Contract research organizations are companies that provide research-based services on contract to the pharmaceutical, biotechnology, and medical device industries and government organizations. The services provided include preclinical and clinical research services, post-marketing surveillance, and laboratory services. Rapid technological advancements and growing globalization have compelled the biotech and Pharma companies to outsource their research activities, further driving the market growth.
The demand for healthcare contract research organization (CRO) has been increasing at a significant rate due to advancements in the drug development domain. The surging number of medical and pharmaceutical research institutes to develop new drugs for the treatment of chronic diseases drive market growth. Apart from this, growing investments by the government and public-sector organizations to improve clinical research and the presence of rapidly expanding pharmaceutical industries provide an impetus to the market growth.
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Healthcare Contract Research Organization Market Segmentation
By Type of Services
By Therapeutic Area
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now