Contract Research Organization (CROs) Services Market worth $115.1 billion by 2027 – Exclusive Report by MarketsandMarkets™
The Contract Research Organization (CROs) Services Market is estimated to grow from USD 115.1 billion by 2027 from USD 68.3 billion in 2022, at a CAGR of 11.0 % during the forecast period.
Increasing investment in pharmaceutical R&D:Most pharmaceutical, biopharmaceutical, and medical device companies continue to invest heavily in the development of novel drugs and devices. The pharmaceutical...
Contract Research Organization Services Market: Drivers, Restraints, Opportunities and Challenges
Global Market Overview:
The contract research organization services market is projected to reach USD 86.5 billion by 2026 from USD 53.2 billion in 2021, at a CAGR of 10.7% during the forecast period. Growth in the contract research organization (CRO) services market can mainly be attributed to factors such as increasing investment in pharmaceutical R&D to drive CROs services market,...
Contract Research Organization Services Market : IQVIA (US) and LabCorp (US) are the market leading players
The global contract research organization services market is projected to reach USD 56.34 Billion by 2023 from USD 39.13 Billion in 2018, at a CAGR of 7.6%. Growing R&D expenditure, increased outsourcing of R&D activities, and increasing number of clinical trials are some of the major factors driving the growth of the CRO services market. Growth in the biosimilars and biologics market, rising...
Contract Research Organization Services (CROs) Market : Drivers, Challenges, Opportunities
The global Contract Research Organization Services Market is projected to reach USD 56.34 Billion by 2023 from USD 39.13 Billion in 2018, at a CAGR of 7.6%. Market growth can be attributed to the growing R&D expenditure, increased outsourcing of R&D activities, and increasing number of clinical trials.
Geographically, the global CRO services market has been segmented into five major regional...