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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.
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.
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