Japan Medical Device Contract Research Organization Market Size & Outlook
Japan medical device contract research organization market, 2018-2030 (US$M)
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Japan medical device contract research organization market highlights
- The Japan medical device contract research organization market generated a revenue of USD 501.8 million in 2023 and is expected to reach USD 978.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 10% 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 501.8 million |
| Market revenue in 2030 | USD 978.2 million |
| Growth rate | 10% (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, Japan accounted for 6.5% 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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Japan 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% in 2023. Horizon Databook has segmented the Japan medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid technological advancements and high healthcare expenditure are some of the key factors supporting the market in the country. Japan is expected to grow at a lucrative rate during the forecast period, owing to the rise in demand for new and cost-effective medical devices.
The presence of a stringent regulatory framework and high standards for medical device development are boosting the demand for CRO services in the country. There is a high demand for orthopedic and dental implants in the country, owing to the high burden of bone and dental-related illnesses.
In Japan, even if the medical device is approved in other countries, devices such as implants require local clinical trials. The growing demand for implants in Japan is likely to improve the number of new research studies, thus promoting the market growth in the country.
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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 Japan medical device contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into Japan medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan medical device contract research organization market size, by phase, 2018-2030 (US$M)
Japan Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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