Contract Research Organization News

The global Contract Research Organization ( CR O ) Services Market is expected to reach USD 91 . 2 billion by 2030 , according to a new report by Grand View Research , Inc . The market is expected to expand at a C AG R of 8 . 2 % from 2021 to 2030 . The growth of the market is attributed to the increasing demand for cost - effective drug development services , the rising prevalence of chronic diseases , and the growing number of clinical trials . The increasing demand for personalized medicine and the growing focus on drug safety and efficacy are also expected to drive the market growth . The increasing number of mer gers and acquisitions among CR O`s is also expected to contribute to the growth of the market . Furthermore , the increasing adoption of advanced technologies such as artificial intelligence ( AI ) and machine learning ( ML ) is expected to cr...

The global contract research organization ( CR O ) services market is expected to reach US $ 79 . 2 B n by 2030 , expanding at a C AG R of 8 . 2 % during the forecast period ( 2020 – 20 30 ). Contract research organization ( CR O `s ) services are outs ourced services that are used by pharmaceutical and bi otechnology companies to reduce the cost and time of drug development . The services include clinical trial management , pre clinical services , regulatory services , and other services . The global contract research organization ( CR O ) services market is driven by the increasing number of clinical trials , rising demand for outsourcing of clinical trials , and increasing focus on drug development . The increasing number of clinical trials is a major factor driving the global contract research organization ( CR O ) services market . According to the Clinical Tri als ....