Preclinical CRO Market 2022 : Global Industry Perspective, Comprehensive Analysis and Forecast 2030

Preclinical CRO Market Insights:

In a recent research report by Market Research Community, the preclinical CRO market is expected to surpass USD 8.82 Billion by the year 2030, from USD 4.60 Billion in 2021.

A preclinical contract research organization (CRO) is a company that provides services to support the preclinical development of pharmaceuticals, medical devices, and other products. Preclinical development refers to the early stages of product development, during which the safety and effectiveness of a product is tested in a laboratory or animal model before it is tested in humans. Preclinical CROs offer a range of services, including testing products in cell and animal models, conducting toxicology studies, and providing data analysis and reporting.

Preclinical CROs provide support to biopharmaceutical and medical device companies by taking on some of the tasks and responsibilities involved in the early stages of product development. This allows the companies to focus on their core business activities, such as research and development, manufacturing, and marketing, while the CRO handles the preclinical testing and data analysis. Preclinical CROs offer a range of services, including:

• Testing products in cell and animal models to assess their safety and effectiveness
• Conducting toxicology studies to evaluate the potential risks and side effects of a product
• Providing data analysis and reporting to help clients understand the results of their studies

The preclinical CRO market is projected to grow at a significant pace reaching a CAGR of approximately 7.5%, over the forecast period of 2022–2030, despite a considerable fall in Service sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.

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Segment:

By Service

• Bioanalysis and DMPK studies
• Toxicology Testing
• Compound Management
• Chemistry
• Safety Pharmacology
• Other

By Model Type

• Patient-Derived Organoid (PDO) Model
• Patient-derived xenograft model

By end-use

• Biopharmaceutical Companies
• Government and Academic Institutes
• Medical Device Companies

The study is consolidated into major segments and further into sub-segments, such as by Service (Bioanalysis and DMPK studies, Toxicology Testing, Compound Management, Chemistry, Safety Pharmacology, Others) by Model Type (Patient-Derived Organoid (PDO) Model, Patient-derived xenograft model), by end-use (Biopharmaceutical Companies, Government and Academic Institutes, Medical Device Companies) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.  

Lastly, the Preclinical CRO Market Share report includes a regional analysis and country analysis with the latest trends, along with the major key players including Alexion Pharmaceutical Inc., Grifols SA, and Avadel Pharmaceuticals plc. Novartis AG, Pfizer, Inc., AbbVie Inc., F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Bausch Health Companies Inc., and Shire plc. Alexion Pharmaceuticals and Astellas Pharma

 

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