Asia Pacific Medical Device Contract Research Organization Market Size & Outlook
Asia Pacific medical device contract research organization market, 2018-2030 (US$M)
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Asia Pacific medical device contract research organization market highlights
- The Asia Pacific medical device contract research organization market generated a revenue of USD 3,248.0 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, clinical was the largest revenue generating phase in 2023.
- Preclinical is the most lucrative phase segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,248.0 million |
| Market revenue in 2030 | USD 6,030.4 million |
| Growth rate | 9.2% (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 |
| Key market players worldwide | IQVIA Holdings Inc, Charles River Laboratories International Inc, Icon PLC, Syneos Health, Labcorp Holdings Inc, Wuxi AppTec Co Ltd, Medpace Holdings Inc, Eurofins Scientific SE, Promedica International, Qserve |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.9% of the global medical device contract research organization market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,030.4 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 |
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Asia Pacific 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 88.02% in 2023. Horizon Databook has segmented the Asia Pacific medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific held the largest market share of 41.9% of medical device contract research organization market in 2023. The region is also expected to grow at the fastest rate during the forecast period due to the availability of a number of opportunities in this region, especially in Japan, China, Australia, and India.
Various factors such as improvements in the regulatory framework, higher cost savings, increasing complexity in devices, and a growing number of medical device research organizations in the region are expected to drive the market.
Moreover, rising rate of outsourcing consulting services from developed economies to emerging economies, such as India & China, and the availability of a skilled workforce at a lower cost than in the U.S. and European countries are expected to accelerate market growth.
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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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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 continent-level data and insights on the Asia Pacific medical device contract research organization market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific medical device contract research organization market size, by country, 2018-2030 (US$M)
Asia Pacific Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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