preclinical CRO market share, preclinical CRO market growth, preclinical CRO market size, preclinical CRO market forecast, preclinical CRO market analysis
The Preclinical CRO Market Boom: What Is the Market Size Analysis?
The preclinical CRO market size has undergone notable growth in recent years and is expected to continue this trend. The market size escalated from $5.7 billion in 2024 and is expected to reach $6.26 billion in 2025, growing at a compound annual growth rate (CAGR) of 9.9%. Factors driving this growth include the demand for faster drug development, cost containment strategies, a focus on core competencies, regulatory compliance requirements, and the globalization of clinical trials. The market is further expected to surge to $9.06 billion in 2029 at a CAGR of 9.7% with key growth drivers being the rise in personalized medicine, focus on rare diseases and orphan drugs, increased outsourcing in biopharmaceuticals, emphasis on biomarker research, and a demand for real-world evidence generation.
Which Driving Factors Are Propelling the Preclinical CRO Market?
There is an ever-increasing demand for preclinical trials that is expected to propel the preclinical CRO market growth. Preclinical studies play a pivotal role in drug development, with their significance being elevated by the rising emphasis on the safety and efficacy of new drugs. For instance, in 2024, IQVIA reported an increase in clinical development productivity where 69 novel active substances were launched globally, six more than the prior year. Hence, the growing demand for preclinical trials is driving the preclinical CRO market forward.
What Are the Key Segments in the Preclinical CRO Market?
• By Service: Bioanalysis And DMPK Studies, Toxicology Testing, Compound Management, Chemistry, Safety Pharmacology, Others Services
• By Type: Patient Derived Organoid (PDO) Model, Patient Derived Xenograft Model
• By Animal Model: Small Animal Model, Large Animal Model
• By Model System: In Vivo, In Vitro
• By End User: Biopharmaceutical Companies, Government And Academic Institutes, Medical Device Companies, Other End-users
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Who Are the Key Market Players in the Preclinical CRO Sector?
Major players in the preclinical CRO market are Eurofins Scientific SE, PRA Health Sciences Inc., Wuxi AppTec Co. Ltd., Medpace Holdings Inc., Charles River Laboratories International Inc., Laboratory Corporation of America Holdings, SGA SA, Intertek Group plc, Crown Bioscience International, Cynbiose, AmplifyBio LLC, and others.
What Are the Emerging Trends in the Preclinical CRO Market?
Major companies in the preclinical CRO market are adopting technological advancements to maintain their market position. For instance, in 2023, BenchSci, an AI solutions company for preclinical R&D, launched ASCEND, a platform aimed at speeding up preclinical phase drug development pipelines. These technological trends are set to shape the market landscape of preclinical CRO services.
Which Region Holds the Largest Share in the Preclinical CRO Market?
In 2024, North America held the largest regional market share while Asia-Pacific is forecasted to be the fastest-growing region in the global preclinical CRO market.
What Does The Preclinical CRO Market Report 2025 Offer?
Preclinical CROs are organizations that aid new medical product producers in demonstrating product safety before entering clinical trials or being used for human care. The Preclinical CRO Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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