Healthcare Contract Research Outsourcing Market Is Projected to Witness Cumulative Annual Growth Rate (CAGR) of over 6% from 2017 to 2025

Albany, NY -- (SBWIRE) -- 05/25/2018 -- The global healthcare contract research outsourcing market is rising with increasing complex regulatory process & growing regulatory burden. The global healthcare contract research outsourcing market was valued over US$ 30 Bn in 2016 and is projected to witness cumulative annual growth rate (CAGR) of over 6% from 2017 to 2025 to surpass the value of US$ 54 Bn by 2025. The global market is witnessing relatively higher growth owing to globalization of clnical trials, increasing efforts for optimization of costs and development time for drug development and rise in varied services and solutions offered by the CROs.