How CROs Are Transforming Global Research and Development | PR Newswire [Video]

“The global market for contract research organization (CRO) services is about companies that help pharmaceutical, biotechnology, and medical device firms with research and development. CROs handle tasks like clinical trials, drug testing, and regulatory approvals, allowing these companies to bring new treatments to market faster and more efficiently. This market is growing as more companies choose to outsource their research to CROs to save time.“

, /PRNewswire/ — “According to the latest study from BCC Research, the demand for Contract Research Organization (CRO) Services is expected to grow from $111.8 billion in 2024 to $166.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 8.2% during the forecast period of 2024 to 2029.”

This report looks at the global market for CRO services, covering the major companies in the sector. It explains the clinical trial process, including the different phases and services CROs provide, and highlights the therapeutic areas they work in, such as cancer, …