U.S. Contract Research Organization (CROs) Market, By Service Typ (Drug Discovery, Preclinical studies, Early Phase I - IIa, Phase IIa - III, Phase IIIb – IV, Medical coding and writing, Monitoring, Clinical Data Management, and Others), By Therapeutic Application (Oncology, Cardiovascular Diseases, Central Nervous System Diseases, Infectious Diseases, Immunological Disorders, Respiratory Disorders, and Others), By Size of CROs (Small Size, Medium Size, and Large Size)

Published In : Feb 2025

Code : CMI3179

Pages :301

Formats :

Excel and PDF

Industry : Pharmaceutical

U.S. Contract Research Organization (CROs) Market Size and Trends

The U.S. contract research organization (CROs) market is estimated to be valued at USD 21.85 Bn in 2025 and is expected to reach USD 49.56 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 12.4% from 2025 to 2032.

U.S. Contract Research Organization (CROs) Market Key Factors

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The U.S. contract research organization (CROs) market has been witnessing positive growth over the past few years. Rising R&D expenditure of pharmaceutical and biopharmaceutical companies and the emergence of new drug pipelines with complex molecules are expected to drive the market growth during the forecast period. In addition, the growing demand for specialized testing services and strategic partnerships between pharmaceutical companies and CROs to maximize outsourcing and reduce development costs are further expected to support the market expansion. However, pricing pressures, intense competition, and lack of harmonization of regulations globally may challenge market players over the next few years. Overall, increased R&D spending and outsourcing activities indicate a promising outlook for the U.S. contract research organization (CROs) market during the forecast years.

Market Driver – Increasing Number of Clinical Trials

Pharmaceutical and biotechnology companies are investing heavily in research and development (R&D) to bring new drugs and therapies to the market. As a result, there is a greater need for conducting clinical trials to test the safety and efficacy of these products. This increased research and development (R&D) expenditure boosts the demand for contract clinical research organization services. Increasing number of clinical trials globally is a key driver propelling the growth and expansion of the global contract clinical research organization market. For instance, according to the data published by Honeycomb Worldwide Inc., a company that operates in the pharmaceuticals industry, on May 17, 2023, there were 452,604 registered clinical trials globally on ClinicalTrials.gov. Out of the total registered studies, 64,838 are actively recruiting participants. This represents a significant increase from the over 365,000 registered trials reported in early 2021. It is clear that the clinical research landscape continues to expand at a substantial rate.