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Stock impact report

Contract Research Organization (CRO) Market Set to Grow at a CAGR of 8.1% Through 2034 as Biopharma Firms Seek Cost-Effective, Scalable R&D Solutions [Yahoo! Finance]

Charles River Laboratories International, Inc. (CRL) 
Last charles river laboratories international, inc. earnings: 2/11 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.criver.com
Company Research Source: Yahoo! Finance
Dublin, April 15, 2025 (GLOBE NEWSWIRE) -- The "Contract Research Organization (CRO) Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering. The Contract Research Organization (CRO) Market was valued at USD 59.8 billion in 2024, and is projected to reach USD 118.2 billion by 2034, rising at a CAGR of 8.1%. The demand for outsourced research services is surging as pharmaceutical and biotechnology firms seek cost-effective solutions to accelerate drug development and meet stringent regulatory requirements. With a growing number of clinical trials worldwide, CROs are playing a crucial role in streamlining drug discovery, reducing operational costs, and enhancing research efficiency. Investments in medical research continue to rise, further strengthening the market's growth trajectory. The increasing prevalence of chronic diseases is fueling the need for innovative treatments, driving pharmaceu Show less Read more
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