Astonishing Growth in Clinical Contract Research Services Industry

Astonishing Growth in Clinical Contract Research Services Industry

A contract research organization (CRO) is a company that supports the pharmaceutical, biotechnology and medical device industries in the form of contractually outsourced research services. A CRO can provide services such as biopharmaceutical development, biological assay development, commercialization, preclinical research, clinical research, clinical trial management, and pharmacovigilance.

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Some of the key players of Clinical Contract Research Services Industry:

Covance (Lab. Corp.), IQVIA, Syneos Health, Parexel, PRA Health Sciences, Pharmaceutical Product Development (PPD), LLC, Charles River, ICON, Wuxi AppTec, MedPace, Envigo Corporation, MPI research, Eurofins Scientific, PARAXEL International Corporation, ICON Plc, Laboratory Corporation of America, Inc., Labcorp, CRL, Crown Bioscience, Taconic Biosciences, Covance, EVOTEC, The Jackson Laboratory, MI Bioresearch, Champion Oncology, Xentech, Living Tumor Laboratory, JOINN Lab

CROs are designed to cut costs for companies developing new drugs and drugs in niche markets. They aim to make drug market entry and development easier, as the need for large pharmaceutical companies to do everything “in-house” is now obsolete. In addition to government organizations, CROs also support foundations, research institutions and universities.

Many CROs provide specific support for clinical trials and clinical trials for drugs and / or medical devices. CROs range from large international full-service organizations to small niche specialty groups.

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