Preclinical CRO Market Report to Grow at a Stellar Pace Reflecting a 8.14% CAGR, is Set to Reach USD
The growing need, as well as the demand for outsourcing, is supposed to have a lucrative effect on the business growth in the coming years. The contract research firms are now offering quicker research and development (R&D) to the companies, with various emerging nations employing CROs to carry out their R&D activities along with clinical trials. Therefore, a number of companies are progressively depending on outsourcing to develop drugs. To illustrate, the American Pharmaceutical Review states that the emerging companies outsource close to 55% of the services in the first phase of the clinical trials, meanwhile about 69% of the medium-sized biotech, as well as pharmaceutical companies, outsource in the second phase of the clinical trials.
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