Contract Research Organization (CRO) Services Market is expected to reach US$ 96.4 Billion revenue b

Healtcareresearch17 Nov, 2021Health

According to the report, the global contract research organization (CRO) services market was valued at ~US$ 49 Bn in 2018 and is projected to expand at a high CAGR of 8% during the forecast period. Contract research organizations are engaged in offering a range of research services on a contract basis to pharmaceutical, medical device, and biotechnology companies. The global contract research organization (CRO) services market is driven by increase in the penetration of CROs, globalization of clinical trials, rise in spending on research and development (R&D), and growth in the number of clinical trials being conducted worldwide.