Rising frequency of outsourcing RD activities by the major pharmaceutical companies is driving the market revenue growth
The global in vivo CRO market size reached USD 3.61 Billion in 2020 and is expected to reach USD 6.44 Billion in 2028 and register a CAGR of 8.6% over the forecast period, according to latest analysis by Reports and Data. The in vivo CRO market revenue growth is fueled by various factors including increasing demand for the CROs (Contract Research Organization) in pharmaceutical drug development, rising price competition among companies, and growing requirement to reduce cost combined with rising demand for advanced products. Additionally, changing regulatory policies in several organizations, and increasing chronic medical conditions are some of the factors also expected to contribute to the revenue growth of the global in vivo CRO market during the forecast period. Furthermore, the in vivo CRO market revenue growth is increasing at a significant extent, as drug manufacturers increases their pipeline products in order to develop as well as manufacture new molecule to sustain in the market with good profit, and with a patent product.
In vivo CRO refers to the preclinical testing performed for disease pathology and drug discovery. They provide valuable information about the collection and investigation of data for the development of new drugs required in the treatment of several indications such as diabetes, autoimmune disorders, cancer, and others. Moreover, Contract Research Organization (CRO) services benefit various sponsors/manufacturers to focus completely on the production capacity, augmenting their in-house processes. Furthermore, the availability of a wide range of services from drug discovery to post-marketing surveillance has made it easy for small-scale and mid-size biotechnological and pharmaceutical companies in outsourcing other services which are beyond their core expertise.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
Pharmaceutical Product Development, LLC (PPD), Quintiles, ICON Plc., Parexel International, American Preclinical Services, LLC, Covance Inc., Theorem Clinical research, WuXi AppTec, Inc., inVentiv Health, Evotec (US), Inc., and Charles River Laboratories.
Market Segmentation by Types:
Product Type Outlook (Revenue, USD Billion, 2018 - 2028)
- Rodent Based
- Non-Rodent Based
- Guinea Pigs
GLP Type Outlook (Revenue, USD Billion, 2018 - 2028)
- Non GLP
- In House
- GLP Toxicology
- In House
Indication Outlook (Revenue, USD Billion, 2018 - 2028)
- Autoimmune/ Inflammatory Conditions
- Rheumatoid Arthritis
- Multiple Sclerosis
- Irritable Bowel Syndrome
- Pain Management
- Chronic Pain
- Acute Pain
- Blood Cancer
- Solid Tumor
- Syngeneic Model
- Patient Derived Xenograft
- CNS conditions
- Parkinson’s Disease
- Huntington’s Disease
- Traumatic Brain Injury
- Muscle Regeneration
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global In vivo CRO market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Further key findings in the report
- Based on product type, the rodent based in vivo CRO testing segment accounted for the largest revenue share in the global market in 2020. Factors such as better correlation with the human system, and abundant availability of genetically modified species are majorly driving this segment revenue growth. Among rodent based testing, mice are the most extensively used animal.
- In terms of indication type, the oncology segment is predicted to hold the largest revenue share in the global market going ahead, owing to the increasing incidence of cancer cases globally, and rising focus of pharmaceutical players on introducing new drugs with fewer side-effects for treating cancer.
- North America market dominated other regional markets in terms of revenue share in 2020 with major contribution from U.S. Moreover, growing funding has further boosted the research activities in the region. Increasing healthcare spending, and availability of funding and grants from government organizations such as the National Institute of Health (NIH) to foster research activities are a few factors also promoting the revenue growth of the regional market. Rising RD activities, and growing need for reducing overall trial expenditure are the two major factors expected to augment the demand for in vivo CROs in North America.
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