Free press releases distribution network?

Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Specialty Pharma and Biotechnology Drive Contract Research Organizations’ Growth - Biotechnology remains the strongest driver of incremental Contract Research Organization (CRO) revenue growth, followed by specialty pharmaceuticals and niche/startup pharmaceuticals
Specialty Pharma and Biotechnology Drive Contract Research Organizations’ Growth

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2008/11/26 - Biotechnology remains the strongest driver of incremental Contract Research Organization (CRO) revenue growth, followed by specialty pharmaceuticals and niche/startup pharmaceuticals.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Pharma/BioTech/Nutrition Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Greater growth potential exists for CROs in early stage work with increased potential for outsourcing, especially in areas such as toxicology studies where outsourcing penetration is lower. Several CROs are adding early stage capabilities to garner a greater share of outsourcing within this market segment. Companies looking to expand and capitalize on these opportunities, however, expect to increase capital expenditure and build new facilities or acquire them.

Frost & Sullivan (pharma.frost.com) finds that the U.S. CRO market earned revenues of $9.77 billion in 2008 and estimates this to reach $23.78 billion in 2015.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the U.S. CRO market, please send an email to Johanna Haynes, Corporate Communications, at johanna.haynes[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

The U.S. CRO market has witnessed strong double digit growth since 2003 and expects strong growth through the forecast period. Before 2003, the market witnessed a sharp drop in growth rates between 1998 and 2002 due to several mergers and acquisitions that led to a decrease in outsourcing relationships of the newly merged entities. There was also a significant slowdown in biotechnology funding from the meltdown of global markets.

The markets, however, have since recovered strongly and consistently added over $1.50 billion in incremental revenues each year. This increase in incremental revenue is primarily driven by growth in R&D spending and the subsequent increase in outsourcing penetration.

There is a strong demand for early stage services from the supply side (R&D spending) that could translate to higher business for CROs if their services are positioned to meet the demand and requirements of sponsors.

As CROs continue to expand their global presence, they must ensure closer coordination with IT vendors to ensure the systems are in-line with the rapidly changing requirements of the market. Also, moving forward we are likely to witness a greater role for CROs in deciding on the IT systems and platforms to invest in as the decision making moves away from sponsors.

“With rising competition and fragmentation of the CRO market, these organizations witness lower margins for contracts,” continues Shankar. “For this reason, translation of a strong backlog into revenues over time is likely to be more challenging than before, especially as CROs have not been able to match the growth of backlog with revenue growth.”

One of the most significant trends within the U.S., as well as global CRO markets, is the move from transactional to strategic outsourcing by sponsors. The fact that the CRO market growth has consistently outpaced R&D spending growth is an indicator that outsourcing penetration is on the rise. It is also interesting to note there have been several preferred partner announcements, the Covance-Eli Lilly partnership being the most recent and interesting one.

More deals expect to be announced, signifying a move from a transactional relationship to a more strategic-based relationship between CROs and sponsors. These types of partnerships are driven by the fact that despite significant increases in R&D spending, the number of new drug approvals is at a historic low.

U.S. CRO Market is part of the Pharmaceuticals and Biotechnology subscription, which also includes research in the following markets: U.S. Clinical Trials Management Systems Markets, Global Biopharmaceutical Contract Manufacturing Market, Global CRO Spending Trends, and Strategic Analysis of Opportunities in the CRO Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting, and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates, and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

U.S. CRO Market
N36D

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Pharma/BioTech/Nutrition Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 

 
  Your Banner Ad showing on ALL
Pharma/BioTech/Nutrition articles,
CATCH Visitors via Your Competitors Announcements!


Specialty Pharma and Biotechnology Drive Contract Research Organizations’ Growth

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan |
Contact: Johanna Haynes 
210.247.3870 johanna.haynes[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Pharma/BioTech/Nutrition via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Pharma/BioTech/Nutrition Most Recent Related Press Releases:

Frost & Sullivan Commends Nemaura for Developing Superior Transdermal Drug Delivery Technology Platforms, the Memspatch and Micropatch
Greenphire Sponsors Second Annual Clinical Trial Agreements, Investigator Payments and Fair Market Value Meeting
Genentech’s Gazyva Helped People with Previously Untreated Follicular Lymphoma Live Significantly Longer
BD Announces Adoption of Windows 10 ‘Internet of Things’ for the Pyxis™ ES System
Greenphire Named to Deloitte 2016 Technology Fast 500™
Genentech Showcases New Clinical Data Across a Variety of Blood Diseases at American Society of Hematology 2016 Annual Meeting
BD Collaborates with JDRF to Focus on Extended Wear Innovations for Insulin Infusion Delivery
BD Launches First Syringe Designed for Use with Humulin® R U-500 Insulin
MDxHealth Announces Unique CPT Code Awarded for ConfirmMDx from the American Medical Association
BD MAX™ Vaginal Panel Receives FDA Market Authorization to Detect Most Common Causes of Vaginal Infections

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today