UK Healthcare Contract Research Organization Market Size & Outlook
UK healthcare contract research organization market, 2018-2030 (US$M)
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UK healthcare contract research organization market highlights
- The UK healthcare contract research organization market generated a revenue of USD 919.7 million in 2023 and is expected to reach USD 1,285.5 million by 2030.
- The UK market is expected to grow at a CAGR of 4.9% 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 919.7 million |
| Market revenue in 2030 | USD 1,285.5 million |
| Growth rate | 4.9% (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, UK accounted for 1.8% 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 Europe, Germany healthcare contract research organization market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,884.8 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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UK 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 75.98% in 2023. Horizon Databook has segmented the UK healthcare contract research organization market based on drug discovery, pre-clinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Growth in the market can be attributed to the increasing number of partnerships between public & private organizations, the rising use of creative funding strategies, technological advancements, and a shift in focus toward a patient-centric approach.
In addition to their expanding relationships and collaborations, CROs have benefited from increased funding provided by EU programs, such as Horizon 2020, and the UK government programs, such as the R&D tax credits and the Patent Box, which are essential for supporting businesses domestically & internationally.
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Target buyers of UK healthcare contract research organization market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK healthcare contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into UK healthcare contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK healthcare contract research organization market size, by type, 2018-2030 (US$M)
UK Healthcare Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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