In vivo CRO Market was valued at USD 3.08 Billion in 2018, and is anticipated to grow at CAGR of 8.25 over forecast period 2020-2026

The Global In vivo CRO Market was valued at USD 3.08 Billion in 2018, and is anticipated to grow at CAGR of 8.25 over forecast period 2020-2026. High prevalence of target diseases, increasing frequency of outsourcing R&D activities, introduction of biosimilar equivalents and economic efficiency offered for outsourcing are the key factors propelling the market growth.

Contract research organizations (CROs) have been highly instrumental in providing outsourced research services for biotechnology, pharmaceutical and medical industries. In addition, CROs offer R&D activities with regards to cost and emphasis on core competencies. The services usually include research for drug and device extending to drug discovery, preclinical trials and post-marketing response. Data management and consulting forms a part of complementary services.

Clinical trial services represent the largest component as the services comprise trials for developmental stages on humans. From a commercial perspective, in vivo CRO industry is highly categorised depending on the type of service and scope of research offered. For instance, CRO industry growth mainly depends on R&D spending on an annual basis. Core competencies is another area of interest covered by CROs. Some CROs also engage with pharmaceutical companies in order to offer strategic collaborations for preclinical trials.

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