Informing the drug development and pharmaceutical manufacturing industry. Raleigh, N.C. – September 25, 2018 – Industry Standard Research (ISR) has announced the newest edition of its CRO market analysis report “2018 CRO Market Size Projections: 2017-2022.” For this report, ISR has utilized publicly available information from biopharma, government, private, non-profit, and academic institutions as well as proprietary research data to provide a thorough, rational perspective for the clinical development services industry.
“To create this report, we do not simply add another column/year to our forecast, we evaluate industry forces to see how they might impact the entire forecast period,” explains Andrew Schafer, President of Industry Standard Research. “ISR’s unique access to high-quality primary market research data coupled with the top-down approach we use to segment total spend by phase, geography, and service line provides forecasting data that all parties interested in this industry should have.”
ISR uses a “top-down” approach to market sizing for the CRO market by looking at overall R&D spending, then splitting out the Research from the Development, and then looking at the Phase I-IV market, and applying outsourcing percentages. The report also analyzes and presents the CRO market across development phase, geography, and service line.
Schafer continues, “2017 was another solid growth year for CROs, projecting a CAGR from 2017 to 2022 of 7.5%. Remember that a lot can (and will) change between now and 2022, but we believe the fundamentals are in place for a growing outsourced clinical development market.”
For more information on ISR’s “2018 CRO Market Size Projections: 2017-2022” report, please visit ISR’s report page.
About Industry Standard Research Industry Standard Research is the premier, full-service market research provider to the pharma and pharma services industries. With over a decade of experience, ISR delivers an unmatched level of domain expertise. For more information about ISR’s off-the-shelf intelligence and custom research offerings, please visit the company’s Web site at www.ISRreports.com, email info@ISRreports.com, or follow ISR on Twitter @ISRreports.
