Global Preclinical Cro Market Size & Outlook
Global preclinical cro market, 2018-2030 (US$M)
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Global preclinical cro market highlights
- The global preclinical cro market generated a revenue of USD 5,715.0 million in 2023 and is expected to reach USD 9,675.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.8% by 2030.
- In terms of segment, toxicology testing accounted for a revenue of USD 1,450.6 million in 2023.
- Bioanalysis and DMPK studies is the most lucrative service segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,715.0 million |
| Market revenue in 2030 | USD 9,675.8 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Toxicology testing |
| Fastest growing segment | Bioanalysis and DMPK studies |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioanalysis and DMPK studies, Toxicology Testing, Compound Management, Chemistry, Safety Pharmacology |
Other key industry trends
- In terms of revenue, the North America accounted for 47.2% of the global preclinical cro market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 6.0 million by 2030.
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Preclinical CRO Market Scope
Preclinical CRO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global preclinical cro 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 preclinical cro market will help companies and investors design strategic landscapes.
toxicology testing was the largest segment with a revenue share of 25.38% in 2023. Horizon Databook has segmented the Global preclinical cro market based on bioanalysis and dmpk studies, toxicology testing, compound management, chemistry, safety pharmacology covering the revenue growth of each sub-segment from 2018 to 2030.
The geographical distribution of R&D activities is slowly shifting from developed nations to emerging countries. Rising R&D expenditure coupled with an increase in failure rates of R&D activities has caused biopharmaceutical companies to prefer regions such as Central and Eastern Europe, Asia Pacific, and Latin America & Middle East for ensuring cost saving and quick patient recruitment.
Outsourcing of preclinical trials to regions such as Asia Pacific also provides greater economic benefits to biopharmaceutical companies. Governments of countries such as Singapore and China are allocating funds to promote biomedical research in this region.
Besides, as a large number of clinical trials are being conducted in countries of Asia Pacific and Latin America regions, preclinical trials are also expected to follow the same trend. This would allow preclinical testing to be conducted in close proximity to central development centers conducting clinical trials.
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Target buyers of Global preclinical cro market databook
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Our clientele includes a mix of preclinical cro 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 global-level data and insights on the Global preclinical cro market , including forecasts for subscribers. This global databook contains high-level insights into Global preclinical cro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global preclinical cro market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Preclinical cro market size, 2023 (USD Million)
Top 10 countries: Preclinical cro market size, 2023 (USD Million)
Global preclinical cro market, by region, 2023 (US$M)
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