February 20, 2023
By:EmpoweringCPO Insights Team

In Vitro Pre-Clinical CRO

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CROs – contract research organizations or, alternatively, clinical research organizations help pharmaceutical and biotechnology companies conduct the extensive tests on experimental medicines that government regulators require before they will consider approving a drug. Pre-clinical services consist of drug safety testing and toxicity testing in the form of in-vivo and in-vitro experimentation. In-vitro experimentation, conducted using laboratory tools, is used to test the efficacy of a drug on microorganisms, such as extracted cell tissue or DNA molecules. This report gives insights into an overview of the global and North American CRO market, emerging trends, and leading suppliers who are into In-vitro Pre-Clinical research. This report is a primer among one of our Procurement Analytics reports and can help your team to benchmark with the market.

 

Abstract

  • The global Pre-Clinical CRO market is expected to witness a CAGR of 7% to reach USD 6.8 Billion & contribute around 45% of the total CRO service sector by 2020.
  • Trends show that the Integration of Pre-Clinical Services within the service offerings of CRO looks inevitable with a 13% contribution from the Pre-Clinical Phase which will grow over the period of time.
  • Emerging Markets are expected to play important role in Pre-Clinical Market owing to the availability of diverse populations, ease of patient recruitment ease and establishment of regulations.

Table of Content

ContentSlide No.
Overview of the Global CRO Market2
Overview of Integration of Pre-Clinical Services with CRO3
Emerging Markets4
Leading (Top 10) Pre-clinical CROs5
Methodology Adopted for this report6
Supplier List7-18

If you think your scope is different than the criteria presented in our In Vitro Pre-Clinical CRO market research report, we can definitely fine-tune and add more suppliers for your customized need. Please feel free to share your specific requirements.

EmpoweringCPO is a team of experienced sourcing and procurement professionals with hands on experience of having worked with many fortune 500 companies. The company was founded in 2011 and since then has executed multiple strategic sourcing projects and have achieved average savings of 10-12% so far. In addition to Strategic Sourcing their other offerings are Spend Analysis, Procurement Intelligence, Procurement Analytics, Best Cost Country Sourcing, Procurement Outsourcing, Built Operate Transfer, Supplier Diversity, Sustainable Procurement, Tail Spend Management, Item Master Optimization, Collective Buying, Compliance Tracking and Managed Procurement Services.

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Every saving forecasted should translate into reality. Our savings compliance tracking closely monitors and validates realized savings against projections, ensuring transparency, accountability, and confidence in your procurement strategies.

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In a global marketplace, knowing where to source is as crucial as what to source. Our best cost country sourcing identifies optimal sourcing locations based on quality, cost, and risk, ensuring your global operations remain competitive and resilient.

Uncertainties demand vigilance. Our supplier risk management actively monitors, evaluates, and strategizes against potential supplier risks. From geopolitical changes to supply chain disruptions, we help you stay a step ahead, ensuring continuity and stability.

An optimized item master is foundational for efficient inventory management. We refine and standardize your item data, leading to accurate tracking, reduced redundancies, and a smoother procurement lifecycle.

Procurement intelligence goes beyond traditional market research. It offers tailored insights specific to procurement activities—supplier landscapes, pricing models, and risk assessments. With EmpoweringCPO, you get actionable intelligence designed to optimize and elevate your procurement decisions.

Our custom dashboards and tools offer a holistic view of your procurement operations at a glance. By integrating real-time data, performance metrics, and analytical insights, they empower your team to make informed, agile decisions, driving efficiency and value.

Consider us an extension of your team. Our managed procurement service handles the intricacies of your procurement processes, from sourcing to payment. By leveraging our expertise, you gain the freedom to focus on core business functions while enjoying enhanced procurement efficiency.

Supplier diversity enriches your supply chain by integrating businesses from varied backgrounds, ensuring inclusivity. This not only promotes innovation and resilience but also positions your organization as a forward-thinking, socially-responsible entity.

Savings projected after strategic sourcing project should mirror savings achieved and reaslized. Our savings compliance tracking ensures this by validating and monitoring realized savings against set benchmarks and projected savings, infusing transparency and confidence into your cost-saving endeavors.

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Compliance Management Tool

Compliance management is very critical as otherwise the procurement organization may run into a scenario where there is a huge gap between realized savings and reported savings. Many procurement functions estimate large savings numbers when contracts are signed. They also invest significant time and effort in negotiating contracts for necessary goods and services, only to have a third or more of their purchasing dollars flow outside those deals. Some of the obvious fall-outs of non-compliance and maverick purchases are:

  • Very high prices
  • Risk of losing out on volume discounts and rebates

As compared to the current contract that was finalized after the sourcing process, the tool helps in tracking:

  • Vendor Compliance
  • Price Compliance

The objective of this tool is to ensure that the orders are placed only with the vendors that were shortlisted after the sourcing process and at the same price that was agreed upon and negotiated during and after the strategic sourcing process.

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