Regardless of whether you are an individual interested in starting up a Contract Research Organization or you are a pharmaceutical company looking for a reputable contract research organization to outsource your research to, there are some good news and some bad news to consider.

The good news is that a Contract Research Organization growth is still growing, despite the economic slowdown.

Increasing healthcare expenditure and the growing presence of chronic diseases across the globe are driving the growth of the contract research organization (CRO) services market. These organizations provide services such as clinical trial management, medical device development, and drug development to pharmaceutical companies.

Increasing investments by key businesses are fueling the global market. Globally, 56% of the Contract Research Organization market is held by large CROs, while the rest of the world holds a limited share.

Europe is expected to hold the second-largest position during the forecast period. During the forecast period, Asia Pacific is expected to grow at the fastest CAGR.