Global Medical Device Contract Research Organization Market Size & Outlook
Global medical device contract research organization market, 2018-2030 (US$M)
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Global medical device contract research organization market highlights
- The global medical device contract research organization market generated a revenue of USD 7,753.6 million in 2023 and is expected to reach USD 13,991.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.8% by 2030.
- In terms of segment, clinical accounted for a revenue of USD 6,594.8 million in 2023.
- Preclinical is the most lucrative phase segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,753.6 million |
| Market revenue in 2030 | USD 13,991.7 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Preclinical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Preclinical, Clinical |
Other key industry trends
- In terms of revenue, the North America accounted for 24.5% of the global medical device contract research organization market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 180.1 million by 2030.
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Medical Device Contract Research Organization Market Scope
Medical Device Contract Research Organization Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global medical device contract research organization market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical device contract research organization market will help companies and investors design strategic landscapes.
Clinical was the largest segment with a revenue share of 85.05% in 2023. Horizon Databook has segmented the Global medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Medical Device Contract Research Organization Phase Outlook (Revenue, USD Million, 2018-2030)
- Preclinical
- Clinical
- Global Medical Device Contract Research Organization Service Outlook (Revenue, USD Million, 2018-2030)
- Project Management/Clinical Supply Management
- Data Management
- Regulatory/Medical Affairs
- Medical Writing
- Clinical Monitoring
- Quality Management/ Assurance
- Bio-statistics
- Investigator Payments
- Laboratory
- Patient and Site Recruitment
- Technology
- Other Services
- Global Medical Device Contract Research Organization Device Type Outlook (Revenue, USD Million, 2018-2030)
- MedTech devices
- Diagnostic devices
- Handheld devices
- Other Device Type
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Target buyers of Global medical device contract research organization market databook
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Our clientele includes a mix of medical device contract research organization market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global medical device contract research organization market , including forecasts for subscribers. This global databook contains high-level insights into Global medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global medical device contract research organization market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical device contract research organization market size, 2023 (US$M)
Global medical device contract research organization market share, by phase, 2023 & 2030 (%, US$M)
Medical device contract research organization market: Opportunity assessment by country
Global medical device contract research organization market, by region, 2023 (US$M)
| Phase | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,402.0 | 1,488.5 | 1,574.2 | 1,669.6 | 1,778.9 | 1,900.7 | 2,036.6 | 2,188.2 | 2,357.6 | 2,547.2 | 2,759.6 | 2,997.9 | 3,265.8 | 8.0% |
| Europe | 1,189.5 | 1,269.9 | 1,350.5 | 1,440.5 | 1,543.5 | 1,658.4 | 1,786.9 | 1,930.8 | 2,091.9 | 2,272.9 | 2,476.2 | 2,705.1 | 2,963.5 | 8.7% |
| Asia Pacific | 2,266.7 | 2,433.3 | 2,602.1 | 2,790.4 | 3,006.4 | 3,248.0 | 3,518.9 | 3,823.0 | 4,164.8 | 4,549.8 | 4,984.0 | 5,474.9 | 6,030.4 | 9.2% |
| Latin America | 368.5 | 394.5 | 420.8 | 450.1 | 483.6 | 521.2 | 563.1 | 610.1 | 663.0 | 722.5 | 789.3 | 864.7 | 950.0 | 9.0% |
| MEA | 295.7 | 317.9 | 340.3 | 365.3 | 393.7 | 425.3 | 460.7 | 500.1 | 544.3 | 593.8 | 649.3 | 711.7 | 782.0 | 9.1% |
| Overall | 5,522.4 | 5,904.1 | 6,287.9 | 6,715.9 | 7,206.1 | 7,753.6 | 8,366.2 | 9,052.2 | 9,821.6 | 10,686.2 | 11,658.4 | 12,754.3 | 13,991.7 | 8.8% |
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