Frost Radar™: Asia-Pacific Contract Research Organizations, 2023
A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
11-Dec-2023
Asia Pacific
Frost Radar
PF75-01-00-00-00
HC_2023_390
$4,950.00
Special Price $3,712.50 save 25 %
More than 6,000 molecules are currently in clinical development across the pharmaceutical research and development (R&D) landscape, with more than 11,000 in the preclinical phase. The industry is witnessing the growth of small- to mid-segment pharma/biotech players making significant contributions to drug discovery and development pipelines. Across APAC, local biopharma companies are establishing themselves as key contributors to the drug development pipeline. APAC matches Europe in terms of the number of clinical trials, particularly late-stage trials, where patient volumes are important. This can partly be attributed to the region’s population density. The region is also characterized by greater usage of gadgets, such as smartphones, tablets, and wearable devices, which are available here at significantly lower prices than in the West. This helps establish APAC as a suitable location for remote/decentralized trial modalities.
In the global CRO industry, estimated at over $50 billion, APAC is emerging as the fastest and highest growing market in terms of compound annual growth rate (CAGR), not only in clinical development phases but also in drug discovery and preclinical testing. The region offers a significant cost advantage of 30% to 50% against Western markets, further making it extremely attractive for large late-stage clinical trials as well as early-stage non-clinical services. The companies included in the Radar™ offer non-clinical and clinical research services as well as peripheral services that cover pharmacovigilance (PV), health economics and outcome research (HEOR), data management and biostatistics, post-market surveillance, medical writing and documentation, as well as regulatory consulting, among other areas. All the companies featured on this Radar™ are headquartered in APAC countries, including India, China, Japan, South Korea, the Philippines, Thailand, Vietnam, and more. A few of the players have a global presence and are among the top 10 CROs in the global CRO industry, while others are small- to mid-segment CROs with a reach limited to the country of origin or to APAC or Southeast Asia.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
Asia-Pacific Contract Research Organizations 2023
- Asia-Pacific Contract Research Organizations
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
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Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. -
Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. -
Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. -
Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? -
Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
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INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. -
RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. -
PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. -
MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. -
CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
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GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. -
BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. -
COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. -
CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. -
PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
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| Deliverable Type | Frost Radar |
|---|---|
| Author | Aarti Siddhesh Chitale |
| Industries | Healthcare |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Contract research services |
| Keyword 2 | Pharmaceutical industry trends |
| Keyword 3 | Clinical trials outsourcing |
| Podcast | No |
| WIP Number | PF75-01-00-00-00 |