Global Contract Research Organization (CRO) Market to 2027
Global Contract Research Organization (CRO) Market to 2027
Global Contract Research Organization (CRO) Market Introduction
Contract Research Organization (CRO) services (CRO) are used in the biotechnology, pharmaceutical and medical device industries. Also, Contract Research Organization (CRO) (CRO) offers various services such as biologic assay development, biopharmaceutical development, preclinical research, Clinical Research, Clinical Trail Management, and Pharmacovigilance. Contract research organizations are mainly designed to minimize cost for companies developing new drugs.
Global Contract Research Organization (CRO) Market Drivers
Rise in research and development activities which are expected to propel the growth of global Contract Research Organization (CRO) (CRO) market growth. Furthermore, high demand for outsourcing analytical testing and clinical trial services which are expected to boost the growth of global Contract Research Organization (CRO) (CRO) market. In addition to that, increase in regulatory pressure on contract research services will have the positive impact on global Contract Research Organization (CRO) (CRO) market growth.
Global Contract Research Organization (CRO) Market Restraints
However, lack of skilled professional is the major restraining factor which is expected to hamper the global Contract Research Organization (CRO) (CRO) market growth. Also, aligning of personnel expertise for specific project will affect the global Contract Research Organization (CRO) (CRO) market growth.
Global Contract Research Organization (CRO) Market Segmentation
Global Contract Research Organization (CRO) Market is segmented into type such as Clinical Research Services, Early Phase Development Services, Laboratory Services, and Consulting services, by application such as Oncology, Infectious Diseases, Central Nervous System Disorders, Respiratory Disorders, Cardiovascular Diseases, Diabetes, and Others. Further, Global Contract Research Organization (CRO) Market is segmented into end user such as Medical Device Companies, Pharmaceutical & Biotechnological Companies, and Academic Institutes.
Global Contract Research Organization (CRO) Market Key Players
Various key players are discussed in this report such as IQVIA, PAREXEL,PPD, ICON PLC, Syneos Health,Charles River Laboratories,SGS, LabCorp, WuXI Pharmatech, MPI Research, and PRA Health Sciences.
Global Contract Research Organization (CRO) Market Taxonomy
By Types
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