China Contract Research Organization (CRO) Industry Report, 2020-2026

Published: November 2020

No. of Pages: 202

Price:

Single User License: US $ 2900

Corporate User License: US $ 4300

Report Description
Table of Contents

The contract research organization (CRO) industry has been galloping amid the global pharmaceutical market steadily in head way, the vibrant financing in the medical and health sector, and the proliferating expenses for pharmaceutical R&D. In 2020, the world CRO market is expected to worth $69.9 billion with a year-on-year spike of 9%.

Competition ever pricks up among at least 1,100 CRO players worldwide led by LabCorp, IQVIA, Syneos, Parexel, PRA, PPD, and Charles River. In 2019, IQVIA, LabCorp and Syneos were the three leaders sweeping a combined market share of 21.5%.

Chinas great competitive edge over the developed countries in pharmaceutical R&D cost has allured many world-renowned pharmaceutical corporations and boosted the countrys CRO industry. With speedy development over a decade, China has been an important CRO market whose market size in 2020 will soar 10.1% on an annualized basis and reach RMB81.6 billion.

In addition to multinational giants represented by IQVIA, LabCorp, Parexel, etc., China also sees local CRO leaders including Wuxi AppTec, Pharmaron, Meidicilon, Shanghai ChemPartner, Tigermed, and Joinn Laboratories, where Wuxi AppTec with the strongest R&D strength as one of the most comprehensive service platforms integrating discovery, research and development of small-molecule chemical drugs, not only runs the Chinas largest small-molecule pharmaceutical R&D service business but leads the way in global market. It enjoyed a virtually 12.3% (up 1.8 percentage points over the prior year) of the worlds CRO market in 2019.

Chinas CRO industry will be heading towards:
1) Mergers and acquisitions will still prevail for an industry reshuffle: Seen from the development course of multinational CRO companies, giants expand their business and sharpen edges through M&As, so do the Chinese CRO peers in recent year. In September 2020, Asymchem acquired the CRO company GoalGen for RMB30 million.
2) Chinese CRO companies have landed in the capital market: WuXi AppTec and Pharmaron were listed on the A-share and H-share markets successively. In 2019, Viva Biotech went public on the Hong Kong Stock Exchange. In 2020, HitGen was listed on the A-share market.
3) The industry gears toward vertical integration: Wuxi AppTec, for example, is able to provide customers with integrated new drug R&D and production services, which can help customers save plenty of time and costs as well as improve R&D and production efficiency. Noticeably, the players like Pharmaron, Boji Medical Biotechnological, Porton Pharma Solutions, and Shanghai ChemPartner are expanding to CMO/CDMO.

China Contract Research Organization (CRO) Industry Report, 2020-2026 highlights:
Global CRO industry (development history/environment, market size, competitive landscape, etc.);
China CRO industry (development environment, status quo, market size, competition pattern, development trends, etc.);
13 Chinese and 8 foreign companies (revenue, business structure, CRO business, etc.)

Table of Contents

1. Overview of Pharmaceutical Outsourcing
1.1 Definition
1.2 Classification
1.3 CRO

2. Evolution of Global CRO Industry
2.1 Development History
2.2 Development Background
2.2.1 Pharmaceutical Industry Size
2.2.2 Pharmaceutical Companies Development
2.2.3 Financing
2.2.4 Pharmaceutical R&D
2.3 Market Size
2.4 Competitive Landscape

3. CRO Industry in China
3.1 Development Environment
3.1.1 Regulation
3.1.2 Policy Environment
3.1.3 Industry Environment
3.2 Status Quo
3.3 Market Size
3.4 Competitive Landscape
3.5 Development Trend
3.5.1 The Amounting Pressure from R&D Costs Make Pharmaceutical Enterprises Rely More on CRO Companies for the Research and Development of New Drugs
3.5.2 Favorable policies and capital promote the development of local Chinese companies
3.5.3 Good Prospects Attract the Enterprises Access into CRO Industry
3.5.4 The Industry Heads toward Vertical Integration
3.5.5 M&A May Become the Main Way for CRO Companies to Expand
3.5.6 The Comprehensive Implementation of Consistency Assessment Brings Development Opportunities to the CRO Industry
3.5.7 Industry threshold and concentration degree rises gradually
3.5.8 Specialization and characterization are becoming ever more obvious

4. Major Chinese Companies
4.1 Wuxi AppTec
4.1.1 Profile
4.1.2 Operation
4.1.3 Revenue Structure
4.1.4 Gross Margin
4.1.5 Major Clients
4.1.6 R&D Investment
4.1.7 CRO Business
4.1.8 Development Strategy
4.2 Hangzhou Tigermed
4.2.1 Profile
4.2.2 Operation
4.2.3 Revenue Structure
4.2.4 Gross Margin
4.2.5 R&D Investment
4.2.6 Development Strategy
4.3 Guangzhou Boji Pharmaceutical
4.3.1 Profile
4.3.2 Operation
4.3.3 Revenue Structure
4.3.4 Gross Margin
4.3.5 R&D Investment
4.3.6 Development Strategy
4.4 Shanghai Meidicilon Inc.
4.4.1 Profile
4.4.2 Operation
4.4.3 Revenue Structure
4.4.4 Gross Margin
4.4.5 R&D Investment
4.4.6 Major Clients
4.4.7 Development Strategy
4.5 Porton Fine Chemicals
4.5.1 Profile
4.5.2 Operation
4.5.3 Revenue Structure
4.5.4 Gross Margin
4.5.5 R&D Investment
4.5.6 Major Clients
4.5.7 Development Strategy
4.6 Joinn Laboratories
4.6.1 Profile
4.6.2 Operation
4.6.3 Revenue Structure
4.6.4 Gross Margin
4.6.5 R&D Investment
4.6.6 Major Clients
4.6.7 Development Strategy
4.7 Pharmaron
4.7.1 Profile
4.7.2 Operation
4.7.3 Revenue Structure
4.7.4 Gross Margin
4.7.5 R&D Investment
4.7.6 Major Clients
4.7.7 Development Strategy
4.8 Obio Technology (Shanghai)
4.8.1 Profile
4.8.2 Operation
4.8.3 Revenue Structure
4.8.4 Gross Margin
4.8.5 R&D Investment
4.8.6 Major Clients
4.8.7 Development Strategy
4.9 Nanjing Huawe Medicine Technology Group Co., Ltd.
4.9.1 Profile
4.9.2 Operation
4.9.3 Major Clients
4.9.4 Main Business
4.9.5 Development Strategy
4.10 Shanghai ChemPartner
4.10.1 Profile
4.10.2 Operation
4.10.3 Revenue Structure
4.10.4 Gross Margin
4.10.5 Main Business
4.11 HitGen Inc.
4.11.1 Profile
4.11.2 Operation
4.11.3 Revenue Structure
4.11.4 Gross Margin
4.11.5 R&D Investment
4.11.6 Major Clients
4.12 BioDuro
4.12.1 Profile
4.12.2 Development Course
4.12.3 R&D Center
4.12.4 Development Dynamics
4.13 VIVA Biotech
4.13.1 Profile
4.13.2 Operation
4.13.3 Revenue Structure
4.13.4 Gross Margin
4.13.5 R&D Investment

5 Major Foreign Companies
5.1 LabCorp
5.1.1 Profile
5.1.2 Operation
5.1.3 Revenue Structure
5.1.4 CRO Business
5.1.5 Development in China
5.2 IQVIA
5.2.1 Profile
5.2.2 Operation
5.2.3 Revenue Structure
5.2.4 Development Strategy
5.2.5 Development in China
5.3 Parexel
5.3.1 Profile
5.3.2 Operation
5.3.3 Revenue Structure
5.3.4 Dynamics
5.3.5 Development in China
5.4 Charles River
5.4.1 Profile
5.4.2 Operation
5.4.3 Revenue Structure
5.4.4 Development in China
5.5 PPD
5.5.1 Profile
5.5.2 Operation
5.5.3 Revenue Structure
5.5.4 Development in China
5.5.5 Excel PharmaStudies
5.6 Syneos Health
5.6.1 Profile
5.6.2 Operation
5.6.3 Revenue Structure
5.6.4 CRO Business
5.6.5 Development in China
5.7 PRA
5.7.1 Profile
5.7.2 Operation
5.7.3 Revenue Structure
5.7.4 Development in China
5.8 ICON
5.8.1 Profile
5.8.2 Operation
5.8.3 Revenue Structure
5.8.4 Development in China

Write comment about above report:

Published By: Research In China

Product Code: Research In China2709

Related Reports

Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

China Contract Research Organization (CRO) Market Report & Forecast 2021-2027 This report contains market size and forecasts of Contract Research Organization (CRO) in China, including the following market information: China Contract Research Organization (CRO) Market Revenue, 2016-2021, 2022-2027, ($ millions) C...
Global and China Contract Research Organization (CRO) Market Size, Status and Forecast 2021-2027 Contract research organization (CRO) provide clinical trial and other research support services for the pharmaceutical, biotechnology, medical device industries and also serve government institutions, foundations and universities. Global Contr...
Global and China Contract Research Organization (CRO) Services Market Size, Status and Forecast 2021-2027 Global Contract Research Organization (CRO) Services Scope and Market Size Contract Research Organization (CRO) Services market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participan...
China Healthcare Contract Research Organization (CRO) Market Assessment 2020-2026 In this report, our team research the China Healthcare Contract Research Organization (CRO) market by type, application, region and manufacturer 2014-2020 and forcast 2021-2026. For the region, type and application, the sales, revenue and their marke...
China Contract Research Organization (CRO) Market (Clinical, Pre-clinical & Discovery): Insights, Trends and Forecast (2020-2024) China CRO market value is anticipated to reach US$27.04 billion in 2024, growing at a CAGR of 27.06%, for the period spanning from 2020 to 2024. The factors such as increasing biologics sales, rising geriatric population, growing investment in hea...
China Contract Research Organization (CRO) Industry Report, 2019-2025 The steadily growing global pharmaceutical industry where more and more new drugs have been approved, and the soaring spending on drug research and development in recent years, are a boon for global contract research organization (CRO) market. Glo...
Global and China Contract Research Organization (CRO) Market Research by Company, Type & Application 2013-2025 Summary Contract research organization (CRO) provide clinical trial and other research support services for the pharmaceutical, biotechnology, medical device industries and also serve government institutions, foundations and universiti...
China Contract Research Organization (CRO) Industry Report, 2017-2021 Under the pressure from higher R&D costs, longer R&D cycle and lower R&D success rate in pharmaceutical industry worldwide, over 50 percent of pharmaceutical enterprises have had the development of new drugs assisted by CRO firms in re...

We are on:

Why ReportsnReports.com?

500,000 market research reports and growing.
Top Fortune 500 Organizations trust us for research data.
24/7 support on call as well as emails.
Your Details are safe with us.
Free support for your research requirements.
Report Delivery: Email
Delivery Time:
- Upto 24 hrs - working days
- Upto 48 hrs max - weekends and public holidays

Need Help?

Name *

Email *

Phone *

Country *

Subject *

Comments *