CRO Services Market Surges to USD 188.54 Billion by 2030, Propelled by 12.6% CAGR – Verified Market Reports | PR Newswire [Video]

, /PRNewswire/ –The CRO Services Market is expanding rapidly as pharmaceutical and biotechnology companies increasingly outsource research and development. Contract Research Organizations (CROs) offer services like clinical trials, regulatory support, and data management, enabling cost efficiency and faster time-to-market. The rise in drug discovery, personalized medicine, and biologics fuels demand. Advancements in AI-driven analytics and global collaboration are reshaping the industry, driving innovation and growth in the CRO sector. 

The Global CRO Services Market is projected to grow at a CAGR of 12.6% from 2024 to 2030, according to a new report published by Verified Market Reports^®. The report reveals that the market was valued at USD 82.62 Billion in 2023 and is expected to reach USD 188.54 Billion by the end of the forecast period.

The CRO (Contract Research Organization) services market is primarily driven by the increasing demand for outsourced research and clinical trials due to the rising cost and complexity of …