Contract Research Organizations are Mapped in a Global Perspective
Kevin Young — March 17, 2012 — Lifestyle
References: assaydepot & blog.assaydepot
Contract Research Organizations (CROs) are imperative to pharmaceutical and biotech companies. They help by pushing new drugs and devices from conception to market approval, and as pharmaceutical and biotech research prevails, it’s important to know who is conducting your research. Some don’t mind their drugs coming from halfway around the world while others prefer it to be more local.
The infographic maps out and locates CROs around the world, revealing North America to be the most densely populated followed by Europe. It breaks down even further, as Contract Research Organizations are magnified in the United States showing the east coast to have the most CRO activity.
A report by CRO market outlooks shows the 2008 CRO market size to be $20 billion and suggested the market will grow annually at 8.5%, reaching $35 billion in 2015.
The infographic maps out and locates CROs around the world, revealing North America to be the most densely populated followed by Europe. It breaks down even further, as Contract Research Organizations are magnified in the United States showing the east coast to have the most CRO activity.
A report by CRO market outlooks shows the 2008 CRO market size to be $20 billion and suggested the market will grow annually at 8.5%, reaching $35 billion in 2015.
Trend Themes
1. Global CRO Mapping - The mapping of Contract Research Organizations (CROs) around the world provides insights on their distribution and density, highlighting potential opportunities for collaboration or competition.
2. Regional CRO Concentration - The concentration of CRO activity on the east coast of the United States signifies an innovation hotspot that could spur advancements in pharmaceutical and biotech research in the region.
3. Growing CRO Market - The projected annual growth of the CRO market at 8.5% until 2015 presents opportunities for business professionals to capitalize on the increasing demand for contract research services.
Industry Implications
1. Pharmaceuticals - Pharmaceutical companies can leverage the global CRO mapping to identify potential research partners and expand their drug development capabilities.
2. Biotechnology - The concentration of CRO activity on the east coast of the United States offers biotech companies a region with a high density of research expertise and infrastructure.
3. Market Research Services - The growing CRO market presents opportunities for market research service providers to cater to the increasing demand for contract research services and insights in the pharmaceutical and biotech industries.
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