Contract Research Organization Drift in the Market
Contract Research Organization (CRO) speaking literally refers to a person or an organization who is contracted to conduct clinical trials and duties with sponsor. Over the last decade CRO market has witnessed a spurious rise worldwide with millions of workforce employed with them. The figures that were $1 billion for CROs in early 90’s stands at around $6 billion at present date. Among the global CRO market, India holds a market of $300 to $500 million in the field of Clinical Research Organization (CRO).
CROs provide wide array of services in Clinical Research field. They can either be specialized in any number of services that can be offered for Clinical Researches. Besides Clinical Researches, CRO also provide development services for Non- Clinical like pharmaceutical, bioscience, medical devices industry, petrochemicals etc.
Major Services that CRO’s provide:
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Site Management
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Clinical Trial Data Management
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Clinical Trial Project Management
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BA/BE Services
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Medical & Protocol Writing
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Clinical Trial Monitoring and Auditing
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Central Lab Services
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Regulatory Affairs
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Clinical Trial Logistics Services
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Clinical Supplies Manufacturing & Packaging/Labelling.
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Education & training
