China custom synthesis CRO market value

China custom synthesis CRO market value ，the 2014 CRO global market amounted to $27 billion, estimated to be $32 billion in 2017 and $59 billion in 2020. In 2014-2020, the CRO global market grew rapidly, with an annual CAGR of up to 13.91%.

Custom synthesis CRO Global market grows fast, $59 billion in 2020

In the 2014 global CRO Market, the clinical Trials (iv) CRO accounted for more than half of the world’s market share, up to 67%, of which three clinical trials accounted for 35%. More than half of the global clinical trial market share benefited from the increasing number of participating countries in clinical trials: from 2002 to 2012, the number of countries participating in each clinical trial study increased by 3 times times, thus increasing the clinical trials of three clinical endpoints by 85%, and the number of clinical trials that completed the relevant programme procedures increased by 58%.

In the past decade, the success rate of new drug research and development has been less and less. In the 60 ‘s, when new drug research and development investment increased, the number of newly approved molecular entities increased. After 2000, the number of new drug approvals has declined, even though new drug research and development investment has continued to grow at a high rate.