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			       1	INTRODUCTION	39
1.1	OBJECTIVES OF THE STUDY	39
1.2	MARKET DEFINITION	40
1.2.1	INCLUSIONS AND EXCLUSIONS	40
1.3	MARKET SCOPE	41
1.3.1	MARKETS COVERED	41
FIGURE 1	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET SEGMENTATION	41
1.3.2	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: BY REGION	42
1.4	YEARS CONSIDERED FOR THE STUDY	42
1.5	CURRENCY	43
TABLE 1	STANDARD CURRENCY CONVERSION RATES	43
1.6	LIMITATIONS	43
1.7	STAKEHOLDERS	43
1.8	SUMMARY OF CHANGES	44
2	RESEARCH METHODOLOGY	45
2.1	RESEARCH DATA	45
FIGURE 2	RESEARCH DESIGN	45
2.1.1	SECONDARY DATA	46
2.1.1.1	Key data from secondary sources	47
2.1.2	PRIMARY DATA	48
FIGURE 3	PRIMARY SOURCES	48
2.1.2.1	Key data from primary sources	49
2.1.2.2	Key industry insights	50
FIGURE 4	BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY SIDE AND DEMAND SIDE PARTICIPANTS	50
FIGURE 5	BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE): BY COMPANY TYPE, DESIGNATION, AND REGION	51
FIGURE 6	BREAKDOWN OF PRIMARY INTERVIEWS (DEMAND SIDE): BY END USER, DESIGNATION, AND REGION	51
2.2	MARKET SIZE ESTIMATION	52
FIGURE 7	SUPPLY SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS	52
FIGURE 8	REVENUE SHARE ANALYSIS ILLUSTRATION: SYNTEGON TECHNOLOGY GMBH	53
FIGURE 9	SUPPLY SIDE MARKET SIZE ESTIMATION: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET (2020)	54
FIGURE 10	APPROACH 3: BASED ON SOURCE, BY REGION (2022)	55
FIGURE 11	TOP-DOWN APPROACH	55
FIGURE 12	CAGR PROJECTIONS FROM DRIVERS, RESTRAINTS, OPPORTUNITIES, 
AND CHALLENGES ANALYSIS (2022–2027)	57
FIGURE 13	CAGR PROJECTIONS: SUPPLY SIDE ANALYSIS	57
2.3	MARKET BREAKDOWN AND DATA TRIANGULATION	58
FIGURE 14	DATA TRIANGULATION METHODOLOGY	59
2.4	MARKET SHARE ESTIMATION	60
2.5	ASSUMPTIONS FOR THE STUDY	60
2.6	LIMITATIONS	60
2.6.1	METHODOLOGY-RELATED LIMITATIONS	61
2.7	RISK ASSESSMENT	61
TABLE 2	RISK ASSESSMENT: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	61
2.8	ASSESSMENT OF COVID-19 IMPACT ON ECONOMIC SCENARIO	61
3	EXECUTIVE SUMMARY	63
FIGURE 15	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 
2022 VS. 2027 (USD MILLION)	63
FIGURE 16	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2022 VS. 2027 (USD MILLION)	64
FIGURE 17	GEOGRAPHICAL SNAPSHOT OF PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	65
4	PREMIUM INSIGHTS	66
4.1	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET OVERVIEW	66
FIGURE 18	RISING NEED FOR FLEXIBLE AND INTEGRATED PACKAGING EQUIPMENT TO DRIVE MARKET GROWTH	66
4.2	ASIA PACIFIC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT AND COUNTRY (2021)	67
FIGURE 19	PRIMARY PACKAGING EQUIPMENT SEGMENT TO ACCOUNT FOR THE LARGEST SHARE OF APAC MARKET IN 2021	67
4.3	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES	68
FIGURE 20	CHINA TO REGISTER THE HIGHEST GROWTH DURING FORECAST PERIOD	68
4.4	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, REGIONAL MIX, 2022−2027	68
FIGURE 21	EUROPE TO DOMINATE PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	68
4.5	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: DEVELOPING VS. DEVELOPED MARKETS	69
FIGURE 22	DEVELOPING MARKETS TO REGISTER HIGHER GROWTH DURING 
FORECAST PERIOD	69
5	MARKET OVERVIEW	70
5.1	INTRODUCTION	70
5.2	MARKET DYNAMICS	70
FIGURE 23	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	70
5.2.1	DRIVERS	71
5.2.1.1	High growth in generics & biopharmaceuticals markets	71
FIGURE 24	SALES OF GENERIC DRUGS GLOBALLY, 2006–2020 (USD BILLION)	71
FIGURE 25	GLOBAL PHARMACEUTICALS MARKET (USD BILLION)	71
TABLE 3	LIST OF OFF-PATENT DRUGS, 2015−2029	72
5.2.1.2	Growing need for flexible and integrated packaging equipment	73
5.2.1.3	Increase in offshore pharmaceutical manufacturing	73
FIGURE 26	PHARMACEUTICAL IMPORTS AND EXPORTS, BY COUNTRY, 
2020 (USD BILLION)	74
5.2.1.4	Growing contract manufacturing of pharmaceutical products	74
5.2.1.5	Introduction of regulatory standards on packaging and stringent norms against counterfeit products	74
TABLE 4	KEY REGULATIONS & STANDARDS GOVERNING PHARMACEUTICAL PACKAGING EQUIPMENT	75
5.2.1.6	Innovation in pharmaceutical packaging and delivery system	75
5.2.1.7	Growth in OTC drug sales and regulations to reduce OTC counterfeit	76
FIGURE 27	GLOBAL OTC PHARMACEUTICALS MARKET SIZE, 2020 (USD BILLION)	76
5.2.2	RESTRAINTS	76
5.2.2.1	Growing preference for refurbished equipment	76
5.2.3	OPPORTUNITIES	77
5.2.3.1	Growth of pharmaceutical manufacturing in emerging economies	77
5.2.3.2	Rising demand for automated packaging	77
5.2.3.3	Change in medication systems to self-medication and self-care	78
5.2.3.4	Increasing pharmaceutical R&D investments	78
FIGURE 28	PHARMACEUTICAL & BIOPHARMACEUTICAL R&D EXPENDITURE, 
2017–2024	79
FIGURE 29	NUMBER OF REGISTERED STUDIES, 2001-2022 
(AS OF FEBRUARY 22, 2022)	79
FIGURE 30	NUMBER OF PIPELINE DRUGS, BY COMPANY, 2019	80
5.2.4	CHALLENGES	80
5.2.4.1	Growth in personalized and precision medicine supply chain	80
5.2.4.2	Uncertainties in regulations and standards of pharmaceutical packaging process	81
5.3	TECHNOLOGICAL ROADMAP	82
FIGURE 31	PHARMACEUTICAL PACKAGING EQUIPMENT: TECHNOLOGICAL ROADMAP	82
5.4	INDUSTRY TRENDS	83
FIGURE 32	MAJOR TRENDS IN PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	83
5.4.1	DEVELOPMENT OF PRODUCTION LINES FOR SMALL BATCH SIZES AND RESEARCH PURPOSES	83
5.4.2	AUTOMATION AND INTEGRATION OF PACKAGING EQUIPMENT	84
5.4.3	GROWING FOCUS ON LABELING AND SERIALIZATION FOR ANTI-COUNTERFEITING OF DRUGS	85
5.4.4	GROWING DEMAND FOR ASEPTIC FILLING AND SEALING EQUIPMENT	85
5.5	PRICING ANALYSIS	86
TABLE 5	AVERAGE SELLING PRICE (USD): PRIMARY PACKAGING EQUIPMENT	86
TABLE 6	AVERAGE SELLING PRICE (USD): SECONDARY PACKAGING EQUIPMENT	87
TABLE 7	AVERAGE SELLING PRICE (USD): LABELING AND SERIALIZATION EQUIPMENT	87
5.6	SUPPLY CHAIN ANALYSIS	87
FIGURE 33	SUPPLY CHAIN ANALYSIS	88
5.7	VALUE CHAIN ANALYSIS	88
FIGURE 34	VALUE CHAIN OF PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	89
5.8	ECOSYSTEM MARKET MAP	89
FIGURE 35	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: 
ECOSYSTEM MARKET MAP	89
5.9	PORTER’S FIVE FORCES ANALYSIS	90
TABLE 8	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS	90
5.10	REGULATORY ANALYSIS	92
5.10.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	92
TABLE 9	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	92
TABLE 10	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, 
AND OTHER ORGANIZATIONS	92
TABLE 11	ASIA-PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, 
AND OTHER ORGANIZATIONS	93
TABLE 12	REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	93
5.10.2	NORTH AMERICA	94
5.10.2.1	US	94
5.10.2.2	CANADA	94
5.10.3	EUROPE	95
5.10.4	ASIA PACIFIC	95
5.10.4.1	Japan	95
5.10.4.2	China	95
5.10.4.3	India	95
5.10.5	BRAZIL	96
FIGURE 36	BRAZIL: REGULATORY PROCESS FOR PHARMACEUTICAL PACKAGING EQUIPMENT	96
5.11	KEY CONFERENCES & EVENTS IN 2022-2023	97
TABLE 13	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: DETAILED LIST OF CONFERENCES & EVENTS	97
5.12	YC–YCC TRENDS/DISRUPTION IMPACTING CUSTOMER BUSINESS	98
FIGURE 37	YC–YCC SHIFT IN PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	98
5.13	PATENT ANALYSIS	98
5.13.1	PATENT PUBLICATION TRENDS FOR PHARMACEUTICAL PACKAGING EQUIPMENT	98
FIGURE 38	GLOBAL PATENT PUBLICATION TRENDS IN PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 2015–2021	99
5.13.2	JURISDICTION ANALYSIS: TOP APPLICANTS (COUNTRIES) FOR PATENTS IN PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	99
FIGURE 39	JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR PHARMACEUTICAL PACKAGING EQUIPMENT PATENTS, 
2015–2021	99
5.14	TRADE ANALYSIS	100
TABLE 14	PHARMACEUTICAL PACKAGING EQUIPMENT EXPORT AND IMPORT DATA, 
BY COUNTRY	100
5.15	CASE STUDY ANALYSIS	101
FIGURE 40	CASE STUDY: SECURITY PACKAGING UPGRADES FOR PHARMACEUTICAL	101
5.15.1	CASE STUDY: QUALITATIVE INSIGHT BASED ON SPEED OF THE MACHINE	102
5.15.1.1	Sachet packaging equipment:	102
5.15.1.2	Blister packaging equipment:	102
5.15.1.3	Cartoning equipment:	104
5.16	IMPACT OF COVID-19 ON PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	107
6	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT	109
6.1	INTRODUCTION	110
TABLE 15	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 
2020–2027 (USD MILLION)	110
6.2	PRIMARY PACKAGING EQUIPMENT	110
TABLE 16	PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	111
TABLE 17	PRIMARY PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	112
6.2.1	ASEPTIC FILLING AND SEALING EQUIPMENT	112
6.2.1.1	Technological advancements and automation to drive segment growth	112
TABLE 18	EXAMPLES OF ASEPTIC FILLING AND SEALING EQUIPMENT	113
TABLE 19	ASEPTIC FILLING AND SEALING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	116
6.2.2	BOTTLE FILLING AND CAPPING EQUIPMENT	116
6.2.2.1	Higher adoption of plastic bottles in pharmaceutical packaging to support segment growth	116
TABLE 20	EXAMPLES OF BOTTLE FILLING AND CAPPING EQUIPMENT	117
TABLE 21	BOTTLE FILLING AND CAPPING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	118
6.2.3	BLISTER PACKAGING EQUIPMENT	118
6.2.3.1	Adaptability of blister packs to impact blister packaging equipment demand	118
TABLE 22	EXAMPLES OF BLISTER PACKAGING EQUIPMENT	119
TABLE 23	BLISTER PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	121
6.2.4	SOFT-TUBE FILLING AND SEALING EQUIPMENT	122
6.2.4.1	Increasing demand for soft-tube-based drug formulations and OTC pain relief ointments and creams to aid market growth	122
TABLE 24	EXAMPLES OF SOFT-TUBE FILLING AND SEALING EQUIPMENT	122
TABLE 25	SOFT-TUBE FILLING AND SEALING EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	123
6.2.5	SACHET PACKAGING EQUIPMENT	124
6.2.5.1	Increasing applications of sachets and pouches in unit dose packaging to drive segment growth	124
TABLE 26	EXAMPLES OF SACHET PACKAGING EQUIPMENT	124
TABLE 27	SACHET PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	125
6.2.6	STRIP PACKAGING EQUIPMENT	125
6.2.6.1	User-friendly packaging of strips to drive segment growth	125
TABLE 28	EXAMPLES OF STRIP PACKAGING EQUIPMENT	126
TABLE 29	STRIP PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	127
6.2.7	COUNTING EQUIPMENT	127
6.2.7.1	Initiatives to develop remote tablet counting machines to improve accuracy and efficiency in medical dispensing	127
TABLE 30	EXAMPLES OF COUNTING EQUIPMENT	128
TABLE 31	COUNTING EQUIPMENT MARKET, BY COUNTRY, 2020–2027(USD MILLION)	129
6.2.8	OTHER PRIMARY PACKAGING EQUIPMENT	129
TABLE 32	OTHER PRIMARY PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027(USD MILLION)	130
6.3	SECONDARY PACKAGING EQUIPMENT	130
TABLE 33	SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	131
TABLE 34	SECONDARY PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	132
6.3.1	CARTONING EQUIPMENT	132
6.3.1.1	Safe and gentle packaging achieved with cartoning equipment usage to drive segment growth	132
TABLE 35	EXAMPLES OF CARTONING EQUIPMENT	133
TABLE 36	CARTONING EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	135
6.3.2	CASE PACKING EQUIPMENT	135
6.3.2.1	Increasing demand for flexible packaging to support market growth	135
TABLE 37	EXAMPLES OF CASE PACKING EQUIPMENT	136
TABLE 38	CASE PACKING EQUIPMENT MARKET, BY COUNTRY,
2020–2027 (USD MILLION)	137
6.3.3	WRAPPING EQUIPMENT	137
6.3.3.1	Wrapping machines offer customization to increase productivity	137
TABLE 39	EXAMPLES OF WRAPPING EQUIPMENT	138
TABLE 40	WRAPPING EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	139
6.3.4	TRAY PACKING EQUIPMENT	139
6.3.4.1	Technological advances to support segment growth	139
TABLE 41	EXAMPLES OF TRAY PACKING EQUIPMENT	140
TABLE 42	TRAY PACKING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	140
6.3.5	PALLETIZING AND DEPALLETIZING EQUIPMENT	141
6.3.5.1	Recent developments and automation in palletizing and depalletizing equipment to drive market growth	141
TABLE 43	EXAMPLES OF PALLETIZING AND DEPALLETIZING EQUIPMENT	141
TABLE 44	PALLETIZING AND DEPALLETIZING EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	142
6.4	LABELING AND SERIALIZATION EQUIPMENT	142
TABLE 45	LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	143
TABLE 46	LABELING AND SERIALIZATION EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	144
6.4.1	BOTTLE AND AMPOULE LABELING AND SERIALIZATION EQUIPMENT	144
6.4.1.1	Increasing awareness about anti-counterfeit technologies to drive market growth	144
TABLE 47	EXAMPLES OF BOTTLE AND AMPOULE LABELING AND SERIALIZATION EQUIPMENT	145
TABLE 48	BOTTLE AND AMPOULE LABELING AND SERIALIZATION EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	146
6.4.2	CARTON LABELING AND SERIALIZATION EQUIPMENT	146
6.4.2.1	Increasing demand for pharmaceutical products labeling and serialization to drive market growth	146
TABLE 49	EXAMPLES OF CARTON LABELING AND SERIALIZATION EQUIPMENT	147
TABLE 50	CARTON LABELING AND SERIALIZATION EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	147
6.4.3	DATA MATRIX LABELING AND SERIALIZATION EQUIPMENT	148
6.4.3.1	Speed and ease of use to propel segment growth	148
TABLE 51	EXAMPLES OF DATA MATRIX LABELING AND SERIALIZATION EQUIPMENT	148
TABLE 52	DATA MATRIX LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY COUNTRY, 2020–2027 (USD MILLION)	149
7	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE	150
7.1	INTRODUCTION	151
TABLE 53	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	151
7.2	LIQUID PACKAGING EQUIPMENT	151
TABLE 54	LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	152
TABLE 55	LIQUID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	152
7.2.1	ASEPTIC LIQUIDS	153
7.2.1.1	Automation of packaging lines and increasing use of robotics to propel aseptic liquid packaging	153
TABLE 56	EXAMPLES OF ASEPTIC LIQUID PACKAGING EQUIPMENT	154
TABLE 57	ASEPTIC LIQUID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	157
7.2.2	SYRUPS	158
7.2.2.1	Bottle filling and capping machines to reduce syrup spillage risk	158
TABLE 58	EXAMPLES OF SYRUP PACKAGING EQUIPMENT	158
TABLE 59	SYRUP PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	159
7.2.3	EYE/EAR DROPS	159
7.2.3.1	Technological advancements to increase demand for automated form-fill-seal equipment used for eye/ear drops packaging	159
TABLE 60	EXAMPLES OF EYE/EAR DROP PACKAGING EQUIPMENT	160
TABLE 61	EYE/EAR DROP PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	160
7.2.4	AEROSOLS	161
7.2.4.1	Integration of filling and sealing processes to gain importance in aerosol packaging	161
TABLE 62	EXAMPLES OF AEROSOL PACKAGING EQUIPMENT	161
TABLE 63	AEROSOL PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	162
7.2.5	OTHER LIQUID PACKAGING EQUIPMENT	162
TABLE 64	OTHER LIQUID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	163
7.3	SOLID PACKAGING EQUIPMENT	163
TABLE 65	SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	164
TABLE 66	SOLID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	164
7.3.1	TABLETS	165
7.3.1.1	Growing demand for packaging equipment capable of handling smaller batch sizes with higher levels of accuracy and precision to drive segment growth	165
TABLE 67	EXAMPLES OF TABLET PACKAGING EQUIPMENT	165
TABLE 68	TABLET PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	168
7.3.2	CAPSULES	168
7.3.2.1	Capsule-counting machines to integrate with filling and inspection systems	168
TABLE 69	EXAMPLES OF CAPSULE PACKAGING EQUIPMENT	169
TABLE 70	CAPSULE PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	170
7.3.3	POWDERS	170
7.3.3.1	High demand for robotic packaging equipment for powder packaging to proper segment growth	170
TABLE 71	EXAMPLES OF POWDER PACKAGING EQUIPMENT	171
TABLE 72	POWDER PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	172
7.3.4	GRANULES	172
7.3.4.1	Sachets to become most preferred packaging forms for granules	172
TABLE 73	EXAMPLES OF GRANULE PACKAGING EQUIPMENT	173
TABLE 74	GRANULE PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	173
7.3.5	OTHER SOLID PACKAGING EQUIPMENT	174
TABLE 75	OTHER SOLID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	174
7.4	SEMI-SOLID PACKAGING EQUIPMENT	175
TABLE 76	SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	175
TABLE 77	SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	176
7.4.1	OINTMENTS	176
7.4.1.1	Wide usage to drive pharmaceutical packaging equipment demand	176
TABLE 78	EXAMPLES OF OINTMENT PACKAGING EQUIPMENT	177
TABLE 79	OINTMENT PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	178
7.4.2	CREAMS	178
7.4.2.1	Filling, capping, and sealing machines to package creams	178
TABLE 80	CREAM PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	179
7.4.3	SUPPOSITORIES	179
7.4.3.1	Drying drug pipelines and growing costs to limit segment growth	179
TABLE 81	SUPPOSITORY PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	180
7.4.4	OTHER SEMI-SOLID PACKAGING EQUIPMENT	180
TABLE 82	OTHER SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	181
7.5	OTHER PRODUCT PACKAGING EQUIPMENT	181
TABLE 83	OTHER PRODUCT PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	182
8	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY REGION	183
8.1	INTRODUCTION	184
FIGURE 41	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES	184
TABLE 84	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY REGION, 
2020–2027 (USD MILLION)	185
8.2	EUROPE	185
FIGURE 42	EUROPE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET SNAPSHOT	186
TABLE 85	EUROPE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY COUNTRY, 2020–2027 (USD MILLION)	187
TABLE 86	EUROPE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	187
TABLE 87	EUROPE: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	188
TABLE 88	EUROPE: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	188
TABLE 89	EUROPE: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	189
TABLE 90	EUROPE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 2020–2027 (USD MILLION)	189
TABLE 91	EUROPE: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	190
TABLE 92	EUROPE: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	190
TABLE 93	EUROPE: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	191
8.2.1	GERMANY	191
8.2.1.1	Germany to witness highest growth rate in European market	191
TABLE 94	GERMANY: KEY MACROINDICATORS	192
TABLE 95	GERMANY: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	192
TABLE 96	GERMANY: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	193
TABLE 97	GERMANY: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	193
TABLE 98	GERMANY: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	194
TABLE 99	GERMANY: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	194
TABLE 100	GERMANY: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	195
TABLE 101	GERMANY: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	195
TABLE 102	GERMANY: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	196
8.2.2	ITALY	196
8.2.2.1	Growing consumption of OTC and generic drugs to drive market growth	196
TABLE 103	ITALY: KEY MACROINDICATORS	197
TABLE 104	ITALY: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	197
TABLE 105	ITALY: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	198
TABLE 106	ITALY: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	198
TABLE 107	ITALY: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	199
TABLE 108	ITALY: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	199
TABLE 109	ITALY: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	200
TABLE 110	ITALY: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	200
TABLE 111	ITALY: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	201
8.2.3	UK	201
8.2.3.1	Growth in generics market alongside rising demand for prescription and OTC drugs to drive market growth	201
TABLE 112	UK: KEY MACROINDICATORS	201
TABLE 113	UK: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	202
TABLE 114	UK: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	202
TABLE 115	UK: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	203
TABLE 116	UK: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	203
TABLE 117	UK: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	204
TABLE 118	UK: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	204
TABLE 119	UK: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	205
TABLE 120	UK: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	205
8.2.4	FRANCE	206
8.2.4.1	Presence of leading pharmaceutical companies to drive market growth	206
TABLE 121	FRANCE: KEY MACROINDICATORS	206
TABLE 122	FRANCE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	206
TABLE 123	FRANCE: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	207
TABLE 124	FRANCE: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	207
TABLE 125	FRANCE: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	208
TABLE 126	FRANCE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	208
TABLE 127	FRANCE: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	209
TABLE 128	FRANCE: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	209
TABLE 129	FRANCE: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	210
8.2.5	SPAIN	210
8.2.5.1	Rising geriatric population and growing generics market to propel market growth	210
TABLE 130	SPAIN: KEY MACROINDICATORS	211
TABLE 131	SPAIN: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	211
TABLE 132	SPAIN: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	212
TABLE 133	SPAIN: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	212
TABLE 134	SPAIN: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	213
TABLE 135	SPAIN: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	213
TABLE 136	SPAIN: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	214
TABLE 137	SPAIN: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	214
TABLE 138	SPAIN: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	215
8.2.6	SWITZERLAND	215
8.2.6.1	Growing generics market to drive market growth	215
TABLE 139	SWITZERLAND: KEY MACROINDICATORS	216
TABLE 140	SWITZERLAND: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	216
TABLE 141	SWITZERLAND: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	217
TABLE 142	SWITZERLAND: SECONDARY PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	217
TABLE 143	SWITZERLAND: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	218
TABLE 144	SWITZERLAND: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	218
TABLE 145	SWITZERLAND: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	219
TABLE 146	SWITZERLAND: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	219
TABLE 147	SWITZERLAND: SEMI-SOLID PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	220
8.2.7	REST OF EUROPE	220
TABLE 148	ROE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	221
TABLE 149	ROE: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	221
TABLE 150	ROE: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	222
TABLE 151	ROE: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	222
TABLE 152	ROE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	223
TABLE 153	ROE: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	223
TABLE 154	ROE: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	224
TABLE 155	ROE: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	224
8.3	ASIA PACIFIC	225
FIGURE 43	ASIA PACIFIC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET SNAPSHOT	226
TABLE 156	APAC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY COUNTRY, 2020–2027 (USD MILLION)	227
TABLE 157	APAC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	227
TABLE 158	APAC: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	228
TABLE 159	APAC: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	228
TABLE 160	APAC: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	229
TABLE 161	APAC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	229
TABLE 162	APAC: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	230
TABLE 163	APAC: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	230
TABLE 164	APAC: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	231
8.3.1	CHINA	231
8.3.1.1	Favorable government initiatives to propel market growth	231
TABLE 165	CHINA: KEY MACROINDICATORS	232
TABLE 166	CHINA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	232
TABLE 167	CHINA: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	233
TABLE 168	CHINA: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	233
TABLE 169	CHINA: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	234
TABLE 170	CHINA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 2020–2027 (USD MILLION)	234
TABLE 171	CHINA: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	235
TABLE 172	CHINA: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	235
TABLE 173	CHINA: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	236
8.3.2	JAPAN	236
8.3.2.1	Rising geriatric population and growth in generics market to drive market growth	236
TABLE 174	JAPAN: KEY MACROINDICATORS	237
TABLE 175	JAPAN: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	237
TABLE 176	JAPAN: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	238
TABLE 177	JAPAN: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	238
TABLE 178	JAPAN: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	239
TABLE 179	JAPAN: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	239
TABLE 180	JAPAN: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	240
TABLE 181	JAPAN: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	240
TABLE 182	JAPAN: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	241
8.3.3	INDIA	241
8.3.3.1	Low manufacturing cost and skilled workforce to attract outsourcing and investments	241
TABLE 183	INDIA: KEY MACROINDICATORS	242
TABLE 184	INDIA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	242
TABLE 185	INDIA: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	243
TABLE 186	INDIA: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	243
TABLE 187	INDIA: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	244
TABLE 188	INDIA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	244
TABLE 189	INDIA: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	245
TABLE 190	INDIA: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	245
TABLE 191	INDIA: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	246
8.3.4	SOUTH KOREA	246
8.3.4.1	Rising healthcare spending and increasing government initiatives to propel clinical trials	246
TABLE 192	COUNTRIES BUYING THE MOST KOREAN DRUGS	247
TABLE 193	SOUTH KOREA: KEY MACROINDICATORS	247
TABLE 194	SOUTH KOREA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	247
TABLE 195	SOUTH KOREA: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	248
TABLE 196	SOUTH KOREA: SECONDARY PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	248
TABLE 197	SOUTH KOREA: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	249
TABLE 198	SOUTH KOREA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	249
TABLE 199	SOUTH KOREA: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	250
TABLE 200	SOUTH KOREA: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	250
TABLE 201	SOUTH KOREA: SEMI-SOLID PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	251
8.3.5	REST OF APAC	251
TABLE 202	ROAPAC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	252
TABLE 203	ROAPAC: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	252
TABLE 204	ROAPAC: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	253
TABLE 205	ROAPAC: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	253
TABLE 206	ROAPAC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	254
TABLE 207	ROAPAC: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	254
TABLE 208	ROAPAC: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	255
TABLE 209	ROAPAC: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	255
			       1	INTRODUCTION	39
1.1	OBJECTIVES OF THE STUDY	39
1.2	MARKET DEFINITION	40
1.2.1	INCLUSIONS AND EXCLUSIONS	40
1.3	MARKET SCOPE	41
1.3.1	MARKETS COVERED	41
FIGURE 1	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET SEGMENTATION	41
1.3.2	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: BY REGION	42
1.4	YEARS CONSIDERED FOR THE STUDY	42
1.5	CURRENCY	43
TABLE 1	STANDARD CURRENCY CONVERSION RATES	43
1.6	LIMITATIONS	43
1.7	STAKEHOLDERS	43
1.8	SUMMARY OF CHANGES	44
2	RESEARCH METHODOLOGY	45
2.1	RESEARCH DATA	45
FIGURE 2	RESEARCH DESIGN	45
2.1.1	SECONDARY DATA	46
2.1.1.1	Key data from secondary sources	47
2.1.2	PRIMARY DATA	48
FIGURE 3	PRIMARY SOURCES	48
2.1.2.1	Key data from primary sources	49
2.1.2.2	Key industry insights	50
FIGURE 4	BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY SIDE AND DEMAND SIDE PARTICIPANTS	50
FIGURE 5	BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE): BY COMPANY TYPE, DESIGNATION, AND REGION	51
FIGURE 6	BREAKDOWN OF PRIMARY INTERVIEWS (DEMAND SIDE): BY END USER, DESIGNATION, AND REGION	51
2.2	MARKET SIZE ESTIMATION	52
FIGURE 7	SUPPLY SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS	52
FIGURE 8	REVENUE SHARE ANALYSIS ILLUSTRATION: SYNTEGON TECHNOLOGY GMBH	53
FIGURE 9	SUPPLY SIDE MARKET SIZE ESTIMATION: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET (2020)	54
FIGURE 10	APPROACH 3: BASED ON SOURCE, BY REGION (2022)	55
FIGURE 11	TOP-DOWN APPROACH	55
FIGURE 12	CAGR PROJECTIONS FROM DRIVERS, RESTRAINTS, OPPORTUNITIES, 
AND CHALLENGES ANALYSIS (2022–2027)	57
FIGURE 13	CAGR PROJECTIONS: SUPPLY SIDE ANALYSIS	57
2.3	MARKET BREAKDOWN AND DATA TRIANGULATION	58
FIGURE 14	DATA TRIANGULATION METHODOLOGY	59
2.4	MARKET SHARE ESTIMATION	60
2.5	ASSUMPTIONS FOR THE STUDY	60
2.6	LIMITATIONS	60
2.6.1	METHODOLOGY-RELATED LIMITATIONS	61
2.7	RISK ASSESSMENT	61
TABLE 2	RISK ASSESSMENT: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	61
2.8	ASSESSMENT OF COVID-19 IMPACT ON ECONOMIC SCENARIO	61
3	EXECUTIVE SUMMARY	63
FIGURE 15	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 
2022 VS. 2027 (USD MILLION)	63
FIGURE 16	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2022 VS. 2027 (USD MILLION)	64
FIGURE 17	GEOGRAPHICAL SNAPSHOT OF PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	65
4	PREMIUM INSIGHTS	66
4.1	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET OVERVIEW	66
FIGURE 18	RISING NEED FOR FLEXIBLE AND INTEGRATED PACKAGING EQUIPMENT TO DRIVE MARKET GROWTH	66
4.2	ASIA PACIFIC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT AND COUNTRY (2021)	67
FIGURE 19	PRIMARY PACKAGING EQUIPMENT SEGMENT TO ACCOUNT FOR THE LARGEST SHARE OF APAC MARKET IN 2021	67
4.3	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES	68
FIGURE 20	CHINA TO REGISTER THE HIGHEST GROWTH DURING FORECAST PERIOD	68
4.4	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, REGIONAL MIX, 2022−2027	68
FIGURE 21	EUROPE TO DOMINATE PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	68
4.5	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: DEVELOPING VS. DEVELOPED MARKETS	69
FIGURE 22	DEVELOPING MARKETS TO REGISTER HIGHER GROWTH DURING 
FORECAST PERIOD	69
5	MARKET OVERVIEW	70
5.1	INTRODUCTION	70
5.2	MARKET DYNAMICS	70
FIGURE 23	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	70
5.2.1	DRIVERS	71
5.2.1.1	High growth in generics & biopharmaceuticals markets	71
FIGURE 24	SALES OF GENERIC DRUGS GLOBALLY, 2006–2020 (USD BILLION)	71
FIGURE 25	GLOBAL PHARMACEUTICALS MARKET (USD BILLION)	71
TABLE 3	LIST OF OFF-PATENT DRUGS, 2015−2029	72
5.2.1.2	Growing need for flexible and integrated packaging equipment	73
5.2.1.3	Increase in offshore pharmaceutical manufacturing	73
FIGURE 26	PHARMACEUTICAL IMPORTS AND EXPORTS, BY COUNTRY, 
2020 (USD BILLION)	74
5.2.1.4	Growing contract manufacturing of pharmaceutical products	74
5.2.1.5	Introduction of regulatory standards on packaging and stringent norms against counterfeit products	74
TABLE 4	KEY REGULATIONS & STANDARDS GOVERNING PHARMACEUTICAL PACKAGING EQUIPMENT	75
5.2.1.6	Innovation in pharmaceutical packaging and delivery system	75
5.2.1.7	Growth in OTC drug sales and regulations to reduce OTC counterfeit	76
FIGURE 27	GLOBAL OTC PHARMACEUTICALS MARKET SIZE, 2020 (USD BILLION)	76
5.2.2	RESTRAINTS	76
5.2.2.1	Growing preference for refurbished equipment	76
5.2.3	OPPORTUNITIES	77
5.2.3.1	Growth of pharmaceutical manufacturing in emerging economies	77
5.2.3.2	Rising demand for automated packaging	77
5.2.3.3	Change in medication systems to self-medication and self-care	78
5.2.3.4	Increasing pharmaceutical R&D investments	78
FIGURE 28	PHARMACEUTICAL & BIOPHARMACEUTICAL R&D EXPENDITURE, 
2017–2024	79
FIGURE 29	NUMBER OF REGISTERED STUDIES, 2001-2022 
(AS OF FEBRUARY 22, 2022)	79
FIGURE 30	NUMBER OF PIPELINE DRUGS, BY COMPANY, 2019	80
5.2.4	CHALLENGES	80
5.2.4.1	Growth in personalized and precision medicine supply chain	80
5.2.4.2	Uncertainties in regulations and standards of pharmaceutical packaging process	81
5.3	TECHNOLOGICAL ROADMAP	82
FIGURE 31	PHARMACEUTICAL PACKAGING EQUIPMENT: TECHNOLOGICAL ROADMAP	82
5.4	INDUSTRY TRENDS	83
FIGURE 32	MAJOR TRENDS IN PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	83
5.4.1	DEVELOPMENT OF PRODUCTION LINES FOR SMALL BATCH SIZES AND RESEARCH PURPOSES	83
5.4.2	AUTOMATION AND INTEGRATION OF PACKAGING EQUIPMENT	84
5.4.3	GROWING FOCUS ON LABELING AND SERIALIZATION FOR ANTI-COUNTERFEITING OF DRUGS	85
5.4.4	GROWING DEMAND FOR ASEPTIC FILLING AND SEALING EQUIPMENT	85
5.5	PRICING ANALYSIS	86
TABLE 5	AVERAGE SELLING PRICE (USD): PRIMARY PACKAGING EQUIPMENT	86
TABLE 6	AVERAGE SELLING PRICE (USD): SECONDARY PACKAGING EQUIPMENT	87
TABLE 7	AVERAGE SELLING PRICE (USD): LABELING AND SERIALIZATION EQUIPMENT	87
5.6	SUPPLY CHAIN ANALYSIS	87
FIGURE 33	SUPPLY CHAIN ANALYSIS	88
5.7	VALUE CHAIN ANALYSIS	88
FIGURE 34	VALUE CHAIN OF PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	89
5.8	ECOSYSTEM MARKET MAP	89
FIGURE 35	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: 
ECOSYSTEM MARKET MAP	89
5.9	PORTER’S FIVE FORCES ANALYSIS	90
TABLE 8	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS	90
5.10	REGULATORY ANALYSIS	92
5.10.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	92
TABLE 9	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	92
TABLE 10	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, 
AND OTHER ORGANIZATIONS	92
TABLE 11	ASIA-PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, 
AND OTHER ORGANIZATIONS	93
TABLE 12	REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	93
5.10.2	NORTH AMERICA	94
5.10.2.1	US	94
5.10.2.2	CANADA	94
5.10.3	EUROPE	95
5.10.4	ASIA PACIFIC	95
5.10.4.1	Japan	95
5.10.4.2	China	95
5.10.4.3	India	95
5.10.5	BRAZIL	96
FIGURE 36	BRAZIL: REGULATORY PROCESS FOR PHARMACEUTICAL PACKAGING EQUIPMENT	96
5.11	KEY CONFERENCES & EVENTS IN 2022-2023	97
TABLE 13	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: DETAILED LIST OF CONFERENCES & EVENTS	97
5.12	YC–YCC TRENDS/DISRUPTION IMPACTING CUSTOMER BUSINESS	98
FIGURE 37	YC–YCC SHIFT IN PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	98
5.13	PATENT ANALYSIS	98
5.13.1	PATENT PUBLICATION TRENDS FOR PHARMACEUTICAL PACKAGING EQUIPMENT	98
FIGURE 38	GLOBAL PATENT PUBLICATION TRENDS IN PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 2015–2021	99
5.13.2	JURISDICTION ANALYSIS: TOP APPLICANTS (COUNTRIES) FOR PATENTS IN PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	99
FIGURE 39	JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR PHARMACEUTICAL PACKAGING EQUIPMENT PATENTS, 
2015–2021	99
5.14	TRADE ANALYSIS	100
TABLE 14	PHARMACEUTICAL PACKAGING EQUIPMENT EXPORT AND IMPORT DATA, 
BY COUNTRY	100
5.15	CASE STUDY ANALYSIS	101
FIGURE 40	CASE STUDY: SECURITY PACKAGING UPGRADES FOR PHARMACEUTICAL	101
5.15.1	CASE STUDY: QUALITATIVE INSIGHT BASED ON SPEED OF THE MACHINE	102
5.15.1.1	Sachet packaging equipment:	102
5.15.1.2	Blister packaging equipment:	102
5.15.1.3	Cartoning equipment:	104
5.16	IMPACT OF COVID-19 ON PHARMACEUTICAL PACKAGING EQUIPMENT MARKET	107
6	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT	109
6.1	INTRODUCTION	110
TABLE 15	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 
2020–2027 (USD MILLION)	110
6.2	PRIMARY PACKAGING EQUIPMENT	110
TABLE 16	PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	111
TABLE 17	PRIMARY PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	112
6.2.1	ASEPTIC FILLING AND SEALING EQUIPMENT	112
6.2.1.1	Technological advancements and automation to drive segment growth	112
TABLE 18	EXAMPLES OF ASEPTIC FILLING AND SEALING EQUIPMENT	113
TABLE 19	ASEPTIC FILLING AND SEALING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	116
6.2.2	BOTTLE FILLING AND CAPPING EQUIPMENT	116
6.2.2.1	Higher adoption of plastic bottles in pharmaceutical packaging to support segment growth	116
TABLE 20	EXAMPLES OF BOTTLE FILLING AND CAPPING EQUIPMENT	117
TABLE 21	BOTTLE FILLING AND CAPPING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	118
6.2.3	BLISTER PACKAGING EQUIPMENT	118
6.2.3.1	Adaptability of blister packs to impact blister packaging equipment demand	118
TABLE 22	EXAMPLES OF BLISTER PACKAGING EQUIPMENT	119
TABLE 23	BLISTER PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	121
6.2.4	SOFT-TUBE FILLING AND SEALING EQUIPMENT	122
6.2.4.1	Increasing demand for soft-tube-based drug formulations and OTC pain relief ointments and creams to aid market growth	122
TABLE 24	EXAMPLES OF SOFT-TUBE FILLING AND SEALING EQUIPMENT	122
TABLE 25	SOFT-TUBE FILLING AND SEALING EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	123
6.2.5	SACHET PACKAGING EQUIPMENT	124
6.2.5.1	Increasing applications of sachets and pouches in unit dose packaging to drive segment growth	124
TABLE 26	EXAMPLES OF SACHET PACKAGING EQUIPMENT	124
TABLE 27	SACHET PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	125
6.2.6	STRIP PACKAGING EQUIPMENT	125
6.2.6.1	User-friendly packaging of strips to drive segment growth	125
TABLE 28	EXAMPLES OF STRIP PACKAGING EQUIPMENT	126
TABLE 29	STRIP PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	127
6.2.7	COUNTING EQUIPMENT	127
6.2.7.1	Initiatives to develop remote tablet counting machines to improve accuracy and efficiency in medical dispensing	127
TABLE 30	EXAMPLES OF COUNTING EQUIPMENT	128
TABLE 31	COUNTING EQUIPMENT MARKET, BY COUNTRY, 2020–2027(USD MILLION)	129
6.2.8	OTHER PRIMARY PACKAGING EQUIPMENT	129
TABLE 32	OTHER PRIMARY PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027(USD MILLION)	130
6.3	SECONDARY PACKAGING EQUIPMENT	130
TABLE 33	SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	131
TABLE 34	SECONDARY PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	132
6.3.1	CARTONING EQUIPMENT	132
6.3.1.1	Safe and gentle packaging achieved with cartoning equipment usage to drive segment growth	132
TABLE 35	EXAMPLES OF CARTONING EQUIPMENT	133
TABLE 36	CARTONING EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	135
6.3.2	CASE PACKING EQUIPMENT	135
6.3.2.1	Increasing demand for flexible packaging to support market growth	135
TABLE 37	EXAMPLES OF CASE PACKING EQUIPMENT	136
TABLE 38	CASE PACKING EQUIPMENT MARKET, BY COUNTRY,
2020–2027 (USD MILLION)	137
6.3.3	WRAPPING EQUIPMENT	137
6.3.3.1	Wrapping machines offer customization to increase productivity	137
TABLE 39	EXAMPLES OF WRAPPING EQUIPMENT	138
TABLE 40	WRAPPING EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	139
6.3.4	TRAY PACKING EQUIPMENT	139
6.3.4.1	Technological advances to support segment growth	139
TABLE 41	EXAMPLES OF TRAY PACKING EQUIPMENT	140
TABLE 42	TRAY PACKING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	140
6.3.5	PALLETIZING AND DEPALLETIZING EQUIPMENT	141
6.3.5.1	Recent developments and automation in palletizing and depalletizing equipment to drive market growth	141
TABLE 43	EXAMPLES OF PALLETIZING AND DEPALLETIZING EQUIPMENT	141
TABLE 44	PALLETIZING AND DEPALLETIZING EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	142
6.4	LABELING AND SERIALIZATION EQUIPMENT	142
TABLE 45	LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	143
TABLE 46	LABELING AND SERIALIZATION EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	144
6.4.1	BOTTLE AND AMPOULE LABELING AND SERIALIZATION EQUIPMENT	144
6.4.1.1	Increasing awareness about anti-counterfeit technologies to drive market growth	144
TABLE 47	EXAMPLES OF BOTTLE AND AMPOULE LABELING AND SERIALIZATION EQUIPMENT	145
TABLE 48	BOTTLE AND AMPOULE LABELING AND SERIALIZATION EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	146
6.4.2	CARTON LABELING AND SERIALIZATION EQUIPMENT	146
6.4.2.1	Increasing demand for pharmaceutical products labeling and serialization to drive market growth	146
TABLE 49	EXAMPLES OF CARTON LABELING AND SERIALIZATION EQUIPMENT	147
TABLE 50	CARTON LABELING AND SERIALIZATION EQUIPMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	147
6.4.3	DATA MATRIX LABELING AND SERIALIZATION EQUIPMENT	148
6.4.3.1	Speed and ease of use to propel segment growth	148
TABLE 51	EXAMPLES OF DATA MATRIX LABELING AND SERIALIZATION EQUIPMENT	148
TABLE 52	DATA MATRIX LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY COUNTRY, 2020–2027 (USD MILLION)	149
7	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE	150
7.1	INTRODUCTION	151
TABLE 53	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	151
7.2	LIQUID PACKAGING EQUIPMENT	151
TABLE 54	LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	152
TABLE 55	LIQUID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	152
7.2.1	ASEPTIC LIQUIDS	153
7.2.1.1	Automation of packaging lines and increasing use of robotics to propel aseptic liquid packaging	153
TABLE 56	EXAMPLES OF ASEPTIC LIQUID PACKAGING EQUIPMENT	154
TABLE 57	ASEPTIC LIQUID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	157
7.2.2	SYRUPS	158
7.2.2.1	Bottle filling and capping machines to reduce syrup spillage risk	158
TABLE 58	EXAMPLES OF SYRUP PACKAGING EQUIPMENT	158
TABLE 59	SYRUP PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	159
7.2.3	EYE/EAR DROPS	159
7.2.3.1	Technological advancements to increase demand for automated form-fill-seal equipment used for eye/ear drops packaging	159
TABLE 60	EXAMPLES OF EYE/EAR DROP PACKAGING EQUIPMENT	160
TABLE 61	EYE/EAR DROP PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	160
7.2.4	AEROSOLS	161
7.2.4.1	Integration of filling and sealing processes to gain importance in aerosol packaging	161
TABLE 62	EXAMPLES OF AEROSOL PACKAGING EQUIPMENT	161
TABLE 63	AEROSOL PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	162
7.2.5	OTHER LIQUID PACKAGING EQUIPMENT	162
TABLE 64	OTHER LIQUID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	163
7.3	SOLID PACKAGING EQUIPMENT	163
TABLE 65	SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	164
TABLE 66	SOLID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	164
7.3.1	TABLETS	165
7.3.1.1	Growing demand for packaging equipment capable of handling smaller batch sizes with higher levels of accuracy and precision to drive segment growth	165
TABLE 67	EXAMPLES OF TABLET PACKAGING EQUIPMENT	165
TABLE 68	TABLET PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	168
7.3.2	CAPSULES	168
7.3.2.1	Capsule-counting machines to integrate with filling and inspection systems	168
TABLE 69	EXAMPLES OF CAPSULE PACKAGING EQUIPMENT	169
TABLE 70	CAPSULE PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	170
7.3.3	POWDERS	170
7.3.3.1	High demand for robotic packaging equipment for powder packaging to proper segment growth	170
TABLE 71	EXAMPLES OF POWDER PACKAGING EQUIPMENT	171
TABLE 72	POWDER PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	172
7.3.4	GRANULES	172
7.3.4.1	Sachets to become most preferred packaging forms for granules	172
TABLE 73	EXAMPLES OF GRANULE PACKAGING EQUIPMENT	173
TABLE 74	GRANULE PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	173
7.3.5	OTHER SOLID PACKAGING EQUIPMENT	174
TABLE 75	OTHER SOLID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	174
7.4	SEMI-SOLID PACKAGING EQUIPMENT	175
TABLE 76	SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	175
TABLE 77	SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	176
7.4.1	OINTMENTS	176
7.4.1.1	Wide usage to drive pharmaceutical packaging equipment demand	176
TABLE 78	EXAMPLES OF OINTMENT PACKAGING EQUIPMENT	177
TABLE 79	OINTMENT PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	178
7.4.2	CREAMS	178
7.4.2.1	Filling, capping, and sealing machines to package creams	178
TABLE 80	CREAM PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	179
7.4.3	SUPPOSITORIES	179
7.4.3.1	Drying drug pipelines and growing costs to limit segment growth	179
TABLE 81	SUPPOSITORY PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	180
7.4.4	OTHER SEMI-SOLID PACKAGING EQUIPMENT	180
TABLE 82	OTHER SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	181
7.5	OTHER PRODUCT PACKAGING EQUIPMENT	181
TABLE 83	OTHER PRODUCT PACKAGING EQUIPMENT MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	182
8	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY REGION	183
8.1	INTRODUCTION	184
FIGURE 41	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES	184
TABLE 84	PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY REGION, 
2020–2027 (USD MILLION)	185
8.2	EUROPE	185
FIGURE 42	EUROPE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET SNAPSHOT	186
TABLE 85	EUROPE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY COUNTRY, 2020–2027 (USD MILLION)	187
TABLE 86	EUROPE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	187
TABLE 87	EUROPE: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	188
TABLE 88	EUROPE: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	188
TABLE 89	EUROPE: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	189
TABLE 90	EUROPE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 2020–2027 (USD MILLION)	189
TABLE 91	EUROPE: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	190
TABLE 92	EUROPE: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	190
TABLE 93	EUROPE: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	191
8.2.1	GERMANY	191
8.2.1.1	Germany to witness highest growth rate in European market	191
TABLE 94	GERMANY: KEY MACROINDICATORS	192
TABLE 95	GERMANY: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	192
TABLE 96	GERMANY: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	193
TABLE 97	GERMANY: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	193
TABLE 98	GERMANY: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	194
TABLE 99	GERMANY: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	194
TABLE 100	GERMANY: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	195
TABLE 101	GERMANY: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	195
TABLE 102	GERMANY: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	196
8.2.2	ITALY	196
8.2.2.1	Growing consumption of OTC and generic drugs to drive market growth	196
TABLE 103	ITALY: KEY MACROINDICATORS	197
TABLE 104	ITALY: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	197
TABLE 105	ITALY: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	198
TABLE 106	ITALY: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	198
TABLE 107	ITALY: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	199
TABLE 108	ITALY: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	199
TABLE 109	ITALY: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	200
TABLE 110	ITALY: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	200
TABLE 111	ITALY: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	201
8.2.3	UK	201
8.2.3.1	Growth in generics market alongside rising demand for prescription and OTC drugs to drive market growth	201
TABLE 112	UK: KEY MACROINDICATORS	201
TABLE 113	UK: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	202
TABLE 114	UK: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	202
TABLE 115	UK: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	203
TABLE 116	UK: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	203
TABLE 117	UK: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	204
TABLE 118	UK: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	204
TABLE 119	UK: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	205
TABLE 120	UK: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	205
8.2.4	FRANCE	206
8.2.4.1	Presence of leading pharmaceutical companies to drive market growth	206
TABLE 121	FRANCE: KEY MACROINDICATORS	206
TABLE 122	FRANCE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	206
TABLE 123	FRANCE: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	207
TABLE 124	FRANCE: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	207
TABLE 125	FRANCE: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	208
TABLE 126	FRANCE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	208
TABLE 127	FRANCE: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	209
TABLE 128	FRANCE: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	209
TABLE 129	FRANCE: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	210
8.2.5	SPAIN	210
8.2.5.1	Rising geriatric population and growing generics market to propel market growth	210
TABLE 130	SPAIN: KEY MACROINDICATORS	211
TABLE 131	SPAIN: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	211
TABLE 132	SPAIN: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	212
TABLE 133	SPAIN: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	212
TABLE 134	SPAIN: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	213
TABLE 135	SPAIN: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	213
TABLE 136	SPAIN: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	214
TABLE 137	SPAIN: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	214
TABLE 138	SPAIN: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	215
8.2.6	SWITZERLAND	215
8.2.6.1	Growing generics market to drive market growth	215
TABLE 139	SWITZERLAND: KEY MACROINDICATORS	216
TABLE 140	SWITZERLAND: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	216
TABLE 141	SWITZERLAND: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	217
TABLE 142	SWITZERLAND: SECONDARY PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	217
TABLE 143	SWITZERLAND: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	218
TABLE 144	SWITZERLAND: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	218
TABLE 145	SWITZERLAND: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	219
TABLE 146	SWITZERLAND: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	219
TABLE 147	SWITZERLAND: SEMI-SOLID PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	220
8.2.7	REST OF EUROPE	220
TABLE 148	ROE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	221
TABLE 149	ROE: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	221
TABLE 150	ROE: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	222
TABLE 151	ROE: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	222
TABLE 152	ROE: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	223
TABLE 153	ROE: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	223
TABLE 154	ROE: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	224
TABLE 155	ROE: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	224
8.3	ASIA PACIFIC	225
FIGURE 43	ASIA PACIFIC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET SNAPSHOT	226
TABLE 156	APAC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY COUNTRY, 2020–2027 (USD MILLION)	227
TABLE 157	APAC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	227
TABLE 158	APAC: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	228
TABLE 159	APAC: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	228
TABLE 160	APAC: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	229
TABLE 161	APAC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	229
TABLE 162	APAC: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	230
TABLE 163	APAC: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	230
TABLE 164	APAC: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	231
8.3.1	CHINA	231
8.3.1.1	Favorable government initiatives to propel market growth	231
TABLE 165	CHINA: KEY MACROINDICATORS	232
TABLE 166	CHINA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	232
TABLE 167	CHINA: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	233
TABLE 168	CHINA: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	233
TABLE 169	CHINA: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	234
TABLE 170	CHINA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 2020–2027 (USD MILLION)	234
TABLE 171	CHINA: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	235
TABLE 172	CHINA: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	235
TABLE 173	CHINA: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	236
8.3.2	JAPAN	236
8.3.2.1	Rising geriatric population and growth in generics market to drive market growth	236
TABLE 174	JAPAN: KEY MACROINDICATORS	237
TABLE 175	JAPAN: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)	237
TABLE 176	JAPAN: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	238
TABLE 177	JAPAN: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	238
TABLE 178	JAPAN: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	239
TABLE 179	JAPAN: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	239
TABLE 180	JAPAN: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	240
TABLE 181	JAPAN: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	240
TABLE 182	JAPAN: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	241
8.3.3	INDIA	241
8.3.3.1	Low manufacturing cost and skilled workforce to attract outsourcing and investments	241
TABLE 183	INDIA: KEY MACROINDICATORS	242
TABLE 184	INDIA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	242
TABLE 185	INDIA: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	243
TABLE 186	INDIA: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	243
TABLE 187	INDIA: LABELING AND SERIALIZATION EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	244
TABLE 188	INDIA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	244
TABLE 189	INDIA: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	245
TABLE 190	INDIA: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	245
TABLE 191	INDIA: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	246
8.3.4	SOUTH KOREA	246
8.3.4.1	Rising healthcare spending and increasing government initiatives to propel clinical trials	246
TABLE 192	COUNTRIES BUYING THE MOST KOREAN DRUGS	247
TABLE 193	SOUTH KOREA: KEY MACROINDICATORS	247
TABLE 194	SOUTH KOREA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	247
TABLE 195	SOUTH KOREA: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	248
TABLE 196	SOUTH KOREA: SECONDARY PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	248
TABLE 197	SOUTH KOREA: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	249
TABLE 198	SOUTH KOREA: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	249
TABLE 199	SOUTH KOREA: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	250
TABLE 200	SOUTH KOREA: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	250
TABLE 201	SOUTH KOREA: SEMI-SOLID PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	251
8.3.5	REST OF APAC	251
TABLE 202	ROAPAC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY PRODUCT, 2020–2027 (USD MILLION)	252
TABLE 203	ROAPAC: PRIMARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	252
TABLE 204	ROAPAC: SECONDARY PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	253
TABLE 205	ROAPAC: LABELING AND SERIALIZATION EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	253
TABLE 206	ROAPAC: PHARMACEUTICAL PACKAGING EQUIPMENT MARKET, 
BY TYPE, 2020–2027 (USD MILLION)	254
TABLE 207	ROAPAC: LIQUID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	254
TABLE 208	ROAPAC: SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	255
TABLE 209	ROAPAC: SEMI-SOLID PACKAGING EQUIPMENT MARKET, BY TYPE, 
2020–2027 (USD MILLION)	255
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			       1	INTRODUCTION	40
1.1	OBJECTIVES OF THE STUDY	40
1.2	MARKET DEFINITION	40
1.2.1	INCLUSIONS & EXCLUSIONS	40
1.3	MARKET SCOPE	41
FIGURE 1	CLINICAL TRIALS MARKET	41
1.3.1	YEARS CONSIDERED FOR THE STUDY	42
1.4	CURRENCY	42
1.5	LIMITATIONS	42
1.6	STAKEHOLDERS	43
1.7	SUMMARY OF CHANGES	43
2	RESEARCH METHODOLOGY	44
2.1	RESEARCH DATA	44
FIGURE 2	RESEARCH DESIGN	44
2.1.1	SECONDARY DATA	45
2.1.2	PRIMARY DATA	46
FIGURE 3	CLINICAL TRIALS MARKET: BREAKDOWN OF PRIMARIES	46
2.2	MARKET SIZE ESTIMATION	47
FIGURE 4	MARKET SIZE ESTIMATION: BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF CLINICAL TRIALS IN THE MARKET	47
FIGURE 5	MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS, 2020	48
FIGURE 6	AVERAGE MARKET SIZE ESTIMATION, 2020	48
2.3	GROWTH RATE ASSUMPTIONS/GROWTH FORECAST	50
FIGURE 7	CLINICAL TRIALS MARKET: CAGR PROJECTIONS, 2021–2026	50
FIGURE 8	CLINICAL TRIALS MARKET: GROWTH ANALYSIS OF DRIVERS, RESTRAINTS, AND OPPORTUNITIES	51
FIGURE 9	MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH	51
2.4	MARKET BREAKDOWN AND DATA TRIANGULATION	53
FIGURE 10	DATA TRIANGULATION METHODOLOGY	53
2.5	INSIGHTS FROM PRIMARIES	54
FIGURE 11	MARKET VALIDATION FROM PRIMARY EXPERTS	54
2.6	RESEARCH ASSUMPTIONS	54
2.6.1	COVID-19 SPECIFIC ASSUMPTIONS	55
2.7	RISK ANALYSIS	55
3	EXECUTIVE SUMMARY	56
FIGURE 12	CLINICAL TRIALS MARKET, BY PHASE, 2021 VS. 2026 (USD BILLION)	56
FIGURE 13	CLINICAL TRIALS MARKET, BY THERAPY AREA, 2021 VS. 2026 (USD BILLION)	57
FIGURE 14	CLINICAL TRIALS MARKET, BY APPLICATION, 2021 VS. 2026 (USD BILLION)	57
FIGURE 15	CLINICAL TRIALS MARKET, BY SERVICE TYPE, 2021 VS. 2026 (USD BILLION)	58
FIGURE 16	GEOGRAPHICAL SNAPSHOT: CLINICAL TRIALS MARKET	59
4	PREMIUM INSIGHTS	60
4.1	CLINICAL TRIALS MARKET OVERVIEW	60
FIGURE 17	RISING INVESTMENTS IN THE PHARMACEUTICAL INDUSTRY TO DRIVE 
THE MARKET GROWTH	60
4.2	NORTH AMERICA: CLINICAL TRIALS MARKET SHARE, BY PHASE & COUNTRY (2020)	61
FIGURE 18	PHASE III SEGMENT ACCOUNTED FOR LARGEST SHARE OF NORTH AMERICAN CLINICAL TRIALS MARKET IN 2020	61
4.3	CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICE TYPE, 
2021 VS. 2026 (USD BILLION)	62
FIGURE 19	CELL-BASED ASSAY SEGMENT CONTINUES TO DOMINATE THE MARKET DURING THE FORECAST PERIOD	62
5	MARKET OVERVIEW	63
5.1	INTRODUCTION	63
5.2	MARKET DYNAMICS	63
FIGURE 20	CLINICAL TRIALS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	63
TABLE 1	CLINICAL TRIALS MARKET: IMPACT ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	64
5.2.1	DRIVERS	64
5.2.1.1	Increasing investment in pharmaceutical R&D	64
FIGURE 21	INCREASE IN GLOBAL PHARMACEUTICAL R&D SPENDING, 2012–2026	65
FIGURE 22	ACTIVE PHARMACEUTICAL PIPELINE, 2011–2021	65
5.2.1.2	Increasing number of clinical trials	66
FIGURE 23	NUMBER OF CLINICAL TRIALS REGISTERED WORLDWIDE (2000–2021)	66
5.2.1.3	High cost of in-house drug development	66
FIGURE 24	AVERAGE COST TO DEVELOP A PHARMACEUTICAL COMPOUND FROM DISCOVERY TO LAUNCH, 2010–2020 (USD BILLION)	67
5.2.1.4	Rising prevalence of orphan and rare diseases	67
5.2.2	OPPORTUNITIES	68
5.2.2.1	Growth in drugs and biologics market despite COVID-19 pandemic	68
FIGURE 25	TOTAL NUMBER OF NEW DRUGS (NEW CHEMICAL ENTITIES AND BIOLOGICS) APPROVED BY US FDA (2001–2020)	68
TABLE 2	LIST OF BIOLOGICS APPROVED BY US FDA, 2020	68
5.2.2.2	Rising demand for specialized testing services among end users	69
5.2.2.3	Need for novel clinical trial designs for complex cell and gene therapies	70
5.2.3	CHALLENGES	70
5.2.3.1	Shortage of skilled professionals for clinical trials	70
5.2.3.2	Requirement of unique analytical testing approaches for innovative drug molecules	70
5.2.4	MARKET TRENDS	71
5.2.4.1	Adoption of artificial intelligence-based tools for drug discovery	71
5.2.4.2	Increasing outsourcing activities in emerging Asian economies	71
5.2.4.3	Integrated end-to-end R&D service solutions	73
5.3	RANGES/SCENARIOS	73
FIGURE 26	SPECTRUM OF SCENARIOS BASED ON THE IMPACT OF UNCERTAINTIES ON THE GROWTH OF THE CLINICAL TRIALS MARKET	73
5.4	IMPACT OF COVID-19 ON CLINICAL TRIALS MARKET	74
5.5	PORTER’S FIVE FORCES ANALYSIS	75
TABLE 3	CLINICAL TRIALS MARKET: PORTER’S FIVE FORCES ANALYSIS	75
5.5.1	THREAT OF NEW ENTRANTS	75
5.5.2	THREAT OF SUBSTITUTES	75
5.5.3	BARGAINING POWER OF BUYERS	75
5.5.4	BARGAINING POWER OF SUPPLIERS	76
5.5.5	DEGREE OF COMPETITION	76
5.6	TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS	76
FIGURE 27	REVENUE SHIFT & NEW POCKETS FOR CLINICAL TRIAL SERVICE PROVIDERS	76
5.7	ECOSYSTEM ANALYSIS	77
FIGURE 28	ECOSYSTEM ANALYSIS: CLINICAL TRIALS MARKET	77
TABLE 4	SUPPLY CHAIN ECOSYSTEM	78
5.8	REGULATORY ANALYSIS	79
6	CLINICAL TRIALS MARKET, BY PHASE	82
6.1	INTRODUCTION	83
TABLE 5	CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	83
FIGURE 29	DRUGS IN THE PIPELINE, BY DEVELOPMENT PHASE, 2019 VS. 2020	84
6.2	CLINICAL TRIALS PLANNING AND DESIGNING SOLUTION	84
FIGURE 30	CLINICAL TRIAL PLANNING & DESIGNING	84
6.3	PHASE I	87
6.3.1	ROBUST PIPELINE OF PHARMACEUTICAL COMPANIES DRIVES THE GROWTH OF THIS SEGMENT	87
TABLE 6	EXAMPLES OF PHASE I STUDY OF DRUGS	87
TABLE 7	PHASE I CLINICAL TRIALS MARKET, BY REGION, 2019–2026 (USD BILLION)	88
TABLE 8	NORTH AMERICA: PHASE I CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	88
TABLE 9	EUROPE: PHASE I CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	88
TABLE 10	ASIA PACIFIC: PHASE I CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	89
6.4	PHASE II	89
6.4.1	LONG DURATION OF PHASE II STUDIES PROVIDES GROWTH OPPORTUNITIES FOR CROS	89
TABLE 11	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE II STUDIES	89
TABLE 12	PHASE II CLINICAL TRIALS MARKET, BY REGION, 2019–2026 (USD BILLION)	90
TABLE 13	NORTH AMERICA: PHASE II CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	90
TABLE 14	EUROPE: PHASE II CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	91
TABLE 15	ASIA PACIFIC: PHASE II CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	91
6.5	PHASE III	92
6.5.1	RISING COSTS OF PHASE III TRIALS INCREASES THE DEMAND FOR COST-EFFECTIVE CLINICAL RESEARCH SERVICES	92
TABLE 16	EXAMPLES OF DRUGS THAT HAVE COMPLETED THE PHASE III STUDY	92
TABLE 17	PHASE III CLINICAL TRIALS MARKET, BY REGION, 2019–2026 (USD BILLION)	93
TABLE 18	NORTH AMERICA: PHASE III CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	93
TABLE 19	EUROPE: PHASE III CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	93
TABLE 20	ASIA PACIFIC: PHASE III CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	94
6.6	PHASE IV	94
6.6.1	RISING NUMBER OF CLINICAL RESEARCH ENTITIES PROVIDING POST-MARKETING SURVEILLANCE TO DRIVE THE SEGMENT GROWTH	94
TABLE 21	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE IV CLINICAL STUDIES	94
TABLE 22	PHASE IV CLINICAL TRIALS MARKET, BY REGION, 2019–2026 (USD BILLION)	95
TABLE 23	NORTH AMERICA: PHASE IV CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	95
TABLE 24	EUROPE: PHASE IV CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	95
TABLE 25	ASIA PACIFIC: PHASE IV CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	96
7	CLINICAL TRIALS MARKET, BY SERVICE TYPE	97
7.1	INTRODUCTION	98
TABLE 26	CLINICAL TRIALS MARKET, BY SERVICE TYPE, 2019–2026 (USD BILLION)	98
7.2	PROTOCOL DESIGNING	99
7.2.1	PROTOCOL DESIGNING SERVICES SERVE AS AN EFFECTIVE STRATEGY TO ENSURE RAPID & EFFECTIVE PLANNING FOR CLINICAL TRIAL STUDIES	99
TABLE 27	PROTOCOL DESIGNING MARKET, BY REGION, 2019–2026 (USD BILLION)	99
TABLE 28	NORTH AMERICA: PROTOCOL DESIGNING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	100
TABLE 29	EUROPE: PROTOCOL DESIGNING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	100
TABLE 30	ASIA PACIFIC: PROTOCOL DESIGNING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	100
7.3	SITE IDENTIFICATION	101
7.3.1	NEW DIGITAL TECHNOLOGIES THAT ENABLE DATA VARIABILITY ENHANCES SITE IDENTIFICATION SERVICE EFFICACY	101
TABLE 31	SITE IDENTIFICATION MARKET, BY REGION, 2019–2026 (USD BILLION)	101
TABLE 32	NORTH AMERICA: SITE IDENTIFICATION MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	102
TABLE 33	EUROPE: SITE IDENTIFICATION MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	102
TABLE 34	ASIA PACIFIC: SITE IDENTIFICATION MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	102
7.4	PATIENT RECRUITMENT	103
7.4.1	GROWING REQUIREMENT TO WORK WITH A PATIENT-CENTRIC CLINICAL TRIAL COMPANY SUPPORTS THE GROWTH OF THIS SEGMENT	103
TABLE 35	SOME OF THE PATIENT RECRUITMENT SERVICE PROVIDERS	103
TABLE 36	PATIENT RECRUITEMENT MARKET, BY REGION, 2019–2026 (USD BILLION)	104
TABLE 37	NORTH AMERICA: PATIENT RECRUITEMENT MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	104
TABLE 38	EUROPE: PATIENT RECRUITEMENT MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	104
TABLE 39	ASIA PACIFIC: PATIENT RECRUITEMENT MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	105
7.5	LABORATORY SERVICES	105
7.5.1	INCREASING IMPORTANCE OF LABORATORY SERVICES TO ENSURE REGULATORY COMPLIANCE PROPELS THE GROWTH OF THIS SEGMENT	105
TABLE 40	EXAMPLES OF LABORATORY SERVICES OFFERED BY PROMINENT PLAYERS	105
TABLE 41	LABORATORY SERVICES MARKET, BY REGION, 2019–2026 (USD BILLION)	106
TABLE 42	NORTH AMERICA: LABORATORY SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	106
TABLE 43	EUROPE: LABORATORY SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	107
TABLE 44	ASIA PACIFIC: LABORATORY SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	107
7.5.2	ANALYTICAL TESTING SERVICES	107
7.5.2.1	Increasing demand for analytical testing for drug development to drive the growth of this segment	107
TABLE 45	ANALYTICAL TESTING SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	108
TABLE 46	NORTH AMERICA: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	108
TABLE 47	EUROPE: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	108
TABLE 48	ASIA PACIFIC: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	109
7.6	BIOANALYTICAL TESTING SERVICES	109
7.6.1	HIGH DEMAND FOR BIOANALYTICAL TESTING DUE TO THE GROWING USE OF MACROMOLECULES AND BIOSIMILARS TO DRIVE THE GROWTH OF THIS SEGMENT	109
TABLE 49	BIOANALYTICAL TESTING SERVICES MARKET, BY TYPE, 
2019–2026 (USD BILLION)	110
TABLE 50	BIOANALYTICAL TESTING SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	110
TABLE 51	NORTH AMERICA: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	110
TABLE 52	EUROPE: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	111
TABLE 53	ASIA PACIFIC: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	111
7.6.2	CELL-BASED ASSAYS	111
7.6.2.1	Increasing number of service providers offering customized cell-based assay testing services to drive the growth of this segment	111
TABLE 54	CELL-BASED ASSAYS MARKET, BY REGION, 2019–2026 (USD BILLION)	112
TABLE 55	NORTH AMERICA: CELL-BASED ASSAYS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	112
TABLE 56	EUROPE: CELL-BASED ASSAYS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	112
TABLE 57	ASIA PACIFIC: CELL-BASED ASSAYS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	113
7.6.3	VIROLOGY TESTING	113
7.6.3.1	Higher uptake of in vitro virology assays in the development of antiviral pharmaceuticals to drive the growth of this segment	113
TABLE 58	VIROLOGY TESTING MARKET, BY REGION, 2019–2026 (USD BILLION)	113
TABLE 59	NORTH AMERICA: VIROLOGY TESTING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	114
TABLE 60	EUROPE: VIROLOGY TESTING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	114
TABLE 61	ASIA PACIFIC: VIROLOGY TESTING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	114
7.6.4	PK/PD (PHARMACOKINETICS/PHARMACODYNAMICS) TESTING SERVICES	115
7.6.4.1	Rising importance of studies to determine pharmacokinetic behavior of drug candidates to drive the growth of this segment	115
TABLE 62	PK/PD (PHARMACOKINETICS/PHARMACODYNAMICS) TESTING SERVICES MARKET, BY REGION, 2019–2026 (USD BILLION)	115
TABLE 63	NORTH AMERICA: PK/PD (PHARMACOKINETICS/PHARMACODYNAMICS) TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	116
TABLE 64	EUROPE: PK/PD (PHARMACOKINETICS/PHARMACODYNAMICS) TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	116
TABLE 65	ASIA PACIFIC: PK/PD (PHARMACOKINETICS/PHARMACODYNAMICS) TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	116
7.6.5	METHOD DEVELOPMENT, OPTIMIZATION, & VALIDATION	117
7.6.5.1	Increasing preference of biopharmaceutical companies to outsource method validation services for clinical trials to drive this segment	117
TABLE 66	METHOD DEVELOPMENT, OPTIMIZATION, & VALIDATION MARKET, 
BY REGION, 2019–2026 (USD BILLION)	117
TABLE 67	NORTH AMERICA: METHOD DEVELOPMENT, OPTIMIZATION, & VALIDATION MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	118
TABLE 68	EUROPE: METHOD DEVELOPMENT, OPTIMIZATION, & VALIDATION MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	118
TABLE 69	ASIA PACIFIC: METHOD DEVELOPMENT, OPTIMIZATION, & VALIDATION MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	118
7.6.6	SEROLOGY, IMMUNOGENICITY, & NEUTRALIZING ANTIBODIES	119
7.6.6.1	High demand for immunogenicity and neutralizing antibody assays in biosimilar development to propel market growth	119
TABLE 70	SEROLOGY, IMMUNOGENICITY, & NEURTALIZING ANTIBODIES MARKET, 
BY REGION, 2019–2026 (USD BILLION)	119
TABLE 71	NORTH AMERICA: SEROLOGY, IMMUNOGENICITY, & NEURTALIZING ANTIBODIES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	120
TABLE 72	EUROPE: SEROLOGY, IMMUNOGENICITY, & NEURTALIZING ANTIBODIES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	120
TABLE 73	ASIA PACIFIC: SEROLOGY, IMMUNOGENICITY, & NEURTALIZING ANTIBODIES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	120
7.6.7	BIOMARKER TESTING SERVICES	121
7.6.7.1	Growing emphasis on biomarker testing to develop personalized medicines and companion diagnostics to augment segment growth	121
TABLE 74	BIOMARKER TESTING SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	121
TABLE 75	NORTH AMERICA: BIOMARKER TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	121
TABLE 76	EUROPE: BIOMARKER TESTING SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	122
TABLE 77	ASIA PACIFIC: BIOMARKER TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	122
7.6.8	OTHER BIOANALYTICAL TESTING SERVICES	122
TABLE 78	OTHER BIOANALYTICAL TESTING SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	123
TABLE 79	NORTH AMERICA: OTHER BIOANALYTICAL TESTING SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	123
TABLE 80	EUROPE: OTHER BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	123
TABLE 81	ASIA PACIFIC: OTHER BIOANALYTICAL TESTING SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	124
7.7	CLINICAL TRIAL DATA MANAGEMENT SERVICES	124
7.7.1	DATA MANAGEMENT SERVICES SEGMENT IS EXPECTED TO RECORD 
THE HIGHEST CAGR DURING THE FORECAST PERIOD	124
TABLE 82	EXAMPLES OF DATA MANAGEMENT SERVICES OFFERED BY PROMINENT PLAYERS	124
TABLE 83	CLINICAL TRIAL DATA MANAGEMENT SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	125
TABLE 84	NORTH AMERICA: CLINICAL TRIAL DATA MANAGEMENT SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	126
TABLE 85	EUROPE: CLINICAL TRIAL DATA MANAGEMENT SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	126
TABLE 86	ASIA PACIFIC: CLINICAL TRIAL DATA MANAGEMENT SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	126
7.8	CLINICAL TRIAL SUPPLY & LOGISTIC SERVICES	127
7.8.1	ADVANCED DATA ANALYTICS INCORPORATED IN CLINICAL TRIAL SUPPLY MANAGEMENT IS EXPECTED TO DRIVE THE GROWTH OF THIS SEGMENT	127
TABLE 87	CLINICAL TRIAL SUPPLY & LOGISTIC SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	127
TABLE 88	NORTH AMERICA: CLINICAL TRIAL SUPPLY & LOGISTIC SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	127
TABLE 89	EUROPE: CLINICAL TRIAL SUPPLY & LOGISTIC SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	128
TABLE 90	ASIA PACIFIC: CLINICAL TRIAL SUPPLY & LOGISTIC SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	128
7.9	DECENTRALIZED CLINICAL TRIAL SERVICES	128
7.9.1	THE SARS-COV-2 OUTBREAK HAS SIGNIFICANTLY CATALYZED THE DEMAND FOR DECENTRALIZED CLINICAL TRIALS	128
TABLE 91	DECENTRALIZED CLINICAL TRIAL SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	129
TABLE 92	NORTH AMERICA: DECENTRALIZED CLINICAL TRIAL SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	129
TABLE 93	EUROPE: DECENTRALIZED CLINICAL TRIAL SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	129
TABLE 94	ASIA PACIFIC: DECENTRALIZED CLINICAL TRIAL SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	130
7.10	MEDICAL DEVICE TESTING SERVICES	130
7.10.1	INCREASING R&D FOR THE DEVELOPMENT OF ADVANCED MEDICAL DEVICES TO DRIVE THE GROWTH OF THIS MARKET	130
TABLE 95	MEDICAL DEVICE TESTING SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	131
TABLE 96	NORTH AMERICA: MEDICAL DEVICE TESTING SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	131
TABLE 97	EUROPE: MEDICAL DEVICE TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	131
TABLE 98	ASIA PACIFIC: MEDICAL DEVICE TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	132
7.11	OTHER CLINICAL TRIAL SERVICES	132
7.11.1	OTHER CLINICAL TRIAL SERVICES SEGMENT INCLUDES CONSULTING SERVICES, MEDICAL WRITING SERVICES, AND PHARMACOGENOMICS TESTING SERVICES	132
TABLE 99	OTHER CLINICAL TRIAL SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	133
TABLE 100	NORTH AMERICA: OTHER CLINICAL TRIAL SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	133
TABLE 101	EUROPE: OTHER CLINICAL TRIAL SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	133
TABLE 102	ASIA PACIFIC: OTHER CLINICAL TRIAL SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	134
8	CLINICAL TRIALS MARKET, BY THERAPY AREA	135
8.1	INTRODUCTION	136
TABLE 103	CLINICAL TRIALS MARKET, BY THERAPY AREA, 2019–2026 (USD BILLION)	136
8.2	ONCOLOGY	136
8.2.1	RISING INCIDENCE OF CANCER TO DRIVE MARKET GROWTH	136
FIGURE 31	GLOBAL CANCER INCIDENCE, BY TYPE (2020)	137
FIGURE 32	ONCOLOGY CLINICAL TRIALS GLOBALLY, 2010-2018 (THOUSAND)	138
TABLE 104	LIST OF FDA DRUGS APPROVED FOR ONCOLOGY (2020)	138
TABLE 105	CLINICAL TRIALS MARKET FOR ONCOLOGY, BY REGION, 
2019–2026 (USD BILLION)	139
TABLE 106	NORTH AMERICA: CLINICAL TRIALS MARKET FOR ONCOLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	139
TABLE 107	EUROPE: CLINICAL TRIALS MARKET FOR ONCOLOGY, BY COUNTRY, 
2019–2026 (USD BILLION)	140
TABLE 108	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR ONCOLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	140
8.3	INFECTIOUS DISEASES	140
8.3.1	INFECTIOUS DISEASES SEGMENT TO REGISTER THE HIGHEST GROWTH RATE IN THE FORECAST PERIOD	140
TABLE 109	CLINICAL TRIALS MARKET FOR INFECTIOUS DISEASES, BY REGION, 
2019–2026 (USD BILLION)	141
TABLE 110	NORTH AMERICA: CLINICAL TRIALS MARKET FOR INFECTIOUS DISEASES, 
BY COUNTRY, 2019–2026 (USD BILLION)	141
TABLE 111	EUROPE: CLINICAL TRIALS MARKET FOR INFECTIOUS DISEASES, 
BY COUNTRY, 2019–2026 (USD BILLION)	142
TABLE 112	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR INFECTIOUS DISEASES, 
BY COUNTRY, 2019–2026 (USD BILLION)	142
8.4	NEUROLOGY	142
8.4.1	INCREASING INVESTMENTS IN R&D AND GRANTS FOR NEUROLOGICAL DISORDERS TO DRIVE MARKET GROWTH	142
TABLE 113	LIST OF PIPELINE DRUGS FOR NEUROLOGICAL DISORDERS (2020)	143
TABLE 114	CLINICAL TRIALS MARKET FOR NEUROLOGY, BY REGION, 
2019–2026 (USD BILLION)	144
TABLE 115	NORTH AMERICA: CLINICAL TRIALS MARKET FOR NEUROLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	144
TABLE 116	EUROPE: CLINICAL TRIALS MARKET FOR NEUROLOGY, BY COUNTRY, 
2019–2026 (USD BILLION)	144
TABLE 117	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR NEUROLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	145
8.5	IMMUNOLOGY	145
8.5.1	GROWING PIPELINE OF IMMUNOLOGICAL DRUGS HAS RESULTED IN INCREASING OUTSOURCING ACTIVITIES	145
TABLE 118	CLINICAL TRIALS MARKET FOR IMMUNOLOGY, BY REGION, 
2019–2026 (USD BILLION)	145
TABLE 119	NORTH AMERICA: CLINICAL TRIALS MARKET FOR IMMUNOLOGY, 
BY COUNTRY, 2019–2026 (USD BILLION)	146
TABLE 120	EUROPE: CLINICAL TRIALS MARKET FOR IMMUNOLOGY, BY COUNTRY, 
2019–2026 (USD BILLION)	146
TABLE 121	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR IMMUNOLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	146
8.6	CARDIOLOGY	147
8.6.1	HIGH MORTALITY RATES ARE DRIVING PHARMACEUTICAL COMPANIES TO DEVELOP NEW TREATMENT OPTIONS	147
TABLE 122	LIST OF PIPELINE DRUGS FOR CARDIOVASCULAR DISEASES (2020)	147
TABLE 123	CLINICAL TRIALS MARKET FOR CARDIOLOGY, BY REGION, 
2019–2026 (USD BILLION)	148
TABLE 124	NORTH AMERICA: CLINICAL TRIALS MARKET FOR CARDIOLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	148
TABLE 125	EUROPE: CLINICAL TRIALS MARKET FOR CARDIOLOGY, BY COUNTRY, 
2019–2026 (USD BILLION)	148
TABLE 126	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR CARDIOLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	149
8.7	GENETIC DISEASES	149
8.7.1	PROMISING DRUGS IN PIPELINE FOR RARE DISEASES TO SUPPORT MARKET GROWTH	149
TABLE 127	CLINICAL TRIALS MARKET FOR GENETIC DISEASES, BY REGION, 
2019–2026 (USD BILLION)	150
TABLE 128	NORTH AMERICA: CLINICAL TRIALS MARKET FOR GENETIC DISEASES, 
BY COUNTRY, 2019–2026 (USD BILLION)	150
TABLE 129	EUROPE: CLINICAL TRIALS MARKET FOR GENETIC DISEASES, BY COUNTRY, 2019–2026 (USD BILLION)	150
TABLE 130	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR GENETIC DISEASES, 
BY COUNTRY, 2019–2026 (USD BILLION)	151
8.8	WOMEN’S HEALTH	151
8.8.1	RISING PREVALENCE OF CHRONIC DISORDERS IN WOMEN TO DRIVE MARKET GROWTH	151
TABLE 131	CLINICAL TRIALS MARKET FOR WOMEN’S HEALTH, BY REGION, 
2019–2026 (USD BILLION)	151
TABLE 132	NORTH AMERICA: CLINICAL TRIALS MARKET FOR WOMEN’S HEALTH, 
BY COUNTRY, 2019–2026 (USD BILLION)	152
TABLE 133	EUROPE: CLINICAL TRIALS MARKET FOR WOMEN’S HEALTH, BY COUNTRY, 2019–2026 (USD BILLION)	152
TABLE 134	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR WOMEN’S HEALTH, 
BY COUNTRY, 2019–2026 (USD BILLION)	152
8.9	OTHER THERAPY AREAS	153
FIGURE 33	ESTIMATED NUMBER OF INDIVIDUALS WITH DIABETES, 
2000-2045 (MILLION)	153
TABLE 135	LIST OF PIPELINE DRUGS FOR SKIN DISEASES (2020)	154
TABLE 136	CLINICAL TRIALS MARKET FOR OTHER THERAPY AREAS, BY REGION, 
2019–2026 (USD BILLION)	154
TABLE 137	NORTH AMERICA: CLINICAL TRIALS MARKET FOR OTHER THERAPY AREAS, 
BY COUNTRY, 2019–2026 (USD BILLION)	155
TABLE 138	EUROPE: CLINICAL TRIALS MARKET FOR OTHER THERAPY AREAS, 
BY COUNTRY, 2019–2026 (USD BILLION)	155
TABLE 139	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR OTHER THERAPY AREAS, 
BY COUNTRY, 2019–2026 (USD BILLION)	155
9	CLINICAL TRIALS MARKET, BY APPLICATION	156
9.1	INTRODUCTION	157
TABLE 140	CLINICAL TRIAL MARKET, BY APPLICATION, 2019–2026 (USD BILLION)	157
9.2	SMALL MOLECULE	157
9.2.1	INCREASING INVESTMENTS BY VIRTUAL AND SMALLER COMPANIES TO DRIVE SMALL MOLECULE DEVELOPMENT PROJECTS SUPPORTS 
THE GROWTH OF THIS SEGMENT	157
FIGURE 34	SMALL MOLECULE PIPELINE: NEW CHEMICAL ENTITY, 2014-2019	158
TABLE 141	CLINICAL TRIALS MARKET FOR SMALL MOLECULES, BY REGION, 
2019–2026 (USD BILLION)	158
TABLE 142	NORTH AMERICA: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR SMALL MOLECULES, BY COUNTRY, 2019–2026 (USD BILLION)	159
TABLE 143	EUROPE: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR SMALL MOLECULES, BY COUNTRY, 2019–2026 (USD BILLION)	159
TABLE 144	ASIA PACIFIC: CLINICAL TRIAL MARKET FOR SMALL MOLECULES, 
BY COUNTRY, 2019–2026 (USD BILLION)	159
9.3	VACCINES	160
9.3.1	OUTBREAK OF THE COVID-19 PANDEMIC IS EXPECTED TO EMERGE AS A MARKET DISRUPTOR, IMPOSING LONG-TERM POSITIVE EFFECTS ON 
THE INDUSTRY OPERATIONS	160
FIGURE 35	COVID-19 VACCINE CANDIDATES IN CLINICAL DEVELOPMENT, 
BY PHASE (AS OF JANUARY 2022)	161
TABLE 145	CLINICAL TRIALS MARKET FOR VACCINES, BY REGION, 
2019–2026 (USD BILLION)	161
TABLE 146	NORTH AMERICA: CLINICAL TRIALS MARKET FOR VACCINES, BY COUNTRY, 2019–2026 (USD BILLION)	161
TABLE 147	EUROPE: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR VACCINES, BY COUNTRY, 2019–2026 (USD BILLION)	162
TABLE 148	ASIA PACIFIC: CLINICAL TRIALS MARKET FORCLINICAL TRIALS MARKET FOR VACCINES, BY COUNTRY, 2019–2026 (USD BILLION)	162
9.4	CELL & GENE THERAPY	162
9.4.1	THE RISING TREND OF OUTSOURCING SERVICES AND THE ONGOING EFFORTS OF SERVICE PROVIDERS TO EXPAND THEIR RESPECTIVE OFFERINGS IS DRIVING THE CLINICAL DEVELOPMENT PIPELINE FOR CELL & GENE THERAPY	162
FIGURE 36	ACTIVE CLINICAL TRIALS FOR CELL & GENE THERAPY, 
BY INDICATION (AS OF 2020)	163
FIGURE 37	ACTIVE CLINICAL TRIALS FOR CELL & GENE THERAPY, BY PHASE (2020)	164
TABLE 149	CLINICAL TRIALS MARKET FOR CELL & GENE THERAPY, BY REGION, 
2019–2026 (USD BILLION)	164
TABLE 150	NORTH AMERICA: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR CELL & GENE THERAPY, BY COUNTRY, 2019–2026 (USD BILLION)	165
TABLE 151	EUROPE: CLINICAL TRIALS MARKET FORCLINICAL TRIALS MARKET FOR CELL & GENE THERAPY, BY COUNTRY, 2019–2026 (USD BILLION)	165
TABLE 152	ASIA PACIFIC: CLINICAL TRIALS MARKET FORCLINICAL TRIALS MARKET FOR CELL & GENE THERAPY, BY COUNTRY, 2019–2026 (USD BILLION)	165
9.5	OTHER APPLICATIONS	166
9.5.1	INCREASE IN R&D FOR THE DEVELOPMENT OF HORMONES AND BLOOD COMPONENTS SUPPORTS MARKET GROWTH	166
TABLE 153	CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR OTHER APPLICATIONS, BY REGION, 2019–2026 (USD BILLION)	166
TABLE 154	NORTH AMERICA: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2019–2026 (USD BILLION)	167
TABLE 155	EUROPE: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2019–2026 (USD BILLION)	167
TABLE 156	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2019–2026 (USD BILLION)	167
10	CLINICAL TRIALS MARKET, BY REGION	168
10.1	INTRODUCTION	169
TABLE 157	CLINICAL TRIALS MARKET, BY REGION, 2019–2026 (USD BILLION)	169
10.2	NORTH AMERICA	169
FIGURE 38	NORTH AMERICA SNAPSHOT	170
TABLE 158	NORTH AMERICA: CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	170
TABLE 159	NORTH AMERICA: CLINICAL TRIALS MARKET, BY PHASE, 
2019–2026 (USD BILLION)	171
TABLE 160	NORTH AMERICA: CLINICAL RESEARCH SERVICES MARKET, 
BY SERVICE TYPE, 2019–2026 (USD BILLION)	171
TABLE 161	NORTH AMERICA: CLINICAL RESEARCH SERVICES MARKET, 
BY BIOANALYTICAL SERVICES, 2019–2026 (USD BILLION)	172
TABLE 162	NORTH AMERICA: ANALYTICAL TESTING SERVICES MARKET, 
BY THERAPY AREA, 2019–2026 (USD BILLION)	172
TABLE 163	NORTH AMERICA: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	173
10.2.1	US	173
10.2.1.1	Robust clinical research activities to become a key factor supporting the US market growth	173
FIGURE 39	US CONTINUES TO DOMINATE THE DISTRIBUTION OF R&D COMPANIES 
BY REGION (2020 VS. 2019)	174
TABLE 164	US: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	174
TABLE 165	US: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 2019–2026 (USD BILLION)	175
TABLE 166	US: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	175
TABLE 167	US: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	176
TABLE 168	US: CLINICAL TRIALS MARKET, BY APPLICATION, 2019–2026 (USD BILLION)	176
10.2.2	CANADA	176
10.2.2.1	Increasing number of clinical trials in Canada to support market growth	176
TABLE 169	CANADA: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	177
TABLE 170	CANADA: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	177
TABLE 171	CANADA: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	178
TABLE 172	CANADA: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	178
TABLE 173	CANADA: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	179
 
10.3	EUROPE	179
FIGURE 40	CLINICAL TRIALS CONDUCTED IN EUROPE SINCE 2008 (2018)	180
TABLE 174	EUROPE: CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	180
TABLE 175	EUROPE: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	180
TABLE 176	EUROPE: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	181
TABLE 177	EUROPE: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	181
TABLE 178	EUROPE: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	182
TABLE 179	EUROPE: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	182
10.3.1	GERMANY	182
10.3.1.1	Government support and flexible labor laws have made Germany a favorable location for clinical trials	182
TABLE 180	GERMANY: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	183
TABLE 181	GERMANY: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	183
TABLE 182	GERMANY: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	184
TABLE 183	GERMANY: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	184
TABLE 184	GERMANY: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	185
10.3.2	UK	185
10.3.2.1	Investments by pharmaceutical sponsors in the UK for drug discovery services to support market growth	185
FIGURE 41	UK: PHARMACEUTICAL R&D EXPENDITURE, 2013–2017 (USD MILLION)	186
TABLE 185	UK: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	186
TABLE 186	UK: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 2019–2026 (USD BILLION)	187
TABLE 187	UK: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	187
TABLE 188	UK: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	188
TABLE 189	UK: CLINICAL TRIALS MARKET, BY APPLICATION, 2019–2026 (USD BILLION)	188
10.3.3	FRANCE	188
10.3.3.1	High number of oncology clinical trials in France is expected to drive market growth in France	188
TABLE 190	FRANCE: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	189
TABLE 191	FRANCE: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	189
TABLE 192	FRANCE: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	190
TABLE 193	FRANCE: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	190
TABLE 194	FRANCE: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	191
10.3.4	ITALY	191
10.3.4.1	Low drug approval times along with the growing number of clinical trials in Italy to drive market growth	191
TABLE 195	NUMBER OF CLINICAL TRIALS STARTED IN ITALY, BY COMPANY (JANUARY 2021)	191
TABLE 196	ITALY: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	192
TABLE 197	ITALY: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	192
TABLE 198	ITALY: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	193
TABLE 199	ITALY: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	193
TABLE 200	ITALY: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	194
10.3.5	SPAIN	194
10.3.5.1	Rising R&D expenditure to boost market growth for clinical trials 
in Spain	194
FIGURE 42	SPAIN: PHARMACEUTICAL R&D EXPENDITURE (USD MILLION), 2011–2017	195
TABLE 201	SPAIN: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	195
TABLE 202	SPAIN: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	196
TABLE 203	SPAIN: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	196
TABLE 204	SPAIN: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	197
TABLE 205	SPAIN: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	197
10.3.6	REST OF EUROPE (ROE)	198
TABLE 206	ROE: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	199
TABLE 207	ROE: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	199
TABLE 208	ROE: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	200
TABLE 209	ROE: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	200
TABLE 210	ROE: CLINICAL TRIALS MARKET, BY MOLECULE, 2019–2026 (USD BILLION)	201
			       1	INTRODUCTION	40
1.1	OBJECTIVES OF THE STUDY	40
1.2	MARKET DEFINITION	40
1.2.1	INCLUSIONS & EXCLUSIONS	40
1.3	MARKET SCOPE	41
FIGURE 1	CLINICAL TRIALS MARKET	41
1.3.1	YEARS CONSIDERED FOR THE STUDY	42
1.4	CURRENCY	42
1.5	LIMITATIONS	42
1.6	STAKEHOLDERS	43
1.7	SUMMARY OF CHANGES	43
2	RESEARCH METHODOLOGY	44
2.1	RESEARCH DATA	44
FIGURE 2	RESEARCH DESIGN	44
2.1.1	SECONDARY DATA	45
2.1.2	PRIMARY DATA	46
FIGURE 3	CLINICAL TRIALS MARKET: BREAKDOWN OF PRIMARIES	46
2.2	MARKET SIZE ESTIMATION	47
FIGURE 4	MARKET SIZE ESTIMATION: BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF CLINICAL TRIALS IN THE MARKET	47
FIGURE 5	MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS, 2020	48
FIGURE 6	AVERAGE MARKET SIZE ESTIMATION, 2020	48
2.3	GROWTH RATE ASSUMPTIONS/GROWTH FORECAST	50
FIGURE 7	CLINICAL TRIALS MARKET: CAGR PROJECTIONS, 2021–2026	50
FIGURE 8	CLINICAL TRIALS MARKET: GROWTH ANALYSIS OF DRIVERS, RESTRAINTS, AND OPPORTUNITIES	51
FIGURE 9	MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH	51
2.4	MARKET BREAKDOWN AND DATA TRIANGULATION	53
FIGURE 10	DATA TRIANGULATION METHODOLOGY	53
2.5	INSIGHTS FROM PRIMARIES	54
FIGURE 11	MARKET VALIDATION FROM PRIMARY EXPERTS	54
2.6	RESEARCH ASSUMPTIONS	54
2.6.1	COVID-19 SPECIFIC ASSUMPTIONS	55
2.7	RISK ANALYSIS	55
3	EXECUTIVE SUMMARY	56
FIGURE 12	CLINICAL TRIALS MARKET, BY PHASE, 2021 VS. 2026 (USD BILLION)	56
FIGURE 13	CLINICAL TRIALS MARKET, BY THERAPY AREA, 2021 VS. 2026 (USD BILLION)	57
FIGURE 14	CLINICAL TRIALS MARKET, BY APPLICATION, 2021 VS. 2026 (USD BILLION)	57
FIGURE 15	CLINICAL TRIALS MARKET, BY SERVICE TYPE, 2021 VS. 2026 (USD BILLION)	58
FIGURE 16	GEOGRAPHICAL SNAPSHOT: CLINICAL TRIALS MARKET	59
4	PREMIUM INSIGHTS	60
4.1	CLINICAL TRIALS MARKET OVERVIEW	60
FIGURE 17	RISING INVESTMENTS IN THE PHARMACEUTICAL INDUSTRY TO DRIVE 
THE MARKET GROWTH	60
4.2	NORTH AMERICA: CLINICAL TRIALS MARKET SHARE, BY PHASE & COUNTRY (2020)	61
FIGURE 18	PHASE III SEGMENT ACCOUNTED FOR LARGEST SHARE OF NORTH AMERICAN CLINICAL TRIALS MARKET IN 2020	61
4.3	CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICE TYPE, 
2021 VS. 2026 (USD BILLION)	62
FIGURE 19	CELL-BASED ASSAY SEGMENT CONTINUES TO DOMINATE THE MARKET DURING THE FORECAST PERIOD	62
5	MARKET OVERVIEW	63
5.1	INTRODUCTION	63
5.2	MARKET DYNAMICS	63
FIGURE 20	CLINICAL TRIALS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	63
TABLE 1	CLINICAL TRIALS MARKET: IMPACT ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	64
5.2.1	DRIVERS	64
5.2.1.1	Increasing investment in pharmaceutical R&D	64
FIGURE 21	INCREASE IN GLOBAL PHARMACEUTICAL R&D SPENDING, 2012–2026	65
FIGURE 22	ACTIVE PHARMACEUTICAL PIPELINE, 2011–2021	65
5.2.1.2	Increasing number of clinical trials	66
FIGURE 23	NUMBER OF CLINICAL TRIALS REGISTERED WORLDWIDE (2000–2021)	66
5.2.1.3	High cost of in-house drug development	66
FIGURE 24	AVERAGE COST TO DEVELOP A PHARMACEUTICAL COMPOUND FROM DISCOVERY TO LAUNCH, 2010–2020 (USD BILLION)	67
5.2.1.4	Rising prevalence of orphan and rare diseases	67
5.2.2	OPPORTUNITIES	68
5.2.2.1	Growth in drugs and biologics market despite COVID-19 pandemic	68
FIGURE 25	TOTAL NUMBER OF NEW DRUGS (NEW CHEMICAL ENTITIES AND BIOLOGICS) APPROVED BY US FDA (2001–2020)	68
TABLE 2	LIST OF BIOLOGICS APPROVED BY US FDA, 2020	68
5.2.2.2	Rising demand for specialized testing services among end users	69
5.2.2.3	Need for novel clinical trial designs for complex cell and gene therapies	70
5.2.3	CHALLENGES	70
5.2.3.1	Shortage of skilled professionals for clinical trials	70
5.2.3.2	Requirement of unique analytical testing approaches for innovative drug molecules	70
5.2.4	MARKET TRENDS	71
5.2.4.1	Adoption of artificial intelligence-based tools for drug discovery	71
5.2.4.2	Increasing outsourcing activities in emerging Asian economies	71
5.2.4.3	Integrated end-to-end R&D service solutions	73
5.3	RANGES/SCENARIOS	73
FIGURE 26	SPECTRUM OF SCENARIOS BASED ON THE IMPACT OF UNCERTAINTIES ON THE GROWTH OF THE CLINICAL TRIALS MARKET	73
5.4	IMPACT OF COVID-19 ON CLINICAL TRIALS MARKET	74
5.5	PORTER’S FIVE FORCES ANALYSIS	75
TABLE 3	CLINICAL TRIALS MARKET: PORTER’S FIVE FORCES ANALYSIS	75
5.5.1	THREAT OF NEW ENTRANTS	75
5.5.2	THREAT OF SUBSTITUTES	75
5.5.3	BARGAINING POWER OF BUYERS	75
5.5.4	BARGAINING POWER OF SUPPLIERS	76
5.5.5	DEGREE OF COMPETITION	76
5.6	TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS	76
FIGURE 27	REVENUE SHIFT & NEW POCKETS FOR CLINICAL TRIAL SERVICE PROVIDERS	76
5.7	ECOSYSTEM ANALYSIS	77
FIGURE 28	ECOSYSTEM ANALYSIS: CLINICAL TRIALS MARKET	77
TABLE 4	SUPPLY CHAIN ECOSYSTEM	78
5.8	REGULATORY ANALYSIS	79
6	CLINICAL TRIALS MARKET, BY PHASE	82
6.1	INTRODUCTION	83
TABLE 5	CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	83
FIGURE 29	DRUGS IN THE PIPELINE, BY DEVELOPMENT PHASE, 2019 VS. 2020	84
6.2	CLINICAL TRIALS PLANNING AND DESIGNING SOLUTION	84
FIGURE 30	CLINICAL TRIAL PLANNING & DESIGNING	84
6.3	PHASE I	87
6.3.1	ROBUST PIPELINE OF PHARMACEUTICAL COMPANIES DRIVES THE GROWTH OF THIS SEGMENT	87
TABLE 6	EXAMPLES OF PHASE I STUDY OF DRUGS	87
TABLE 7	PHASE I CLINICAL TRIALS MARKET, BY REGION, 2019–2026 (USD BILLION)	88
TABLE 8	NORTH AMERICA: PHASE I CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	88
TABLE 9	EUROPE: PHASE I CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	88
TABLE 10	ASIA PACIFIC: PHASE I CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	89
6.4	PHASE II	89
6.4.1	LONG DURATION OF PHASE II STUDIES PROVIDES GROWTH OPPORTUNITIES FOR CROS	89
TABLE 11	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE II STUDIES	89
TABLE 12	PHASE II CLINICAL TRIALS MARKET, BY REGION, 2019–2026 (USD BILLION)	90
TABLE 13	NORTH AMERICA: PHASE II CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	90
TABLE 14	EUROPE: PHASE II CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	91
TABLE 15	ASIA PACIFIC: PHASE II CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	91
6.5	PHASE III	92
6.5.1	RISING COSTS OF PHASE III TRIALS INCREASES THE DEMAND FOR COST-EFFECTIVE CLINICAL RESEARCH SERVICES	92
TABLE 16	EXAMPLES OF DRUGS THAT HAVE COMPLETED THE PHASE III STUDY	92
TABLE 17	PHASE III CLINICAL TRIALS MARKET, BY REGION, 2019–2026 (USD BILLION)	93
TABLE 18	NORTH AMERICA: PHASE III CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	93
TABLE 19	EUROPE: PHASE III CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	93
TABLE 20	ASIA PACIFIC: PHASE III CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	94
6.6	PHASE IV	94
6.6.1	RISING NUMBER OF CLINICAL RESEARCH ENTITIES PROVIDING POST-MARKETING SURVEILLANCE TO DRIVE THE SEGMENT GROWTH	94
TABLE 21	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE IV CLINICAL STUDIES	94
TABLE 22	PHASE IV CLINICAL TRIALS MARKET, BY REGION, 2019–2026 (USD BILLION)	95
TABLE 23	NORTH AMERICA: PHASE IV CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	95
TABLE 24	EUROPE: PHASE IV CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	95
TABLE 25	ASIA PACIFIC: PHASE IV CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	96
7	CLINICAL TRIALS MARKET, BY SERVICE TYPE	97
7.1	INTRODUCTION	98
TABLE 26	CLINICAL TRIALS MARKET, BY SERVICE TYPE, 2019–2026 (USD BILLION)	98
7.2	PROTOCOL DESIGNING	99
7.2.1	PROTOCOL DESIGNING SERVICES SERVE AS AN EFFECTIVE STRATEGY TO ENSURE RAPID & EFFECTIVE PLANNING FOR CLINICAL TRIAL STUDIES	99
TABLE 27	PROTOCOL DESIGNING MARKET, BY REGION, 2019–2026 (USD BILLION)	99
TABLE 28	NORTH AMERICA: PROTOCOL DESIGNING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	100
TABLE 29	EUROPE: PROTOCOL DESIGNING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	100
TABLE 30	ASIA PACIFIC: PROTOCOL DESIGNING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	100
7.3	SITE IDENTIFICATION	101
7.3.1	NEW DIGITAL TECHNOLOGIES THAT ENABLE DATA VARIABILITY ENHANCES SITE IDENTIFICATION SERVICE EFFICACY	101
TABLE 31	SITE IDENTIFICATION MARKET, BY REGION, 2019–2026 (USD BILLION)	101
TABLE 32	NORTH AMERICA: SITE IDENTIFICATION MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	102
TABLE 33	EUROPE: SITE IDENTIFICATION MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	102
TABLE 34	ASIA PACIFIC: SITE IDENTIFICATION MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	102
7.4	PATIENT RECRUITMENT	103
7.4.1	GROWING REQUIREMENT TO WORK WITH A PATIENT-CENTRIC CLINICAL TRIAL COMPANY SUPPORTS THE GROWTH OF THIS SEGMENT	103
TABLE 35	SOME OF THE PATIENT RECRUITMENT SERVICE PROVIDERS	103
TABLE 36	PATIENT RECRUITEMENT MARKET, BY REGION, 2019–2026 (USD BILLION)	104
TABLE 37	NORTH AMERICA: PATIENT RECRUITEMENT MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	104
TABLE 38	EUROPE: PATIENT RECRUITEMENT MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	104
TABLE 39	ASIA PACIFIC: PATIENT RECRUITEMENT MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	105
7.5	LABORATORY SERVICES	105
7.5.1	INCREASING IMPORTANCE OF LABORATORY SERVICES TO ENSURE REGULATORY COMPLIANCE PROPELS THE GROWTH OF THIS SEGMENT	105
TABLE 40	EXAMPLES OF LABORATORY SERVICES OFFERED BY PROMINENT PLAYERS	105
TABLE 41	LABORATORY SERVICES MARKET, BY REGION, 2019–2026 (USD BILLION)	106
TABLE 42	NORTH AMERICA: LABORATORY SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	106
TABLE 43	EUROPE: LABORATORY SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	107
TABLE 44	ASIA PACIFIC: LABORATORY SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	107
7.5.2	ANALYTICAL TESTING SERVICES	107
7.5.2.1	Increasing demand for analytical testing for drug development to drive the growth of this segment	107
TABLE 45	ANALYTICAL TESTING SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	108
TABLE 46	NORTH AMERICA: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	108
TABLE 47	EUROPE: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	108
TABLE 48	ASIA PACIFIC: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	109
7.6	BIOANALYTICAL TESTING SERVICES	109
7.6.1	HIGH DEMAND FOR BIOANALYTICAL TESTING DUE TO THE GROWING USE OF MACROMOLECULES AND BIOSIMILARS TO DRIVE THE GROWTH OF THIS SEGMENT	109
TABLE 49	BIOANALYTICAL TESTING SERVICES MARKET, BY TYPE, 
2019–2026 (USD BILLION)	110
TABLE 50	BIOANALYTICAL TESTING SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	110
TABLE 51	NORTH AMERICA: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	110
TABLE 52	EUROPE: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	111
TABLE 53	ASIA PACIFIC: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	111
7.6.2	CELL-BASED ASSAYS	111
7.6.2.1	Increasing number of service providers offering customized cell-based assay testing services to drive the growth of this segment	111
TABLE 54	CELL-BASED ASSAYS MARKET, BY REGION, 2019–2026 (USD BILLION)	112
TABLE 55	NORTH AMERICA: CELL-BASED ASSAYS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	112
TABLE 56	EUROPE: CELL-BASED ASSAYS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	112
TABLE 57	ASIA PACIFIC: CELL-BASED ASSAYS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	113
7.6.3	VIROLOGY TESTING	113
7.6.3.1	Higher uptake of in vitro virology assays in the development of antiviral pharmaceuticals to drive the growth of this segment	113
TABLE 58	VIROLOGY TESTING MARKET, BY REGION, 2019–2026 (USD BILLION)	113
TABLE 59	NORTH AMERICA: VIROLOGY TESTING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	114
TABLE 60	EUROPE: VIROLOGY TESTING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	114
TABLE 61	ASIA PACIFIC: VIROLOGY TESTING MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	114
7.6.4	PK/PD (PHARMACOKINETICS/PHARMACODYNAMICS) TESTING SERVICES	115
7.6.4.1	Rising importance of studies to determine pharmacokinetic behavior of drug candidates to drive the growth of this segment	115
TABLE 62	PK/PD (PHARMACOKINETICS/PHARMACODYNAMICS) TESTING SERVICES MARKET, BY REGION, 2019–2026 (USD BILLION)	115
TABLE 63	NORTH AMERICA: PK/PD (PHARMACOKINETICS/PHARMACODYNAMICS) TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	116
TABLE 64	EUROPE: PK/PD (PHARMACOKINETICS/PHARMACODYNAMICS) TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	116
TABLE 65	ASIA PACIFIC: PK/PD (PHARMACOKINETICS/PHARMACODYNAMICS) TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	116
7.6.5	METHOD DEVELOPMENT, OPTIMIZATION, & VALIDATION	117
7.6.5.1	Increasing preference of biopharmaceutical companies to outsource method validation services for clinical trials to drive this segment	117
TABLE 66	METHOD DEVELOPMENT, OPTIMIZATION, & VALIDATION MARKET, 
BY REGION, 2019–2026 (USD BILLION)	117
TABLE 67	NORTH AMERICA: METHOD DEVELOPMENT, OPTIMIZATION, & VALIDATION MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	118
TABLE 68	EUROPE: METHOD DEVELOPMENT, OPTIMIZATION, & VALIDATION MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	118
TABLE 69	ASIA PACIFIC: METHOD DEVELOPMENT, OPTIMIZATION, & VALIDATION MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	118
7.6.6	SEROLOGY, IMMUNOGENICITY, & NEUTRALIZING ANTIBODIES	119
7.6.6.1	High demand for immunogenicity and neutralizing antibody assays in biosimilar development to propel market growth	119
TABLE 70	SEROLOGY, IMMUNOGENICITY, & NEURTALIZING ANTIBODIES MARKET, 
BY REGION, 2019–2026 (USD BILLION)	119
TABLE 71	NORTH AMERICA: SEROLOGY, IMMUNOGENICITY, & NEURTALIZING ANTIBODIES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	120
TABLE 72	EUROPE: SEROLOGY, IMMUNOGENICITY, & NEURTALIZING ANTIBODIES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	120
TABLE 73	ASIA PACIFIC: SEROLOGY, IMMUNOGENICITY, & NEURTALIZING ANTIBODIES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	120
7.6.7	BIOMARKER TESTING SERVICES	121
7.6.7.1	Growing emphasis on biomarker testing to develop personalized medicines and companion diagnostics to augment segment growth	121
TABLE 74	BIOMARKER TESTING SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	121
TABLE 75	NORTH AMERICA: BIOMARKER TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	121
TABLE 76	EUROPE: BIOMARKER TESTING SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	122
TABLE 77	ASIA PACIFIC: BIOMARKER TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	122
7.6.8	OTHER BIOANALYTICAL TESTING SERVICES	122
TABLE 78	OTHER BIOANALYTICAL TESTING SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	123
TABLE 79	NORTH AMERICA: OTHER BIOANALYTICAL TESTING SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	123
TABLE 80	EUROPE: OTHER BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	123
TABLE 81	ASIA PACIFIC: OTHER BIOANALYTICAL TESTING SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	124
7.7	CLINICAL TRIAL DATA MANAGEMENT SERVICES	124
7.7.1	DATA MANAGEMENT SERVICES SEGMENT IS EXPECTED TO RECORD 
THE HIGHEST CAGR DURING THE FORECAST PERIOD	124
TABLE 82	EXAMPLES OF DATA MANAGEMENT SERVICES OFFERED BY PROMINENT PLAYERS	124
TABLE 83	CLINICAL TRIAL DATA MANAGEMENT SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	125
TABLE 84	NORTH AMERICA: CLINICAL TRIAL DATA MANAGEMENT SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	126
TABLE 85	EUROPE: CLINICAL TRIAL DATA MANAGEMENT SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	126
TABLE 86	ASIA PACIFIC: CLINICAL TRIAL DATA MANAGEMENT SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	126
7.8	CLINICAL TRIAL SUPPLY & LOGISTIC SERVICES	127
7.8.1	ADVANCED DATA ANALYTICS INCORPORATED IN CLINICAL TRIAL SUPPLY MANAGEMENT IS EXPECTED TO DRIVE THE GROWTH OF THIS SEGMENT	127
TABLE 87	CLINICAL TRIAL SUPPLY & LOGISTIC SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	127
TABLE 88	NORTH AMERICA: CLINICAL TRIAL SUPPLY & LOGISTIC SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	127
TABLE 89	EUROPE: CLINICAL TRIAL SUPPLY & LOGISTIC SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	128
TABLE 90	ASIA PACIFIC: CLINICAL TRIAL SUPPLY & LOGISTIC SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	128
7.9	DECENTRALIZED CLINICAL TRIAL SERVICES	128
7.9.1	THE SARS-COV-2 OUTBREAK HAS SIGNIFICANTLY CATALYZED THE DEMAND FOR DECENTRALIZED CLINICAL TRIALS	128
TABLE 91	DECENTRALIZED CLINICAL TRIAL SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	129
TABLE 92	NORTH AMERICA: DECENTRALIZED CLINICAL TRIAL SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	129
TABLE 93	EUROPE: DECENTRALIZED CLINICAL TRIAL SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	129
TABLE 94	ASIA PACIFIC: DECENTRALIZED CLINICAL TRIAL SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	130
7.10	MEDICAL DEVICE TESTING SERVICES	130
7.10.1	INCREASING R&D FOR THE DEVELOPMENT OF ADVANCED MEDICAL DEVICES TO DRIVE THE GROWTH OF THIS MARKET	130
TABLE 95	MEDICAL DEVICE TESTING SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	131
TABLE 96	NORTH AMERICA: MEDICAL DEVICE TESTING SERVICES MARKET, 
BY COUNTRY, 2019–2026 (USD BILLION)	131
TABLE 97	EUROPE: MEDICAL DEVICE TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	131
TABLE 98	ASIA PACIFIC: MEDICAL DEVICE TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	132
7.11	OTHER CLINICAL TRIAL SERVICES	132
7.11.1	OTHER CLINICAL TRIAL SERVICES SEGMENT INCLUDES CONSULTING SERVICES, MEDICAL WRITING SERVICES, AND PHARMACOGENOMICS TESTING SERVICES	132
TABLE 99	OTHER CLINICAL TRIAL SERVICES MARKET, BY REGION, 
2019–2026 (USD BILLION)	133
TABLE 100	NORTH AMERICA: OTHER CLINICAL TRIAL SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	133
TABLE 101	EUROPE: OTHER CLINICAL TRIAL SERVICES MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	133
TABLE 102	ASIA PACIFIC: OTHER CLINICAL TRIAL SERVICES MARKET, BY COUNTRY, 2019–2026 (USD BILLION)	134
8	CLINICAL TRIALS MARKET, BY THERAPY AREA	135
8.1	INTRODUCTION	136
TABLE 103	CLINICAL TRIALS MARKET, BY THERAPY AREA, 2019–2026 (USD BILLION)	136
8.2	ONCOLOGY	136
8.2.1	RISING INCIDENCE OF CANCER TO DRIVE MARKET GROWTH	136
FIGURE 31	GLOBAL CANCER INCIDENCE, BY TYPE (2020)	137
FIGURE 32	ONCOLOGY CLINICAL TRIALS GLOBALLY, 2010-2018 (THOUSAND)	138
TABLE 104	LIST OF FDA DRUGS APPROVED FOR ONCOLOGY (2020)	138
TABLE 105	CLINICAL TRIALS MARKET FOR ONCOLOGY, BY REGION, 
2019–2026 (USD BILLION)	139
TABLE 106	NORTH AMERICA: CLINICAL TRIALS MARKET FOR ONCOLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	139
TABLE 107	EUROPE: CLINICAL TRIALS MARKET FOR ONCOLOGY, BY COUNTRY, 
2019–2026 (USD BILLION)	140
TABLE 108	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR ONCOLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	140
8.3	INFECTIOUS DISEASES	140
8.3.1	INFECTIOUS DISEASES SEGMENT TO REGISTER THE HIGHEST GROWTH RATE IN THE FORECAST PERIOD	140
TABLE 109	CLINICAL TRIALS MARKET FOR INFECTIOUS DISEASES, BY REGION, 
2019–2026 (USD BILLION)	141
TABLE 110	NORTH AMERICA: CLINICAL TRIALS MARKET FOR INFECTIOUS DISEASES, 
BY COUNTRY, 2019–2026 (USD BILLION)	141
TABLE 111	EUROPE: CLINICAL TRIALS MARKET FOR INFECTIOUS DISEASES, 
BY COUNTRY, 2019–2026 (USD BILLION)	142
TABLE 112	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR INFECTIOUS DISEASES, 
BY COUNTRY, 2019–2026 (USD BILLION)	142
8.4	NEUROLOGY	142
8.4.1	INCREASING INVESTMENTS IN R&D AND GRANTS FOR NEUROLOGICAL DISORDERS TO DRIVE MARKET GROWTH	142
TABLE 113	LIST OF PIPELINE DRUGS FOR NEUROLOGICAL DISORDERS (2020)	143
TABLE 114	CLINICAL TRIALS MARKET FOR NEUROLOGY, BY REGION, 
2019–2026 (USD BILLION)	144
TABLE 115	NORTH AMERICA: CLINICAL TRIALS MARKET FOR NEUROLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	144
TABLE 116	EUROPE: CLINICAL TRIALS MARKET FOR NEUROLOGY, BY COUNTRY, 
2019–2026 (USD BILLION)	144
TABLE 117	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR NEUROLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	145
8.5	IMMUNOLOGY	145
8.5.1	GROWING PIPELINE OF IMMUNOLOGICAL DRUGS HAS RESULTED IN INCREASING OUTSOURCING ACTIVITIES	145
TABLE 118	CLINICAL TRIALS MARKET FOR IMMUNOLOGY, BY REGION, 
2019–2026 (USD BILLION)	145
TABLE 119	NORTH AMERICA: CLINICAL TRIALS MARKET FOR IMMUNOLOGY, 
BY COUNTRY, 2019–2026 (USD BILLION)	146
TABLE 120	EUROPE: CLINICAL TRIALS MARKET FOR IMMUNOLOGY, BY COUNTRY, 
2019–2026 (USD BILLION)	146
TABLE 121	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR IMMUNOLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	146
8.6	CARDIOLOGY	147
8.6.1	HIGH MORTALITY RATES ARE DRIVING PHARMACEUTICAL COMPANIES TO DEVELOP NEW TREATMENT OPTIONS	147
TABLE 122	LIST OF PIPELINE DRUGS FOR CARDIOVASCULAR DISEASES (2020)	147
TABLE 123	CLINICAL TRIALS MARKET FOR CARDIOLOGY, BY REGION, 
2019–2026 (USD BILLION)	148
TABLE 124	NORTH AMERICA: CLINICAL TRIALS MARKET FOR CARDIOLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	148
TABLE 125	EUROPE: CLINICAL TRIALS MARKET FOR CARDIOLOGY, BY COUNTRY, 
2019–2026 (USD BILLION)	148
TABLE 126	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR CARDIOLOGY, BY COUNTRY, 2019–2026 (USD BILLION)	149
8.7	GENETIC DISEASES	149
8.7.1	PROMISING DRUGS IN PIPELINE FOR RARE DISEASES TO SUPPORT MARKET GROWTH	149
TABLE 127	CLINICAL TRIALS MARKET FOR GENETIC DISEASES, BY REGION, 
2019–2026 (USD BILLION)	150
TABLE 128	NORTH AMERICA: CLINICAL TRIALS MARKET FOR GENETIC DISEASES, 
BY COUNTRY, 2019–2026 (USD BILLION)	150
TABLE 129	EUROPE: CLINICAL TRIALS MARKET FOR GENETIC DISEASES, BY COUNTRY, 2019–2026 (USD BILLION)	150
TABLE 130	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR GENETIC DISEASES, 
BY COUNTRY, 2019–2026 (USD BILLION)	151
8.8	WOMEN’S HEALTH	151
8.8.1	RISING PREVALENCE OF CHRONIC DISORDERS IN WOMEN TO DRIVE MARKET GROWTH	151
TABLE 131	CLINICAL TRIALS MARKET FOR WOMEN’S HEALTH, BY REGION, 
2019–2026 (USD BILLION)	151
TABLE 132	NORTH AMERICA: CLINICAL TRIALS MARKET FOR WOMEN’S HEALTH, 
BY COUNTRY, 2019–2026 (USD BILLION)	152
TABLE 133	EUROPE: CLINICAL TRIALS MARKET FOR WOMEN’S HEALTH, BY COUNTRY, 2019–2026 (USD BILLION)	152
TABLE 134	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR WOMEN’S HEALTH, 
BY COUNTRY, 2019–2026 (USD BILLION)	152
8.9	OTHER THERAPY AREAS	153
FIGURE 33	ESTIMATED NUMBER OF INDIVIDUALS WITH DIABETES, 
2000-2045 (MILLION)	153
TABLE 135	LIST OF PIPELINE DRUGS FOR SKIN DISEASES (2020)	154
TABLE 136	CLINICAL TRIALS MARKET FOR OTHER THERAPY AREAS, BY REGION, 
2019–2026 (USD BILLION)	154
TABLE 137	NORTH AMERICA: CLINICAL TRIALS MARKET FOR OTHER THERAPY AREAS, 
BY COUNTRY, 2019–2026 (USD BILLION)	155
TABLE 138	EUROPE: CLINICAL TRIALS MARKET FOR OTHER THERAPY AREAS, 
BY COUNTRY, 2019–2026 (USD BILLION)	155
TABLE 139	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR OTHER THERAPY AREAS, 
BY COUNTRY, 2019–2026 (USD BILLION)	155
9	CLINICAL TRIALS MARKET, BY APPLICATION	156
9.1	INTRODUCTION	157
TABLE 140	CLINICAL TRIAL MARKET, BY APPLICATION, 2019–2026 (USD BILLION)	157
9.2	SMALL MOLECULE	157
9.2.1	INCREASING INVESTMENTS BY VIRTUAL AND SMALLER COMPANIES TO DRIVE SMALL MOLECULE DEVELOPMENT PROJECTS SUPPORTS 
THE GROWTH OF THIS SEGMENT	157
FIGURE 34	SMALL MOLECULE PIPELINE: NEW CHEMICAL ENTITY, 2014-2019	158
TABLE 141	CLINICAL TRIALS MARKET FOR SMALL MOLECULES, BY REGION, 
2019–2026 (USD BILLION)	158
TABLE 142	NORTH AMERICA: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR SMALL MOLECULES, BY COUNTRY, 2019–2026 (USD BILLION)	159
TABLE 143	EUROPE: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR SMALL MOLECULES, BY COUNTRY, 2019–2026 (USD BILLION)	159
TABLE 144	ASIA PACIFIC: CLINICAL TRIAL MARKET FOR SMALL MOLECULES, 
BY COUNTRY, 2019–2026 (USD BILLION)	159
9.3	VACCINES	160
9.3.1	OUTBREAK OF THE COVID-19 PANDEMIC IS EXPECTED TO EMERGE AS A MARKET DISRUPTOR, IMPOSING LONG-TERM POSITIVE EFFECTS ON 
THE INDUSTRY OPERATIONS	160
FIGURE 35	COVID-19 VACCINE CANDIDATES IN CLINICAL DEVELOPMENT, 
BY PHASE (AS OF JANUARY 2022)	161
TABLE 145	CLINICAL TRIALS MARKET FOR VACCINES, BY REGION, 
2019–2026 (USD BILLION)	161
TABLE 146	NORTH AMERICA: CLINICAL TRIALS MARKET FOR VACCINES, BY COUNTRY, 2019–2026 (USD BILLION)	161
TABLE 147	EUROPE: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR VACCINES, BY COUNTRY, 2019–2026 (USD BILLION)	162
TABLE 148	ASIA PACIFIC: CLINICAL TRIALS MARKET FORCLINICAL TRIALS MARKET FOR VACCINES, BY COUNTRY, 2019–2026 (USD BILLION)	162
9.4	CELL & GENE THERAPY	162
9.4.1	THE RISING TREND OF OUTSOURCING SERVICES AND THE ONGOING EFFORTS OF SERVICE PROVIDERS TO EXPAND THEIR RESPECTIVE OFFERINGS IS DRIVING THE CLINICAL DEVELOPMENT PIPELINE FOR CELL & GENE THERAPY	162
FIGURE 36	ACTIVE CLINICAL TRIALS FOR CELL & GENE THERAPY, 
BY INDICATION (AS OF 2020)	163
FIGURE 37	ACTIVE CLINICAL TRIALS FOR CELL & GENE THERAPY, BY PHASE (2020)	164
TABLE 149	CLINICAL TRIALS MARKET FOR CELL & GENE THERAPY, BY REGION, 
2019–2026 (USD BILLION)	164
TABLE 150	NORTH AMERICA: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR CELL & GENE THERAPY, BY COUNTRY, 2019–2026 (USD BILLION)	165
TABLE 151	EUROPE: CLINICAL TRIALS MARKET FORCLINICAL TRIALS MARKET FOR CELL & GENE THERAPY, BY COUNTRY, 2019–2026 (USD BILLION)	165
TABLE 152	ASIA PACIFIC: CLINICAL TRIALS MARKET FORCLINICAL TRIALS MARKET FOR CELL & GENE THERAPY, BY COUNTRY, 2019–2026 (USD BILLION)	165
9.5	OTHER APPLICATIONS	166
9.5.1	INCREASE IN R&D FOR THE DEVELOPMENT OF HORMONES AND BLOOD COMPONENTS SUPPORTS MARKET GROWTH	166
TABLE 153	CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR OTHER APPLICATIONS, BY REGION, 2019–2026 (USD BILLION)	166
TABLE 154	NORTH AMERICA: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2019–2026 (USD BILLION)	167
TABLE 155	EUROPE: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2019–2026 (USD BILLION)	167
TABLE 156	ASIA PACIFIC: CLINICAL TRIALS MARKET FOR CLINICAL TRIALS MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2019–2026 (USD BILLION)	167
10	CLINICAL TRIALS MARKET, BY REGION	168
10.1	INTRODUCTION	169
TABLE 157	CLINICAL TRIALS MARKET, BY REGION, 2019–2026 (USD BILLION)	169
10.2	NORTH AMERICA	169
FIGURE 38	NORTH AMERICA SNAPSHOT	170
TABLE 158	NORTH AMERICA: CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	170
TABLE 159	NORTH AMERICA: CLINICAL TRIALS MARKET, BY PHASE, 
2019–2026 (USD BILLION)	171
TABLE 160	NORTH AMERICA: CLINICAL RESEARCH SERVICES MARKET, 
BY SERVICE TYPE, 2019–2026 (USD BILLION)	171
TABLE 161	NORTH AMERICA: CLINICAL RESEARCH SERVICES MARKET, 
BY BIOANALYTICAL SERVICES, 2019–2026 (USD BILLION)	172
TABLE 162	NORTH AMERICA: ANALYTICAL TESTING SERVICES MARKET, 
BY THERAPY AREA, 2019–2026 (USD BILLION)	172
TABLE 163	NORTH AMERICA: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	173
10.2.1	US	173
10.2.1.1	Robust clinical research activities to become a key factor supporting the US market growth	173
FIGURE 39	US CONTINUES TO DOMINATE THE DISTRIBUTION OF R&D COMPANIES 
BY REGION (2020 VS. 2019)	174
TABLE 164	US: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	174
TABLE 165	US: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 2019–2026 (USD BILLION)	175
TABLE 166	US: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	175
TABLE 167	US: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	176
TABLE 168	US: CLINICAL TRIALS MARKET, BY APPLICATION, 2019–2026 (USD BILLION)	176
10.2.2	CANADA	176
10.2.2.1	Increasing number of clinical trials in Canada to support market growth	176
TABLE 169	CANADA: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	177
TABLE 170	CANADA: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	177
TABLE 171	CANADA: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	178
TABLE 172	CANADA: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	178
TABLE 173	CANADA: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	179
 
10.3	EUROPE	179
FIGURE 40	CLINICAL TRIALS CONDUCTED IN EUROPE SINCE 2008 (2018)	180
TABLE 174	EUROPE: CLINICAL TRIALS MARKET, BY COUNTRY, 
2019–2026 (USD BILLION)	180
TABLE 175	EUROPE: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	180
TABLE 176	EUROPE: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	181
TABLE 177	EUROPE: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	181
TABLE 178	EUROPE: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	182
TABLE 179	EUROPE: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	182
10.3.1	GERMANY	182
10.3.1.1	Government support and flexible labor laws have made Germany a favorable location for clinical trials	182
TABLE 180	GERMANY: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	183
TABLE 181	GERMANY: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	183
TABLE 182	GERMANY: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	184
TABLE 183	GERMANY: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	184
TABLE 184	GERMANY: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	185
10.3.2	UK	185
10.3.2.1	Investments by pharmaceutical sponsors in the UK for drug discovery services to support market growth	185
FIGURE 41	UK: PHARMACEUTICAL R&D EXPENDITURE, 2013–2017 (USD MILLION)	186
TABLE 185	UK: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	186
TABLE 186	UK: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 2019–2026 (USD BILLION)	187
TABLE 187	UK: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	187
TABLE 188	UK: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	188
TABLE 189	UK: CLINICAL TRIALS MARKET, BY APPLICATION, 2019–2026 (USD BILLION)	188
10.3.3	FRANCE	188
10.3.3.1	High number of oncology clinical trials in France is expected to drive market growth in France	188
TABLE 190	FRANCE: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	189
TABLE 191	FRANCE: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	189
TABLE 192	FRANCE: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	190
TABLE 193	FRANCE: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	190
TABLE 194	FRANCE: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	191
10.3.4	ITALY	191
10.3.4.1	Low drug approval times along with the growing number of clinical trials in Italy to drive market growth	191
TABLE 195	NUMBER OF CLINICAL TRIALS STARTED IN ITALY, BY COMPANY (JANUARY 2021)	191
TABLE 196	ITALY: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	192
TABLE 197	ITALY: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	192
TABLE 198	ITALY: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	193
TABLE 199	ITALY: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	193
TABLE 200	ITALY: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	194
10.3.5	SPAIN	194
10.3.5.1	Rising R&D expenditure to boost market growth for clinical trials 
in Spain	194
FIGURE 42	SPAIN: PHARMACEUTICAL R&D EXPENDITURE (USD MILLION), 2011–2017	195
TABLE 201	SPAIN: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	195
TABLE 202	SPAIN: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	196
TABLE 203	SPAIN: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	196
TABLE 204	SPAIN: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	197
TABLE 205	SPAIN: CLINICAL TRIALS MARKET, BY APPLICATION, 
2019–2026 (USD BILLION)	197
10.3.6	REST OF EUROPE (ROE)	198
TABLE 206	ROE: CLINICAL TRIALS MARKET, BY PHASE, 2019–2026 (USD BILLION)	199
TABLE 207	ROE: CLINICAL TRIALS MARKET, BY SERVICE TYPE, 
2019–2026 (USD BILLION)	199
TABLE 208	ROE: CLINICAL TRIALS MARKET, BY BIOANALYTICAL SERVICES, 
2019–2026 (USD BILLION)	200
TABLE 209	ROE: CLINICAL TRIALS MARKET, BY THERAPY AREA, 
2019–2026 (USD BILLION)	200
TABLE 210	ROE: CLINICAL TRIALS MARKET, BY MOLECULE, 2019–2026 (USD BILLION)	201
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			       1	INTRODUCTION	55
1.1	OBJECTIVES OF THE STUDY	55
1.2	MARKET DEFINITION	56
1.2.1	INCLUSIONS & EXCLUSIONS	56
1.3	MARKET SCOPE	57
FIGURE 1	CRO SERVICES MARKET	57
1.3.1	YEARS CONSIDERED FOR THE STUDY	58
1.4	CURRENCY	58
1.5	LIMITATIONS	58
1.6	STAKEHOLDERS	59
1.7	SUMMARY OF CHANGES	59
2	RESEARCH METHODOLOGY	61
2.1	RESEARCH DATA	61
FIGURE 2	RESEARCH DESIGN	61
2.1.1	SECONDARY DATA	62
2.1.2	PRIMARY DATA	62
FIGURE 3	CRO SERVICES MARKET: BREAKDOWN OF PRIMARIES	63
2.2	MARKET SIZE ESTIMATION	64
FIGURE 4	MARKET SIZE ESTIMATION—BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF CRO SERVICES IN THE MARKET	64
FIGURE 5	MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS, 2021	64
FIGURE 6	AVERAGE MARKET SIZE ESTIMATION, 2021	65
2.3	GROWTH RATE ASSUMPTIONS/GROWTH FORECAST	66
FIGURE 7	CRO SERVICES MARKET: CAGR PROJECTIONS, 2022–2027	67
FIGURE 8	CRO SERVICES MARKET: GROWTH ANALYSIS OF DRIVERS, RESTRAINTS, AND OPPORTUNITIES	67
FIGURE 9	MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH	68
2.4	MARKET BREAKDOWN AND DATA TRIANGULATION	69
FIGURE 10	DATA TRIANGULATION METHODOLOGY	69
2.5	INSIGHTS FROM PRIMARIES	70
FIGURE 11	MARKET VALIDATION FROM PRIMARY EXPERTS	70
2.6	RESEARCH ASSUMPTIONS	70
2.6.1	COVID-19-SPECIFIC ASSUMPTIONS	71
2.7	RISK ANALYSIS	71
3	EXECUTIVE SUMMARY	72
FIGURE 12	CRO SERVICES MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)	72
FIGURE 13	CRO SERVICES MARKET, BY THERAPEUTIC AREA, 
2022 VS. 2027 (USD MILLION)	73
FIGURE 14	CRO SERVICES MARKET, BY END USER, 2022 VS. 2027 (USD MILLION)	74
FIGURE 15	GEOGRAPHICAL SNAPSHOT: CRO SERVICES MARKET	75
4	PREMIUM INSIGHTS	76
4.1	CRO SERVICES MARKET OVERVIEW	76
FIGURE 16	RISING INVESTMENTS IN PHARMACEUTICAL R&D TO DRIVE MARKET GROWTH	76
4.2	NORTH AMERICA: CRO SERVICES MARKET SHARE,  BY SERVICE & COUNTRY (2021)	77
FIGURE 17	CLINICAL RESEARCH SERVICES SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE NORTH AMERICAN CRO SERVICES MARKET IN 2021	77
4.3	CRO SERVICES MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)	78
FIGURE 18	CLINICAL RESEARCH SERVICES SEGMENT TO CONTINUE TO DOMINATE THE MARKET IN 2027	78
4.4	CRO SERVICES MARKET SHARE, BY END USER, 2021	78
FIGURE 19	PHARMACEUTICAL & BIOPHARMACEUTICAL COMPANIES SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2021	78
4.5	CRO SERVICES MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES	79
FIGURE 20	ASIA PACIFIC TO REGISTER THE HIGHEST GROWTH IN THE CRO SERVICES MARKET FROM 2022 TO 2027	79
5	MARKET OVERVIEW	80
5.1	INTRODUCTION	80
5.2	MARKET DYNAMICS	80
FIGURE 21	CRO SERVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES	80
TABLE 1	CRO SERVICES MARKET: IMPACT ANALYSIS	81
5.2.1	DRIVERS	81
5.2.1.1	Increasing investment in pharmaceutical R&D	81
FIGURE 22	INCREASE IN GLOBAL PHARMACEUTICAL R&D SPENDING, 2012–2026	82
FIGURE 23	ACTIVE PHARMACEUTICAL PIPELINE, 2011–2021	83
5.2.1.2	Increasing number of clinical trial	83
FIGURE 24	NUMBER OF CLINICAL TRIALS REGISTERED WORLDWIDE  (2000–2021)	83
5.2.1.3	High cost of in-house drug development	84
FIGURE 25	AVERAGE COST TO DEVELOP A PHARMACEUTICAL COMPOUND FROM DISCOVERY TO LAUNCH, 2010–2020 (USD BILLION)	84
5.2.1.4	Rising prevalence of orphan and rare diseases	85
5.2.2	OPPORTUNITIES	85
5.2.2.1	Growth in the drugs and biologics market despite the COVID-19 pandemic	85
FIGURE 26	TOTAL NUMBER OF NEW DRUGS (NEW CHEMICAL ENTITIES AND BIOLOGICS) APPROVED BY THE US FDA (2011–2021)	85
TABLE 2	LIST OF BIOLOGICS APPROVED BY THE US FDA (2021)	86
5.2.2.2	Rising demand for specialized testing services among end users	86
5.2.2.3	Need for novel clinical trial designs for complex cell and gene therapies	87
5.2.3	CHALLENGES	87
5.2.3.1	Shortage of skilled professionals for clinical trials	87
5.2.3.2	Requirement for unique analytical testing approaches for innovative formulations	88
5.2.4	MARKET TRENDS	88
5.2.4.1	Growing adoption of artificial intelligence-based tools for drug discovery	88
5.2.4.2	Increased outsourcing to emerging Asian economies	89
5.2.4.3	CRO industry consolidation	90
TABLE 3	LIST OF ACQUISITIONS	90
5.2.4.4	Integrated end-to-end R&D service solutions	91
5.3	RANGES/SCENARIOS	91
FIGURE 27	SPECTRUM OF SCENARIOS BASED ON THE IMPACT OF UNCERTAINTIES ON THE GROWTH OF THE CRO SERVICES MARKET	91
5.4	IMPACT OF COVID-19 OUTBREAK ON THE CRO SERVICES MARKET	92
FIGURE 28	CRO SERVICES MARKET SCENARIO WITH AND WITHOUT COVID-19 IMPACT, 2019–2021	92
5.5	TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS	94
FIGURE 29	REVENUE SHIFT & NEW POCKETS FOR CRO SERVICE PROVIDERS	94
5.6	PRICING ANALYSIS	94
TABLE 4	AVERAGE SELLING PRICE OF CRO SERVICES, BY REGION (2020)	95
5.7	VALUE CHAIN ANALYSIS	95
FIGURE 30	VALUE CHAIN ANALYSIS OF THE CRO SERVICES MARKET: CLINICAL RESEARCH PHASES ADD MAXIMUM VALUE	96
5.8	ECOSYSTEM ANALYSIS	97
FIGURE 31	ECOSYSTEM ANALYSIS: CRO SERVICES MARKET	97
TABLE 5	SUPPLY CHAIN ECOSYSTEM	98
5.9	TECHNOLOGY ANALYSIS	99
5.10	CASE STUDIES	100
5.10.1	COVANCE FSPX DATA ANALYSIS WAS USED TO DETERMINE THE ELIGIBILITY OF PATIENTS ENROLLED FOR ONCOLOGY CLINICAL TRIALS	100
5.10.2	IQVIA PROVIDES END-TO-END CLINICAL SUPPORT TO SPONSOR	100
5.11	KEY CONFERENCES & EVENTS IN 2022–2023	100
TABLE 6	CRO SERVICES MARKET: DETAILED LIST OF CONFERENCES & EVENTS	100
5.12	REGULATORY ANALYSIS	101
5.12.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	101
TABLE 7	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	101
TABLE 8	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	102
TABLE 9	ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	103
TABLE 10	REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	103
5.13	PORTER’S FIVE FORCES ANALYSIS	107
TABLE 11	CRO SERVICES MARKET: PORTER’S FIVE FORCES ANALYSIS	107
5.13.1	THREAT OF NEW ENTRANTS	107
5.13.2	THREAT OF SUBSTITUTES	107
5.13.3	BARGAINING POWER OF BUYERS	108
5.13.4	BARGAINING POWER OF SUPPLIERS	108
5.13.5	DEGREE OF COMPETITION	108
5.14	KEY STAKEHOLDERS AND BUYING CRITERIA	109
5.14.1	KEY STAKEHOLDERS IN THE BUYING PROCESS	109
FIGURE 32	INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS OF CRO SERVICES	109
5.14.2	BUYING CRITERIA FOR CRO SERVICES	109
FIGURE 33	KEY BUYING CRITERIA FOR END USERS	109
6	CRO SERVICES MARKET, BY TYPE	110
6.1	INTRODUCTION	111
TABLE 12	CRO SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)	111
6.2	CLINICAL RESEARCH SERVICES	111
TABLE 13	NUMBER OF REGISTERED AND RECRUITING CLINICAL STUDIES AS OF MARCH 2022,  BY LOCATION	112
TABLE 14	EXAMPLES OF CLINICAL RESEARCH SERVICES OFFERED BY MARKET PLAYERS	112
FIGURE 34	DRUGS IN PIPELINE, BY DEVELOPMENT PHASE, 2020 VS. 2021	113
TABLE 15	CLINICAL RESEARCH SERVICES MARKET, BY TYPE, 
2020–2027 (USD MILLION)	114
TABLE 16	CLINICAL RESEARCH SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	114
TABLE 17	NORTH AMERICA: CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	114
TABLE 18	EUROPE: CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	115
TABLE 19	ASIA PACIFIC: CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	115
TABLE 20	LATIN AMERICA: CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	115
6.2.1	PHASE III CLINICAL RESEARCH SERVICES	116
6.2.1.1	Rising cost of Phase III trials and high number of patients recruited in these trials to drive the demand for cost-effective CRO services	116
TABLE 21	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE III STUDY	116
TABLE 22	PHASE III CLINICAL RESEARCH SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	117
TABLE 23	NORTH AMERICA: PHASE III CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	117
TABLE 24	EUROPE: PHASE III CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	117
TABLE 25	ASIA PACIFIC: PHASE III CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	118
TABLE 26	LATIN AMERICA: PHASE III CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	118
6.2.2	PHASE II CLINICAL RESEARCH SERVICES	118
6.2.2.1	Long duration of Phase II studies provides growth opportunities for CROs	118
TABLE 27	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE II STUDIES	119
TABLE 28	PHASE II CLINICAL RESEARCH SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	119
TABLE 29	NORTH AMERICA: PHASE II CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	120
TABLE 30	EUROPE: PHASE II CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	120
TABLE 31	ASIA PACIFIC: PHASE II CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	120
TABLE 32	LATIN AMERICA: PHASE II CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	121
6.2.3	PHASE I CLINICAL RESEARCH SERVICES	121
6.2.3.1	Robust pipeline of pharmaceutical companies driving the growth of this market segment	121
TABLE 33	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE I STUDIES	121
TABLE 34	PHASE I CLINICAL RESEARCH SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	122
TABLE 35	NORTH AMERICA: PHASE I CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	122
TABLE 36	EUROPE: PHASE I CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	123
TABLE 37	ASIA PACIFIC: PHASE I CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	123
TABLE 38	LATIN AMERICA: PHASE I CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	123
6.2.4	PHASE IV CLINICAL RESEARCH SERVICES	124
6.2.4.1	Increasing number of CROs are providing post-marketing surveillance	124
TABLE 39	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE IV CLINICAL STUDIES	124
TABLE 40	PHASE IV CLINICAL RESEARCH SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	125
TABLE 41	NORTH AMERICA: PHASE IV CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	125
TABLE 42	EUROPE: PHASE IV CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	125
TABLE 43	ASIA PACIFIC: PHASE IV CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	126
TABLE 44	LATIN AMERICA: PHASE IV CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	126
6.3	EARLY-PHASE DEVELOPMENT SERVICES	126
FIGURE 35	DRUGS IN PIPELINE, BY THERAPEUTIC AREA (2021)	127
TABLE 45	EXAMPLES OF EARLY-PHASE DEVELOPMENT SERVICES OFFERED BY MARKET PLAYERS	127
TABLE 46	EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY TYPE, 
2020–2027 (USD MILLION)	128
TABLE 47	EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	128
TABLE 48	NORTH AMERICA: EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	129
TABLE 49	EUROPE: EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	129
TABLE 50	ASIA PACIFIC: EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	129
TABLE 51	LATIN AMERICA: EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	130
6.3.1	CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES	130
6.3.1.1	CMC services are widely used to check the quality standards of drugs	130
TABLE 52	CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES MARKET, BY REGION,  2020–2027 (USD MILLION)	130
TABLE 53	NORTH AMERICA: CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES MARKET,  BY COUNTRY, 2020–2027 (USD MILLION)	131
TABLE 54	EUROPE: CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	131
TABLE 55	ASIA PACIFIC: CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES MARKET,  BY COUNTRY, 2020–2027 (USD MILLION)	131
TABLE 56	LATIN AMERICA: CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	132
6.3.2	PRECLINICAL SERVICES	132
TABLE 57	PRECLINICAL SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)	132
TABLE 58	PRECLINICAL SERVICES MARKET, BY REGION, 2020–2027 (USD MILLION)	133
TABLE 59	NORTH AMERICA: PRECLINICAL SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	133
TABLE 60	EUROPE: PRECLINICAL SERVICES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	133
TABLE 61	ASIA PACIFIC: PRECLINICAL SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	134
TABLE 62	LATIN AMERICA: PRECLINICAL SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	134
6.3.2.1	Pharmacokinetics/pharmacodynamics services	134
6.3.2.1.1	Importance of studies to determine the pharmacokinetic behavior of drug candidates is increasing	134
TABLE 63	PHARMACOKINETICS/PHARMACODYNAMICS SERVICES MARKET, BY REGION,  2020–2027 (USD MILLION)	135
TABLE 64	NORTH AMERICA: PHARMACOKINETICS/PHARMACODYNAMICS SERVICES MARKET,  BY COUNTRY, 2020–2027 (USD MILLION)	135
TABLE 65	EUROPE: PHARMACOKINETICS/PHARMACODYNAMICS SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	136
TABLE 66	ASIA PACIFIC: PHARMACOKINETICS/PHARMACODYNAMICS SERVICES MARKET,  BY COUNTRY, 2020–2027 (USD MILLION)	136
TABLE 67	LATIN AMERICA: PHARMACOKINETICS/PHARMACODYNAMICS SERVICES MARKET,  BY COUNTRY, 2020–2027 (USD MILLION)	136
6.3.2.2	Toxicology testing services	137
6.3.2.2.1	Demand for toxicology testing is increasing to prevent late-stage failures	137
TABLE 68	TOXICOLOGY TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	137
TABLE 69	NORTH AMERICA: TOXICOLOGY TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	138
TABLE 70	EUROPE: TOXICOLOGY TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	138
TABLE 71	ASIA PACIFIC: TOXICOLOGY TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	138
TABLE 72	LATIN AMERICA: TOXICOLOGY TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	139
6.3.2.3	Other preclinical services	139
TABLE 73	OTHER PRECLINICAL SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	139
TABLE 74	NORTH AMERICA: OTHER PRECLINICAL SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	140
TABLE 75	EUROPE: OTHER PRECLINICAL SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	140
TABLE 76	ASIA PACIFIC: OTHER PRECLINICAL SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	140
TABLE 77	LATIN AMERICA: OTHER PRECLINICAL SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	141
6.3.3	DISCOVERY STUDIES	141
6.3.3.1	Rising importance of CRO services for target identification and validation to promote segment growth	141
TABLE 78	DISCOVERY STUDIES MARKET, BY REGION, 2020–2027 (USD MILLION)	141
TABLE 79	NORTH AMERICA: DISCOVERY STUDIES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	142
TABLE 80	EUROPE: DISCOVERY STUDIES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	142
TABLE 81	ASIA PACIFIC: DISCOVERY STUDIES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	142
TABLE 82	LATIN AMERICA: DISCOVERY STUDIES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	143
6.4	LABORATORY SERVICES	143
TABLE 83	EXAMPLES OF LABORATORY SERVICES OFFERED BY PROMINENT PLAYERS	143
TABLE 84	LABORATORY SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)	144
TABLE 85	LABORATORY SERVICES MARKET, BY REGION, 2020–2027 (USD MILLION)	144
TABLE 86	NORTH AMERICA: LABORATORY SERVICES MARKET, BY COUNTRY, 
 2020–2027 (USD MILLION)	144
TABLE 87	EUROPE: LABORATORY SERVICES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	145
TABLE 88	ASIA PACIFIC: LABORATORY SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	145
TABLE 89	LATIN AMERICA: LABORATORY SERVICES MARKET, BY COUNTRY, 
 2020–2027 (USD MILLION)	145
6.4.1	ANALYTICAL TESTING SERVICES	146
TABLE 90	ANALYTICAL TESTING SERVICES MARKET, BY TYPE, 
2020–2027 (USD MILLION)	146
TABLE 91	ANALYTICAL TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	146
TABLE 92	NORTH AMERICA: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	147
TABLE 93	EUROPE: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	147
TABLE 94	ASIA PACIFIC: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	147
TABLE 95	LATIN AMERICA: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	148
6.4.1.1	Physical characterization services	148
6.4.1.1.1	Demand for physical characterization is increasing to reduce the risk of product failure	148
TABLE 96	PHYSICAL CHARACTERIZATION SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	148
TABLE 97	NORTH AMERICA: PHYSICAL CHARACTERIZATION SERVICES MARKET, 
BY COUNTRY, 2020–2027 (USD MILLION)	149
TABLE 98	EUROPE: PHYSICAL CHARACTERIZATION SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	149
TABLE 99	ASIA PACIFIC: PHYSICAL CHARACTERIZATION SERVICES MARKET,
 BY COUNTRY,  2020–2027 (USD MILLION)	149
TABLE 100	LATIN AMERICA: PHYSICAL CHARACTERIZATION SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	150
6.4.1.2	Raw material testing services	150
6.4.1.2.1	Demand for raw material testing services is increasing to ensure the quality and purity of raw materials	150
TABLE 101	RAW MATERIAL TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	150
TABLE 102	NORTH AMERICA: RAW MATERIAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	151
TABLE 103	EUROPE: RAW MATERIAL TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	151
TABLE 104	ASIA PACIFIC: RAW MATERIAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	151
TABLE 105	LATIN AMERICA: RAW MATERIAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	152
6.4.1.3	Batch release testing services	152
6.4.1.3.1	Comprehensive portfolio of batch release testing services offered by CROs to propel segment growth	152
TABLE 106	BATCH RELEASE TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	152
TABLE 107	NORTH AMERICA: BATCH RELEASE TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	153
TABLE 108	EUROPE: BATCH RELEASE TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	153
TABLE 109	ASIA PACIFIC: BATCH RELEASE TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	153
TABLE 110	LATIN AMERICA: BATCH RELEASE TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	154
6.4.1.4	Stability testing services	154
6.4.1.4.1	Stability testing is used to ensure the long-term quality, safety, and efficacy of pharmaceutical products	154
TABLE 111	STABILITY TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	155
TABLE 112	NORTH AMERICA: STABILITY TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	155
TABLE 113	EUROPE: STABILITY TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	155
TABLE 114	ASIA PACIFIC: STABILITY TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	156
TABLE 115	LATIN AMERICA: STABILITY TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	156
6.4.1.5	Other analytical testing services	156
TABLE 116	OTHER ANALYTICAL TESTING SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	157
TABLE 117	NORTH AMERICA: OTHER ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	157
TABLE 118	EUROPE: OTHER ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	157
TABLE 119	ASIA PACIFIC: OTHER ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	158
TABLE 120	LATIN AMERICA: OTHER ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	158
6.4.2	BIOANALYTICAL TESTING SERVICES	158
6.4.2.1	Demand for bioanalytical testing has increased due to the growing use of macromolecules and biosimilars	158
TABLE 121	BIOANALYTICAL TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	159
TABLE 122	NORTH AMERICA: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	159
TABLE 123	EUROPE: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 
 2020–2027 (USD MILLION)	159
TABLE 124	ASIA PACIFIC: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	160
TABLE 125	LATIN AMERICA: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	160
6.5	CONSULTING SERVICES	160
6.5.1	ADOPTION OF CONSULTING SERVICES IS INCREASING FOR QUALITY ASSURANCE PURPOSES	160
TABLE 126	CONSULTING SERVICES MARKET, BY REGION, 2020–2027 (USD MILLION)	161
TABLE 127	NORTH AMERICA: CONSULTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	161
TABLE 128	EUROPE: CONSULTING SERVICES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	162
TABLE 129	ASIA PACIFIC: CONSULTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	162
TABLE 130	LATIN AMERICA: CONSULTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	162
6.6	DATA MANAGEMENT SERVICES	163
6.6.1	DATA MANAGEMENT SERVICES EXPECTED TO RECORD THE HIGHEST CAGR DURING THE FORECAST PERIOD	163
TABLE 131	EXAMPLES OF DATA MANAGEMENT SERVICES OFFERED BY PROMINENT PLAYERS	163
TABLE 132	DATA MANAGEMENT SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	164
TABLE 133	NORTH AMERICA: DATA MANAGEMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	164
TABLE 134	EUROPE: DATA MANAGEMENT SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	164
TABLE 135	ASIA PACIFIC: DATA MANAGEMENT SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	165
TABLE 136	LATIN AMERICA: DATA MANAGEMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	165
7	CRO SERVICES MARKET, BY THERAPEUTIC AREA	166
7.1	INTRODUCTION	167
TABLE 137	CRO SERVICES MARKET, BY THERAPEUTIC AREA, 2020–2027 (USD MILLION)	167
7.2	ONCOLOGY	168
FIGURE 36	GLOBAL CANCER INCIDENCE, BY CANCER TYPE (2020)	168
FIGURE 37	NUMBER OF ONCOLOGY CLINICAL TRIALS STARTED GLOBALLY FROM  
2011 TO 2021 (IN THOUSAND)	169
TABLE 138	LIST OF FDA DRUGS APPROVED FOR ONCOLOGY (2021)	169
TABLE 139	CRO SERVICES MARKET FOR ONCOLOGY, BY TYPE, 
2020–2027 (USD MILLION)	170
TABLE 140	CRO SERVICES MARKET FOR ONCOLOGY, BY REGION, 
2020–2027 (USD MILLION)	170
TABLE 141	NORTH AMERICA: CRO SERVICES MARKET FOR ONCOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	170
TABLE 142	EUROPE: CRO SERVICES MARKET FOR ONCOLOGY, BY COUNTRY,  
2020–2027 (USD MILLION)	171
TABLE 143	ASIA PACIFIC: CRO SERVICES MARKET FOR ONCOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	171
TABLE 144	LATIN AMERICA: CRO SERVICES MARKET FOR ONCOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	171
7.2.1	BREAST CANCER	172
7.2.1.1	Breast cancer is the most prevalent cancer	172
TABLE 145	CRO SERVICES MARKET FOR BREAST CANCER, BY REGION, 
2020–2027 (USD MILLION)	172
TABLE 146	NORTH AMERICA: CRO SERVICES MARKET FOR BREAST CANCER, 
BY COUNTRY,  2020–2027 (USD MILLION)	172
TABLE 147	EUROPE: CRO SERVICES MARKET FOR BREAST CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	173
TABLE 148	ASIA PACIFIC: CRO SERVICES MARKET FOR BREAST CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	173
TABLE 149	LATIN AMERICA: CRO SERVICES MARKET FOR BREAST CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	173
7.2.2	LUNG CANCER	174
7.2.2.1	Drug approvals indicate increasing research against lung cancer	174
TABLE 150	CRO SERVICES MARKET FOR LUNG CANCER, BY REGION, 
2020–2027 (USD MILLION)	174
TABLE 151	NORTH AMERICA: CRO SERVICES MARKET FOR LUNG CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	174
TABLE 152	EUROPE: CRO SERVICES MARKET FOR LUNG CANCER, BY COUNTRY,  
2020–2027 (USD MILLION)	175
TABLE 153	ASIA PACIFIC: CRO SERVICES MARKET FOR LUNG CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	175
TABLE 154	LATIN AMERICA: CRO SERVICES MARKET FOR LUNG CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	175
7.2.3	COLORECTAL CANCER	176
7.2.3.1	Increasing number of clinical trials on treatments against colorectal cancer to drive segment growth	176
TABLE 155	CRO SERVICES MARKET FOR COLORECTAL CANCER, BY REGION,  
2020–2027 (USD MILLION)	176
TABLE 156	NORTH AMERICA: CRO SERVICES MARKET FOR COLORECTAL CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	176
TABLE 157	EUROPE: CRO SERVICES MARKET FOR COLORECTAL CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	177
TABLE 158	ASIA PACIFIC: CRO SERVICES MARKET FOR COLORECTAL CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	177
TABLE 159	LATIN AMERICA: CRO SERVICES MARKET FOR COLORECTAL CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	177
7.2.4	PROSTATE CANCER	178
7.2.4.1	Increasing research initiatives on prostate cancer to drive segment growth	178
TABLE 160	CRO SERVICES MARKET FOR PROSTATE CANCER, BY REGION,  
2020–2027 (USD MILLION)	178
TABLE 161	NORTH AMERICA: CRO SERVICES MARKET FOR PROSTATE CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	178
TABLE 162	EUROPE: CRO SERVICES MARKET FOR PROSTATE CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	179
TABLE 163	ASIA PACIFIC: CRO SERVICES MARKET FOR PROSTATE CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	179
TABLE 164	LATIN AMERICA: CRO SERVICES MARKET FOR PROSTATE CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	179
7.2.5	OTHER CANCERS	180
TABLE 165	CRO SERVICES MARKET FOR OTHER CANCERS, BY REGION, 
2020–2027 (USD MILLION)	180
TABLE 166	NORTH AMERICA: CRO SERVICES MARKET FOR OTHER CANCERS, BY COUNTRY,  2020–2027 (USD MILLION)	180
TABLE 167	EUROPE: CRO SERVICES MARKET FOR OTHER CANCERS, BY COUNTRY,  2020–2027 (USD MILLION)	181
TABLE 168	ASIA PACIFIC: CRO SERVICES MARKET FOR OTHER CANCERS, BY COUNTRY,  2020–2027 (USD MILLION)	181
TABLE 169	LATIN AMERICA: CRO SERVICES MARKET FOR OTHER CANCERS, BY COUNTRY,  2020–2027 (USD MILLION)	181
7.3	INFECTIOUS DISEASES	182
7.3.1	EPIDEMIC OUTBREAKS ARE NECESSITATING INCREASING DRUG DISCOVERY ACTIVITIES	182
TABLE 170	CRO SERVICES MARKET FOR INFECTIOUS DISEASES, BY REGION,  
2020–2027 (USD MILLION)	182
TABLE 171	NORTH AMERICA: CRO SERVICES MARKET FOR INFECTIOUS DISEASES, BY COUNTRY,  2020–2027 (USD MILLION)	182
TABLE 172	EUROPE: CRO SERVICES MARKET FOR INFECTIOUS DISEASES, BY COUNTRY,  2020–2027 (USD MILLION)	183
TABLE 173	ASIA PACIFIC: CRO SERVICES MARKET FOR INFECTIOUS DISEASES, BY COUNTRY,  2020–2027 (USD MILLION)	183
TABLE 174	LATIN AMERICA: CRO SERVICES MARKET FOR INFECTIOUS DISEASES, BY COUNTRY,  2020–2027 (USD MILLION)	183
7.4	CARDIOVASCULAR SYSTEM DISORDERS	184
7.4.1	HIGH MORTALITY RATES DRIVING PHARMACEUTICAL COMPANIES TO DEVELOP NEW TREATMENT OPTIONS	184
TABLE 175	LIST OF PIPELINE DRUGS FOR CARDIOVASCULAR DISEASES (2021)	184
TABLE 176	CRO SERVICES MARKET FOR CARDIOVASCULAR SYSTEM DISORDERS, BY REGION, 2020–2027 (USD MILLION)	185
TABLE 177	NORTH AMERICA: CRO SERVICES MARKET FOR CARDIOVASCULAR SYSTEM DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	185
TABLE 178	EUROPE: CRO SERVICES MARKET FOR CARDIOVASCULAR SYSTEM DISORDERS,  BY COUNTRY, 2020–2027 (USD MILLION)	185
TABLE 179	ASIA PACIFIC: CRO SERVICES MARKET FOR CARDIOVASCULAR SYSTEM DISORDERS,  BY COUNTRY, 2020–2027 (USD MILLION)	186
TABLE 180	LATIN AMERICA: CRO SERVICES MARKET FOR CARDIOVASCULAR SYSTEM DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	186
7.5	NEUROLOGY	186
7.5.1	INCREASING INVESTMENT IN R&D AND GRANTS FOR NEUROLOGICAL DISORDERS TO DRIVE SEGMENT GROWTH	186
TABLE 181	LIST OF PIPELINE DRUGS FOR NEUROLOGICAL DISORDERS (2021)	187
TABLE 182	CRO SERVICES MARKET FOR NEUROLOGY, BY REGION, 
2020–2027 (USD MILLION)	188
TABLE 183	NORTH AMERICA: CRO SERVICES MARKET FOR NEUROLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	188
TABLE 184	EUROPE: CRO SERVICES MARKET FOR NEUROLOGY, BY COUNTRY,  
2020–2027 (USD MILLION)	188
TABLE 185	ASIA PACIFIC: CRO SERVICES MARKET FOR NEUROLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	189
TABLE 186	LATIN AMERICA: CRO SERVICES MARKET FOR NEUROLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	189
7.6	VACCINES	189
7.6.1	INCREASING INVESTMENTS IN VACCINE R&D TO DRIVE SEGMENT GROWTH	189
TABLE 187	CRO SERVICES MARKET FOR VACCINES, BY REGION, 
2020–2027 (USD MILLION)	190
TABLE 188	NORTH AMERICA: CRO SERVICES MARKET FOR VACCINES, BY COUNTRY,  2020–2027 (USD MILLION)	190
TABLE 189	EUROPE: CRO SERVICES MARKET FOR VACCINES, BY COUNTRY,  
2020–2027 (USD MILLION)	190
TABLE 190	ASIA PACIFIC: CRO SERVICES MARKET FOR VACCINES, BY COUNTRY,  
2020–2027 (USD MILLION)	191
TABLE 191	LATIN AMERICA: CRO SERVICES MARKET FOR VACCINES, BY COUNTRY,  2020–2027 (USD MILLION)	191
7.7	METABOLIC DISORDERS/ENDOCRINOLOGY	191
7.7.1	INCREASING GLOBAL DIABETES POPULATION EXPECTED TO DRIVE SEGMENT GROWTH	191
FIGURE 38	ESTIMATED NUMBER OF INDIVIDUALS WITH DIABETES,  
2000–2045 (MILLION)	192
TABLE 192	CRO SERVICES MARKET FOR METABOLIC DISORDERS/ENDOCRINOLOGY, BY REGION, 2020–2027 (USD MILLION)	192
TABLE 193	NORTH AMERICA: CRO SERVICES MARKET FOR METABOLIC DISORDERS/ENDOCRINOLOGY, BY COUNTRY, 2020–2027 (USD MILLION)	193
TABLE 194	EUROPE: CRO SERVICES MARKET FOR METABOLIC DISORDERS/ENDOCRINOLOGY,  BY COUNTRY, 2020–2027 (USD MILLION)	193
TABLE 195	ASIA PACIFIC: CRO SERVICES MARKET FOR METABOLIC DISORDERS/ENDOCRINOLOGY, BY COUNTRY, 2020–2027 (USD MILLION)	193
TABLE 196	LATIN AMERICA: CRO SERVICES MARKET FOR METABOLIC DISORDERS/ENDOCRINOLOGY, BY COUNTRY, 2020–2027 (USD MILLION)	194
7.8	IMMUNOLOGICAL DISORDERS	194
7.8.1	GROWING DRUGS PIPELINE FOR IMMUNOLOGICAL DISORDERS TO DRIVE SEGMENT GROWTH	194
TABLE 197	CRO SERVICES MARKET FOR IMMUNOLOGICAL DISORDERS, BY REGION,  2020–2027 (USD MILLION)	194
TABLE 198	NORTH AMERICA: CRO SERVICES MARKET FOR IMMUNOLOGICAL DISORDERS,  BY COUNTRY, 2020–2027 (USD MILLION)	195
TABLE 199	EUROPE: CRO SERVICES MARKET FOR IMMUNOLOGICAL DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	195
TABLE 200	ASIA PACIFIC: CRO SERVICES MARKET FOR IMMUNOLOGICAL DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	195
TABLE 201	LATIN AMERICA: CRO SERVICES MARKET FOR IMMUNOLOGICAL DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	196
7.9	PSYCHIATRY	196
7.9.1	RISING INCIDENCE OF PSYCHIATRIC DISORDERS TO PROPEL SEGMENT GROWTH	196
TABLE 202	CRO SERVICES MARKET FOR PSYCHIATRY, BY REGION, 
2020–2027 (USD MILLION)	196
TABLE 203	NORTH AMERICA: CRO SERVICES MARKET FOR PSYCHIATRY, BY COUNTRY,  2020–2027 (USD MILLION)	197
TABLE 204	EUROPE: CRO SERVICES MARKET FOR PSYCHIATRY, BY COUNTRY,  
2020–2027 (USD MILLION)	197
TABLE 205	ASIA PACIFIC: CRO SERVICES MARKET FOR PSYCHIATRY, BY COUNTRY,  2020–2027 (USD MILLION)	197
TABLE 206	LATIN AMERICA: CRO SERVICES MARKET FOR PSYCHIATRY, BY COUNTRY,  2020–2027 (USD MILLION)	198
7.10	RESPIRATORY DISORDERS	198
7.10.1	INCREASING PREVALENCE OF RESPIRATORY DISORDERS TO SUPPORT SEGMENT GROWTH	198
TABLE 207	LIST OF PIPELINE DRUGS FOR RESPIRATORY DISEASES (2021)	198
TABLE 208	CRO SERVICES MARKET FOR RESPIRATORY DISORDERS, BY REGION,  
2020–2027 (USD MILLION)	199
TABLE 209	NORTH AMERICA: CRO SERVICES MARKET FOR RESPIRATORY DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	199
TABLE 210	EUROPE: CRO SERVICES MARKET FOR RESPIRATORY DISORDERS, BY COUNTRY,  2020–2027 (USD MILLION)	200
TABLE 211	ASIA PACIFIC: CRO SERVICES MARKET FOR RESPIRATORY DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	200
TABLE 212	LATIN AMERICA: CRO SERVICES MARKET FOR RESPIRATORY DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	200
7.11	DERMATOLOGY	201
7.11.1	INCREASING PREVALENCE OF SKIN DISORDERS TO PROPEL SEGMENT GROWTH	201
TABLE 213	LIST OF PIPELINE DRUGS FOR SKIN DISEASES (2021)	201
TABLE 214	CRO SERVICES MARKET FOR DERMATOLOGY, BY REGION, 
2020–2027 (USD MILLION)	202
TABLE 215	NORTH AMERICA: CRO SERVICES MARKET FOR DERMATOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	202
TABLE 216	EUROPE: CRO SERVICES MARKET FOR DERMATOLOGY, BY COUNTRY,  
2020–2027 (USD MILLION)	202
TABLE 217	ASIA PACIFIC: CRO SERVICES MARKET FOR DERMATOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	203
TABLE 218	LATIN AMERICA: CRO SERVICES MARKET FOR DERMATOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	203
7.12	OPHTHALMOLOGY	203
7.12.1	GROWING NEED FOR OPHTHALMOLOGY-RELATED CLINICAL TRIALS TO DRIVE SEGMENT GROWTH	203
TABLE 219	CRO SERVICES MARKET FOR OPHTHALMOLOGY, BY REGION, 
2020–2027 (USD MILLION)	204
TABLE 220	NORTH AMERICA: CRO SERVICES MARKET FOR OPHTHALMOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	204
TABLE 221	EUROPE: CRO SERVICES MARKET FOR OPHTHALMOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	204
TABLE 222	ASIA PACIFIC: CRO SERVICES MARKET FOR OPHTHALMOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	205
TABLE 223	LATIN AMERICA: CRO SERVICES MARKET FOR OPHTHALMOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	205
7.13	GASTROINTESTINAL DISEASES	205
7.13.1	RISING INCIDENCE OF GASTROINTESTINAL DISEASES TO PROPEL SEGMENT GROWTH	205
TABLE 224	CRO SERVICES MARKET FOR GASTROINTESTINAL DISEASES, BY REGION,  2020–2027 (USD MILLION)	206
TABLE 225	NORTH AMERICA: CRO SERVICES MARKET FOR GASTROINTESTINAL DISEASES,  BY COUNTRY, 2020–2027 (USD MILLION)	206
TABLE 226	EUROPE: CRO SERVICES MARKET FOR GASTROINTESTINAL DISEASES, BY COUNTRY, 2020–2027 (USD MILLION)	206
TABLE 227	ASIA PACIFIC: CRO SERVICES MARKET FOR GASTROINTESTINAL DISEASES, BY COUNTRY, 2020–2027 (USD MILLION)	207
TABLE 228	LATIN AMERICA: CRO SERVICES MARKET FOR GASTROINTESTINAL DISEASES,  BY COUNTRY, 2020–2027 (USD MILLION)	207
			       1	INTRODUCTION	55
1.1	OBJECTIVES OF THE STUDY	55
1.2	MARKET DEFINITION	56
1.2.1	INCLUSIONS & EXCLUSIONS	56
1.3	MARKET SCOPE	57
FIGURE 1	CRO SERVICES MARKET	57
1.3.1	YEARS CONSIDERED FOR THE STUDY	58
1.4	CURRENCY	58
1.5	LIMITATIONS	58
1.6	STAKEHOLDERS	59
1.7	SUMMARY OF CHANGES	59
2	RESEARCH METHODOLOGY	61
2.1	RESEARCH DATA	61
FIGURE 2	RESEARCH DESIGN	61
2.1.1	SECONDARY DATA	62
2.1.2	PRIMARY DATA	62
FIGURE 3	CRO SERVICES MARKET: BREAKDOWN OF PRIMARIES	63
2.2	MARKET SIZE ESTIMATION	64
FIGURE 4	MARKET SIZE ESTIMATION—BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF CRO SERVICES IN THE MARKET	64
FIGURE 5	MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS, 2021	64
FIGURE 6	AVERAGE MARKET SIZE ESTIMATION, 2021	65
2.3	GROWTH RATE ASSUMPTIONS/GROWTH FORECAST	66
FIGURE 7	CRO SERVICES MARKET: CAGR PROJECTIONS, 2022–2027	67
FIGURE 8	CRO SERVICES MARKET: GROWTH ANALYSIS OF DRIVERS, RESTRAINTS, AND OPPORTUNITIES	67
FIGURE 9	MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH	68
2.4	MARKET BREAKDOWN AND DATA TRIANGULATION	69
FIGURE 10	DATA TRIANGULATION METHODOLOGY	69
2.5	INSIGHTS FROM PRIMARIES	70
FIGURE 11	MARKET VALIDATION FROM PRIMARY EXPERTS	70
2.6	RESEARCH ASSUMPTIONS	70
2.6.1	COVID-19-SPECIFIC ASSUMPTIONS	71
2.7	RISK ANALYSIS	71
3	EXECUTIVE SUMMARY	72
FIGURE 12	CRO SERVICES MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)	72
FIGURE 13	CRO SERVICES MARKET, BY THERAPEUTIC AREA, 
2022 VS. 2027 (USD MILLION)	73
FIGURE 14	CRO SERVICES MARKET, BY END USER, 2022 VS. 2027 (USD MILLION)	74
FIGURE 15	GEOGRAPHICAL SNAPSHOT: CRO SERVICES MARKET	75
4	PREMIUM INSIGHTS	76
4.1	CRO SERVICES MARKET OVERVIEW	76
FIGURE 16	RISING INVESTMENTS IN PHARMACEUTICAL R&D TO DRIVE MARKET GROWTH	76
4.2	NORTH AMERICA: CRO SERVICES MARKET SHARE,  BY SERVICE & COUNTRY (2021)	77
FIGURE 17	CLINICAL RESEARCH SERVICES SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE NORTH AMERICAN CRO SERVICES MARKET IN 2021	77
4.3	CRO SERVICES MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)	78
FIGURE 18	CLINICAL RESEARCH SERVICES SEGMENT TO CONTINUE TO DOMINATE THE MARKET IN 2027	78
4.4	CRO SERVICES MARKET SHARE, BY END USER, 2021	78
FIGURE 19	PHARMACEUTICAL & BIOPHARMACEUTICAL COMPANIES SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2021	78
4.5	CRO SERVICES MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES	79
FIGURE 20	ASIA PACIFIC TO REGISTER THE HIGHEST GROWTH IN THE CRO SERVICES MARKET FROM 2022 TO 2027	79
5	MARKET OVERVIEW	80
5.1	INTRODUCTION	80
5.2	MARKET DYNAMICS	80
FIGURE 21	CRO SERVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES	80
TABLE 1	CRO SERVICES MARKET: IMPACT ANALYSIS	81
5.2.1	DRIVERS	81
5.2.1.1	Increasing investment in pharmaceutical R&D	81
FIGURE 22	INCREASE IN GLOBAL PHARMACEUTICAL R&D SPENDING, 2012–2026	82
FIGURE 23	ACTIVE PHARMACEUTICAL PIPELINE, 2011–2021	83
5.2.1.2	Increasing number of clinical trial	83
FIGURE 24	NUMBER OF CLINICAL TRIALS REGISTERED WORLDWIDE  (2000–2021)	83
5.2.1.3	High cost of in-house drug development	84
FIGURE 25	AVERAGE COST TO DEVELOP A PHARMACEUTICAL COMPOUND FROM DISCOVERY TO LAUNCH, 2010–2020 (USD BILLION)	84
5.2.1.4	Rising prevalence of orphan and rare diseases	85
5.2.2	OPPORTUNITIES	85
5.2.2.1	Growth in the drugs and biologics market despite the COVID-19 pandemic	85
FIGURE 26	TOTAL NUMBER OF NEW DRUGS (NEW CHEMICAL ENTITIES AND BIOLOGICS) APPROVED BY THE US FDA (2011–2021)	85
TABLE 2	LIST OF BIOLOGICS APPROVED BY THE US FDA (2021)	86
5.2.2.2	Rising demand for specialized testing services among end users	86
5.2.2.3	Need for novel clinical trial designs for complex cell and gene therapies	87
5.2.3	CHALLENGES	87
5.2.3.1	Shortage of skilled professionals for clinical trials	87
5.2.3.2	Requirement for unique analytical testing approaches for innovative formulations	88
5.2.4	MARKET TRENDS	88
5.2.4.1	Growing adoption of artificial intelligence-based tools for drug discovery	88
5.2.4.2	Increased outsourcing to emerging Asian economies	89
5.2.4.3	CRO industry consolidation	90
TABLE 3	LIST OF ACQUISITIONS	90
5.2.4.4	Integrated end-to-end R&D service solutions	91
5.3	RANGES/SCENARIOS	91
FIGURE 27	SPECTRUM OF SCENARIOS BASED ON THE IMPACT OF UNCERTAINTIES ON THE GROWTH OF THE CRO SERVICES MARKET	91
5.4	IMPACT OF COVID-19 OUTBREAK ON THE CRO SERVICES MARKET	92
FIGURE 28	CRO SERVICES MARKET SCENARIO WITH AND WITHOUT COVID-19 IMPACT, 2019–2021	92
5.5	TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS	94
FIGURE 29	REVENUE SHIFT & NEW POCKETS FOR CRO SERVICE PROVIDERS	94
5.6	PRICING ANALYSIS	94
TABLE 4	AVERAGE SELLING PRICE OF CRO SERVICES, BY REGION (2020)	95
5.7	VALUE CHAIN ANALYSIS	95
FIGURE 30	VALUE CHAIN ANALYSIS OF THE CRO SERVICES MARKET: CLINICAL RESEARCH PHASES ADD MAXIMUM VALUE	96
5.8	ECOSYSTEM ANALYSIS	97
FIGURE 31	ECOSYSTEM ANALYSIS: CRO SERVICES MARKET	97
TABLE 5	SUPPLY CHAIN ECOSYSTEM	98
5.9	TECHNOLOGY ANALYSIS	99
5.10	CASE STUDIES	100
5.10.1	COVANCE FSPX DATA ANALYSIS WAS USED TO DETERMINE THE ELIGIBILITY OF PATIENTS ENROLLED FOR ONCOLOGY CLINICAL TRIALS	100
5.10.2	IQVIA PROVIDES END-TO-END CLINICAL SUPPORT TO SPONSOR	100
5.11	KEY CONFERENCES & EVENTS IN 2022–2023	100
TABLE 6	CRO SERVICES MARKET: DETAILED LIST OF CONFERENCES & EVENTS	100
5.12	REGULATORY ANALYSIS	101
5.12.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	101
TABLE 7	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	101
TABLE 8	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	102
TABLE 9	ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	103
TABLE 10	REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	103
5.13	PORTER’S FIVE FORCES ANALYSIS	107
TABLE 11	CRO SERVICES MARKET: PORTER’S FIVE FORCES ANALYSIS	107
5.13.1	THREAT OF NEW ENTRANTS	107
5.13.2	THREAT OF SUBSTITUTES	107
5.13.3	BARGAINING POWER OF BUYERS	108
5.13.4	BARGAINING POWER OF SUPPLIERS	108
5.13.5	DEGREE OF COMPETITION	108
5.14	KEY STAKEHOLDERS AND BUYING CRITERIA	109
5.14.1	KEY STAKEHOLDERS IN THE BUYING PROCESS	109
FIGURE 32	INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS OF CRO SERVICES	109
5.14.2	BUYING CRITERIA FOR CRO SERVICES	109
FIGURE 33	KEY BUYING CRITERIA FOR END USERS	109
6	CRO SERVICES MARKET, BY TYPE	110
6.1	INTRODUCTION	111
TABLE 12	CRO SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)	111
6.2	CLINICAL RESEARCH SERVICES	111
TABLE 13	NUMBER OF REGISTERED AND RECRUITING CLINICAL STUDIES AS OF MARCH 2022,  BY LOCATION	112
TABLE 14	EXAMPLES OF CLINICAL RESEARCH SERVICES OFFERED BY MARKET PLAYERS	112
FIGURE 34	DRUGS IN PIPELINE, BY DEVELOPMENT PHASE, 2020 VS. 2021	113
TABLE 15	CLINICAL RESEARCH SERVICES MARKET, BY TYPE, 
2020–2027 (USD MILLION)	114
TABLE 16	CLINICAL RESEARCH SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	114
TABLE 17	NORTH AMERICA: CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	114
TABLE 18	EUROPE: CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	115
TABLE 19	ASIA PACIFIC: CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	115
TABLE 20	LATIN AMERICA: CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	115
6.2.1	PHASE III CLINICAL RESEARCH SERVICES	116
6.2.1.1	Rising cost of Phase III trials and high number of patients recruited in these trials to drive the demand for cost-effective CRO services	116
TABLE 21	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE III STUDY	116
TABLE 22	PHASE III CLINICAL RESEARCH SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	117
TABLE 23	NORTH AMERICA: PHASE III CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	117
TABLE 24	EUROPE: PHASE III CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	117
TABLE 25	ASIA PACIFIC: PHASE III CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	118
TABLE 26	LATIN AMERICA: PHASE III CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	118
6.2.2	PHASE II CLINICAL RESEARCH SERVICES	118
6.2.2.1	Long duration of Phase II studies provides growth opportunities for CROs	118
TABLE 27	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE II STUDIES	119
TABLE 28	PHASE II CLINICAL RESEARCH SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	119
TABLE 29	NORTH AMERICA: PHASE II CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	120
TABLE 30	EUROPE: PHASE II CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	120
TABLE 31	ASIA PACIFIC: PHASE II CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	120
TABLE 32	LATIN AMERICA: PHASE II CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	121
6.2.3	PHASE I CLINICAL RESEARCH SERVICES	121
6.2.3.1	Robust pipeline of pharmaceutical companies driving the growth of this market segment	121
TABLE 33	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE I STUDIES	121
TABLE 34	PHASE I CLINICAL RESEARCH SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	122
TABLE 35	NORTH AMERICA: PHASE I CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	122
TABLE 36	EUROPE: PHASE I CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	123
TABLE 37	ASIA PACIFIC: PHASE I CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	123
TABLE 38	LATIN AMERICA: PHASE I CLINICAL RESEARCH SERVICES MARKET, 
BY COUNTRY,  2020–2027 (USD MILLION)	123
6.2.4	PHASE IV CLINICAL RESEARCH SERVICES	124
6.2.4.1	Increasing number of CROs are providing post-marketing surveillance	124
TABLE 39	EXAMPLES OF DRUGS THAT HAVE COMPLETED PHASE IV CLINICAL STUDIES	124
TABLE 40	PHASE IV CLINICAL RESEARCH SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	125
TABLE 41	NORTH AMERICA: PHASE IV CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	125
TABLE 42	EUROPE: PHASE IV CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	125
TABLE 43	ASIA PACIFIC: PHASE IV CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	126
TABLE 44	LATIN AMERICA: PHASE IV CLINICAL RESEARCH SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	126
6.3	EARLY-PHASE DEVELOPMENT SERVICES	126
FIGURE 35	DRUGS IN PIPELINE, BY THERAPEUTIC AREA (2021)	127
TABLE 45	EXAMPLES OF EARLY-PHASE DEVELOPMENT SERVICES OFFERED BY MARKET PLAYERS	127
TABLE 46	EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY TYPE, 
2020–2027 (USD MILLION)	128
TABLE 47	EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	128
TABLE 48	NORTH AMERICA: EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	129
TABLE 49	EUROPE: EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	129
TABLE 50	ASIA PACIFIC: EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	129
TABLE 51	LATIN AMERICA: EARLY-PHASE DEVELOPMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	130
6.3.1	CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES	130
6.3.1.1	CMC services are widely used to check the quality standards of drugs	130
TABLE 52	CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES MARKET, BY REGION,  2020–2027 (USD MILLION)	130
TABLE 53	NORTH AMERICA: CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES MARKET,  BY COUNTRY, 2020–2027 (USD MILLION)	131
TABLE 54	EUROPE: CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	131
TABLE 55	ASIA PACIFIC: CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES MARKET,  BY COUNTRY, 2020–2027 (USD MILLION)	131
TABLE 56	LATIN AMERICA: CHEMISTRY, MANUFACTURING AND CONTROLS SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	132
6.3.2	PRECLINICAL SERVICES	132
TABLE 57	PRECLINICAL SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)	132
TABLE 58	PRECLINICAL SERVICES MARKET, BY REGION, 2020–2027 (USD MILLION)	133
TABLE 59	NORTH AMERICA: PRECLINICAL SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	133
TABLE 60	EUROPE: PRECLINICAL SERVICES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	133
TABLE 61	ASIA PACIFIC: PRECLINICAL SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	134
TABLE 62	LATIN AMERICA: PRECLINICAL SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	134
6.3.2.1	Pharmacokinetics/pharmacodynamics services	134
6.3.2.1.1	Importance of studies to determine the pharmacokinetic behavior of drug candidates is increasing	134
TABLE 63	PHARMACOKINETICS/PHARMACODYNAMICS SERVICES MARKET, BY REGION,  2020–2027 (USD MILLION)	135
TABLE 64	NORTH AMERICA: PHARMACOKINETICS/PHARMACODYNAMICS SERVICES MARKET,  BY COUNTRY, 2020–2027 (USD MILLION)	135
TABLE 65	EUROPE: PHARMACOKINETICS/PHARMACODYNAMICS SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	136
TABLE 66	ASIA PACIFIC: PHARMACOKINETICS/PHARMACODYNAMICS SERVICES MARKET,  BY COUNTRY, 2020–2027 (USD MILLION)	136
TABLE 67	LATIN AMERICA: PHARMACOKINETICS/PHARMACODYNAMICS SERVICES MARKET,  BY COUNTRY, 2020–2027 (USD MILLION)	136
6.3.2.2	Toxicology testing services	137
6.3.2.2.1	Demand for toxicology testing is increasing to prevent late-stage failures	137
TABLE 68	TOXICOLOGY TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	137
TABLE 69	NORTH AMERICA: TOXICOLOGY TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	138
TABLE 70	EUROPE: TOXICOLOGY TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	138
TABLE 71	ASIA PACIFIC: TOXICOLOGY TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	138
TABLE 72	LATIN AMERICA: TOXICOLOGY TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	139
6.3.2.3	Other preclinical services	139
TABLE 73	OTHER PRECLINICAL SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	139
TABLE 74	NORTH AMERICA: OTHER PRECLINICAL SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	140
TABLE 75	EUROPE: OTHER PRECLINICAL SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	140
TABLE 76	ASIA PACIFIC: OTHER PRECLINICAL SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	140
TABLE 77	LATIN AMERICA: OTHER PRECLINICAL SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	141
6.3.3	DISCOVERY STUDIES	141
6.3.3.1	Rising importance of CRO services for target identification and validation to promote segment growth	141
TABLE 78	DISCOVERY STUDIES MARKET, BY REGION, 2020–2027 (USD MILLION)	141
TABLE 79	NORTH AMERICA: DISCOVERY STUDIES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	142
TABLE 80	EUROPE: DISCOVERY STUDIES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	142
TABLE 81	ASIA PACIFIC: DISCOVERY STUDIES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	142
TABLE 82	LATIN AMERICA: DISCOVERY STUDIES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	143
6.4	LABORATORY SERVICES	143
TABLE 83	EXAMPLES OF LABORATORY SERVICES OFFERED BY PROMINENT PLAYERS	143
TABLE 84	LABORATORY SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)	144
TABLE 85	LABORATORY SERVICES MARKET, BY REGION, 2020–2027 (USD MILLION)	144
TABLE 86	NORTH AMERICA: LABORATORY SERVICES MARKET, BY COUNTRY, 
 2020–2027 (USD MILLION)	144
TABLE 87	EUROPE: LABORATORY SERVICES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	145
TABLE 88	ASIA PACIFIC: LABORATORY SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	145
TABLE 89	LATIN AMERICA: LABORATORY SERVICES MARKET, BY COUNTRY, 
 2020–2027 (USD MILLION)	145
6.4.1	ANALYTICAL TESTING SERVICES	146
TABLE 90	ANALYTICAL TESTING SERVICES MARKET, BY TYPE, 
2020–2027 (USD MILLION)	146
TABLE 91	ANALYTICAL TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	146
TABLE 92	NORTH AMERICA: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	147
TABLE 93	EUROPE: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	147
TABLE 94	ASIA PACIFIC: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	147
TABLE 95	LATIN AMERICA: ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)	148
6.4.1.1	Physical characterization services	148
6.4.1.1.1	Demand for physical characterization is increasing to reduce the risk of product failure	148
TABLE 96	PHYSICAL CHARACTERIZATION SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	148
TABLE 97	NORTH AMERICA: PHYSICAL CHARACTERIZATION SERVICES MARKET, 
BY COUNTRY, 2020–2027 (USD MILLION)	149
TABLE 98	EUROPE: PHYSICAL CHARACTERIZATION SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	149
TABLE 99	ASIA PACIFIC: PHYSICAL CHARACTERIZATION SERVICES MARKET,
 BY COUNTRY,  2020–2027 (USD MILLION)	149
TABLE 100	LATIN AMERICA: PHYSICAL CHARACTERIZATION SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	150
6.4.1.2	Raw material testing services	150
6.4.1.2.1	Demand for raw material testing services is increasing to ensure the quality and purity of raw materials	150
TABLE 101	RAW MATERIAL TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	150
TABLE 102	NORTH AMERICA: RAW MATERIAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	151
TABLE 103	EUROPE: RAW MATERIAL TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	151
TABLE 104	ASIA PACIFIC: RAW MATERIAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	151
TABLE 105	LATIN AMERICA: RAW MATERIAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	152
6.4.1.3	Batch release testing services	152
6.4.1.3.1	Comprehensive portfolio of batch release testing services offered by CROs to propel segment growth	152
TABLE 106	BATCH RELEASE TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	152
TABLE 107	NORTH AMERICA: BATCH RELEASE TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	153
TABLE 108	EUROPE: BATCH RELEASE TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	153
TABLE 109	ASIA PACIFIC: BATCH RELEASE TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	153
TABLE 110	LATIN AMERICA: BATCH RELEASE TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	154
6.4.1.4	Stability testing services	154
6.4.1.4.1	Stability testing is used to ensure the long-term quality, safety, and efficacy of pharmaceutical products	154
TABLE 111	STABILITY TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	155
TABLE 112	NORTH AMERICA: STABILITY TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	155
TABLE 113	EUROPE: STABILITY TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	155
TABLE 114	ASIA PACIFIC: STABILITY TESTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	156
TABLE 115	LATIN AMERICA: STABILITY TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	156
6.4.1.5	Other analytical testing services	156
TABLE 116	OTHER ANALYTICAL TESTING SERVICES MARKET, BY REGION,  
2020–2027 (USD MILLION)	157
TABLE 117	NORTH AMERICA: OTHER ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	157
TABLE 118	EUROPE: OTHER ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	157
TABLE 119	ASIA PACIFIC: OTHER ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	158
TABLE 120	LATIN AMERICA: OTHER ANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	158
6.4.2	BIOANALYTICAL TESTING SERVICES	158
6.4.2.1	Demand for bioanalytical testing has increased due to the growing use of macromolecules and biosimilars	158
TABLE 121	BIOANALYTICAL TESTING SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	159
TABLE 122	NORTH AMERICA: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	159
TABLE 123	EUROPE: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY, 
 2020–2027 (USD MILLION)	159
TABLE 124	ASIA PACIFIC: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	160
TABLE 125	LATIN AMERICA: BIOANALYTICAL TESTING SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	160
6.5	CONSULTING SERVICES	160
6.5.1	ADOPTION OF CONSULTING SERVICES IS INCREASING FOR QUALITY ASSURANCE PURPOSES	160
TABLE 126	CONSULTING SERVICES MARKET, BY REGION, 2020–2027 (USD MILLION)	161
TABLE 127	NORTH AMERICA: CONSULTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	161
TABLE 128	EUROPE: CONSULTING SERVICES MARKET, BY COUNTRY, 
2020–2027 (USD MILLION)	162
TABLE 129	ASIA PACIFIC: CONSULTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	162
TABLE 130	LATIN AMERICA: CONSULTING SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	162
6.6	DATA MANAGEMENT SERVICES	163
6.6.1	DATA MANAGEMENT SERVICES EXPECTED TO RECORD THE HIGHEST CAGR DURING THE FORECAST PERIOD	163
TABLE 131	EXAMPLES OF DATA MANAGEMENT SERVICES OFFERED BY PROMINENT PLAYERS	163
TABLE 132	DATA MANAGEMENT SERVICES MARKET, BY REGION, 
2020–2027 (USD MILLION)	164
TABLE 133	NORTH AMERICA: DATA MANAGEMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	164
TABLE 134	EUROPE: DATA MANAGEMENT SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	164
TABLE 135	ASIA PACIFIC: DATA MANAGEMENT SERVICES MARKET, BY COUNTRY,  
2020–2027 (USD MILLION)	165
TABLE 136	LATIN AMERICA: DATA MANAGEMENT SERVICES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)	165
7	CRO SERVICES MARKET, BY THERAPEUTIC AREA	166
7.1	INTRODUCTION	167
TABLE 137	CRO SERVICES MARKET, BY THERAPEUTIC AREA, 2020–2027 (USD MILLION)	167
7.2	ONCOLOGY	168
FIGURE 36	GLOBAL CANCER INCIDENCE, BY CANCER TYPE (2020)	168
FIGURE 37	NUMBER OF ONCOLOGY CLINICAL TRIALS STARTED GLOBALLY FROM  
2011 TO 2021 (IN THOUSAND)	169
TABLE 138	LIST OF FDA DRUGS APPROVED FOR ONCOLOGY (2021)	169
TABLE 139	CRO SERVICES MARKET FOR ONCOLOGY, BY TYPE, 
2020–2027 (USD MILLION)	170
TABLE 140	CRO SERVICES MARKET FOR ONCOLOGY, BY REGION, 
2020–2027 (USD MILLION)	170
TABLE 141	NORTH AMERICA: CRO SERVICES MARKET FOR ONCOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	170
TABLE 142	EUROPE: CRO SERVICES MARKET FOR ONCOLOGY, BY COUNTRY,  
2020–2027 (USD MILLION)	171
TABLE 143	ASIA PACIFIC: CRO SERVICES MARKET FOR ONCOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	171
TABLE 144	LATIN AMERICA: CRO SERVICES MARKET FOR ONCOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	171
7.2.1	BREAST CANCER	172
7.2.1.1	Breast cancer is the most prevalent cancer	172
TABLE 145	CRO SERVICES MARKET FOR BREAST CANCER, BY REGION, 
2020–2027 (USD MILLION)	172
TABLE 146	NORTH AMERICA: CRO SERVICES MARKET FOR BREAST CANCER, 
BY COUNTRY,  2020–2027 (USD MILLION)	172
TABLE 147	EUROPE: CRO SERVICES MARKET FOR BREAST CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	173
TABLE 148	ASIA PACIFIC: CRO SERVICES MARKET FOR BREAST CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	173
TABLE 149	LATIN AMERICA: CRO SERVICES MARKET FOR BREAST CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	173
7.2.2	LUNG CANCER	174
7.2.2.1	Drug approvals indicate increasing research against lung cancer	174
TABLE 150	CRO SERVICES MARKET FOR LUNG CANCER, BY REGION, 
2020–2027 (USD MILLION)	174
TABLE 151	NORTH AMERICA: CRO SERVICES MARKET FOR LUNG CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	174
TABLE 152	EUROPE: CRO SERVICES MARKET FOR LUNG CANCER, BY COUNTRY,  
2020–2027 (USD MILLION)	175
TABLE 153	ASIA PACIFIC: CRO SERVICES MARKET FOR LUNG CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	175
TABLE 154	LATIN AMERICA: CRO SERVICES MARKET FOR LUNG CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	175
7.2.3	COLORECTAL CANCER	176
7.2.3.1	Increasing number of clinical trials on treatments against colorectal cancer to drive segment growth	176
TABLE 155	CRO SERVICES MARKET FOR COLORECTAL CANCER, BY REGION,  
2020–2027 (USD MILLION)	176
TABLE 156	NORTH AMERICA: CRO SERVICES MARKET FOR COLORECTAL CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	176
TABLE 157	EUROPE: CRO SERVICES MARKET FOR COLORECTAL CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	177
TABLE 158	ASIA PACIFIC: CRO SERVICES MARKET FOR COLORECTAL CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	177
TABLE 159	LATIN AMERICA: CRO SERVICES MARKET FOR COLORECTAL CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	177
7.2.4	PROSTATE CANCER	178
7.2.4.1	Increasing research initiatives on prostate cancer to drive segment growth	178
TABLE 160	CRO SERVICES MARKET FOR PROSTATE CANCER, BY REGION,  
2020–2027 (USD MILLION)	178
TABLE 161	NORTH AMERICA: CRO SERVICES MARKET FOR PROSTATE CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	178
TABLE 162	EUROPE: CRO SERVICES MARKET FOR PROSTATE CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	179
TABLE 163	ASIA PACIFIC: CRO SERVICES MARKET FOR PROSTATE CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	179
TABLE 164	LATIN AMERICA: CRO SERVICES MARKET FOR PROSTATE CANCER, BY COUNTRY,  2020–2027 (USD MILLION)	179
7.2.5	OTHER CANCERS	180
TABLE 165	CRO SERVICES MARKET FOR OTHER CANCERS, BY REGION, 
2020–2027 (USD MILLION)	180
TABLE 166	NORTH AMERICA: CRO SERVICES MARKET FOR OTHER CANCERS, BY COUNTRY,  2020–2027 (USD MILLION)	180
TABLE 167	EUROPE: CRO SERVICES MARKET FOR OTHER CANCERS, BY COUNTRY,  2020–2027 (USD MILLION)	181
TABLE 168	ASIA PACIFIC: CRO SERVICES MARKET FOR OTHER CANCERS, BY COUNTRY,  2020–2027 (USD MILLION)	181
TABLE 169	LATIN AMERICA: CRO SERVICES MARKET FOR OTHER CANCERS, BY COUNTRY,  2020–2027 (USD MILLION)	181
7.3	INFECTIOUS DISEASES	182
7.3.1	EPIDEMIC OUTBREAKS ARE NECESSITATING INCREASING DRUG DISCOVERY ACTIVITIES	182
TABLE 170	CRO SERVICES MARKET FOR INFECTIOUS DISEASES, BY REGION,  
2020–2027 (USD MILLION)	182
TABLE 171	NORTH AMERICA: CRO SERVICES MARKET FOR INFECTIOUS DISEASES, BY COUNTRY,  2020–2027 (USD MILLION)	182
TABLE 172	EUROPE: CRO SERVICES MARKET FOR INFECTIOUS DISEASES, BY COUNTRY,  2020–2027 (USD MILLION)	183
TABLE 173	ASIA PACIFIC: CRO SERVICES MARKET FOR INFECTIOUS DISEASES, BY COUNTRY,  2020–2027 (USD MILLION)	183
TABLE 174	LATIN AMERICA: CRO SERVICES MARKET FOR INFECTIOUS DISEASES, BY COUNTRY,  2020–2027 (USD MILLION)	183
7.4	CARDIOVASCULAR SYSTEM DISORDERS	184
7.4.1	HIGH MORTALITY RATES DRIVING PHARMACEUTICAL COMPANIES TO DEVELOP NEW TREATMENT OPTIONS	184
TABLE 175	LIST OF PIPELINE DRUGS FOR CARDIOVASCULAR DISEASES (2021)	184
TABLE 176	CRO SERVICES MARKET FOR CARDIOVASCULAR SYSTEM DISORDERS, BY REGION, 2020–2027 (USD MILLION)	185
TABLE 177	NORTH AMERICA: CRO SERVICES MARKET FOR CARDIOVASCULAR SYSTEM DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	185
TABLE 178	EUROPE: CRO SERVICES MARKET FOR CARDIOVASCULAR SYSTEM DISORDERS,  BY COUNTRY, 2020–2027 (USD MILLION)	185
TABLE 179	ASIA PACIFIC: CRO SERVICES MARKET FOR CARDIOVASCULAR SYSTEM DISORDERS,  BY COUNTRY, 2020–2027 (USD MILLION)	186
TABLE 180	LATIN AMERICA: CRO SERVICES MARKET FOR CARDIOVASCULAR SYSTEM DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	186
7.5	NEUROLOGY	186
7.5.1	INCREASING INVESTMENT IN R&D AND GRANTS FOR NEUROLOGICAL DISORDERS TO DRIVE SEGMENT GROWTH	186
TABLE 181	LIST OF PIPELINE DRUGS FOR NEUROLOGICAL DISORDERS (2021)	187
TABLE 182	CRO SERVICES MARKET FOR NEUROLOGY, BY REGION, 
2020–2027 (USD MILLION)	188
TABLE 183	NORTH AMERICA: CRO SERVICES MARKET FOR NEUROLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	188
TABLE 184	EUROPE: CRO SERVICES MARKET FOR NEUROLOGY, BY COUNTRY,  
2020–2027 (USD MILLION)	188
TABLE 185	ASIA PACIFIC: CRO SERVICES MARKET FOR NEUROLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	189
TABLE 186	LATIN AMERICA: CRO SERVICES MARKET FOR NEUROLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	189
7.6	VACCINES	189
7.6.1	INCREASING INVESTMENTS IN VACCINE R&D TO DRIVE SEGMENT GROWTH	189
TABLE 187	CRO SERVICES MARKET FOR VACCINES, BY REGION, 
2020–2027 (USD MILLION)	190
TABLE 188	NORTH AMERICA: CRO SERVICES MARKET FOR VACCINES, BY COUNTRY,  2020–2027 (USD MILLION)	190
TABLE 189	EUROPE: CRO SERVICES MARKET FOR VACCINES, BY COUNTRY,  
2020–2027 (USD MILLION)	190
TABLE 190	ASIA PACIFIC: CRO SERVICES MARKET FOR VACCINES, BY COUNTRY,  
2020–2027 (USD MILLION)	191
TABLE 191	LATIN AMERICA: CRO SERVICES MARKET FOR VACCINES, BY COUNTRY,  2020–2027 (USD MILLION)	191
7.7	METABOLIC DISORDERS/ENDOCRINOLOGY	191
7.7.1	INCREASING GLOBAL DIABETES POPULATION EXPECTED TO DRIVE SEGMENT GROWTH	191
FIGURE 38	ESTIMATED NUMBER OF INDIVIDUALS WITH DIABETES,  
2000–2045 (MILLION)	192
TABLE 192	CRO SERVICES MARKET FOR METABOLIC DISORDERS/ENDOCRINOLOGY, BY REGION, 2020–2027 (USD MILLION)	192
TABLE 193	NORTH AMERICA: CRO SERVICES MARKET FOR METABOLIC DISORDERS/ENDOCRINOLOGY, BY COUNTRY, 2020–2027 (USD MILLION)	193
TABLE 194	EUROPE: CRO SERVICES MARKET FOR METABOLIC DISORDERS/ENDOCRINOLOGY,  BY COUNTRY, 2020–2027 (USD MILLION)	193
TABLE 195	ASIA PACIFIC: CRO SERVICES MARKET FOR METABOLIC DISORDERS/ENDOCRINOLOGY, BY COUNTRY, 2020–2027 (USD MILLION)	193
TABLE 196	LATIN AMERICA: CRO SERVICES MARKET FOR METABOLIC DISORDERS/ENDOCRINOLOGY, BY COUNTRY, 2020–2027 (USD MILLION)	194
7.8	IMMUNOLOGICAL DISORDERS	194
7.8.1	GROWING DRUGS PIPELINE FOR IMMUNOLOGICAL DISORDERS TO DRIVE SEGMENT GROWTH	194
TABLE 197	CRO SERVICES MARKET FOR IMMUNOLOGICAL DISORDERS, BY REGION,  2020–2027 (USD MILLION)	194
TABLE 198	NORTH AMERICA: CRO SERVICES MARKET FOR IMMUNOLOGICAL DISORDERS,  BY COUNTRY, 2020–2027 (USD MILLION)	195
TABLE 199	EUROPE: CRO SERVICES MARKET FOR IMMUNOLOGICAL DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	195
TABLE 200	ASIA PACIFIC: CRO SERVICES MARKET FOR IMMUNOLOGICAL DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	195
TABLE 201	LATIN AMERICA: CRO SERVICES MARKET FOR IMMUNOLOGICAL DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	196
7.9	PSYCHIATRY	196
7.9.1	RISING INCIDENCE OF PSYCHIATRIC DISORDERS TO PROPEL SEGMENT GROWTH	196
TABLE 202	CRO SERVICES MARKET FOR PSYCHIATRY, BY REGION, 
2020–2027 (USD MILLION)	196
TABLE 203	NORTH AMERICA: CRO SERVICES MARKET FOR PSYCHIATRY, BY COUNTRY,  2020–2027 (USD MILLION)	197
TABLE 204	EUROPE: CRO SERVICES MARKET FOR PSYCHIATRY, BY COUNTRY,  
2020–2027 (USD MILLION)	197
TABLE 205	ASIA PACIFIC: CRO SERVICES MARKET FOR PSYCHIATRY, BY COUNTRY,  2020–2027 (USD MILLION)	197
TABLE 206	LATIN AMERICA: CRO SERVICES MARKET FOR PSYCHIATRY, BY COUNTRY,  2020–2027 (USD MILLION)	198
7.10	RESPIRATORY DISORDERS	198
7.10.1	INCREASING PREVALENCE OF RESPIRATORY DISORDERS TO SUPPORT SEGMENT GROWTH	198
TABLE 207	LIST OF PIPELINE DRUGS FOR RESPIRATORY DISEASES (2021)	198
TABLE 208	CRO SERVICES MARKET FOR RESPIRATORY DISORDERS, BY REGION,  
2020–2027 (USD MILLION)	199
TABLE 209	NORTH AMERICA: CRO SERVICES MARKET FOR RESPIRATORY DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	199
TABLE 210	EUROPE: CRO SERVICES MARKET FOR RESPIRATORY DISORDERS, BY COUNTRY,  2020–2027 (USD MILLION)	200
TABLE 211	ASIA PACIFIC: CRO SERVICES MARKET FOR RESPIRATORY DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	200
TABLE 212	LATIN AMERICA: CRO SERVICES MARKET FOR RESPIRATORY DISORDERS, BY COUNTRY, 2020–2027 (USD MILLION)	200
7.11	DERMATOLOGY	201
7.11.1	INCREASING PREVALENCE OF SKIN DISORDERS TO PROPEL SEGMENT GROWTH	201
TABLE 213	LIST OF PIPELINE DRUGS FOR SKIN DISEASES (2021)	201
TABLE 214	CRO SERVICES MARKET FOR DERMATOLOGY, BY REGION, 
2020–2027 (USD MILLION)	202
TABLE 215	NORTH AMERICA: CRO SERVICES MARKET FOR DERMATOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	202
TABLE 216	EUROPE: CRO SERVICES MARKET FOR DERMATOLOGY, BY COUNTRY,  
2020–2027 (USD MILLION)	202
TABLE 217	ASIA PACIFIC: CRO SERVICES MARKET FOR DERMATOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	203
TABLE 218	LATIN AMERICA: CRO SERVICES MARKET FOR DERMATOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	203
7.12	OPHTHALMOLOGY	203
7.12.1	GROWING NEED FOR OPHTHALMOLOGY-RELATED CLINICAL TRIALS TO DRIVE SEGMENT GROWTH	203
TABLE 219	CRO SERVICES MARKET FOR OPHTHALMOLOGY, BY REGION, 
2020–2027 (USD MILLION)	204
TABLE 220	NORTH AMERICA: CRO SERVICES MARKET FOR OPHTHALMOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	204
TABLE 221	EUROPE: CRO SERVICES MARKET FOR OPHTHALMOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	204
TABLE 222	ASIA PACIFIC: CRO SERVICES MARKET FOR OPHTHALMOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	205
TABLE 223	LATIN AMERICA: CRO SERVICES MARKET FOR OPHTHALMOLOGY, BY COUNTRY,  2020–2027 (USD MILLION)	205
7.13	GASTROINTESTINAL DISEASES	205
7.13.1	RISING INCIDENCE OF GASTROINTESTINAL DISEASES TO PROPEL SEGMENT GROWTH	205
TABLE 224	CRO SERVICES MARKET FOR GASTROINTESTINAL DISEASES, BY REGION,  2020–2027 (USD MILLION)	206
TABLE 225	NORTH AMERICA: CRO SERVICES MARKET FOR GASTROINTESTINAL DISEASES,  BY COUNTRY, 2020–2027 (USD MILLION)	206
TABLE 226	EUROPE: CRO SERVICES MARKET FOR GASTROINTESTINAL DISEASES, BY COUNTRY, 2020–2027 (USD MILLION)	206
TABLE 227	ASIA PACIFIC: CRO SERVICES MARKET FOR GASTROINTESTINAL DISEASES, BY COUNTRY, 2020–2027 (USD MILLION)	207
TABLE 228	LATIN AMERICA: CRO SERVICES MARKET FOR GASTROINTESTINAL DISEASES,  BY COUNTRY, 2020–2027 (USD MILLION)	207
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