Canada Healthcare Contract Research Organization Market Size & Outlook
Canada healthcare contract research organization market, 2018-2030 (US$M)
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Canada healthcare contract research organization market highlights
- The Canada healthcare contract research organization market generated a revenue of USD 309.7 million in 2023 and is expected to reach USD 447.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, clinical was the largest revenue generating type in 2023.
- Pre-Clinical is the most lucrative type segment registering the fastest growth during the forecast period.
Healthcare contract research organization market data book summary
| Market revenue in 2023 | USD 309.7 million |
| Market revenue in 2030 | USD 447.2 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Pre-Clinical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drug Discovery, Pre-Clinical, Clinical |
| Key market players worldwide | Icon PLC, Charles River Laboratories International Inc, IQVIA Holdings Inc, GVK Biosciences, Labcorp Holdings Inc, Thermo Fisher Scientific Inc, PAREXEL, Dassault Systemes SE, Pharmaron Beijing Co Ltd Ordinary Shares - Class H, SGS AG, Worldwide Clinical Trials, Wuxi AppTec Co Ltd, Caidya |
Other key industry trends
- In terms of revenue, Canada accounted for 0.6% of the global healthcare contract research organization market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. healthcare contract research organization market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 447.2 million by 2030.
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Healthcare Contract Research Organization Market Scope
Healthcare Contract Research Organization Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada healthcare contract research organization market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare contract research organization market will help companies and investors design strategic landscapes.
Clinical was the largest segment with a revenue share of 74.14% in 2023. Horizon Databook has segmented the Canada healthcare contract research organization market based on drug discovery, pre-clinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
The government’s large investments and the numerous contracts that international companies receive are expected to propel the CRO market growth in Canada. The R&D tax credit in Canada makes outsourcing a viable choice.
Taxpayers in Canada are permitted to claim 15% of the federal tax credit that is not refundable. Furthermore, funding is available to a CRO even in cases where the sponsor is a foreign client.
In order to gain a competitive edge, Canadian CROs are expanding their presence in developing regions, such as South & Central America. Companies in Canada are providing infrastructure to Canadian researchers for various types of clinical research.
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Our clientele includes a mix of healthcare contract research organization market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada healthcare contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into Canada healthcare contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada healthcare contract research organization market size, by type, 2018-2030 (US$M)
Canada Healthcare Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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