China Medical Device Contract Research Organization Market Size & Outlook
China medical device contract research organization market, 2018-2030 (US$M)
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China medical device contract research organization market highlights
- The China medical device contract research organization market generated a revenue of USD 371.7 million in 2023 and is expected to reach USD 699.5 million by 2030.
- The China market is expected to grow at a CAGR of 9.5% 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 371.7 million |
| Market revenue in 2030 | USD 699.5 million |
| Growth rate | 9.5% (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, China accounted for 4.8% 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 Asia Pacific, Japan medical device contract research organization market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 613.7 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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China 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 88.03% in 2023. Horizon Databook has segmented the China medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the most technologically advanced countries in Asia Pacific and significantly contributes to the healthcare industry in the region. Its growing geriatric population and the presence of a large middle-income group are likely to boost the demand for innovative & cost-effective medical equipment, thus creating an opportunity for clinical research services for medical devices in the country.
Low cost of labor is one of the key factors boosting outsourcing of clinical research services to China. Thus, the number of clinical research in China is expected to grow in the country. This is expected to support the market growth in China.
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Target buyers of China 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China medical device contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into China medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China medical device contract research organization market size, by phase, 2018-2030 (US$M)
China Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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