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Leading global contract research organizations based on revenue 2019

In 2019, the leading contract research organizations worldwide included Laboratory Corporation of America Holdings, IQVIA, and Syneos Health, to name a few. The top company, Laboratory Corporation of America Holdings had 11.6 billion U.S. dollars in revenue during that year. Comparatively, the second company IQVIA generated abou 11 billion U.S. dollars in revenue.

Contract research organizations

Contract research organizations (CROs) are companies that are contracted by larger pharmaceutical companies to manage select aspects of clinical trials. Today, CROs are essential for pharmaceutical research and development. Pharmaceutical companies are spending more money than ever on research and development and there is no indication that spending will decrease in the future. Evidence suggests that CROs will become even more valuable. The clinical CRO market is expected to almost double by 2020. Likewise, it is expected that by 2021 revenue generated by CROs will nearly double the revenue generated by CROs in 2016.

Pharmaceutical research and development

Globally, Roche and Johnson & Johnson will be the top pharmaceutical companies based on their projected research and development spending. There are regional differences in research and development among pharmaceutical companies. Of all pharmaceutical companies globally those based in the U.S. developed the most new chemical or biological entities between 2015 and 2019.

Leading global contract research organizations (CROs) based on 2019 revenue

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Sources

Release date

August 2020

Region

Worldwide

Survey time period

2019

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Statistics on "Clinical trials"

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