trial Outsourcing Market

Virtual clinical trials is a rapidly increasing trend in biopharma industries. It is one of the new clinical trial models, a highly underutilized method for conducting clinical trials and clinical research. Virtual clinical trials are cost-effective, time-saving, and easier for participants. Virtual collaboration strategies in clinical trials, using clinical trials software, allow businesses to work rapidly and more efficiently, eliminates the need for document sharing to additional office locations, and reduce the burden helping the clinical trial outsourcing market grow.

KEY HIGHLIGHTS

  • Downscaling the companies, managing the cost of the research, and reducing the expenditure has led to raised clinical trial outsourcing by the biopharmaceutical industry. The three significant factors, globalization, digitalization, and personalized medicines, highly impacted the clinical trials industries. These three major factors have positively influenced the global clinical trial outsourcing market growth in recent years.
  • The Indian biotech industry alone accounts for 2,700 start-ups, and the estimated number will increase to 10,000 by 2024. Globally, more than 2,093,000 pharma start-ups are running in the market; this rise in smaller companies will boost the clinical trials outsourcing market.
  • Synthetic data improving clinical development minimizes or replaces the control arm of the clinical trials, reducing the demand for patient recruitment, saving time and money, and eliminating the ethical issues regarding the placebo.

MARKET TRENDS

  • Implementing artificial intelligence (AI) in clinical trials is a revolutionizing technology, primarily adopted among large CROs. Recently, AI applications were rapidly explored during the COVID-19 pandemic period accelerating the clinical trials for a faster cure for the pandemic. AI (Artificial Intelligence) helps make every clinical trial stage more efficient with design and patient recruitment and retention, followed by clinical trials outsourcing services by contract research organizations. It also allowed the companies to manage the extensive data without errors and make decisions accordingly, which has helped grow the global clinical trials outsourcing market.
  • Rare diseases will be a great opportunity for the global clinical trials outsourcing market due to the limited patient population and rising prevalence of rare diseases globally. For outsourcing leaders, patient recruitment and retention is easy with the rising prevalence of rare diseases in low-middle companies. These CROs have a good partnership with government bodies and large healthcare providers to recruit patients. Most outsourcing companies are based in low-middle-income countries. Also, the increasing demand for large molecules and personalized medicines such as cell and gene therapies drive the CRO outsourcing market.
  • An increasing number of small biopharma companies is one of the best global clinical trials outsourcing market opportunities. Small and medium-sized biopharma companies account for a higher number of clinical trials. Due to lower capital availability, lack of infrastructure, and expertise, small biopharma companies look towards outsourcing clinical trials.
  • Pharmaceutical and biotech companies are relying on research and development activities to develop new drugs. Rising expenditure on clinical research and development will deliver high clinical trials outsourcing market growth opportunities.
  • In the pharma & biopharma industries, research & development activities by outsourcing are consistently increasing, which triggered the strategic partnership and R&D collaboration. Most of the associations are structured on an outcome base model and help each other to ensure that the goals are aligned with the delivery required by the contract research organizations. Outsourcing is the most common activity, and it is effective and that’s why most sponsors choose to outsource to develop a drug with the help of contract research organizations, which has helped the global clinical trials outsourcing market to grow. Several drugs are developed under outsourcing services outside the pharma companies and laboratories.

SEGMENTATION INSIGHTS

INSIGHTS BY PHASE
By phase, the global clinical trials outsourcing market segments: Phase I, Phase II, Phase III & Phase IV. Phase III accounts for the largest global clinical trial outsourcing market share. Lower chances of new drugs passing from phase II to phase III, clinical trials outsourcing services prominently focus on a well-established analysis of phase II clinical trials. In phase III, outsourcing services check the side effects, the efficacy rate of drugs, and how specifically new drugs work compared to existing standard drugs.

INSIGHTS BY APPLICATION

Cancer is one of the leading and highly impacting worldwide diseases responsible for deaths. Due to the increasing prevalence of cancer conditions, demand increase for medications. In 2021, the cancer segment accounted for 33.64% market share in the global clinical trial outsourcing market. By application, the clinical trial outsourcing market is segmented into cancer, cardiovascular disease, nervous system disease, infectious disease, gastroenterology diseases, Musculoskeletal disease, nervous system, and other disease applications.

INSIGHTS BY END-USERS
The clinical trials outsourcing market by end-users is segmented into two types of companies Small & Mid-Size Companies and large size companies. In which small & mid-size companies segment accounted for higher market share and dominated the other segments. Large companies have annual revenue of over USD 10 billion, and small companies have less than USD 1 billion in revenue.

Due to high research and development activities for new drugs by pharmaceutical and biotech companies, the later stages of the clinical trials are usually outsourced, and only the initial discovery phase is performed in-house. The increasing number of small and mid-size biopharmaceutical companies and the presence of big biotech and pharma companies’ demanding clinical trial activities are consistently increasing globally, boosting the global clinical trial outsourcing market.

GEOGRAPHICAL ANALYSIS  

  • North America dominates the global clinical trials outsourcing market, with a 34.33% higher market share. The primary factors driving the region’s growth can be attributed to many vendors available for clinical trials and a massive flow of investments in the clinical trials. The U.S. and Canada are the two major countries performing high clinical trials in North America. The number of clinical trials outsourcing is high due to the presence of big pharma and biotech companies in the region, high expenditure on drug development activities, and a favorable environment for drug discovery and expertise. In addition, there is high adoption of clinical trial outsourcing services due to the new entries of small and mid-size biopharma CRO companies, new start-ups, and high investments by the companies.
  • Europe stands at the second position in the global clinical trial outsourcing market with a market share of 31.14 % globally. Europe is one of the regions which firstly accommodates the advanced technologies and also plans to reduce the expenditure on the process. This has made the large biotechnology and pharma companies to depend on clinical trial outsourcing.
  • APAC is the rapidly growing market for clinical trial outsourcing due to its low cost, high patient population, and lenient regulations on clinical trials. The rapid growth in APAC clinical research market has created a massive demand in the clinical trials outsourcing market. Asian countries like China and India are largely providing favorable market conditions to conduct clinical trials in their countries. This is largely attracting Western vendors to conduct clinical trials in Asian countries. Further, many CROs are slowly rising in Asia-Pacific countries.
  • In recent years, clinical trial outsourcing has shifted toward the emerging market. Emerging markets such as low-middle-income countries are the best geography for this market due to the high patient population and unaffordable pricing of new treatments or existing treatments in the LMICs.
  • On the other side, some emerging markets, such as BRICS (Brazil, Russia, India, China, and South Africa), have a better opportunity for clinical trials outsourcing market. These emerging geographies have a high potential for outsourcing trials. High patient pool demography is one of the strong reasons for outsourcing in those countries.

VENDOR LANDSCAPE

The global clinical trial outsourcing market is highly competitive. Many international, national, regional, and local market players make it competitive by delivering high advances and outsourcing services. Increasing competition in the pharma industry directly impacts clinical trial outsourcing market competitiveness. Also, the lower success rate of clinical trials, outsourcing services highly focused on the successful delivery and best result of clinical trials and try to be achieved high market size in the international market.

In the global clinical trial outsourcing market, some key players such as IQVIA, Labcorp, Charles River Laboratory, Wuxi AppTec, Syneos Health, PPD (Thermo Fisher Scientific), and Icon Plc are contributing to the high market size by delivering high-quality outsourcing services for biopharma companies, government, and academic institutes. The key strategy adoptions such as partnership, collaboration with key players, and other prominent players make high competition in the market. These key strategies of major market players and increased the clinical research studies by them derived high market share in the market.

Frequently Asked Questions

What is the expected growth of the clinical trials outsourcing market in the global market?

The clinical trials outsourcing market was valued at USD 38.14 billion in 2021 and is expected to reach USD 56.30 billion industry by 2027 with a CAGR of 6.71%.

Who are the major players in the clinical trials outsourcing market?

Major clinical trial outsourcing market players are Charles River Laboratories, IQVIA, ICON plc, Labcorp Drug Development, Syneos Health, Thermo Fischer Scientific, Wuxi AppTec, and Paraxel.

What is the Growth Rate of the clinical trials outsourcing market?

The clinical trials outsourcing market will grow by 6.71% from 2021-2027.

How does COVID-19 impact the market growth of clinical trials outsourcing market share?

The COVID-19 pandemic has given an absolute massive shift and has forced the clinical trial industries to look for outsourcing.

What are the factors driving the clinical trials outsourcing market growth?

The rising need for drug discovery and increasing expenditure, increasing demand for large-molecule development, rare disease & personalized medicines are some factors driving the market growth.

The clinical trials outsourcing market by revenue is expected to grow at a CAGR of close to 6.71% during the period 2022–2027.

The following factors are likely to contribute to the growth of the clinical trials outsourcing market during the forecast period:

  • Rising Drug Discovery and Increasing Expenditure
  • Increasing Demand for Large Molecule Development, Rare Disease & Personalized Medicines
  • Cost Cutting & Improve Efficiency in Clinical Trials
  • Increasing Strategic Partnerships and R&D Collaborations
  • Rising Drug Discovery and Increasing Expenditure

Base Year: 2021

Forecast Year: 2022-2027

The report considers the present scenario of the clinical trials outsourcing market and its market dynamics for 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyses leading companies and several other prominent companies operating in the market.

Key Vendors:

  • Charles River Laboratories
    • Business Overview
    • Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • IQVIA
  • ICON plc
  • Labcorp Drug Development
  • Syneos Health
  • Thermo Fischer Scientific
  • Wuxi AppTec
  • Paraxel

Other Prominent Vendors

  • Advanced Clinical
    • Business Overview
    • Product Offerings
  • Bioanalytix
  • Curia Global
  • CMED
  • Cromos Pharma
  • Criterium
  • KCR SA.
  • Medpace
  • Medelis
  • Oct Group
  • Protrials Research
  • Prometrika
  • Quality Data Services
  • QPS
  • Sofpromed
  • Veristat
  • Worldwide Clinical Trials

Segmentation by Application

  • Cancer
  • CVDs
  • Infectious Diseases
  • Infectious Diseases
  • Musculoskeletal Diseases
  • Nervous System Disorders
  • Other Diseases

Segmentation by Clinical Trial Phase

  • Phase I
  • Phase II
  • Phase III
  • Phase IV

Segmentation by End-Users

  • Small & Mid-Size Companies
  • Large Size Companies

Segmentation by Geography

  • APAC
    • China
    • Japan
    • South Korea
    • Australia
    • India
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE

LIST OF EXHIBITS

EXHIBIT 1 SEGMENTATION OF GLOBAL CLINICAL TRIALS OUTSOURCING MARKET

EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2021

EXHIBIT 3 TOTAL NUMBER OF CLINICAL TRIALS 2000–2020

EXHIBIT 4 CLINICAL TRIALS CONDUCTED BY COUNTRIES UNTIL 2022

EXHIBIT 5 GROWTH DRIVERS FOR CLINICAL TRIAL OUTSOURCING MARKET

EXHIBIT 6 CLINICAL TRIAL BY PHASE OF DEVELOPMENT 1999–2021

EXHIBIT 7 TOTAL NUMBER OF CLINICAL TRIALS BY PHASES 2022

EXHIBIT 8 CLINICAL TRIALS & PRE-FORMULATION CORRELATION

EXHIBIT 9 FACTORS DRIVING CLINICAL TRIAL OUTSOURCING

EXHIBIT 10 ESTIMATED NUMBER OF CLINICAL TRIALS REGISTERED 2000–2023

EXHIBIT 11 IMPACT OF RISING DEMAND FOR PATIENT-CENTRIC & DECENTRALIZED CLINICAL TRIALS

EXHIBIT 12 ADVANTAGES OF VIRTUAL CLINICAL TRIALS

EXHIBIT 13 IMPACT OF REVOLUTIONIZING EFFECTS OF AI ON CLINICAL TRIALS

EXHIBIT 14 BENEFITS OF AI IN CLINICAL TRIALS

EXHIBIT 15 IMPACT OF ENTRY OF START-UPS SPECIALIZING IN DRUG DISCOVERY

EXHIBIT 16 NEW DRUG APPROVALS BY DIFFERENT TYPES OF PHARMACEUTICAL & BIOPHARMACEUTICAL COMPANIES 2009–2018

EXHIBIT 17 IMPACT OF INCREASING ADOPTION OF SYNTHETIC CLINICAL TRIALS

EXHIBIT 18 IMPACT OF SURGE IN DRUG DISCOVERY INITIATIVES & ASSOCIATED EXPENDITURE

EXHIBIT 19 INCREASING EXPENDITURE & RISING DRUG DISCOVERY PROGRAMMES 2000–2021

EXHIBIT 20 NUMBER OF REGISTERED CLINICAL STUDIES 2000–2023

EXHIBIT 21 TOP PHARMACEUTICAL COMPANIES RANKED BY R&D SPENDING (% OF REVENUE)

EXHIBIT 22 DRUGS IN DEVELOPMENT BY THERAPEUTIC AREAS

EXHIBIT 23 IMPACT OF HIGH DEMAND FOR LARGE MOLECULE PRODUCTS & PERSONALIZED MEDICINES

EXHIBIT 24 CLASSIFICATION OF LARGE MOLECULES

EXHIBIT 25 NOVEL NEW DRUGS & BIOLOGICS DRUGS APPROVED BY FDA FOR RARE DISEASES UNTIL 2021

EXHIBIT 26 IMPACT OF INITIATIVES TO IMPROVE EFFICIENCY IN CLINICAL TRIALS

EXHIBIT 27 IMPACT OF RISE IN STRATEGIC PARTNERSHIPS AND R&D COLLABORATIONS

EXHIBIT 28 KEY THEMES FOR OPTIMIZING COLLABORATION EFFECTIVENESS

EXHIBIT 29 IMPACT OF GEOGRAPHICAL LOCATIONS & CRUCIAL REGULATORY ASPECTS FOR CLINICAL TRIALS

EXHIBIT 30 CHALLENGES IN CLINICAL RESEARCH AND CLINICAL TRIALS

EXHIBIT 31 IMPACT OF LONG TIMELINES AND LACK OF TRANSPARENCY & SPECIFICITY

EXHIBIT 32 IMPACT OF INCREASING COMPLEXITY OF CLINICAL TRIALS

EXHIBIT 33 FACTORS RESPONSIBLE FOR INCREASE IN COMPLEXITY OF CLINICAL TRIALS

EXHIBIT 34 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY GEOGRAPHY: MARKET SHARE ANALYSIS 2021 & 2027

EXHIBIT 35 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE: MARKET SHARE ANALYSIS 2021 & 2027

EXHIBIT 36 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION: MARKET SHARE ANALYSIS 2021 & 2027

EXHIBIT 37 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY END USER: MARKET SHARE ANALYSIS 2021 & 2027

EXHIBIT 38 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 39 FIVE FORCES ANALYSIS 2021

EXHIBIT 40 INCREMENTAL GROWTH BY PHASE 2021 & 2027

EXHIBIT 41 GLOBAL PHASE III CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 42 CLINICAL TRIAL OUTSOURCING MARKET BY PHASE 2022-2027

EXHIBIT 43 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE: OVERVIEW

EXHIBIT 44 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE: INCREMENTAL GROWTH

EXHIBIT 45 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE: ABSOLUTE GROWTH

EXHIBIT 46 PROBABILITY OF PHASE III SUCCESS 2010–2020

EXHIBIT 47 GLOBAL PHASE III CLINICAL TRIAL OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 48 GLOBAL PHASE II CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 49 GLOBAL PHASE II CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 50 GLOBAL PHASE IV CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 51 PHASE IV: STUDIES CONDUCTED IN PHASE IV

EXHIBIT 52 GLOBAL PHASE IV CLINICAL TRIAL OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 53 GLOBAL PHASE I CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 54 GLOBAL PHASE I CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 55 INCREMENTAL GROWTH BY APPLICATION 2021 & 2027

EXHIBIT 56 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2022–2027

EXHIBIT 57 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION: OVERVIEW

EXHIBIT 58 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION: INCREMENTAL GROWTH

EXHIBIT 59 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION: ABSOLUTE GROWTH

EXHIBIT 60 ONCOLOGY CLINICAL TRIALS BY PHASE 2020 (%).

EXHIBIT 61 PERCENTAGE OF DRUG PIPELINES DEDICATED TO CANCER 2010–2019

EXHIBIT 62 GLOBAL CANCER CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 63 GLOBAL CANCER CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 64 CARDIOVASCULAR DISEASES: GROUP OF DISEASES OF BLOOD VESSELS AND HEART

EXHIBIT 65 GLOBAL CARDIOVASCULAR DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 66 GLOBAL CARDIOVASCULAR DISEASES CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 67 GLOBAL PREVALENCE OF NEUROLOGICAL DISORDERS 2019–2021

EXHIBIT 68 GLOBAL NERVOUS SYSTEM DISORDERS CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 69 GLOBAL NERVOUS SYSTEM DISORDERS CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 70 PATIENT POPULATION FOR INFECTIOUS DISEASES

EXHIBIT 71 GLOBAL INFECTIOUS DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 72 GLOBAL INFECTIOUS DISEASES CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 73 PREVALENCE OF MUSCULOSKELETAL CONDITIONS WORLDWIDE 2021

EXHIBIT 74 PREVALENCE OF MUSCULOSKELETAL DISEASES BY CONDITION 2021

EXHIBIT 75 GLOBAL MUSCULOSKELETAL DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 76 GLOBAL MUSCULOSKELETAL DISEASES CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 77 GLOBAL GASTROENTEROLOGY DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 78 GLOBAL GASTROENTEROLOGY DISEASES CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 79 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY OTHER DISEASES: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 80 GLOBAL OTHER DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 81 INCREMENTAL GROWTH BY END USER 2021 & 2027

EXHIBIT 82 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2022–2027

EXHIBIT 83 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY END-USER: OVERVIEW

EXHIBIT 84 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY END-USER: GROWTH POTENTIAL

EXHIBIT 85 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY END USER: INCREMENTAL GROWTH

EXHIBIT 86 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY END USER: ABSOLUTE GROWTH

EXHIBIT 87 NUMBER OF SMALL PHARMACEUTICAL/ BIOTECHNOLOGY COMPANIES WITH ACTIVE PIPELINES 2010–2019

EXHIBIT 88 DRIVERS FOR CLINICAL TRIAL OUTSOURCING BY SMALL- & MID-SIZE PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES

EXHIBIT 89 SMALL PHARMACEUTICAL/BIOTECHNOLOGY COMPANIES CONTRIBUTION TO NEW DRUG APPROVAL BY FDA  2020

EXHIBIT 90 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY SMALL & MID SIZE ENTERPRISES 2021–2027 ($ BILLION)

EXHIBIT 91 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY SMALL & MID SIZE ENTERPRISES: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 92 TOP PHARMA COMPANIES WITH HIGH R&D EXPENDITURE 2021 (CHANGE FROM 2020-%) BILLION

EXHIBIT 93 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY LARGE ENTERPRISES: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 94 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY LARGE ENTERPRISES 2021–2027 ($ BILLION)

EXHIBIT 95 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027

EXHIBIT 96 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY GEOGRAPHY 2022-2027

EXHIBIT 97 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY GEOGRAPHY: INCREMENTAL GROWTH

EXHIBIT 98 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY GEOGRAPHY: ABSOLUTE GROWTH

EXHIBIT 99 NORTH AMERICA CLINICAL TRIALS OUTSOURCING MARKET 2000–2021

EXHIBIT 100 NORTH AMERICA CLINICAL TRIALS OUTSOURCING MARKET: KEY COUNTRIES

EXHIBIT 101 NORTH AMERICA CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 102 NORTH AMERICA CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 103 INCREMENTAL GROWTH IN NORTH AMERICA 2021 & 2027

EXHIBIT 104 PERCENTAGE OF REGISTERED CLINICAL STUDIES BY LOCATION APRIL 2022 (TOTAL 410,703)

EXHIBIT 105 CLINICAL TRIALS IN DIFFERENT THERAPEUTIC AREAS ACROSS US 2019

EXHIBIT 106 US CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 107 CANADA: WORLD LEADING DESTINATION FOR CLINICAL TRIALS

EXHIBIT 108 CANADA CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 109 EUROPE CLINICAL TRIALS OUTSOURCING MARKET: KEY COUNTRIES

EXHIBIT 110 EUROPE CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 111 EUROPE CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 112 INCREMENTAL GROWTH IN EUROPE 2021 & 2027

EXHIBIT 113 INDUSTRY-SPONSORED CLINICAL TRIALS IN GERMANY 2011–2020 (%)

EXHIBIT 114 INDUSTRY-SPONSORED CLINICAL TRIALS FOR DIFFERENT THERAPEUTIC AREAS IN GERMANY 2020 (%)

EXHIBIT 115 GERMANY CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 116 CLINICAL TRIALS FUNDING & SOURCES IN UK

EXHIBIT 117 UK CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 118 TOP THERAPY AREAS OF INDUSTRY-SPONSORED CLINICAL TRIALS IN FRANCE 2020 (%)

EXHIBIT 119 FRANCE CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 120 SPAIN CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 121 TOP THERAPY AREAS FOR INDUSTRY-SPONSORED CLINICAL TRIALS IN ITALY

EXHIBIT 122 ITALY CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 123 APAC CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 124 REASONS FOR APAC BEING PREFERRED DESTINATION FOR CLINICAL TRIALS OUTSOURCING

EXHIBIT 125 APAC CLINICAL TRIAL OUTSOURCING MARKET: KEY COUNTRIES

EXHIBIT 126 APAC CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 127 INCREMENTAL GROWTH IN APAC 2021 & 2027

EXHIBIT 128 CHINA: FACTORS INFLUENCING CLINICAL TRIAL OUTSOURCING MARKET GROWTH

EXHIBIT 129 CHINA: CLINICAL TRIALS 2012–2021 (TEN YEAR TREND)

EXHIBIT 130 CHINA CLINICAL TRIAL OUTSOURCING DRIVERS

EXHIBIT 131 CHINA CLINICAL TRIAL OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 132 JAPAN CLINICAL TRIAL OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 133 FACTORS TRIGGERING CLINICAL TRIAL OUTSOURCING IN INDIA

EXHIBIT 134 INDIA: CLINICAL TRIALS TEN YEAR TREND 2011–2020 (%)

EXHIBIT 135 INDIA CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 136 AUSTRALIA CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 137 SOUTH KOREA: FACTOR INFLUENCING OUTSOURCING CLINICAL TRIALS DEMAND

EXHIBIT 138 SOUTH KOREA CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 139 LATIN AMERICA CLINICAL TRIALS OUTSOURCING MARKET: KEY COUNTRIES

EXHIBIT 140 LATIN AMERICA CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 141 LATIN AMERICA CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 142 INCREMENTAL GROWTH IN LATIN AMERICA 2021 & 2027

EXHIBIT 143 BRAZIL CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 144 MEXICO CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 145 MIDDLE EAST & AFRICA CLINICAL TRIALS OUTSOURCING MARKET: KEY COUNTRIES

EXHIBIT 146 MIDDLE EAST & AFRICA CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 147 MIDDLE EAST & AFRICA CLINICAL TRIALS OUTSOURCING MARKET: INCREMENT GROWTH & ABSOLUTE GROWTH

EXHIBIT 148 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2021 & 2027

EXHIBIT 149 DRIVERS FOR TURKEY CLINICAL TRIAL OUTSOURCING MARKET

EXHIBIT 150 TURKEY CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 151 NUMBER OF CLINICAL TRIALS IN EGYPT 2008–2017

EXHIBIT 152 EGYPT CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 153 NUMBER OF CLINICAL TRIALS IN EGYPT PER YEAR

EXHIBIT 154 SOUTH AFRICA CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 155 SAUDI ARABIA CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

EXHIBIT 156 PURE & DIVERSIFIED VENDORS IN GLOBAL CLINICAL TRIALS OUTSOURCING MARKET

EXHIBIT 157 VENDORS OFFERING CLINICAL TRIALS OUTSOURCING: MARKET DOMINANCE ANALYSIS

EXHIBIT 158 VENDORS OFFERING CLINICAL TRIALS OUTSOURCING: CAPABILITIES & EXPERTISE ASSESSMENT

EXHIBIT 159 CHARLES RIVER LABORATORIES: REVENUE BY BUSINESS SEGMENT 2021

EXHIBIT 160 CHARLES RIVER LABORATORIES: REVENUE BY CLIENT SEGMENT 2021

EXHIBIT 161 CHARLES RIVER LABORATORIES: REVENUE BY GEOGRAPHY

EXHIBIT 162 CHARLES RIVER LABORATORIES: ANNUAL REVENUE 2019–2021 ($ MILLION)

EXHIBIT 163 IQVIA: REVENUE 2019–2021 ($ MILLION).

EXHIBIT 164 IQVIA: R&D EXPENDITURE 2019–2021 ($ MILLION)

EXHIBIT 165 ICON PLC: ANNUAL REVENUE 2019–2021 ($ MILLION)

EXHIBIT 166 LABCORP DRUG DEVELOPMENT: REVENUE 2019–2021 (MILLION)

EXHIBIT 167 SYNEOS HEALTH: REVENUE 2019–2021 ($ BILLION)

EXHIBIT 168 THERMO FISHER SCIENTIFIC: REVENUE 2019–2021 ($ MILLION)

EXHIBIT 169 THERMO FISHER SCIENTIFIC: REVENUE BY LABORATORY PRODUCTS & BIOPHARMA SERVICES SEGMENT 2019– 2021 ($ MILLION)

EXHIBIT 170 THERMO FISHER SCIENTIFIC: TOTAL REVENUE BY GEOGRAPHIES 2019–2021 ($ MILLION)

EXHIBIT 171 WUXI APPTEC: REVENUE 2019–2021 ($ BILLION)

EXHIBIT 172 WUXI APPTEC: REVENUE BY GEOGRAPHY (%) 2021

LIST OF TABLES

TABLE 1 KEY CAVEATS

TABLE 2 CURRENCY CONVERSION 2015–2021

TABLE 3 GLOBAL PHASE III CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION) (GEOGRAPHY)

TABLE 4 GLOBAL PHASE III CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 (%) (GEOGRAPHY)

TABLE 5 GLOBAL PHASE II CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION) (GEOGRAPHY)

TABLE 6 GLOBAL PHASE II CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 (%) (GEOGRAPHY)

TABLE 7 GLOBAL PHASE IV CLINICAL TRIAL OUTSOURCING MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)

TABLE 8 GLOBAL PHASE IV CLINICAL TRIAL OUTSOURCING MARKET BY GEOGRAPHY 2021–2027 (%)

TABLE 9 GLOBAL PHASE I CLINICAL TRIALS OUTSOURCING MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)

TABLE 10 GLOBAL PHASE I CLINICAL TRIALS OUTSOURCING MARKET BY GEOGRAPHY 2021–2027 (%)

TABLE 11 GLOBAL CANCER CLINICAL TRIALS OUTSOURCING MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)

TABLE 12 GLOBAL CANCER CLINICAL TRIALS OUTSOURCING MARKET BY GEOGRAPHY 2021–2027 (%)

TABLE 13 GLOBAL CARDIOVASCULAR DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION) (GEOGRAPHY)

TABLE 14 GLOBAL CARDIOVASCULAR DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 (%) (GEOGRAPHY)

TABLE 15 GLOBAL NERVOUS SYSTEM DISORDERS CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION) (GEOGRAPHY)

TABLE 16 GLOBAL NERVOUS SYSTEM DISORDERS CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 (%) (GEOGRAPHY)

TABLE 17 GLOBAL INFECTIOUS DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION) (GEOGRAPHY)

TABLE 18 GLOBAL INFECTIOUS DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 (%) (GEOGRAPHY)

TABLE 19 GLOBAL MUSCULOSKELETAL DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION) (GEOGRAPHY)

TABLE 20 GLOBAL MUSCULOSKELETAL DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 (%) (GEOGRAPHY)

TABLE 21 GLOBAL GASTROENTEROLOGY DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION)

TABLE 22 GLOBAL GASTROENTEROLOGY DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 (%)

TABLE 23 GLOBAL OTHER DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 ($ BILLION) (GEOGRAPHY)

TABLE 24 GLOBAL OTHER DISEASES CLINICAL TRIALS OUTSOURCING MARKET 2021–2027 (%) (GEOGRAPHY)

TABLE 25 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY SMALL & MID SIZE ENTERPRISES 2021–2027 ($ BILLION)

TABLE 26 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY SMALL & MID SIZE ENTERPRISES 2021–2027 (%)

TABLE 27 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY LARGE ENTERPRISES 2021–2027 ($ BILLION) (GEOGRAPHY)

TABLE 28 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY LARGE ENTERPRISES 2021–2027 (%) (GEOGRAPHY)

TABLE 29 NORTH AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 ($ BILLION)

TABLE 30 NORTH AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 (%)

TABLE 31 NORTH AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 ($ BILLION)

TABLE 32 NORTH AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 (%)

TABLE 33 NORTH AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027 ($ BILLION)

TABLE 34 NORTH AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027 (%)

TABLE 35 EUROPE CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 ($ BILLION)

TABLE 36 EUROPE CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 (%)

TABLE 37 EUROPE CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 ($ BILLION)

TABLE 38 EUROPE CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 (%)

TABLE 39 EUROPE CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027 ($ BILLION)

TABLE 40 EUROPE CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027 (%)

TABLE 41 APAC CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 ($ BILLION)

TABLE 42 APAC CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 (%)

TABLE 43 APAC CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 ($ BILLION)

TABLE 44 APAC CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 (%)

TABLE 45 APAC CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027  ($ BILLION)

TABLE 46 APAC CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027 (%)

TABLE 47 LATIN AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 ($ BILLION)

TABLE 48 LATIN AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 (%)

TABLE 49 LATIN AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 ($ BILLION)

TABLE 50 LATIN AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 (%)

TABLE 51 LATIN AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027 ($ BILLION)

TABLE 52 LATIN AMERICA CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027 (%)

TABLE 53 MIDDLE EAST & AFRICA CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 ($ BILLION)

TABLE 54 MIDDLE EAST & AFRICA CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 (%)

TABLE 55 MIDDLE EAST & AFRICA CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 ($ BILLION)

TABLE 56 MIDDLE EAST & AFRICA CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 (%)

TABLE 57 MIDDLE EAST & AFRICA CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027 ($ BILLION)

TABLE 58 MIDDLE EAST & AFRICA CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027 (%)

TABLE 59 CHARLES RIVER LABORATORIES: MAJOR PRODUCT OFFERINGS

TABLE 60 IQVIA: MAJOR PRODUCT OFFERINGS

TABLE 61 ICON PLC: MAJOR PRODUCT OFFERINGS

TABLE 62 LABCORP DRUG DEVELOPMENT: MAJOR SERVICE OFFERINGS

TABLE 63 SYNEOS HEALTH: MAJOR SERVICE OFFERINGS

TABLE 64 THERMO FISHER SCIENTIFIC: MAJOR SERVICE OFFERINGS

TABLE 65 WUXI APPTEC: MAJOR SERVICE OFFERINGS

TABLE 66 PARAXEL: MAJOR SERVICE OFFERINGS

TABLE 67 ADVANCED CLINICAL: MAJOR SERVICE OFFERINGS

TABLE 68 BIOANALYTIX: MAJOR SERVICE OFFERINGS

TABLE 69 CURIA GLOBAL: MAJOR SERVICE OFFERINGS

TABLE 70 CMED: MAJOR SERVICE OFFERINGS

TABLE 71 CROMOS PHARMA: MAJOR SERVICE OFFERINGS

TABLE 72 CRITERIUM: MAJOR SERVICE OFFERINGS

TABLE 73 KCR S.A.: MAJOR SERVICE OFFERINGS

TABLE 74 MEDPACE: MAJOR SERVICE OFFERINGS

TABLE 75 MEDELIS: MAJOR SERVICE OFFERINGS

TABLE 76 OCT GROUP: MAJOR SERVICE OFFERINGS

TABLE 77 PROTRIALS RESEARCH: MAJOR SERVICE OFFERINGS

TABLE 78 PROMETRIKA: MAJOR SERVICE OFFERINGS

TABLE 79 QUALITY DATA SERVICES: MAJOR SERVICE OFFERINGS

TABLE 80 QPS: MAJOR SERVICE OFFERINGS

TABLE 81 SOFPROMED: MAJOR SERVICE OFFERINGS

TABLE 82 VERISTAT: MAJOR SERVICE OFFERINGS

TABLE 83 WORLDWIDE CLINICAL TRIALS: MAJOR SERVICE OFFERINGS

TABLE 84 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)

TABLE 85 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY GEOGRAPHY 2021–2027 (%)

TABLE 86 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 ($ BILLION)

TABLE 87 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE 2021–2027 (%)

TABLE 88 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 ($ BILLION)

TABLE 89 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY APPLICATION 2021–2027 (%)

TABLE 90 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027 ($ BILLION)

TABLE 91 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY END USER 2021–2027 (%)

TABLE 92 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE III 2021–2027 ($ BILLION) (GEOGRAPHY)

TABLE 93 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE III 2021–2027 (%) (GEOGRAPHY)

TABLE 94 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE II 2021–2027 (%) (GEOGRAPHY)

TABLE 95 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE II 2021–2027 (%) (GEOGRAPHY)

TABLE 96 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE IV 2021–2027 (%) (GEOGRAPHY)

TABLE 97 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE IV 2021–2027 (%) (GEOGRAPHY)

TABLE 98 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE I 2021–2027 (%) (GEOGRAPHY)

TABLE 99 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY PHASE I 2021–2027 (%) (GEOGRAPHY)

TABLE 100 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY CANCER 2021–2027 (%) (GEOGRAPHY)

TABLE 101 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY CANCER 2021–2027 (%) (GEOGRAPHY)

TABLE 102 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY CARDIOVASCULAR DISEASES 2021–2027 (%) (GEOGRAPHY)

TABLE 103 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY CARDIOVASCULAR DISEASES 2021–2027 (%) (GEOGRAPHY)

TABLE 104 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY NERVOUS SYSTEM DISORDERS 2021–2027 (%) (GEOGRAPHY)

TABLE 105 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY NERVOUS SYSTEM DISORDERS 2021–2027 (%) (GEOGRAPHY)

TABLE 106 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY INFECTIOUS DISEASES 2021–2027 (%) (GEOGRAPHY)

TABLE 107 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY INFECTIOUS DISEASES 2021–2027 (%) (GEOGRAPHY)

TABLE 108 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY MUSCULOSKELETAL DISEASES 2021–2027 (%) (GEOGRAPHY)

TABLE 109 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY MUSCULOSKELETAL DISEASES 2021–2027 (%) (GEOGRAPHY)

TABLE 110 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY GASTROENTEROLOGY DISEASES 2021–2027 (%) (GEOGRAPHY)

TABLE 111 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY GASTROENTEROLOGY DISEASES 2021–2027 (%) (GEOGRAPHY)

TABLE 112 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY OTHER DISEASES 2021–2027 (%) (GEOGRAPHY)

TABLE 113 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY OTHER DISEASES 2021–2027 (%) (GEOGRAPHY)

TABLE 114 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY SMALL & MID-SIZE ENTERPRISES 2021–2027 (%) (GEOGRAPHY)

TABLE 115 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY SMALL & MID-SIZE ENTERPRISES 2021–2027 (%) (GEOGRAPHY)

TABLE 116 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY LARGE ENTERPRISES 2021–2027 (%) (GEOGRAPHY)

TABLE 117 GLOBAL CLINICAL TRIALS OUTSOURCING MARKET BY LARGE ENTERPRISES 2021–2027 (%) (GEOGRAPHY)

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET SEGMENTATION BY CLINICAL TRIAL PHASE

4.3.2 MARKET SEGMENTATION BY APPLICATION

4.3.3 MARKET SEGMENTATION BY END USER

4.3.4 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 INTRODUCTION

7.1 OVERVIEW

8 PREMIUM INSIGHTS

8.1 OVERVIEW

8.1.1 TRENDS IN CLINICAL TRIALS OUTSOURCING

9 MARKET OPPORTUNITIES & TRENDS

9.1 RISING DEMAND FOR PATIENT-CENTRIC & DECENTRALIZED CLINICAL TRIALS

9.2 REVOLUTIONIZING EFFECTS OF AI ON CLINICAL TRIALS

9.3 ENTRY OF START-UPS SPECIALIZING IN DRUG DISCOVERY

9.4 INCREASING ADOPTION OF SYNTHETIC CLINICAL TRIALS

10 MARKET GROWTH ENABLERS

10.1 SURGE IN DRUG DISCOVERY INITIATIVES AND ASSOCIATED EXPENDITURE

10.2 HIGH DEMAND FOR LARGE MOLECULE PRODUCTS & PERSONALIZED MEDICINES

10.3 INITIATIVES TO IMPROVE EFFICIENCY IN CLINICAL TRIALS

10.4 RISE IN STRATEGIC PARTNERSHIPS AND R&D COLLABORATIONS

11 MARKET RESTRAINTS

11.1 GEOGRAPHICAL LOCATIONS AND CRUCIAL REGULATORY ASPECTS FOR CLINICAL TRIALS

11.2 LONG TIMELINES AND LACK OF TRANSPARENCY & SPECIFICITY

11.3 INCREASING COMPLEXITY OF CLINICAL TRIALS

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.1.1 INSIGHTS BY GEOGRAPHY

12.1.2 INSIGHTS BY CLINICAL TRIALS PHASE

12.1.3 INSIGHTS BY APPLICATION

12.1.4 INSIGHTS BY END USERS

12.2 MARKET SIZE & FORECAST

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

13 PHASE

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.1.1 MARKET SIZE & FORECAST

13.2 MARKET OVERVIEW

13.3 PHASE III

13.3.1 MARKET OVERVIEW

13.3.2 MARKET BY GEOGRAPHY

13.4 PHASE II

13.4.1 MARKET OVERVIEW

13.4.2 MARKET SIZE & FORECAST

13.4.3 MARKET BY GEOGRAPHY

13.5 PHASE IV

13.5.1 MARKET OVERVIEW

13.5.2 MARKET SIZE & FORECAST

13.5.3 MARKET BY GEOGRAPHY

13.6 PHASE I

13.6.1 MARKET OVERVIEW

13.6.2 MARKET SIZE & FORECAST

13.6.3 MARKET BY GEOGRAPHY

14 APPLICATION

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 CANCER

14.3.1 MARKET OVERVIEW

14.3.2 MARKET SIZE & FORECAST

14.3.3 MARKET BY GEOGRAPHY

14.4 CARDIOVASCULAR DISEASES

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

14.4.3 MARKET BY GEOGRAPHY

14.5 NERVOUS SYSTEM DISORDERS

14.5.1 MARKET OVERVIEW

14.5.2 MARKET SIZE & FORECAST

14.5.3 MARKET BY GEOGRAPHY

14.6 INFECTIOUS DISEASES

14.6.1 MARKET OVERVIEW

14.6.2 MARKET SIZE & FORECAST

14.6.3 MARKET BY GEOGRAPHY

14.7 MUSCULOSKELETAL DISEASES

14.7.1 MARKET OVERVIEW

14.7.2  MARKET SIZE & FORECAST

14.7.3 MARKET BY GEOGRAPHY

14.8 GASTROENTEROLOGY DISEASES

14.8.1 MARKET OVERVIEW

14.8.2 MARKET SIZE & FORECAST

14.8.3 MARKET BY GEOGRAPHY

14.9 OTHERS

14.9.1 MARKET OVERVIEW

14.9.2 MARKET SIZE & FORECAST

14.9.3 MARKET BY GEOGRAPHY

15 END USER

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.3 SMALL & MID-SIZE COMPANIES

15.3.1 MARKET OVERVIEW

15.3.2 MARKET SIZE & FORECAST

15.3.3 MARKET BY GEOGRAPHY

15.4 LARGE ENTERPRISES

15.4.1 MARKET OVERVIEW

15.4.2 MARKET SIZE & FORECAST

15.4.3 MARKET BY GEOGRAPHY

16 GEOGRAPHY

16.1 MARKET SNAPSHOT & GROWTH ENGINE

16.2 GEOGRAPHIC OVERVIEW

17 NORTH AMERICA

17.1 MARKET OVERVIEW

17.2 MARKET SIZE & FORECAST

17.3 PHASE

17.3.1 MARKET SIZE & FORECAST

17.4 APPLICATION

17.4.1 MARKET SIZE & FORECAST

17.5 END USER

17.5.1 MARKET SIZE & FORECAST

17.6 KEY COUNTRIES

17.6.1 US: MARKET SIZE & FORECAST

17.6.2 CANADA: MARKET SIZE & FORECAST

18 EUROPE

18.1 MARKET OVERVIEW

18.2 MARKET SIZE & FORECAST

18.3 PHASE

18.3.1 MARKET SIZE & FORECAST

18.4 APPLICATION

18.4.1 MARKET SIZE & FORECAST

18.5 END USER

18.5.1 MARKET SIZE & FORECAST

18.6 KEY COUNTRIES

18.6.1 GERMANY: MARKET SIZE & FORECAST

18.6.2 UK: MARKET SIZE & FORECAST

18.6.3 FRANCE: MARKET SIZE & FORECAST

18.6.4 SPAIN: MARKET SIZE & FORECAST

18.6.5 ITALY: MARKET SIZE & FORECAST

19 APAC

19.1 MARKET OVERVIEW

19.2 MARKET SIZE & FORECAST

19.3 PHASE

19.3.1 MARKET SIZE & FORECAST

19.4 APPLICATION

19.4.1 MARKET SIZE & FORECAST

19.5 END USER

19.5.1 MARKET SIZE & FORECAST

19.6 KEY COUNTRIES

19.6.1 CHINA: MARKET SIZE & FORECAST

19.6.2 JAPAN: MARKET SIZE & FORECAST

19.6.3 INDIA: MARKET SIZE & FORECAST

19.6.4 AUSTRALIA: MARKET SIZE & FORECAST

19.6.5 SOUTH KOREA: MARKET SIZE & FORECAST

20 LATIN AMERICA

20.1 MARKET OVERVIEW

20.2 MARKET SIZE & FORECAST

20.3 PHASE

20.3.1 MARKET SIZE & FORECAST

20.4 APPLICATION

20.4.1 MARKET SIZE & FORECAST

20.5 END USER

20.5.1 MARKET SIZE & FORECAST

20.6 KEY COUNTRIES

20.6.1 BRAZIL: MARKET SIZE & FORECAST

20.6.2 MEXICO: MARKET SIZE & FORECAST

21 MIDDLE EAST & AFRICA

21.1 MARKET OVERVIEW

21.2 MARKET SIZE & FORECAST

21.3 PHASE

21.3.1 MARKET SIZE & FORECAST

21.4 APPLICATION

21.4.1 MARKET SIZE & FORECAST

21.5 END USER

21.5.1 MARKET SIZE & FORECAST

21.6 KEY COUNTRIES

21.6.1 TURKEY: MARKET SIZE & FORECAST

21.6.2 EGYPT: MARKET SIZE & FORECAST

21.6.3 SOUTH AFRICA: MARKET SIZE & FORECAST

21.6.4 SAUDI ARABIA: MARKET SIZE & FORECAST

22 COMPETITIVE LANDSCAPE

22.1 COMPETITION OVERVIEW

22.2 MARKET SHARE ANALYSIS

22.2.1 CHARLES RIVER LABORATORIES

22.2.2 IQVIA

22.2.3 ICON PLC

22.2.4 LABCORP DRUG DEVELOPMENT

22.2.5 SYNEOS HEALTH

22.2.6 THERMO FISCHER SCIENTIFIC

22.2.7 WUXI APPTEC

22.2.8 PARAXEL

23 KEY COMPANY PROFILES

23.1 CHARLES RIVER LABORATORIES

23.1.1 BUSINESS OVERVIEW

23.1.2 PRODUCT OFFERINGS

23.1.3 KEY STRATEGIES

23.1.4 KEY STRENGTHS

23.1.5 KEY OPPORTUNITIES

23.2 IQVIA

23.2.1 BUSINESS OVERVIEW

23.2.2 PRODUCT OFFERINGS

23.2.3 KEY STRATEGIES

23.2.4 KEY STRENGTHS

23.2.5 KEY OPPORTUNITIES

23.3 ICON PLC

23.3.1 BUSINESS OVERVIEW

23.3.2 PRODUCT OFFERINGS

23.3.3 KEY STRATEGIES

23.3.4 KEY STRENGTHS

23.3.5 KEY OPPORTUNITIES

23.4 LABCORP DRUG DEVELOPMENT

23.4.1 BUSINESS OVERVIEW

23.4.2 SERVICE OFFERINGS

23.4.3 KEY STRATEGIES

23.4.4 KEY STRENGTHS

23.4.5 KEY OPPORTUNITIES

23.5 SYNEOS HEALTH

23.5.1 BUSINESS OVERVIEW

23.5.2 SERVICE OFFERINGS

23.5.3 KEY STRATEGIES

23.5.4 KEY STRENGTHS

23.5.5 KEY OPPORTUNITIES

23.6 THERMO FISHER SCIENTIFIC

23.6.1 BUSINESS OVERVIEW

23.6.2 SERVICE OFFERINGS

23.6.3 KEY STRATEGIES

23.6.4 KEY STRENGTHS

23.6.5 KEY OPPORTUNITIES

23.7 WUXI APPTEC

23.7.1 BUSINESS OVERVIEW

23.7.2 SERVICE OFFERINGS

23.7.3 KEY STRATEGIES

23.7.4 KEY STRENGTHS

23.7.5 KEY OPPORTUNITIES

23.8 PARAXEL

23.8.1 BUSINESS OVERVIEW

23.8.2 SERVICE OFFERINGS

23.8.3 KEY STRATEGIES

23.8.4 KEY STRENGTHS

23.8.5 KEY OPPORTUNITIES

24 OTHER PROMINENT VENDORS

24.1 ADVANCED CLINICAL

24.1.1 BUSINESS OVERVIEW

24.1.2 SERVICE OFFERINGS

24.2 BIOANALYTIX

24.2.1 BUSINESS OVERVIEW

24.2.2 SERVICE OFFERINGS

24.3 CURIA GLOBAL

24.3.1 BUSINESS OVERVIEW

24.3.2 SERVICE OFFERINGS

24.4 CMED

24.4.1 BUSINESS OVERVIEW

24.4.2 SERVICE OFFERINGS

24.5 CROMOS PHARMA

24.5.1 BUSINESS OVERVIEW

24.5.2 SERVICE OFFERINGS

24.6 CRITERIUM

24.6.1 BUSINESS OVERVIEW

24.6.2 SERVICE OFFERINGS

24.7 KCR S.A.

24.7.1 BUSINESS OVERVIEW

24.7.2 SERVICE OFFERINGS

24.8 MEDPACE

24.8.1 BUSINESS OVERVIEW

24.8.2 SERVICE OFFERINGS

24.9 MEDELIS

24.9.1 BUSINESS OVERVIEW

24.9.2 SERVICE OFFERINGS

24.10 OCT GROUP

24.10.1 BUSINESS OVERVIEW

24.10.2 SERVICE OFFERINGS

24.11 PROTRIALS RESEARCH

24.11.1 BUSINESS OVERVIEW

24.11.2 SERVICE OFFERINGS

24.12 PROMETRIKA

24.12.1 BUSINESS OVERVIEW

24.12.2 SERVICE OFFERINGS

24.13 QUALITY DATA SERVICES

24.13.1 BUSINESS OVERVIEW

24.13.2 SERVICE OFFERINGS

24.14 QPS

24.14.1 BUSINESS OVERVIEW

24.14.2 SERVICE OFFERINGS

24.15 SOFPROMED

24.15.1 BUSINESS OVERVIEW

24.15.2 SERVICE OFFERINGS

24.16 VERISTAT

24.16.1 BUSINESS OVERVIEW

24.16.2 SERVICE OFFERINGS

24.17 WORLDWIDE CLINICAL TRIALS

24.17.1 BUSINESS OVERVIEW

24.17.2 SERVICE OFFERINGS

25 REPORT SUMMARY

25.1 KEY TAKEAWAYS

25.2 STRATEGIC RECOMMENDATIONS

26 QUANTITATIVE SUMMARY

26.1 MARKET BY GEOGRAPHY

26.2 MARKET BY PHASE

26.3 MARKET BY APPLICATION

26.4 MARKET BY END USER

26.5 MARKET BY PHASE

26.5.1 PHASE III: GEOGRAPHY DISTRIBUTION

26.5.2 PHASE II: GEOGRAPHY DISTRIBUTION

26.5.3 PHASE IV: GEOGRAPHY DISTRIBUTION

26.5.4 PHASE I: GEOGRAPHY DISTRIBUTION

26.6 MARKET BY APPLICATION

26.6.1 CANCER: GEOGRAPHY DISTRIBUTION

26.6.2 CARDIOVASCULAR DISEASES (CVDS): GEOGRAPHY DISTRIBUTION

26.6.3 NERVOUS SYSTEM DISORDERS: GEOGRAPHY DISTRIBUTION

26.6.4 INFECTIOUS DISEASES: GEOGRAPHY DISTRIBUTION

26.6.5 MUSCULOSKELETAL DISEASES: GEOGRAPHY DISTRIBUTION

26.6.6 GASTROENTEROLOGY DISEASES: GEOGRAPHY DISTRIBUTION

26.6.7 OTHER DISEASES: GEOGRAPHY DISTRIBUTION

26.7 MARKET BY END USER

26.7.1 SMALL & MID-SIZE COMPANIES: GEOGRAPHY DISTRIBUTION

26.7.2 LARGE ENTERPRISES: GEOGRAPHY DISTRIBUTION

27 APPENDIX

27.1 ABBREVIATIONS

Select a license type that suits your business needs

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  • Free 10% or 3 days of customization
  • Free post-sale service assistance
  • Continuous support through email

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  • Report accessible by 5 users within the organization
  • Free 15% or 4.5 days of customization
  • Continuous support through email and telephone
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  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge

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$4995.00
  • Free Datasheet worth $1500
  • Report accessible by the entire organization
  • Free 20% or 6 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Direct access to lead analysts
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge

Datasheet Licence

$1500.00
  • Report accessible by 1 user only
  • Free 15% or 32 hours of customization
  • Free post-sale service assistance
  • Direct access to lead analysts

Frequently Asked Questions

What is the expected growth of the clinical trials outsourcing market in the global market?

The clinical trials outsourcing market was valued at USD 38.14 billion in 2021 and is expected to reach USD 56.30 billion industry by 2027 with a CAGR of 6.71%.

Who are the major players in the clinical trials outsourcing market?

Major clinical trial outsourcing market players are Charles River Laboratories, IQVIA, ICON plc, Labcorp Drug Development, Syneos Health, Thermo Fischer Scientific, Wuxi AppTec, and Paraxel.

What is the Growth Rate of the clinical trials outsourcing market?

The clinical trials outsourcing market will grow by 6.71% from 2021-2027.

How does COVID-19 impact the market growth of clinical trials outsourcing market share?

The COVID-19 pandemic has given an absolute massive shift and has forced the clinical trial industries to look for outsourcing.

What are the factors driving the clinical trials outsourcing market growth?

The rising need for drug discovery and increasing expenditure, increasing demand for large-molecule development, rare disease & personalized medicines are some factors driving the market growth.