Dallas, Texas, United States - June 29, 2022 /MarketersMEDIA/ —
The report identifies the Global preclinical research outsourcing services Market, along with all major global preclinical CRO companies. The total preclinical research outsourcing services market is segmented globally and by geographic regions. The service areas provided by preclinical CROs are extensively covered as well. The report offers a detailed examination of preclinical services, analyzes market trends for preclinical research outsourcing services with data from 2020, estimates from 2021, and projections of CAGR through 2026 (forecast period 2021–2026)
Preclinical research outsourcing service providers offer timely and efficient solutions within the preclinical research and drug discovery. Biotech companies outsource preclinical research services to achieve lower costs, improve speed and flexibility, minimize costs and risks, focus on other crucial areas, and access advanced technology or expertise in preclinical research.
Report Includes:
- 24 data tables and 12 additional tables
- An up-to-date review and analysis of the global markets for preclinical research outsourcing services
- Analyses of the global market trends, with historic revenue (sales) data from 2019-2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the global market size for preclinical research outsourcing services, projected growth trends, and corresponding market share analysis by functional services and geographic region
- In-depth information (facts and figures) concerning market drivers, market deterrents and other macroeconomic forces affecting the current and future market demand
- Identification of companies best positioned to meet this demand owing to their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances
- Regulatory structure for preclinical research studies in the pharmaceuticals industry, marketed and pipeline products, pricing and reimbursement structure, and major developments influencing the progress of this market
- Detailed analysis on the strength, weakness, and opportunities of the prominent players operating in the global preclinical research outsourcing services market
- Insight into recent industry structure, current competitive scenario, increasing investments on R&D activities, current pharma/CRO contracts and company value share analysis based on their segmental revenues
- Company profiles of major players, including Eurofins Scientific, IQVIA, Labcorp, SGS SA, and Thermo Fisher
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Owing to benefits such as compelling and consistent success rates, high impact innovative teams, secure and confidential environment, risk sharing opportunities , and timely and efficient solutions, cost/capacity and competency, the preclinical research outsourcing services is experiencing rapid adoption as opposed to traditional in-house preclinical research thus fostering remarkable progress in global preclinical research outsourcing services market.
The key factors driving the growth of global preclinical research outsourcing services market are increasing interest of integrated offering to streamline discovery, increasing focus on earlier safety and toxicology studies to manage pipeline attrition, growing demand for specialized in-vitro assays and in vivo models, rising number of biotech companies but with limited capacity and rising popularity of virtual biotech companies.
The advantages such as consistent delivery of solutions, focused approach maximizing preclinical research success, outsourcing firms equipped with a breadth of expertise across multiple therapeutic areas, best in-class models to support a wide range of study, breadth of scientific expertise, high quality research solutions encourage further adoption of preclinical research outsourcing services driving the global preclinical research outsourcing services market.
Growing pressure on biotech companies to improve R&D productivity is leading to increased portion of outsourced R&D spending on contract research outsourcing. The preclinical research outsourcing range from areas such as drug discovery, preclinical, and clinical services. Timely and efficient solutions and cost saving are the key forces increasing the demand of preclinical research outsourcing services furthering the development of global preclinical research outsourcing services market.
However, decreasing demand for outsourcing toxicology services and challenges in acquiring experienced talent pool is likely to hinder the global preclinical research outsourcing services market. Nevertheless, prominent service provide are capable of delivering timely and efficient solutions to any given problem within preclinical research, increasing R&D expenditures, cost advantages, increasing costs of bringing a molecule to market, ever-increasing cost of drug development are some key forces expected to enable pharmaceutical companies outsource preclinical research. These factors are anticipate to be growth opportunity to the global preclinical research outsourcing services market.
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Contact Info:
Name: Hector Costello
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Organization: Orbis Research
Website: https://www.orbisresearch.com/reports/index/preclinical-research-outsourcing-services-global-markets
Release ID: 89077577
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