Product ID: UCMIG35D2115
Report ID:
UCMIG35D2115 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for contract research organizations (CROs) that specialize in in vivo studies on living organisms reached a value of USD 3.9 billion in 2021 on a global scale. Looking ahead, the market is expected to maintain a steady growth trajectory, with a projected compound annual growth rate (CAGR) of 8.2% during the forecast period. This growth can be attributed to the increasing demand for in vivo studies in various fields such as pharmaceuticals, biotechnology, and medical research. The rise in outsourcing of research activities to CROs, driven by cost efficiency and expertise, is also a significant factor contributing to the expansion of the in vivo CRO market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Services by segment aggregation, the contribution of the Health Care Services in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35D2115