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Stock impact report

India CRO Market expected to reach USD 986.9 Million By 2027 at CAGR of 12.00% [MarketWatch]

IQVIA Holdings, Inc. (IQV) 
Last iqvia holdings, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.iqvia.com
Company Research Source: MarketWatch
Significant costs of drug development could play a major role in the market growth. Drug makers as well as sponsors are facing the pressure to curb the substantial revenue loss resulting from generics, surge in patent expiry as well as R&D costs, making drug development complex and more expensive. Additionally, the onus falling on the industry players to adhere to the strict timelines has fostered the need to outsource research activities. These factors have had a tremendous impact on the India CRO market. The clinical trials market has been progressing at an impressive rate, driven largely by the mounting demand for advanced solutions in the healthcare industry and alliances being formed between major biotech-pharma-medical device players with the CROs. In addition to this, the CRO market in the country also gains from the escalating R&D spending by the pharmaceutical sector, disconcerting rise in diseases, and the surge in research activities focused on multiple orphan drugs and r Show less Read more
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