Global Market Size of Contract Research Organization Services Market – 10 Year Market Forecast

Pharmaceuticals

Contract Research Organization Services Market Size Forecast 2022-2029

A contract research organization is a life sciences company that provides research services to pharmaceutical, biotechnology, and medical device companies. Pharmaceutical and biopharmaceutical companies should be the biggest end-users in the market by 2029. Europe is expected to be the leading market segment representing the majority of the market shares and gaining the maximum market revenues. The market should grow at a CAGR of 7% from an estimated value of USD 65.27 billion in 2022 to a projected value of USD 102.78 billion by 2029. The cumulative market size is estimated to be USD 667 billion over the forecast period.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database is a cloud based business intelligence tool that can be used by decision makers to study relevant markets.
• How many types of contract research organization services have been considered in this report?

• Ten types of contract research organization services have been considered in this report.
• What is the key driver of the CROs services market?

• The increasing investment from pharmaceutical companies in R&D is expected to drive the CROs services market.
• Who are the end-users of contract research organization services?

• The end-users of contract research organization services are pharmaceutical and biopharmaceutical companies, medical device companies and academic institutes.
• Which end-user segment has largest market shares?

• Pharmaceutical and Bio-pharmaceutical companies hold the largest market shares.

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