India Healthcare Contract Research Organization Market Size & Outlook
India healthcare contract research organization market, 2018-2030 (US$M)
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India healthcare contract research organization market highlights
- The India healthcare contract research organization market generated a revenue of USD 2,187.7 million in 2023 and is expected to reach USD 4,181.3 million by 2030.
- The India market is expected to grow at a CAGR of 9.7% 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 2,187.7 million |
| Market revenue in 2030 | USD 4,181.3 million |
| Growth rate | 9.7% (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, India accounted for 4.3% 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 Asia Pacific, Japan healthcare contract research organization market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,181.3 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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India 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 75.84% in 2023. Horizon Databook has segmented the India 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 increasing cost of drug research is expected to drive the healthcare CRO market growth. The pressure to recover revenue lost to generics, increasing patent expiration, and rising R&D costs have increased the cost & complexity of drug development.
Clinical trials are primarily driven by the rising demand for innovative solutions in the healthcare business, partnerships between pharma, biotech, and medical devices companies & CROs, and technological improvements.
India has quickly become a popular location for clinical trials due to its large & diverse patient pool, rapidly developing healthcare sector, highly educated physicians, and cost competitiveness.
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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 India healthcare contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into India healthcare contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India healthcare contract research organization market size, by type, 2018-2030 (US$M)
India Healthcare Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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