Market Synopsis of India CRO Market:
A contract research organization (CRO) provides support to the pharmaceutical, biotechnology, and medical device industries for specific services on a contract basis. The services may be clinical research, product development such as drug development or process development such as bio analytical assay development. A CRO may also provide management services such as clinical trials management, and pharmacovigilance.
India CRO market:
The India CRO market has been evaluated as a growing market and it is expected that the market will touch high growth figures in future. The India CRO market is expected to grow with a CAGR of ~12.00% during the forecast period. The growth will be primary channeled by the growing concerns for cost escalation in pharmaceutical industry and the growth of pharmaceutical industry.
Key Players for India CRO Market:
- Quintiles IMS Holdings, Inc.,
- Pharmaceutical Product Development,
- Siro Clinpharm,
- GVK Bio,
- CliniRX Tangent Research,
- Ecron Acunova,
- Ace Biomed Pvt. Ltd.,
- Actimus Biosciences Pvt. Ltd.,
- Alkem Laboratories Ltd.,
- Actis Biologics Pvt Ltd.
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A contract research organization offers pharmaceutical support services in the form of clinical research, product development such as drug development or process development such as bio analytical assay development etc. India rise to a top destination for CRO due to a variety of factors it possess such as:
- A large English speaking physicians
- Presence of large multispecialty hospitals
- Growth in number of hospitals
- Presence of genetic diverse patients pool for clinical trials
- Good connectivity to the rest of the world
- Presence of diverse types of climatic conditions thus allowing stability studies to be performed
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However the development of regulations for the protection of intellectual property rights is the most critical factor for the growth of the market. The agreements on the patent protection act and the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) along with the developments of guidelines for conduct of clinical trials have been a welcome changes.
India CRO market has been segmented
On the basis of services type which comprises clinical trials, product development, process development, post-marketing surveillance, quality monitoring and others.
On the basis of therapeutic application; market is segmented into oncology, cardiovascular, neurology, nephrology and urology, and others.
On the basis of end users; market is segmented into pharmaceutical/biopharmaceutical companies, medical devices companies and academic institutes.
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Table of Content
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s five forces model
4.1.1 Bargaining Power of suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor’s
4.1.4 Threat of New Entrants
5 India CRO Market, by Service Type
Key questions answered in this report
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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