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The global Contract Research Organization (CRO) services market size was valued at USD 85.54 billion in 2024 and is projected to grow from USD 92.27 billion in 2025 to USD 175.53 billion by 2032, exhibiting a CAGR of 9.6% during the forecast period. The strong growth of this market is attributed to the increasing outsourcing of R&D activities, rising drug development costs, and the growing complexity of clinical trials.
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