TechNavio today launched its report Global Contract Research Organization Market 2011-2015 based on an in-depth study covering the US, Western and Eastern Europe, Latin America, China and India. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Healthcare team said; ”Mergers and acquisitions among vendors contribute to the inorganic rapid growth of the acquiring companies and also lead to the expansion of their business processes. The Global Contract Research Organization (CRO) market is also witnessing a trend of an increasing number of mergers and acquisitions. With an increasing number of contracts and the shortage of CRO staff, the market is witnessing an increasing number of mergers and acquisitions. Mergers and acquisitions help vendors expand their ability to serve clients.”
According to the report, the key driver in the Global CRO market is the increasing outsourcing of RandD activities by pharmaceutical and biopharmaceutical vendors. Pharmaceutical and biopharmaceutical vendors are making huge efforts to reduce RandD expenditure and increase profitability by outsourcing clinical trial activities to CROs. Moreover, CROs help pharmaceutical and biopharmaceutical vendors in reducing operational costs and the time period required to conduct the development and clinical trials of pharmaceutical and biopharmaceutical products.
Further, the report also discusses that one of the major challenges in the Global CRO market is the shortage of clinical research personnel.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-contract-research-organization-m…
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TechNavio Announces the Publication of its Report – Global Contract Research Organization Market 2011-2015
