CONTRACT RESEARCH ORGANIZATION SERVICES MARKET GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020-2027
REPORT DESCRIPTION CONTRACT RESEARCH ORGANIZATION SERVICES MARKET
– Overview
ncreasing number of Food and Drug administration (FDA) approvals are supporting the growth of biopharma industry, which in turn is fuelling growth of the CROs market. According to article published in Nature, the U.S. FDA approved 46 novel drugs for various indication by the agency’s Center for Drug Evaluation and Research (CDER) in 2017 and 22 drugs in 2016. Furthermore, stringent regulatory policies for drug development make process more complex, as it required more resources to develop new drugs, devices, and biologics. These process requires expertise in broad scientific disciplines of preclinical, clinical, ancillary clinical in chemistry, packaging, manufacturing, project management, and regulatory affairs which are provided by the CRO’s, considered as a major reason for drug companies to outsource clinical trials to CROs. Besides, the pharmaceuticals & biopharmaceutical companies are collaborating to undergo clinical trials with CROs to undergo the drug development process. For instance, in May 2018, Ritter Pharmaceuticals, Inc. a developer of novel therapeutic products signed an agreement with the clinical research organization (CRO) Medpace to conduct the first of two pivotal Phase 3 clinical trials for RP-G28 in patients with lactose intolerance (LI).
REPORT DESCRIPTION Contract Research Organization Services Market Taxonomy: By Type: Clinical Research Services Early Phase Development Services Laboratory Services By Therapeutic Application: Oncology Infectious Diseases Central Nervous System (CNS) Disorders By End User: Pharmaceuticals & Biopharmaceutical Companies Medical Device Companies Academic Institutes Get Request a Sample Copy @ https://www.coherentmarketinsights.com/insight/request-sample/1592
REPORT DESCRIPTION
Contract Research Organization Services Market– Key Players
IQVIA LabCorp PAREXEL ICON plc PPD PRA Health Sciences Syneos Health, Charles River Wuxi PharmaTech Medpace Holdings SGS Envigo MPI Research.
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