Global Pharmaceutical Cro Market Size & Outlook, 2024-2030
The pharmaceutical cro industry worldwide is expected to reach a projected revenue of US$ 62,989.5 million by 2030. A compound annual growth rate of 7.4% is expected of the worldwide pharmaceutical cro industry from 2025 to 2030.
Revenue, 2024 (US$M)
$41,217.7
Forecast, 2030 (US$M)
$62,989.5
CAGR, 2025 - 2030
7.4%
Report Coverage
Worldwide
Global pharmaceutical cro market, 2018-2030 (US$M)
Related Markets
Global pharmaceutical cro market highlights
- The global pharmaceutical cro market generated a revenue of USD 41,217.7 million in 2024 and is expected to reach USD 62,989.5 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 7.3% by 2030.
- In terms of segment, clinical accounted for a revenue of USD 31,159.4 million in 2024.
- Pre-Clinical is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Sweden is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 41,217.7 million |
| Market revenue in 2030 | USD 62,989.5 million |
| Growth rate | 7.3% (CAGR from 2024 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Pre-Clinical |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drug Discovery, Pre-Clinical, Clinical |
Other key industry trends
- In terms of revenue, the North America accounted for 24.0% of the global pharmaceutical cro market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Sweden is the fastest growing regional market and is projected to reach USD 284.3 million by 2030.
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Pharmaceutical CRO Market Scope
Pharmaceutical cro market segmentation & scope
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Pharmaceutical CRO Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global pharmaceutical cro market size, by regions, 2018-2030 (US$M)
Top 10 countries: Pharmaceutical cro market size, 2024 (US$M)
Global pharmaceutical cro market share, by type, 2024 & 2030 (%, US$M)
Pharmaceutical cro market: Opportunity assessment by country
Global pharmaceutical cro market, by region, 2024 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 6,930.3 | 7,222.5 | 7,790.1 | 8,472.4 | 8,923.5 | 9,411.4 | 9,897.5 | 10,421.1 | 10,985.5 | 11,594.4 | 12,251.6 | 12,961.4 | 13,728.7 | 5.7% |
| Europe | 4,695.3 | 4,871.5 | 5,231.0 | 5,663.9 | 5,939.0 | 6,235.9 | 6,528.8 | 6,843.7 | 7,182.3 | 7,546.7 | 7,939.0 | 8,361.7 | 8,817.4 | 5.2% |
| Asia Pacific | 10,809.3 | 11,698.4 | 13,100.7 | 14,773.0 | 16,112.1 | 17,584.3 | 19,124.0 | 20,811.2 | 22,661.4 | 24,692.5 | 26,923.0 | 29,397.8 | 32,105.5 | 9.1% |
| Latin America | 2,494.4 | 2,614.5 | 2,836.1 | 3,102.2 | 3,286.2 | 3,485.7 | 3,686.8 | 3,904.1 | 4,139.2 | 4,393.6 | 4,669.3 | 4,968.2 | 5,292.5 | 6.3% |
| MEA | 1,266.5 | 1,337.8 | 1,454.2 | 1,602.9 | 1,719.8 | 1,848.3 | 1,980.6 | 2,124.7 | 2,282.1 | 2,453.9 | 2,642.7 | 2,827.3 | 3,045.4 | 7.5% |
| Overall | 26,195.8 | 27,744.8 | 30,412.0 | 33,614.5 | 35,980.6 | 38,565.7 | 41,217.7 | 44,104.8 | 47,250.6 | 50,681.2 | 54,425.6 | 58,516.4 | 62,989.5 | 7.4% |
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