Preclinical CRO Market Report: Global Sales and Projections with a Robust CAGR of 10% (2023-2033)
According to a recently released analysis report by Persistence Market Research, the global Preclinical Contract Research Organization (CRO) market achieved sales of US$ 5.1 Billion in 2022. Projections indicate a robust Compound Annual Growth Rate (CAGR) of 9.2% from 2023 to 2033, aiming for a substantial market valuation of US$ 13.3 Billion by 2033. The highest revenue-generating segment is expected to be Toxicology Testing, foreseeing an impressive CAGR of 10% from 2023 to 2033. Persistence Market Researchs comprehensive market research and competitive intelligence report suggest a historical CAGR of approximately 7.6% from 2018 to 2022.
A Preclinical CRO Market plays a pivotal role in advancing a drug or medical device from conception to market. The multidisciplinary involvement of sc...