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A Slow Economy and High Development Costs to Drive Rise in Pharmaceutical Outsourcing to Contract Research Organizations
Date:8/22/2012

FARMINGTON, Conn., Aug. 22, 2012 /PRNewswire-iReach/ -- It's a well known data point that while the pills a doctor prescribes may cost pennies each to manufacture, the first pill cost many millions of dollars to research, develop, test, and certify. Along the way, many routes are pursued and ultimately dropped when they fail to yield marketable results. One way drug manufacturers can lower their costs and increase their output is to outsource stages of the process to Contract Research Organizations (CROs) that specialize in drug discovery, hit confirmation, and lead optimization.

(Photo: http://photos.prnewswire.com/prnh/20120822/CG61248)

Global Information Inc, in cooperation with its premium market research publishing partners, is pleased to announce three new market research reports exploring the market for CROs, providing valuable data for market participants – both CROs and pharmaceutical companies themselves – as well as investors, reporters, analysts, and regulators.

Contract Research Organization Market in the US 2011-2015

TechNavio's analysts forecast the Pharmaceutical Contract Research Organization market in the US will grow at a CAGR of 9.7 percent between 2011 and 2015. One of the key factors contributing to this is the increasing outsourcing of R&D activities. The CRO market in the US has also been witnessing the trend of emerging outsourcing destinations. However, the shortage of CRO staff could pose a challenge to the growth of this market.

TechNavio's report, The Contract Research Organization Market in the US 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the USA region; it also covers the Contract Research Organization market landscape
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SOURCE Global Information, Inc.
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