Preclinical Cro Market Size, Share, Growth, Trends and Industry Analysis Report, 2018 to 2025

The global preclinical CRO market size was valued at USD 3.25 billion in 2016 and is expected to grow at a CAGR of 8.3%%%% during the forecast period. Increase in focus of life science companies on their core competencies coupled with rise in outsourcing of noncore functions is further expected to contribute to the growth of preclinical CROs market. There has been a significant rise in R&D budget for early stage and late-stage drug development processes, which is further expected to contribute to the market growth.