CRO stands for contract research organization which provides
research services to a biotechnology, pharmaceutical and medical devices
companies on contract basis. CRO provides a various service such as biologic
assay development, clinical research, biopharmaceutical development, clinical
trials management, preclinical research, pharmacovigilance and
commercialization. In Vivo CRO means preclinical testing for drug discovery and
disease pathology. In Vivo Contract research organization market is expanding as
drug manufacturers increases their pipeline products to develop and manufacture
new molecule to sustain in market with good profit and with a patent products.
Drug manufacturer require CRO to collect and investigate sufficient data to
develop new drug and this is a key factors responsible for the growing demand
for the CROs in pharmaceutical drug development segment. The use of Contract
Research Organization services helps manufacturers to give complete attention
on the own business production capacity and also to enhancing and develop their
in-house processes.
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The
global
in vivo contract research organization market has been segmented by type,
indication and geography. The global in vivo Contract research organization
market has been segmented on the basis of type animals used to conduct the
preclinical tests such as rodent and non-rodent type. Rodent are generally from
the mice family. Further rodent are classified into mice, rat and others. Non-
rodent are classified into Hamsters, Guinea pigs and others. Rodent based
testing for drug development and discovery holds the largest share of the
market because mice and rats are tend to have a similar chromosomal make-up
that is to humans and thus increase of uses of this species. Based on the
indication the global contract research organization is segmented into
oncology, autoimmune, CNS, pain management, obesity, diabetes and others. Major
share is hold by an oncology testing in indication segment as number of cancer
patient is increasing across the world. Various drugs development and clinical
trials are carried out in an oncology as various types of cancer are increasing
day by day.
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Organisation Market –
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Geographically,
in- vivo CRO market has been segmented into five major region i.e. North
America, Europe, Asia Pacific, Latin America and Middle East and Africa. North
America was observed as the largest market, in terms of revenue for in- vivo
contract research organization market. As the advancement of technology for in-
vivo CROs present in this region also increase in healthcare spending by
government and availability of grants and funding from government
organizations. Asia Pacific are expected to record robust growth during the
forecast period 2016-2024 due to growing health care industry, economic
development and huge patient base affects the growth of in- vivo CRO market.
In
addition there are number of factors affecting the growth of in- vivo CRO
market such as shifting of preference of pharmaceutical industries toward the
outsourcing clinical and preclinical trials to focus on their core business
also the in- Vivo contract research organization saves the time of industries
and make product available in market in minimum time. The increase in number of
patients and the various diseases across the globe increases the number of
pipeline products which ultimately increases the contract research organization
market. The market is also witnessing certain restraints, such as quality issue
of the CRO, huge cost for the clinical trials and presence of suitable animal
for specific tests.
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The major
players operating in this market include American Preclinical Services, LLC.,
BTS Research, Charles River Laboratories International, Inc., Chiltern
International Ltd., Covance Inc., ICON Plc., INC Research, inVentiv Health,
PAREXEL International Corporation, Pharmaceutical Product Development, LLC.,
PRA Health Sciences, Quintiles Inc. and WuXi AppTec, Inc.
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