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The preclinical CRO market size is estimated to grow by USD 2.54 billion at a CAGR of 8.09% between 2023 and 2028. The market's expansion hinges on several factors, such as the rising incidence of chronic diseases, advancements in healthcare infrastructure and technology, and the increasing outsourcing of non-core functions related to preclinical CROs, which present significant growth prospects for the growth of Contract Research Organizations (CROs). With the prevalence of chronic diseases on the rise, there is a growing need for advanced healthcare solutions and infrastructure. This trend is further fueled by the outsourcing of non-core functions by healthcare organizations, which allows them to focus on their core competencies. These factors together create a conducive environment for market growth, offering numerous opportunities for expansion and development in the healthcare sector. Increasing detection of prevalent chronic diseases is driving the market growth. These include cardiovascular diseases (CVDs), cancer, and type-2 diabetes and are the result of high blood pressure (BP), blood cholesterol, and obesity. As per the Centers for Disease Control and Prevention (CDC) 2022 statistics, around 60% of adult Americans have one chronic disease or more due to a sedentary lifestyle, unhealthy diet habits, and consumption of tobacco, which are likely to increase. Additionally, most chronic diseases require long-term health management using drugs such as preclinical CROs, hence advancing the growth of the market during the forecast period.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Service
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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