#uscontractresearchorganisation

A contract research organisation (CRO) is a service provider that offers various drug development and clinical data management services to the pharmaceutical and biotechnology industries that are involved in clinical trials (for both drugs and medical devices). CROs are divided into three categories: large, medium, and small niche specialty groups.

The major factors expected to stymie U.S. contract research organisation market growth over the forecast period are price fluctuations and the hidden costs of clinical research services. Furthermore, with the increased use of technological platforms, such as software for clinical data management, database management, document management, and others, additional costs are associated with the services. The use of such advanced technology improves the overall process and provides quality data; however, it raises the cost of outsourcing services, which is expected to stymie the growth of the contract research organisation (CRO) market in the United States during the forecast period.