Europe Pharmaceutical Cro Market Size & Outlook, 2025-2030
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Europe pharmaceutical cro market highlights
- The Europe pharmaceutical cro market generated a revenue of USD 6,528.8 million in 2024.
- The market is expected to grow at a CAGR of 5.1% from 2025 to 2030.
- In terms of segment, clinical was the largest revenue generating type in 2024.
- Pre-Clinical is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 6,528.8 million |
| Market revenue in 2030 | USD 8,817.4 million |
| Growth rate | 5.1% (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, Europe region accounted for 15.8% of the global pharmaceutical cro market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 32,105.5 million by 2030.
Clinical was the largest segment with a revenue share of 75.71% in 2024. Horizon Databook has segmented the Europe pharmaceutical cro market based on drug discovery, pre-clinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Europe pharmaceutical CRO accounted for 15.84% market share in 2024 due to the presence of reputed pharmaceutical companies, numerous drug discoveries, and increased demand for CROs. In addition, many CROs specializing in drug discovery have their centers in European countries like the UK, Germany, and France, which is expected to contribute to market growth in this region.
Moreover, the growing trend of outsourcing services to European countries is expected to contribute to the increasing demand for pharmaceutical CRO in this region. The regional market is expected to be driven by a large patient population across Eastern & Western Europe and a centralized submission process for clinical trials.
In addition, rising demand for new drugs, the expansion of new facilities, and emerging R&D activities are changing market scenarios rapidly. For instance, in November 2023, private equity investor Henko Partners launched Astrum Contract Research Organization.
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Pharmaceutical CRO Market Scope
Pharmaceutical CRO Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CTI Clinical Trial and Consulting Services | View profile | 501-1000 | Covington, Kentucky, United States, North America | http://ctifacts.com |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.parexel.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| Medpace Holdings Inc | View profile | 5800 | 5375 Medpace Way, Cincinnati, OH, United States, 45227 | https://www.medpace.com |
| Wuxi AppTec Co Ltd | View profile | 41116 | 288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, China, People's Republic of, 200131 | https://www.wuxiapptec.com |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
Europe pharmaceutical cro market size, by country, 2018-2030 (US$M)
Europe Pharmaceutical CRO Market Outlook Share, 2024 & 2030 (US$M)
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