https://www.fortunebusinessinsights.com/industry-reports/contract-research-organization-cro-services-market-100864


https://www.fortunebusinessinsights.com/industry-reports/contract-research-organization-cro-services-market-100864

Contract Research Organization Services Market
Share by Client Type: Pharma, Biotech, Medical
Devices – 2032
The CRO services market supports pharmaceutical, biotechnology, and medical device firms by providing
outsourced research and development services—ranging from early-stage discovery and preclinical work to
clinical trial management, regulatory support, and post-market surveillance. Growth in this market is fueled
by increasing complexity of drug development, rising costs, global trial demand, and a strategic shift toward
outsourcing specialized work. As biopharma companies look to streamline operations and speed up
development, CROs play a vital role in accelerating innovation and bringing new therapies to patients.
According to Fortune Business Insights, the global Contract Research Organization (CRO) services
market was valued at USD 85.54 billion in 2024. The market is projected to grow from USD 92.27 billion in
2025 to USD 175.53 billion by 2032, exhibiting a CAGR of 9.6% during the forecast period. In 2024, North
America dominated the CRO services market with a market share of 50.19%.