Pharmaceutical CRO Top Companies - Recent Developments, Business Strategy, Deal Strategy, Patent Strategy, Benchmarking and Management Outlook

Pharmaceutical CRO Market Size Analysis and Top Companies

The global pharmaceutical CRO market size is estimated to hit around USD 84.90 billion by 2033, increasing from USD 41.50 billion in 2023 with a CAGR of 7.42% from 2023 to 2033. The top companies operating in the pharmaceutical CRO are Thermo Fisher Scientific Inc., Medpace, IQVIA, CTI Clinical Trial & Consulting, Parexel International (MA) Corporation., ICON plc, Laboratory Corporation of America Holdings, WuXi AppTec, Veeda Clinical Research, and Others.

Market Report Coverage

Pharmaceutical CRO Key Players

• Thermo Fisher Scientific Inc.
• Medpace
• IQVIA
• CTI Clinical Trial & Consulting
• Parexel International (MA) Corporation.
• ICON plc
• Laboratory Corporation of America Holdings
• WuXi AppTec
• Veeda Clinical Research

Latest Announcements by Industry Leaders

• In April 2024, Thermo Fisher Scientific, the PPD clinical research business and the world leader in serving science has been awarded the two Best Clinical Trials Supplier Awards in the categories of Site Innovation and Supply Chain Management at the 2024 Asia-Pacific Biopharma Excellence Awards ceremony held in Singapore.
• In June 2024, Medpace, a worldwide full-service clinical research organization (CRO), sustained its leading position and was awarded the CRO Leadership Awards presented by Life Science Leader and Clinical Leader. They receive five awards in all the categories, including expertise, compatibility, reliability, quality, and capabilities. 

Recent Developments

• In May 2024, Enzene Biosciences launched the new drug discovery division and increased the CDMO’s breadth of services to the biotech industry. The launch will provide the end-to-end combined discovery service to cater to the growing industry demand. 
• In April 2024, Goldman Sachs increased its coverage in India CRO/CDMO (contract research organization/contract development and manufacturing organization) for supplying the diversification in the global pharmaceutical industry picks up. 

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