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Contract Research Organization Services : Overview

A Contract Research Organization is a company that provides support to the pharmaceutical and biotechnology industries in the form of research services outsourced on a contract basis. 

Contract Research Organization offer a wide range of services that support the drug development process, from early-stage discovery research to large-scale clinical trials.

The global Contract Research Organization market is expected to reach $64.8 billion by 2025 from $32.3 billion in 2016, at a compound annual growth rate (CAGR) of 12.8%.

The growth of the Contract Research Organization market is driven by the increasing number of drug approvals, the increasing demand for cost-effective drug development, and the increasing number of clinical trials.

The major services provided by Contract Research Organization are clinical research, preclinical research, biostatistics, data management, and regulatory affairs. 




Contract Research Organization also provide other services, such as laboratory services, drug safety and pharmacovigilance, and consulting services.

The top five Contract Research Organization, which account for more than 50% of the global CRO market, are Parexel International, Quintiles IMS, LabCorp, Covance, and Charles River Laboratories. 

These companies have a strong presence in North America and Europe and offer a wide range of services to their clients.

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