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Contract Research Organization Services (CROs) Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Contract Research Organization Services (CROs) Market Outlook: 2028The global Contract Research Organization Services (CROs) market size is projected to reach US$ 46410 million by 2028, from US$ 34430 million in 2021, at a CAGR of 4.3% during 2022-2028. The global CRO services market, by end-user, is segmented into pharmaceutical and biopharmaceutical companies, medical device companies, and academic institutes. In 2017, the pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the contract research organization services market. The large share of this segment can be attributed to the increased outsourcing of early phase development services and clinical and laboratory testing services by pharmaceutical companies to boost profit margins, avoid high capital expenditure, and reduce the time duration to validate the process and product.
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Contract Research Organization Services (CROs) Market Segment Review
Contract Research Organization Services (CROs) market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Contract Research Organization Services (CROs) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
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Contract Research Organization Services Market by Type
• Oncology
• CNS Disorders
• Infectious Diseases
• Cardiovascular Diseases
• Immunological Disorders
• Respiratory Disorders
• Diabetes
• Others Therapeutic Areas
Contract Research Organization Services Market by Application
• Pharmaceutical and Biopharmaceutical Companies
• Medical Device Companies
• Academic Institutes
Major Players in the Contract Research Organization Services Market
• IQVIA
• LabCorp
• PAREXEL
• PRA Health Sciences
• PPD
• ICON PLC
• Syneos Health
• WuXi Pharmatech
• Charles River
• MeDPAce Holdings
• SGS
• Envigo
• MPI Research
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