Brazil Medical Device Contract Research Organization Market Size & Outlook
Brazil medical device contract research organization market, 2018-2030 (US$M)
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Brazil medical device contract research organization market highlights
- The Brazil medical device contract research organization market generated a revenue of USD 220.9 million in 2023 and is expected to reach USD 389.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.4% 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.
Medical device contract research organization market data book summary
| Market revenue in 2023 | USD 220.9 million |
| Market revenue in 2030 | USD 389.4 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Preclinical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 2.8% of the global medical device contract research organization market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil medical device contract research organization market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 82.7 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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Brazil 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 88.32% in 2023. Horizon Databook has segmented the Brazil medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is a large country with population of over 203.0 million people, making it a heavily populated country in Latin America. The high population of the country is easing the need for patient recruitment for clinical trials in the country. The country is a member of the Medical Devices Single Audit Program (MDSAP), along with the U.S., Canada, Australia, and Japan for the approval of a mutually recognized international audit program performed by third-party companies.
This expedites approval processes for new products in the country. Such factors are expected to boost the demand for medical device clinical trials in the country, thus supporting the market in Brazil.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil medical device contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into Brazil medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil medical device contract research organization market size, by phase, 2018-2030 (US$M)
Brazil Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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