Oncology Based Preclinical CRO Market was valued at USD 6.5 Billion in 2022 and is projected to reach USD 11.2 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The global oncology-based preclinical Contract Research Organization (CRO) market was valued at approximately USD 2.5 billion in 2022, with a projected compound annual growth rate (CAGR) of around 9.4% from 2022 to 2030. This growth is driven by the increasing prevalence of cancer globally, coupled with the rising demand for advanced and specialized services in drug development and testing. The market's expansion is further supported by the continuous advancement in preclinical research methodologies and technologies, which are crucial for the early detection and treatment of various cancers. In 2022, North America held a significant market share due to the region's robust healthcare infrastructure and substantial investment in oncology research and development.
Opportunity analysis reveals substantial growth potential in emerging markets, where rising healthcare expenditure and increasing investments in oncology research are contributing to market expansion. Asia-Pacific, particularly, is expected to witness significant growth due to the region's large patient population and increasing focus on cancer research. Furthermore, the market is seeing an influx of collaborations between pharmaceutical companies and preclinical CROs to streamline drug development processes. These partnerships, along with the growing trend of outsourcing preclinical services to specialized CROs, are anticipated to drive further growth in the oncology-based preclinical CRO sector.
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Crown Bioscience
Charles River
ICON
Eurofins Scientific
Taconic Biosciences
Covance
EVOTEC
The Jackson Laboratory
MI Bioresearch
Champion Oncology
Wuxi AppTec.
Xentech
Living Tumor Laboratory
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Oncology Based Preclinical CRO Market
In Vitro
In Vivo
Based on Types the Market is categorized into Below types that held the largest Oncology Based Preclinical CRO market share In 2023.
Blood Cancer
Solid Tumors
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Oncology Based Preclinical CRO Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Oncology Based Preclinical CRO Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Oncology Based Preclinical CRO Market, By Type
6. Global Oncology Based Preclinical CRO Market, By Application
7. Global Oncology Based Preclinical CRO Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Oncology Based Preclinical CRO Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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