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.