The global oncology-based in-vivo CRO market is poised for substantial growth, driven by the increasing demand for advanced cancer research and development. According to recent projections, the market, valued at USD 1.1 billion in 2023, is expected to surge to USD 2.9 billion by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 10.9% over the next decade.
This significant market expansion highlights the urgent need for intensified oncology research as global cancer prevalence continues to climb. The oncology-based in-vivo CRO sector is integral to advancing cancer treatment, offering comprehensive research services, including preclinical and clinical trials, to develop innovative and effective therapies. The sector’s growth is further fueled by technological advancements, personalized medicine, and an increased focus on targeted treatments.
The urgency for accelerated research efforts is underscored by the World Health Organization’s (WHO) alarming statistics, which reported 19.3 million new cancer cases and 10 million fatalities worldwide in 2020. These figures underscore the critical necessity for novel cancer therapies and intensified research efforts.
Pharmaceutical companies, recognizing the pressing need to tackle this global health crisis, are increasingly outsourcing their research activities to CROs. This strategic move allows companies to efficiently allocate resources while benefiting from the specialized expertise and cost-effective solutions provided by CROs.
The surge in investment towards oncology-based in-vivo CRO research reflects the growing prevalence of cancer and the pressing demand for groundbreaking therapies. This influx of research and development activities is anticipated to drive substantial market growth throughout the forecast period.
As the demand for oncology-based in-vivo CRO services continues to rise, industry stakeholders are well-positioned to capitalize on emerging opportunities and leverage advancements in cancer research. With a steadfast commitment to innovation and collaboration, the global oncology-based in-vivo CRO market is set for unprecedented growth and transformation in the years to come.
Key Takeaways from Oncology-based In-Vivo CRO Market:
- North America holds the largest market share with cancer therapy being increasingly adopted all over the US.
- Europe holds the second-largest market share with the UK expected to be the flag bearer.
- The Asia-Pacific is expected to grow on the back of extensive research being conducted in this regard. For instance – Crown Bioscience, in October 2020, did expand its capacity of the Asia-Pacific by opening a new-fangled oncology-based research facility at Zhongshan (China).
Competitive Analysis:
- Evotech SE, in November 2020, entered into partnership with Rappta Therapeutics for developing a petite molecule reactivating PP2A that does suppress response regarding multiple oncogenic signaling pathways holding the responsibility of cancer progression.
- Evotec, in April 2021, entered into partnership with Kazia Therapeutics to develop and commercialize its oncology project ‘EVT801’. The company’s objective is that of conducting phase I trial under Kazia’s sponsorship.
- Evotec SE, in April 2021, did invest in OxVax (an immune-oncology company that has its base in Oxford University’s research enabling creation of next gen cancer vaccines) with purpose of outperforming the methods that exist. The vaccine trains the body to target tumors and get away with them.
- Crown Bioscience, in October 2021, did launch 3D ex Vivo Patient Tissue Platform that makes use of the patient’s tumor tissue extracted from surgical resections, biopsies, and ascites or samples of pleural effusion and processed for preserving tumor microenvironment.
- Charles River Laboratories, in October 2021, got acquired by Jackson Laboratory (better known as Jackson Laboratory Japan). It does provide access to resources and animal models, so as to help researchers make scientific advancements as well as breakthrough in development of drugs.
- Researchers in Jackson Laboratory, in July 2022, successfully demonstrated responses of patients with BRCA mutations, thereby coming up with resistance against platinum-based therapy other than BRCA1 promoter methylation. The team made use of PDX (patient-derived xenograft) mouse models, patient data, and engineered cancer cell lines. They also came up with an algorithm for ovarian cancer and TNBC that potentially responds to chemotherapy.
- The Jackson Laboratory team, in May 2022, did deploy ML for capturing accurate insights regarding cancer patients and interpret the images of tumor quicker and all the more accurately, thereby providing probability of more focused treatment without requirement for extra testing.
- eTheRNA Immunotherapies, in March 2022, came up with a novel LNP (Lipid Nanoparticle) formulation service for supporting discovery as well as early pre-clinical development of RNA-based vaccines and therapeutics.
- Moderna, Inc., in October 2022, along with Merck, did report that the latter had started developing PCV (personalized cancer vaccine) called mRNA-4157/V940 as per existent Collaboration and License Agreement.
Discover the Rising Demand for Oncology-based In-vivo CRO: Dive into Our Full Report for Detailed Trends and Insights!
What does the Report say?
- The research study is based on indication (blood cancer (syngeneic model, PDX (patient derived xenograft), and xenograft), solid tumors (syngeneic model, patient derived xenograft (PDX), and xenograft), and other indications (syngeneic model, PDX (patient derived xenograft), and xenograft)).
- With growing incidences of oncology-based cases coupled with need of developing new drugs to treat cancer patients, the global oncology-based in-vivo CRO market is expected to go great guns in the forecast period.
Key Companies Profiled:
- The Jackson Laboratory
- EVOTEC
- WuXi AppTec
- Toxicon Inc.
- Crown Bioscience
- Taconic Biosciences
- Eurofins Scientific
- ICON Plc
- Charles River Laboratory
- Covance
- Others
Key Segments Covered in Oncology-based in-vivo CRO Industry Survey:
By Indication:
- Blood Cancer
- Syngeneic Model
- Patient Derived Xenograft (PDX)
- Xenograft
- Solid Tumors
- Syngeneic Model
- Patient Derived Xenograft (PDX)
- Xenograft
- Other Indications
- Syngeneic Model
- Patient Derived Xenograft (PDX)
- Xenograft
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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