Oncology Based In-vivo CRO Market Size, Top Key Players

According to latest report, the oncology based In-vivo CRO market size was valued at USD 2.19 billion in 2023 and is anticipated to reach around USD 4.99 billion by 2033, growing at a CAGR of 8.59% from 2024 to 2033. An increase in outsourcing of R&D activities, high demand for advanced medicines, and implementation of international standards by CROs are key factors driving the market growth.

Furthermore, the pressure from increasing competition due to patent expirations, the rapid growth of generics, and the introduction of biosimilar equivalents are propelling pharmaceutical companies to seek the aid of such organizations. Hence, it can be predicted that the oncology-based in-vivo CRO industry may witness lucrative growth over the forecast period.

Technological advancements such as mobile-enabled innovations for recruiting and communicating with participants, web-based life science labs and robotics labs to perform routine tests can be the opportunities of the market. At a global level, outsourcing is one of the solutions for sponsors and pharma companies seeking to make an entry into a new market. Big pharma companies such as Pfizer and GlaxoSmithKline partner with local CMOs and CROs, which have been successful in enabling foreign companies to achieve marketing, regulatory, and manufacturing goals in emerging economies.

Furthermore, an increase in the number of mergers and collaborations in this industry is expected to expand the market in the coming years. For instance, in January 2023, Bruker, an analytical solutions company, acquired a preclinical Switzerland-based CRO Biogenesis to expand its capabilities in preclinical activities.

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Oncology Based In-vivo CRO Market Report Highlights

• The solid tumors segment held the largest share of 47.89% owing to the increasing incidence of cancer across the globe, and the growing interest of world agencies such as the WHO in analyzing their prevalence, causative agents, and treatment options is boosting R&D
• Based on solid tumor-based model, patient-derived xenograft is anticipated to register the fastest CAGR of 9.21% over the forecast period
• North America accounted for the largest global share of 50.19% in 2023, with the major contributions from the U.S., owing to increased funding available in the region. This has boosted research activities. Major pharmaceutical and life sciences companies continue to drive market growth with their established presence in the region
• Asia Pacific is anticipated to register the fastest CAGR over the forecast period, owing to many developed countries investing in Asia Pacific regions and the various amendments made by the regulatory market to change the clinical trials evaluation standards according to the global platform

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Industry Dynamics

The oncology based in vivo CRO market growth stage is medium, and its pace is accelerating. The market is characterized by the level of M&A activities, the degree of innovation, the impact of regulations, product expansions, and regional expansions.

The oncology-based in vivo CRO product categories have observed advancements due to the increasing frequency of outsourcing of R&D activities by various pharmaceutical companies. This further supports the development of the most efficient, relevant study design and screening method to identify various compounds and optimize lead candidates.

The growing presence of market players has made the market more competitive, leading to a rise in mergers and acquisitions. Besides, the market has been proven to facilitate gains, leadership retention, or international expansion.

Regulatory bodies and other authorities can influence the oncology-based in vivo CRO market. These regulations support the production of various oncology drugs using in vivo models.

Rising expansions, increasing R&D activities, and rising demand for various oncology-based drugs have led to a rise in demand for in-vivo CRO, further positively influencing the market dynamics.

The increase in R&D expenditure, the existence of technologically advanced service providers, and the rising requirement for oncology-based drugs have led the market growth.

Oncology Based In-vivo CRO Market Top Key Companies:

• Charles River Laboratory
• ICON Plc
• Thermo Fisher Scientific Inc.
• Eurofins Scientific
• Taconic Biosciences
• Crown Bioscience
• LabCorp
• WuXi AppTec
• EVOTEC
• The Jackson Laboratory

Oncology Based In-vivo CRO Market?Recent Developments

In November 2023, Crown Bioscience launched the OrganoidXploreTM service. It is an organoid panel screening platform service that offers robust, reproducible, and clinical output at record speed, propelling preclinical oncology drug discovery and reshaping the landscape of cancer treatment development.

In October 2023, Coeptis Therapeutics Holdings, Inc. announced research demonstrating the possibility of the SNAP-CAR T-cell platform to target numerous antigens. The research involved SNAP-CAR to demonstrate the technology's adaptable antigen-targeting abilities in vivo and in-vitro in xenograft models of human tumors.

Oncology Based In-vivo CRO Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the Oncology Based In-vivo CRO market.

By Indication?

• Blood cancer Syngeneic model Patient-derived Xenograft Xenograft
• Solid tumors Syngeneic model Patient-derived Xenograft Xenograft
• Others Syngeneic model Patient-derived Xenograft Xenograft

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

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Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Oncology Based In-vivo CRO Market analysis from 2021 to 2033 to identify the prevailing Oncology Based In-vivo CRO Market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the cancer supportive care drugs industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Oncology Based In-vivo CRO Market trends, key players, market segments, application areas, and market growth strategies.

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