Global Healthcare Contract Research Outsourcing Market to expand at a CAGR of 14.70% by 2018

Healthcare Contract Research Outsourcing Market: Snapshot

Given the shortage of resources for administrative operations, among healthcare providers, it becomes very difficult to deliver high quality patient care. The high cost of having an in-house healthcare research facility not only takes effort, but also time and money. This is creating a demand for healthcare contract research outsourcing so as to enable high level of patient care as with improved drugs and diagnostics. Various healthcare organizations have identified the long-term benefits of using healthcare research outsourcing solutions and services around the world and this is increasing the partnerships with contract research organizations to outsource research activities so as to cut down on production costs without affecting or compromising with the quality of products.

The global healthcare contract research outsourcing market is expected to rise from US$25.08 bn in 2011 to be worth US$65.03 bn by 2018, expanding at a healthy CAGR of 14.70% from 2012 to 2018. A reduction in productivity coupled with huge healthcare research costs are behind the growth of the healthcare contract research outsourcing market. A decrease in the development projects of new drug formulations is another important reason, boosting the global healthcare contract research outsourcing market. Additionally, the globalization of drug development processes is also pushing the market’s development. However, quality issues within the performed research and long duration of approval process will challenge the market’s growth.

Download Complete PDF Brochure:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=800

Clinical Trial Services to Continue Leading in Global Healthcare Contract Research Outsourcing Market

By service type, the healthcare contract research outsourcing market is segmented into clinical trial services, drug discovery, and preclinical studies. Of these, the clinical trial services led the market and was worth US$14.21 bn in 2010. It is expected that this segment will continue to retain its leading position. By destination research group, the market is segmented into contract research organization (CROs), academic medical centers, and clinical trial laboratories. In terms of geography, North America led in the market and is expected to do so in the coming years, trailed by Europe. The Asia Pacific market for healthcare contract research outsourcing is expected to grow remarkably in the coming years. The availability of diverse population is creating ease in patient recruitment and this is one of the major reasons behind the estimated growth of the Asia Pacific healthcare contract research outsourcing market.

Browse Full Research Report:
http://www.transparencymarketresearch.com/hcro-market.html

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
Website:
http://www.transparencymarketresearch.com
Browse market research blog: https://tmrresearch.blogspot.com/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s