Thailand Healthcare Contract Research Organization Market Size & Outlook
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Thailand healthcare contract research organization market highlights
- The Thailand healthcare contract research organization market generated a revenue of USD 1,740.2 million in 2023 and is expected to reach USD 3,102.1 million by 2030.
- The Thailand market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, clinical was the largest revenue generating type in 2023.
- Pre-Clinical is the most lucrative type segment registering the fastest growth during the forecast period.
Healthcare contract research organization market data book summary
| Market revenue in 2023 | USD 1,740.2 million |
| Market revenue in 2030 | USD 3,102.1 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Pre-Clinical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drug Discovery, Pre-Clinical, Clinical |
| Key market players worldwide | Icon PLC, Charles River Laboratories International Inc, IQVIA Holdings Inc, GVK Biosciences, Labcorp Holdings Inc, Thermo Fisher Scientific Inc, PAREXEL, Dassault Systemes SE, Pharmaron Beijing Co Ltd Ordinary Shares - Class H, SGS AG, Worldwide Clinical Trials, Wuxi AppTec Co Ltd, Caidya |
Other key industry trends
- In terms of revenue, Thailand accounted for 3.4% of the global healthcare contract research organization market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan healthcare contract research organization market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,181.3 million by 2030.
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Healthcare Contract Research Organization Market Scope
Healthcare Contract Research Organization Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand healthcare contract research organization market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare contract research organization market will help companies and investors design strategic landscapes.
Clinical was the largest segment with a revenue share of 75.73% in 2023. Horizon Databook has segmented the Thailand healthcare contract research organization market based on drug discovery, pre-clinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
The market growth in Thailand can be attributed to significant R&D spending and the presence of major early-stage development CROs, such as Charles River Laboratories and Envigo.
However, pharmaceutical companies may choose to outsource preclinical trials to CROs in EU member states to access a larger market and decrease costs by complying with the regulatory structure prevalent across the EU.
This may limit the growth in the healthcare CRO market to a certain extent. However, the changing landscape of drug discovery in Thailand is leading to an increase in demand for preclinical trial outsourcing in the country.
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Target buyers of Thailand healthcare contract research organization market databook
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Our clientele includes a mix of healthcare contract research organization market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Thailand healthcare contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into Thailand healthcare contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand healthcare contract research organization market size, by type, 2018-2030 (US$M)
Thailand Healthcare Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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