The contract research organizations market
size is expected to grow around $70 billion by 2022 growing at double digit
compound annual growth rate (CAGR). The growth in the contract research
organizations market is mainly due to the rising cost of drug development,
increasing patent expirations of drugs and increasing investments in the
pharmaceutical and biologics industry in emerging economies.
The global CRO market include increasing focus on emerging
markets, strategic partnerships to benefit the CROs, and increasing
consolidation in the market.
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Increase in
merger and acquisition activity has been a significant trend in the CRO market.
With contract research organizations becoming indispensable to the
pharmaceutical industry, the CROs are trying to be the one stop solution for
all the needs of its sponsors in order to attract business from all aspects of
drug development lifecycle.
Chiltern, a global contract research
organization, which is leading provider of clinical services and solutions in a
variety of therapeutic areas acquired Integrated Development Associates (IDA),
a Japan based CRO with operations in Japan, Korea and Southeast Asia. After its
acquisition the company was renamed IDA, a Chiltern Company
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About The Business
Research Company
The Business Research Company is a Business Intelligence
Company which excels in company, market and consumer research. It has offices
in the UK, the US and India and a network of trained
researchers in 15
countries globally.
Contact Information.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
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