Contract Research Organization (CRO) Research: China CRO market size is projected to reach USD 12.04

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Contract Research Organization (CRO) Research: China CRO market size is projected to reach USD 12.04 billion by 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “Contract Research Organization (CRO)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”. Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Contract Research Organization (CRO) was estimated to be worth US$ 80530 million in 2024 and is forecast to a readjusted size of US$ 169710 million by 2031 with a CAGR of 11.4% during the forecast period 2025-2031.

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https://www.qyresearch.com/reports/3474123/contract-research-organization--cro

CRO Market Summary

A Contract Research Organization (CRO) is a specialized company that provides comprehensive support to the pharmaceutical and biotechnology industries. These organizations play an important role in the drug development process, offering a wide range of services including clinical trial management, preclinical research, regulatory affairs, data management, and more. The primary objective of CROs is to facilitate efficient, cost-effective, and compliant research, which ultimately aids in bringing new drugs and therapies to the market.

The CRO industry is primarily driven by the escalating cost and complexity of drug development, which compels pharmaceutical and biotech companies to seek external expertise for efficiency and cost containment. A significant driver is the relentless pressure to accelerate time-to-market for new therapies to maximize commercial returns within finite patent lifetimes. Furthermore, the industry is buoyed by a robust pipeline of innovative but highly complex modalities, such as cell and gene therapies, mRNA vaccines, and precision medicine, which require specialized knowledge that sponsors often lack in-house. The increasing globalization of clinical trials, aiming for faster patient recruitment and diverse genetic pools, also expands the need for CROs with extensive international networks. Lastly, stringent and evolving regulatory requirements across different regions necessitate partners with proven expertise in navigating the approval process, ensuring compliance, and mitigating development risks.

Key trends shaping the CRO landscape include the rapid adoption of digital transformation technologies. Artificial Intelligence (AI) and Machine Learning (ML) are being leveraged for predictive analytics, patient recruitment, and site selection, while Real-World Evidence (RWE) is gaining prominence for supporting regulatory decisions and market access. There is also a notable industry shift towards strategic partnerships beyond traditional transactional relationships, with sponsors and CROs engaging in long-term, functional outsourcing alliances to foster collaboration and share risks and rewards. Additionally, the rise of decentralized clinical trials (DCTs), utilizing telemedicine, wearable devices, and home health services, is becoming mainstream to enhance patient convenience and data collection. Finally, consolidation through M&A continues as larger CROs acquire niche players to gain new capabilities, expand therapeutic expertise, and achieve greater geographic scale.

Figure00001. China CRO Market Size (US$ Million), 2024 vs 2031

Contract Research Organization (CRO)

Above data is based on report from QYResearch: China CRO Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

According to the new market research report “China CRO Market Report 2025-2031”, published by QYResearch, China CRO market size is projected to reach USD 12.04 billion by 2031, at a CAGR of 9.2% during the forecast period.

Figure00002. China CRO Top 16 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Contract Research Organization (CRO)

Above data is based on report from QYResearch: China CRO Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, China key manufacturers of CRO include IQVIA HOLDINGS INC., WuXi AppTec, Hangzhou Tigermed Consulting, Thermo Fisher, JOINN Laboratories, etc. In 2024, China top five players had a share approximately 31.0% in terms of revenue.

Figure00003. CRO, China Market Size, Split by Product Segment

Contract Research Organization (CRO)

Based on or includes research from QYResearch: China CRO Market Report 2025-2031.

In terms of product type, currently Clinical CRO is the largest segment, hold a share of 51.79%.

In terms of product application, currently Biological Drugs is the largest segment, hold a share of 50.13%.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Contract Research Organization (CRO) market is segmented as below:
By Company
Labcorp
IQVIA
Syneos Health
Parexel
PRA
PPD
CRL
ICON
Wuxi Apptec
Medpace Holdings
Tigermed
Boji Medical Technology
Pharmaron

Segment by Type
Preclinical CRO
Clinical Trial CRO

Segment by Application
Pharmaceutical
Biotechnology
Medical Device
Others

Each chapter of the report provides detailed information for readers to further understand the Contract Research Organization (CRO) market:

Chapter 1: Introduces the report scope of the Contract Research Organization (CRO) report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Contract Research Organization (CRO) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Contract Research Organization (CRO) market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Contract Research Organization (CRO) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Contract Research Organization (CRO) in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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