The Contract Research Organization (CRO) market is expected to grow at a CAGR of XX% to reach a market value of USD XX million by 2026.
The contract research organization (CRO) are organizations that provide support and assistance to biotechnological and biopharmaceutical companies and academic institutes in the shape of outsourced research services for pharmaceuticals.
The growing R&D expenditure primarily drives the global market for the Contract Research Organization (CRO) market. However, the high competition in the CRO services market along with the shortage of skilled professionals may hinder the market progress.
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