Topic: Contract Research Organisation (CRO) Services Market Report and Foreca
The global Contract Research Organisation (CRO) Services Market is projected to reach USD 73.77 billion by 2025 from USD 47.77 billion in 2020, at a CAGR of 9.1% during the forecast period. Market growth can be attributed to the growing R&D expenditure, increased outsourcing of R&D activities, and an increasing number of clinical trials. The global CRO services market, by therapeutic area, is segmented into oncology, CNS disorders, infectious diseases, CVS disorders, metabolic disorders, respiratory disorders, immunological disorders, ophthalmology, and other therapeutic areas.
The Industrial oils market is estimated to account for a value of USD 60.2 billion in 2019 and is projected to grow at a CAGR of 5.0% from 2019, to reach a value of USD 80.7 billion by 2025.