What is In-vivo Contract Research Organization Market Scope?
The institutes doing biopharmaceutical research on a contractual basis are known as in-vivo contract research organisations (CROs). In-vivo CROs are becoming more and more common as small molecule medications are increasingly being replaced by biologics. Rise in research and development activities to commercialize the generic molecule, growing number of therapies, and outsourcing of toxicology and pharmacokinetic investigations in preclinical studies are the drivers of the market. High clinical trial costs, higher concern regarding CRO quality, easy product-associated contamination, shortage of skilled personnel, and availability of suitable animals for certain testing are some of the challenges faced by the market. Due to the large patient population, developing economy, and expanding health care sector, Asia Pacific is anticipated to experience strong growth in the in-vivo CRO market.
In-vivo Contract Research Organization Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rise In Research and Development Activities to Commercialize the Generic Molecule
- Growing Number of Therapies
- Outsourcing of Toxicology and Pharmacokinetic Investigations in Preclinical Studies
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Influencing Trends | - Increased Industry Investment into Biosimilar
- Rising Demand of Collaborations and Agreements to leverage innovation from one another in order to advance biosimilar drug development
- Growing Need for Safety Assessment and Toxicology Services
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Restraints | - Stringent Regulatory across the regions
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Road Blocks / Challenges | - High Clinical Trial Costs
- Higher Concern regarding CRO quality
- Easy Product-Associated Contamination
- Shortage of Skilled Personnel
- Availability of Suitable Animals for Certain Testing
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Gaps & Opportunities | - Pharma MNCs are highly inclined towards Collaboration with CROs for their Product Pipeline Increase in the Number of Elderly People
- Rising Growth of Specific Therapies in the Oncology Pipeline
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The In-vivo Contract Research Organization market study is being classified, by Application and major geographies with country level break-up.
In-vivo Contract Research Organization is a consolidated market as top 5 player’s accounts for nearly 50% of industry revenue. The players are focusing on investing more in research and development activities. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global In-vivo Contract Research Organization market throughout the predicted period.
PPD Inc. (United States), Quintiles (United States), ICON Plc (Ireland), Parexel International Corporation (United States), American Preclinical Services, LLC (United States), Labcorp Drug Development (United States), Theorem Clinical research (United States), WuXi AppTec (China), Syneos Health (United States), Evotec (Germany), Charles River Laboratories (United States) and Liveon Biolabs Pvt.Ltd. (India) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global In-vivo Contract Research Organization market by Type, Application and Region.
On the basis of geography, the market of In-vivo Contract Research Organization has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In October 2021, Plato BioPharma, Inc. ("PBI"), a Colorado-based in vivo pharmacology research and drug discovery company specialising in cardiovascular, renal, pulmonary, and hepatic therapeutic areas, had been acquired by Inotiv, Inc., a leading contract research organisation, specialising in nonclinical and analytical drug discovery and development services, for a price of USD 15 million. This acquisition will help Inotiv's expanding discovery operations in Boulder, Colorado, since PBI is actively expanding its facility capacity to accommodate roughly twice as much business as it already does to meet the rising demand for services.
In February 2022, THREAD, leading technology and global provider enabling electronic clinical outcome assessments (eCOAs) and decentralised clinical trials (DCTs), and EVERSANA, the pioneer of next-generation commercial services to the global life sciences industry, announced a new combined offering to give pharmaceutical companies a comprehensive and simultaneous view of clinical research participants, followed by data and detailed analysis across the care continuum. and In February 2020, the life sciences company IQVIA is a prominent global provider of advanced analytics, technological solutions, and contract research services, announced the introduction of Avacare Clinical Research NetworkTM, a technology-based global site network that expands clinical trial possibilities at established clinical and research sites. Avacare's exclusive analytical technologies assist sites in the Avacare network in better matching patients to clinical trials.
A contract research organisation (CRO), specifically in relation to clinical trials services, is defined by the International Council on Harmonisation of Technical Requirements for Registration of Pharmaceuticals for Human Use, a 2015 Swiss NGO of pharmaceutical corporations and others, as: "A person or an organisation (commercial, academic, or other) contracted by the sponsor to undertake one or more of a sponsor's trial-related obligations and functions”., It further details the sponsor's responsibilities in its good clinical practice guidelines: and • A sponsor may delegate any or all of their trial-related responsibilities to a CRO, but the sponsor will always be ultimately responsible for the accuracy and integrity of the trial data. Quality assurance and quality control should be implemented by the CRO.
Key Target Audience
Pharmaceutical & Biopharmaceutical Companies, Medical Device Companies, Academic Institutes, Regulatory Bodies, Clinical Research Organizations, Research Institutes and End Users
In-vivo Contract Research Organization Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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