Mexico Medical Device Contract Research Organization Market Size & Outlook
Mexico medical device contract research organization market, 2018-2030 (US$M)
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Mexico medical device contract research organization market highlights
- The Mexico medical device contract research organization market generated a revenue of USD 106.7 million in 2023 and is expected to reach USD 180.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.8% 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 106.7 million |
| Market revenue in 2030 | USD 180.1 million |
| Growth rate | 7.8% (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, Mexico accounted for 1.4% 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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Mexico 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 88.19% in 2023. Horizon Databook has segmented the Mexico medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is an attractive destination for outsourcing clinical trials as cost plays a major factor. Moreover, its proximity to the U.S. and availability of investigators in urban areas help in cost cutting. As the people in Mexico cannot afford treatment for chronic diseases, they usually prefer participating in such trials.
Hence, the availability of a diverse patient pool is one of the factors driving the market. The establishment of the Federal Commission for Protection against Sanitary Risk (COFEPRIS), and shortening the set-up time for clinical trials to 2 months have also attracted many clients.
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Target buyers of Mexico 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 Mexico medical device contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico medical device contract research organization market size, by phase, 2018-2030 (US$M)
Mexico Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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