PUBLISHER: Grand View Research | PRODUCT CODE: 1869583
PUBLISHER: Grand View Research | PRODUCT CODE: 1869583
The global healthcare contract research organization market size was estimated at USD 55.84 billion in 2024 and is projected to reach USD 105.73 billion by 2033, growing at a CAGR of 7.42% from 2025 to 2033. The market growth is driven by increasing investments in drug development, growing R&D activities, expanding regulatory requirements, globalization of trials, and the increasing complexity of clinical trials.
Contract research organizations offer a range of expertise in various services compared with pharmaceutical companies in conducting clinical trials across multiple geographies and developing drugs in specific therapeutic areas, which is one of the major factors driving the market growth in the pharmaceutical industry. Moreover, the reliance on CROs has increased due to rising pressure on drug developers regarding clinical data management, evolving regulatory requirements, and stringent safety standards, further creating rising requirements for services. In addition, most pharmaceutical and medical device companies are outsourcing drug/device production, leading to increased clinical trials with trial privatization fueling increasing engagement in the developed countries.
Furthermore, an increasing burden of non-communicable diseases (NCDs) and the rapidly growing aging population are also some of the factors contributing to the market growth. For instance, in October 2024, CDC mentioned that it had estimated that over 90% of adults aged 65 and above were affected by at least one chronic health condition. This increasing burden of chronic diseases is anticipated to drive the complexity of clinical trials, necessitating more specialized protocols, longer study durations, and advanced data management solutions. In addition, rising life expectancy increases morbidity, leading to more age-related diseases such as dysfunction, and dementia. This further creates a need for proper management of chronic diseases along with digital technology that transforms the entire process of drug development. The advent of mobile & wearables, Artificial Intelligence (AI), cloud technology, and associated platforms now enable the collection of frequent, precise, & multidimensional data during trials. These advanced technologies have the potential to enable innovative trial designs that lead to easy recruitment & retention, an improved patient experience, and established novel endpoints in clinical studies.
Furthermore, as the globalization of clinical trials increases, companies navigate diverse regulatory frameworks across multiple geographies. The rising stringency of regulatory bodies such as the FDA, EMA, and local health authorities has propelled the need for robust compliance systems. CROs offer professional regulatory knowledge and standardized processes to ensure trials meet global standards. They also provide continuous support for documentation and ethics submissions. CROs allow sponsors to achieve faster market access by mitigating compliance risks and accelerating approvals. As regulatory environments become more complex, reliance on CROs has intensified, driving sustained growth in the healthcare CRO market.
Global Healthcare Contract Research Organization Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global healthcare contract research organization market report based on type, service, therapeutic area, molecule and region: