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Research and Markets: The Future of Contract Research Outsourcing – Market Forecasts to 2015, Geographical Landscape and Competitive Benchmarking

Business Wire, Dec 02, 2009

DUBLIN — Research and Markets (http://www.researchandmarkets.com/research/d0b921/the_future_of_cont)
has announced the addition of the “The
Future of Contract Research Outsourcing – Market Forecasts to 2015,
Geographical Landscape and Competitive Benchmarking” report to their
offering.

“The
Future of Contract Research Outsourcing – Market Forecasts to 2015,
Geographical Landscape and Competitive Benchmarking” provides key
data, information and analysis on the global contract research
outsourcing market. The report provides market overview, competitive
landscape and market trends information on the contract research
outsourcing market. This report provides comprehensive information on
the different service models present in the industry, key trends
affecting the contract research organizations and key analytical content
on the market dynamics. The report also reviews the competitive
landscape in terms of mergers and acquisitions, strategic partnerships
and service agreements.

This report is built using data and information sourced from proprietary
databases, primary and secondary research and in house analysis by a
team of industry experts. The contract research market will continue to
consolidate even as the strategic partnerships with the pharma and
biotech industry will continue to drive the market. The contract
research outsourcing activity is expected to increase in the clinical
trials stage. Emerging regions such as India, China, Latin America and
Central and Eastern Europe will drive the market by providing cost
advantage. The increasing compliance to international regulations and
standards governing the market by these regions will support this trend.
The market is driven by the increasing R&D; expenditure and a strong need
in the biopharmaceutical industry to improve R&D; efficiency by cutting
costs.

The key challenges to the contract research outsourcing market are the
current economic recession which has resulted in reduced demand
especially from the biotech industry. The contract research
organizations are also impacted by the increasing focus on safety of the
drugs and recent cases of failure in clinical trials has led to an
increase in concerns over quality. But, the contract research
organizations are changing themselves according to the international
standards with an aim to take care of the quality concerns of
biopharmaceutical companies. Therefore, the quality concerns can be
overcome and will have a small impact on the overall contract research
outsourcing market.

The leading players in this consolidated market continue to grow through
expanding their services and emerging as end to end service providers
with global presence
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