Healthcare Contract Research Organization Market Size Is Expected To Reach USD 66.1 Billion By 2028
San Francisco, 28 April 2021: The Report Healthcare Contract Research Organization Market Size, Share & Trends Analysis Report By Type (Drug Discovery, Pre-clinical, Clinical), By Service (Clinical Monitoring, Regulatory/Medical Affairs), And Segment Forecasts, 2021 - 2028 The global healthcare contract research organization market size is expected to reach USD 66.1 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.6% from 2021 to 2028. The increasing cost of drug development is expected to drive the market over the forecast period. Moreover, rising clinical trial cost and challenges pertaining to patient recruitment have led biopharmaceutical companies to turn to regions like Central and Eastern Europe, Asia Pacific, Latin America, and the Middle East for cost savings and quick patient recruitment. In addition, growing pressure on industry players to follow stringent timelines has increased the demand for outsourc