The global contract research organization (CRO) services market was valued at USD 79.54 billion in 2023 and is projected to grow from USD 86.33 billion in 2024 to USD 175.46 billion by 2032, representing a compound annual growth rate (CAGR) of 9.3% over the forecast period. North America held the largest share of the market in 2023, accounting for 50.41%. The U.S. CRO services market is expected to grow significantly, with its market value estimated to reach USD 77.80 billion by 2032, driven by the increasing outsourcing of clinical trials.
In February 2024, Ergomed Group expanded its U.S. presence by opening a new office at Kendall Square in Cambridge, Massachusetts. This strategic move is expected to strengthen the company’s ability to deliver high-quality CRO services in the North American region, supporting the rising demand for outsourced clinical research services.
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