The Thriving Landscape of Healthcare Contract Research Organizations (CRO) Services Market
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The Healthcare Contract Research Organizations (CRO) market is an essential catalyst in drug development and enables bringing life-saving therapies to patients much earlier. CROs provide specialized services to pharmaceutical , biotechnology, and medical device companies, which makes the complex and time-consuming process of clinical trials less complicated. Healthcare Contract Research Organizations (CRO) Services Market Overview • Definition: CROs are third-party companies that conduct research and development activities on behalf of pharmaceutical and biotechnology companies. • Major Players : Charles River Laboratories Inc. IQVIA Inc. Laboratory Corporation of America Holdings Parexel International Corporation Healthcare Contract Research Organizations (CRO) Services Market Dynamics Growth Drivers: Increased R&D Spending: Pharmaceutical and biotechnology companies' increased spending on research and development increases the demand for CRO services. o Co...