With 12.1% CAGR, CRO Services Market Size to Surpass Around USD 163.48 Billion by 2029

Pune, India, July 11, 2022 (GLOBE NEWSWIRE) -- The CRO services market size was USD 62.75 billion in 2021. The market is projected to grow from USD 73.38 billion in 2022 to USD 163.48 billion in 2029 at a CAGR of 12.1% during the 2022-2029 period. This vital information is presented by Fortune Business Insights™ , in its report, titled, " CRO Services Market , 2022-2029." Factors such as rising R&D budgets and rising outsourcing activities from pharmaceuticals along with rising collaborative efforts will boost the growth of the Contract Research Organization Services market united states during the forecast period. Additionally, increased investment opportunities by pharmaceutical, biopharmaceutical, and medical device companies will increase the footprint of the market. Industry Development July 2021: Pharmaceutical Product Development, LLC. (PPD) announced that they would further integrate various developments in designing, creating, testing, implementing, and executing digital trials using Science 37's DCT SaaS-based technology platform. Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/contract-research-organization-cro-services-market-100864 Report Scope Report Coverage Details Forecast Period 2022 to 2029 Forecast Period 2022 to 2029 CAGR 12.1% 2029 Value Projection USD 163.48 Billion Base Year 2021 Market Size in 2022 USD 73.38 Billion Historical Data for 2018 to 2020 No. of Pages 121 Drivers & Restraints Rising Prevalence of Chronic Diseases & Rising Clinical Trials to Augment Growth Factors such as the increasing burden of chronic disorders among the general population and the rising integration of worldwide health expectancy will boost the CRO services market united states growth during the forecast period. Additionally, the ... Full story available on Benzinga.com