Preclinical CRO Market Outlook, Global Size, Share, Trends and Industry Statistics 2023-2028
The latest report published by IMARC Group, titled “Preclinical CRO Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. ”, offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market. How Big is the Preclinical CRO Market? The global preclinical CRO market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028. What is Preclinical CRO Market? A preclinical contract research organization (CRO) is a specialized entity that offers outsourced research services to pharmaceutical, biotechnology, and medical device companies for the purpose of drug and product development. These organizations are instrumental during the preclinical phase, a critical stage that precedes clinical trials involving huma