Contract Research Organization Services Market Projected to Reach Contract Research Organization Services (CROs) Mar | Page 3
Contract Research Organization Services Market
Among the CRO services, the laboratory services segment is expected to register the
highest CAGR during the forecast period. The high growth of this segment is
attributed to the increasing number of pipeline drugs and growing outsourcing of
laboratory services by pharmaceutical and bio-pharmaceutical companies.
The Asia Pacific region is expected to witness the highest CAGR during the forecast
period, owing the rapid growth in the pharmaceutical and biopharmaceutical
industry, low cost of clinical trials, rising number of CROs, and favorable government
policies in the region.
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