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Mergers, Acquisitions, and Capacity Expansion: How CROs Are Scaling for Global Demand
The global small molecule drug discovery outsourcing market, valued at USD 4.48 billion in 2024, is projected to grow at a compound annual growth rate (CAGR) of 9.68% from 2025 to 2034, driven by rising R&D costs, talent shortages, and the pharmaceutical industry’s strategic pivot toward external innovation. This growth is not uniform across geographies, as regional disparities in...
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