A contract research organization (CRO) is a company that provides a range of research and development services to the pharmaceutical, biotechnology, and medical device industries.
CROs offer a variety of services, including preclinical and clinical trial management, data management, and laboratory testing.
Many CROs are located in the United States and play an important role in helping companies conduct research and bring new medical treatments to market.
CROs in the USA is a large and dynamic industry. According to a report by MarketsandMarkets, CROs in the USA market are expected to reach $64.6 billion by 2025, growing at a CAGR of 7.3% during the forecast period.
The growth of the CROs in the USA is driven by a number of factors, including an increase in the number of clinical trials being conducted, a shift towards outsourcing R&D activities, and a rise in the number of new drug approvals.
The market is highly competitive, with a large number of CROs operating in the United States.
Top 10 CROs in the USA:
ICON is one of the global CROs in the USA that provides a range of services to the pharmaceutical, biotechnology, and medical device industries. The company has had headquarters in Dublin, Ireland, since its foundation in 1990.
It operates in over 40 countries worldwide. In the United States, ICON has offices in several locations, including San Francisco, California, and Philadelphia, Pennsylvania. The company offers a wide range of services, including clinical trial management, regulatory affairs, and data management. In 2021, ICON won CRO leadership awards in five different categories.
This CRO in the USA has headquarters in Danbury, Connecticut, and operates in over 100 countries worldwide. In the United States, IQVIA has a significant presence, with offices in many locations across the country.
The company offers a range of services, including advanced analytics, technology solutions, and clinical research services to the life sciences industry.
Through analytics, game-changing technologies, big data resources, and in-depth topic knowledge, IQVIA forges intelligent linkages across all facets of healthcare.
Medpace offers Phase I-IV clinical development services to the biotechnology, pharmaceutical, and medical device sectors. This CRO in the USA is headquartered in Cincinnati, Ohio, and has offices.
Numerous honors have been awarded to Medpace, including the recognition by Forbes as one of America’s Best Mid-Sized Companies in 2022 and 2021.
Through its high-science and disciplined operating approach, it leverages local regulatory and profound therapeutic expertise across all key areas including oncology, cardiology, metabolic disease, endocrinology, central nervous system, and anti-viral and anti-infective.
Parexel is headquartered in Waltham, Massachusetts, and has offices and research centers in several countries around the world. Parexel was awarded the 2022 Global Customer Value Leadership Award by Frost & Sullivan for its outstanding capabilities, knowledge, and patient recruiting and retention techniques.
Parexel has been recognized for providing its clients with the greatest decentralized trial experience.
The company dominates at least four industries in the USA, including contract pharmaceutical research services, clinical trial support services, scientific research & development, and contract research organizations.
5. Syneos Health
Syneos Health is a CRO in the USA headquartered in Morrisville, North Carolina, and has offices and research centers in several countries around the world. It has a strong reputation in the industry and has been recognized for its high-quality services and expertise.
In order to respond to contemporary market realities, they have strategically integrated clinical development, medical affairs, and commercial capabilities. This CRO provides clinical research services from Phase I to Phase IV including full-service international trials, clinical monitoring, patient and investigator recruitment, data administration, and other services.
6. Pharmaceutical Product Development (PPD)
Pharmaceutical Product Development (PPD) is one of the top CROs founded in 1985, based in Wilmington, North Carolina, and has conducted its clinical trials in more than 100 countries.
This CRO provides full services such as; integrated drug development, laboratory, and lifecycle management. PPD offers proven solutions to ensure a company’s product success from early development to phase II-III to pharmacovigilance to peri- and post-approval services.
7. PRA Health Sciences
PRA Health Sciences is a CRO founded in Virginia, USA in 1976. Later, the company was acquired by ICON in 2021 which is also one of the top CROs in the USA.
This CRO provides a range of services, including asset valuation, regulatory and drug development consulting, risk-based monitoring, site identification and selection, medical writing, validation, commercialization, data management, statistical analysis, and clinical pharmacology.
Oncology, immunology, central nervous system, inflammation, respiratory, cardiometabolic, and infectious disorders are among the therapeutic specialties it offers.
Kiecana Clinical Research (KCR) was founded in 1997 and had headquarters in Krakow, Poland. KCR provides its service in three main areas and that is trial execution, consulting, and placement.
It opened its headquarters in Boston, USA in 2017. KCR was awarded an iF Design Award for their work on the NGO’s website along with The Story.
Their geographical reach is in more than 25 nations, and state-of-the-art technical capabilities and customized products enable the most effective delivery of solutions to create life-altering cures.
9. Labcorp Drug Development
Labcorp Drug Development is a subsidiary of LabCorp, a leading global life sciences company. Labcorp Drug Development offers various services, including clinical trial management, preclinical services, postmarketing solutions, chemical product testing, crop protection, medical devices, and data technology.
The company has a strong presence in the United States, with offices and research centers located across the country. Labcorp Drug Development caters to more than 160 million patients every year.
10. Fisher Clinical Services
Fisher Clinical Services is a subsidiary of Thermo Fisher Scientific, a global leader in life sciences. Fisher Clinical Services provides a range of services, including clinical trial management, regulatory affairs, and supply chain management.
The company has a strong presence in the United States, with more than 65 locations around the world. They offer pharma and biotech enterprises of all sizes immediate access to a global network of facilities and expertise across the Americas, Europe, Asia, and Australia.
They provide various services such as API, biologics, viral vectors, cGMP plasmids, formulation, clinical trial solutions, logistical services, and commercial manufacture and packaging.
Scope of CRO’s in the USA and global market
The CRO industry in the USA is large and growing, with the market expected to reach $64.6 billion by 2025.
These CROs in the USA offer a range of services and work with clients to bring new medical treatments to market. By 2027, the global service market for CROs is expected to reach USD 115.1 billion.
The CRO industry in the United States and the world is expected to continue growing in the coming years.
A number of factors are driving this growth, including an increase in the number of clinical trials being conducted, a shift towards outsourcing research and development (R&D) activities, and a rise in the number of new drug approvals.
Additionally, the ongoing COVID-19 pandemic has led to an increase in demand for CRO services, as many companies have turned to CROs to help them conduct clinical trials and bring new medical treatments to market in a timely manner.