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 |
|---|---|---|---|---|
| GVK Biosciences | View profile | 1001-5000 | Hyderabad, Andhra Pradesh, India, Asia | http://www.gvkbio.com/ |
| Caidya | View profile | 1001-5000 | Morrisville, North Carolina, United States, North America | https://www.caidya.com |
| Pharmaron Beijing Co Ltd Ordinary Shares - Class H | View profile | 20295 | No. 248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, Hong Kong | https://www.pharmaron.com |
| Worldwide Clinical Trials | View profile | 1001-5000 | Morrisville, North Carolina, United States, North America | https://www.worldwide.com |
| Dassault Systemes SE | View profile | 23811 | 10, Rue Marcel Dassault, Velizy-Villacoublay, France, 78140 | https://www.3ds.com |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.parexel.com |
| SGS AG | View profile | 103193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | https://www.sgs.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| Wuxi AppTec Co Ltd | View profile | 41116 | 288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, China, People's Republic of, 200131 | https://www.wuxiapptec.com |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Charles River Laboratories International Inc | View profile | 21400 | 251 Ballardvale Street, Wilmington, MA, United States, 01887 | https://www.criver.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
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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Our clientele includes a mix of healthcare contract research organization market companies, investment firms, advisory firms & academic institutions.
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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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