Is ICON the biggest CRO?

According to the latest report by Statista in 2023, the global landscape of Contract Research Organizations (CROs) is dominated by a few key players. At the top of the list, based on their 2022 annual revenue, are Thermo Fisher Scientific Inc., Labcorp, IQVIA, ICON, and WuXi Clinical. These companies have established themselves as leaders in the field, providing crucial services to the pharmaceutical and biotechnology industries.

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Among the elite group of CROs, Thermo Fisher Scientific Inc. stands out as a formidable force. The company's comprehensive portfolio of services, coupled with its strong financial performance, has propelled it to the forefront of the industry. As such, when considering the largest CROs in the United States specifically, Thermo Fisher Scientific Inc. emerges as the undisputed leader.

The ranking of the top CROs is subject to change as new revenue figures are announced. In 2023, several companies have released updates regarding their financial performance, which has impacted the overall standings. However, despite the dynamic nature of the industry, Thermo Fisher Scientific Inc. has consistently maintained its position at the top.

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