Contract Research Organization Services (CROs) Market

The report "Contract Research Organization (CRO) Services Market by Type (Early Phase, Clinical, Lab, Consulting), Therapeutic Area (Cancer (Breast, Lung), Infectious, Neurology, Vaccines), Modality (Small Molecules, Biologics, Biosimilars) - Global Forecast to 2030", is expected to reach USD 125.95  billion in 2030 from USD 84.61 billion in 2025, at a CAGR of 8.3% during the forecast period. Some factors contributing to the growth of the global CRO services market include the increasing focus on precision medicine; the expanding pipeline of cell & gene therapies; and increasing technological advancements in clinical trials. Additionally, the growing focus on sustainability and green-lab solutions offers growth opportunities for market players.

Browse 883 market data Tables and 62 Figures spread through 633 Pages and in-depth TOC on "Contract Research Organization (CRO) Services Market by Type (Early Phase, Clinical, Lab, Consulting), Therapeutic Area (Cancer (Breast, Lung), Infectious, Neurology, Vaccines), Modality (Small Molecules, Biologics, Biosimilars) - Global Forecast to 2030"
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By modality, the medical devices segment is estimated to register the highest CAGR during the forecast period.

By modality, the CRO services market is segmented into small molecules, biologics, medical devices, and biosimilars. The medical devices segment is projected to register the highest  CAGR during the forecast period. The high growth rate of this segment is attributed to factors such as the high growth in medtech R&D and the stringent regulatory expectations for clinical evidence, post-market surveillance, and quality expectations. Moreover, rapid innovation in AI-enabled, wearable, structural-heart, neuromodulation, and robotics technologies is expanding trial volume and complexity, requiring CROs with device-specific expertise, therefore fueling the market growth of this segment.

By end user, the pharmaceutical & biopharmaceutical companies segment is expected to grow at the highest CAGR during the forecast period.

Based on end user, the CRO services market is segmented into pharmaceutical & biopharmaceutical companies, medical device companies and academic institutes. The medical device companies segment is expected to grow at the highest rate, owing to factors such as the increasing complexity and regulatory requirements associated with device development and approval, fueling demand for specialized CRO expertise to accelerate time-to-market. Additionally, many medical device companies are mid-sized or emerging players that lack in-house infrastructure for large-scale trials, making CRO partnerships a cost-effective solution.

The Asia Pacific region is expected to register the highest CAGR during the forecast period.

Based on the region, the CRO Services market is segmented into six regions: North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa. The Asia Pacific region is expected to register the highest growth rate during the forecast period, owing to the presence of high-growth hotspots such as India, China, and Japan that are focused on advancing research capabilities. The growing prevalence of chronic diseases has further fueled the need to outsource clinical services & research activities to CROs, thus supporting the market growth of this region during the forecast period.

The market for CRO services is competitive, with key players strategizing to capture the market. Prominent players in the CRO services market are IQVIA Inc. (US), Laboratory Corporation of America Holdings (US), Thermo Fisher Scientific Inc. (US), ICON Plc (Ireland), WuXi AppTec (China), Syneos Health (US), and Charles River Laboratories (US), among others.

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