Businesses opt for contract research for several reasons:
Cost Efficiency: Outsourcing research can be more cost-effective than maintaining in-house R&D departments. Access to Expertise: CROs often have specialized knowledge and state-of-the-art facilities that may not be available internally. Flexibility: Businesses can scale their research efforts up or down based on project needs without long-term commitments. Speed to Market: Accelerating the product development cycle can lead to faster time-to-market, providing a competitive edge.