Top 10 clinical Research Organizations (CROs) in the World - 2021
According to our research industry here is a top 10 clinical research organizations in world 2021, this top clinical research organizations provide best support to the biotechnology, medical device and pharmaceutical industries in the form of research services outsourced on a contract basis, A Clinical Research Organization (CRO) also Called as Clinical Research Organization play major role in pharmaceutical and biotechnology industries as we see increasing number of world population leads us to increasing in the disease as well so this top clinical research organizations is working toward the better cure of world by providing best medical facility and clinical research institutions facilitate drug manufacture by running preclinical and clinical tests on the drugs. according to market research report the global CRO market value reached $39 Billion in 2018 and is Expected to grow beyond $44 Billion by 2021, In fact as lockdown we quickly saw the impact of this pandemic on clinical research organizations and also we see this clinical research industry in growing with data indicating record numbers of new studies and patient participation over recent year and at the same time we see the Clinical Research Organization (CRO) marketplace is becoming competitive trend of mergers and acquisitions enhance larger organization and in the growing market is also creating a wealth of new Clinical Research Jobs Opportunity for candidates and clinical research top recruitment agencies in India, USA, Europe and emerging markets in Asia pacific countries and also we see that other midsize or smaller clinical research organizations are focusing on niche sectors and a more personalised approach to their sponsors.
Let’s briefly overview the top 10 clinical research organization from the above list one by one in detail
1. IQVIA
IQVIA formerly Quintiles and IMS Health, Inc. is an American multinational company founded in 1982, serving the combined industries of health information technology and clinical research, As of 2019, IQVIA was reported to be one of the worlds largest clinical research organizations and also they has expanded their services in more 100 countries like north america, latin america, asia and oceania, europe, middle east and africa that dedicatedly provide clinical trials and associated laboratory and analytical services including consulting services and also they focused on biopharmaceutical development and commercial outsourcing services.
Key information :
- Founder : Dennis Gillings
- CEO : Ari Bousbib
- Headquarters : Durham, North Carolina, United States
- Products : support services for pharmaceutical, biotech and medical companies and individuals
- Revenue : $11.04 Billion USD
- Number of Employees : 67,000+ (2020)
- Website : https://www.iqvia.com/
2. COVANCE
Covance Inc. is a contract research organization (CRO) founded in 1968 as environmental sciences corporation and 1996 as Covance, headquartered in Princeton, New Jersey, providing nonclinical, preclinical, clinical and commercialization services to pharmaceutical and biotechnology industries. The covance owned by labcorp and their employing over 50,000 people in more than 60 counties. According to research it is one of the largest companies of its kind in the world with annual revenues of over $2 billion it claims to provide the world largest central laboratory network. Their unique perspectives are based on decades of scientific, medical and regulatory expertise and also they has been subjected form animal rights groups for its animal testing procedures and as we see their history it became a publicly traded company in 1997 after being spun off by coming incorporated 1996 and in 2018 the covance parent company of labcorp was rated one of the best place to works for LGBTQ equality by the human rights campaign.
Key information :
- CEO : Paul Kirchgraber MD
- Headquarters : Princeton, New Jersey, United States
- Products & Services : Pharmaceutical Development nonclinical, Preclinical, Clinical and commercialization services.
- Revenue : $11.55 Billion USD
- Number of Employees : 50,000+ (2020)
- Website : https://www.covance.com/
3. SYNEOS HEALTH
Syneos Health Founded in 1984, formerly inventiv health incorporated and INC research is a NASDAQ listed American Multinational Contract Research organization (CRO) based in Morrisville, North Carolina. Syneos Health is an end to end fully integrated pharmaceutical solutions company that works differently. At Syneos Health, all the disciplines involved in bringing new therapies to market from clinical to commercial work together to create customer success, their unique biopharmaceutical acceleration model delivers value across the small to midsize to large customer continuum and also this company specialization in helping companies with late stage clinical trials and in january 2018 INC Research acquired inventiv health, the parent company of a subsidiary, syneos and resulting company was named syneos health.
Key information :
- CEO : Alistair Macdonald
- Headquarters : Raleigh, North Carolina, United States
- Services : Clinical Solutions, Commercial Solutions, Consulting.
- Revenue : $4.676 Billion USD
- Number of Employees : 24,000+ (2020)
- Website : https://www.syneoshealth.com/
4. PPD
PPD was founded by Fred Eshelman in 1985 as a one person consulting firm to its position today as a leading global contract research organization (CRO), PPD’s history is shaped by its commitment to consistent quality and execution, exceptional customer aligned service and continuous innovation to speed the overall execution of clinical trials. With offices in 47 countries and more than 26,000 professionals worldwide, PPD applies innovative technologies expertise and a firm commitment to quality to help customers bend the cost and time curve of drug development and optimize value in delivering life changing therapies to improve health and they dedicatedly provides clinical research for pharmaceutical, biotechnology, medical device, academic and government organizations services including drug development, laboratory and lifecycle management and that is reason PPD has counted one of the largest organization in the world.
Key information :
- Founder : Fredric N Eshelman
- CEO : David Simmons
- Headquarters : Wilminagton, North Carolina, United States
- Services : Contract Clinical Research for pharmaceutical, biotechnology, medical Device, academic, Drug development, laboratory, and lifecycle Management.
- Revenue : $4.031 Billion USD
- Number of Employees : 24,000 (2020)
- Website : https://www.ppd.com/
5. PAREXEL
Parexel is an international Clinical Research Organization (CRO) founded in 1982 by Josef von Rickenbach. Parexel is a american provider of biopharmaceutical services. It conducts clinical trials on behalf of its pharmaceutical clients to expedite the drug approval process. It is one of the largest clinical research organization in the world and has helped develop approximately 95% of the 200 top selling biopharmaceuticals on the market today and this company publishes the annual parexel Research and Development statistical sourcebook and councils all of the top 20 pharmaceutical and top 30 biotechnology companies and also is in the business of improving the world health by providing a suite of biopharmaceutical services that helps clients across the global transform scientific discoveries into new treatment from clinical trials to regulatory, consulting and market access, their therapeutic, technical and functional ability is underpinned by a deep conviction and the parexel company was acquired by private equity firm pamplona capital management for approximately $5.0 Billion.
Key information :
- CEO : Jamie Macdonald
- Headquarters : Waltham, Massachusetts, United States
- Products and Services : Clinical Trial Management, Data Management, Medical Writing, Biostatistics, pharmacovigilance, regulatory consulting.
- Revenue : $2.411 Billion USD
- Number of Employees : 18,900 (2020)
- Website : https://www.parexel.com/
6. PRA Health Science
PRA Health Sciences is a Contract Research Organization (CRO) founded in 1982 with headquarters in raleigh,North Carolina, in 2013 PRA Health sciences was acquired by kohlberg Kravis Roberts which brought the company public in november 2014 and maintained shares until september 2019, and they also consistently ranked among the top Clinical Research Organizations and global healthcare intelligence partner with the best employers in worldwide,
They develop life saving and life improving drugs with their comprehement, statistical analysis, clinical trial management, medical writing and regulatory and drug development consulting. In August 2017 the company acquired conshohocken based real world healthcare data, analytics and technology solutions company symphony health for $530 million and in 2018 their revenue was $2.87 Billion.
Key information :
- Founded : 1976
- CEO : Colin Shannon
- Headquarters : Raleigh, North Carolina, United States
- Services : Biotech, Clinical Development, Clinical Diagnostic, Site Commercial Solutions.
- Revenue : $3.066 Billion USD
- Number of Employees : 17,000+ (2020)
- Website : https://prahs.com/
7. ICON plc.
ICON is an lrish headquartered developer of drugs to the pharmaceutical, biotechnology and medical device industries they offer a full range of consulting, clinical development and commercialisation services from a global network of offices in more than 40 countries, ICON has been recognised as one of the world’s leading Contract Research Organizations (CRO) through a number of high profile industry awards and ican had 15,250 employees as of september 2020 and they has an excellent track record of successful audits form regulatory bodies and clients. Icon still maintains their quality of work and committed to supporting, checking and improving quality systems to exceed the standards demanded by clients, patients and regulatory authorities.
Key information :
- Founder : Ronan Lambe and John Climax
- CEO : Steve Cutler
- Headquarters : Dublin, Ireland
- Services : Services for Pharmaceutical, biotech and Medical Device Industries
- Revenue : $2.5958 Billion USD
- Number of Employees : 15,150 (2020)
- Website : https://www.iconplc.com/
8. MEDPACE
Medpace Holdings, Inc. is a midsize Clinical Research Organization(CRO) based in Cincinnati, Ohio, Dr. August Troendle founded Medpace in 1992 and the company started trading stock as a public firm in 2016. Medpace provides services for phase I-IV of drug and medical device development services including regulatory services and central laboratory services. Operating under a full services model, medpace provides a theoretically focused integrated, global approach for seamless execution and quality results. Their goal is to increase the international development and safe and effective medical therapies it’s a high science and disciple ned operating strategy and by being embedded in the culture, they create better relationships with investigators deliver faster enrollment timelines, and obtain access to the country specific patient populations.
Key information :
- CEO : Dr. August J. Troendle
- Headquarters : Cincinnati, Ohio, United States
- Products and Services : support services for pharmaceutical and Medical Device
- Revenue : $322 Million USD
- Number of Employees : 2,800+ (2020)
- Website : https://www.medpace.com/
9. PFIZER
Pfizer Inc. is an American multinational pharmaceutical corporation founded in 1849, The pursuit of delivering breakthroughs is basic to Pfizer culture it shapes their strategy, defines their purpose and governs every facet of their operations from research and development that leads to pharmaceutical inventions to the transfer of knowledge to patients and providers to the way they respond to the changing marketplace. Pfizer is one of the worlds largest pharmaceutical companies and was ranked 64th on the 2020 fortune 500 list of the largest United States corporations by total revenue at $47.644 Billion as of December 31, 2020 and we see Pfizer scientists have produced innovation breakthroughs in a wide range of research areas, including depression , erectile dysfunction high cholesterol, HIV infection , hypertension, bacterial infection and systemic fungal infection and pizer was a constituent of the Dow Jones industrial average from 2004 to 2020, when it was announced that the company would be replaced by Amgen in the dow Jones and the change took effect at start of trading on August 31,2020.
Key information :
- Founder : Charles Pfizer, Charles F. Erhart
- CEO : Albert Bourla
- Headquarters : New York (United States)
- Products : Pharmaceutical, generic Drugs, Over the counter drug, Vacccin, Medical Diagnosis, Contact Lens, Veterinary Medicine
- Revenue : $65.495 Billion USD
- Number of Employees : 88,300 (2020)
- Website : https://www.pfizer.com/
10. Fisher Scientific International Inc.
Fisher Scientific International, Inc. is a one of the largest Clinical Research Organization (CRO) was founded in Pittsburgh, Pennsylvania in 1902 by Chester fisher this was a laboratory supply and biotechnology company that provided product and services to the global scientific research and clinical laboratory markets until its merger with thermo electron in 2006, the company offered products and services to over 350,00 customers located in approximately 150 countries including pharmaceutical and biotechnology companies secondary and higher education institutions, hospitals and medical research institutions and quality control, process control and research and development laboratories.
Key information :
- Founder : Chester Garfield Fisher
- CEO : Paul Montane , David T. Della Panta
- Headquarters : Pittsburgh
- Products : Scientific Tools and Reagents
- Revenue : $24.580 Billion USD
- Number of Employees : 70,000+ (2020)
- Website : https://www.fishersci.com/us/en/home.html