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Global and China Contract Research Organization (CRO) Market Report 2020: Market is Expected to be Worth $69.9 Billion with a YoY Spike of 9%


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In 2020, the world CRO market is expected to be worth $69.9 billion with a year-on-year spike of 9%.
The contract research organization (CRO) industry has been galloping amid the global pharmaceutical market steadily in headway, the vibrant financing in the medical and health sector, and the proliferating expenses for pharmaceutical R&D.
Competition pricks up among at least 1,100 CRO players worldwide led by LabCorp, IQVIA, Syneos, Parexel, PRA, PPD, and Charles River. In 2019, IQVIA, LabCorp and Syneos were the three leaders sweeping a combined market share of 21.5%.
China s great competitive edge over the developed countries in pharmaceutical R&D cost has allured many world-renowned pharmaceutical corporations and boosted the country s CRO industry. With speedy development over a decade, China has been an important CRO market whose market size in 2020 will soar 10.1% on an annualiz ....

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