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Stock impact report

Global Healthcare CRO Services Market Report 2024-2028 & 2033 Featuring Profiles of Laboratory Corporation of America, IQVIA, Icon, PPD, Wuxi Apptec Co [Yahoo! Finance]

ICON plc - Ordinary Shares (ICLR) 
Last icon plc - ordinary shares earnings: 4/22 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.iconplc.com
Company Research Source: Yahoo! Finance
The healthcare CRO services market has grown strongly in recent years. It will grow from $56.8 billion in 2023 to $61.61 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth witnessed in the historical period can be ascribed to the heightened emphasis on regulatory and medical affairs services provided by CROs, the globalization of clinical trials, the escalating complexity of clinical trials, the digital transformation in clinical trials, and the rising prevalence of chronic diseases. The market is expected to see strong growth in the next few years. It will grow to $85.73 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The anticipated growth in the forecast period can be attributed to the ascent of biologics and cell and gene therapies, a heightened focus on rare diseases, emphasis on cost-effectiveness and speed, an increasing demand for real-world data, a focus on patient-centricity, and the growth of the biopharmaceutical pipeline. Major Show less Read more
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