Middle East & Africa Medical Device Contract Research Organization Market Size & Outlook
Middle East & Africa medical device contract research organization market, 2018-2030 (US$M)
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MEA medical device contract research organization market highlights
- The MEA medical device contract research organization market generated a revenue of USD 425.3 million in 2023.
- The market is expected to grow at a CAGR of 9.1% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 425.3 million |
| Market revenue in 2030 | USD 782.0 million |
| Growth rate | 9.1% (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, MEA region accounted for 5.5% 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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Middle East & Africa 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 83.31% in 2023. Horizon Databook has segmented the Middle East & Africa medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Cost-effectiveness associated with outsourcing research activities in MEA is expected to improve clinical research in the region. Growing healthcare needs and various initiatives by the government to improve the healthcare infrastructure are also supporting the market in MEA.
Saudi Arabia, UAE, and Qatar have shown a strong commitment to AI development, and implementation. Adoption of such technologies in the region is expected to support market growth.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa medical device contract research organization market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA medical device contract research organization market size, by country, 2018-2030 (US$M)
Middle East & Africa Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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