Market Research Report Store Contract Research Organizations (CROs) Services Ma | Page 4
5.2.1 KEY MARKET DRIVERS 42
5.2.1.1 Growing R&D expenditure 42
5.2.1.2 Growth in outsourcing of R&D activities 43
5.2.1.3 Increasing demand for outsourcing of analytical testing and clinical trial services 43
5.2.1.4 Increasing number of clinical trials 44
5.2.2 KEY MARKET RESTRAINTS 46
5.2.2.1 Regulatory pressure on contract research organizations 46
5.2.3 KEY MARKET OPPORTUNITIES 46
5.2.3.1 Growth in biosimilars and biologics markets 46
5.2.3.2 Rising demand for specialized testing services 48
5.2.4 KEY CHALLENGES 48
5.2.4.1 Growing competition in the contract research organizations industry 48
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