Blog Information

• Posted By : oncology cro
• Posted On : Nov 02, 2022
• Views : 135
• Category : General
• Description : A CRO conducts clinical trials and other research support services for companies in the health industry. These organizations have the resources and tools to perform trials efficiently and effectively.

Overview

• They can also offer post-marketing surveillance, regulatory affairs, and product development. Using a CRO can save your company valuable time and money while conducting clinical trials.
  
  
  The growth of the CRO industry is attributed to several factors, including a recent surge in pharmaceutical industry research and development spending. The rise of generic medicines, patent expiration, and technological innovations have resulted in a higher demand for clinical trials.
  
  In addition, CROs have been increasingly involved in testing and refining new medications and medical devices. In 2016, the global CRO market was estimated at $50 billion, and it is projected to grow at 8.5% over the next five years.
  
  
  The CROs that provide clinical research services also have a global reach, with offices in Europe, North America, and Latin America. They have a diverse range of experience in therapeutic areas, including cardiovascular, metabolic, rare diseases, and oncology.