North America Medical Device Contract Research Organization Market Size & Outlook
North America medical device contract research organization market, 2018-2030 (US$M)
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North America medical device contract research organization market highlights
- The North America medical device contract research organization market generated a revenue of USD 1,900.7 million in 2023.
- The market is expected to grow at a CAGR of 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,900.7 million |
| Market revenue in 2030 | USD 3,265.8 million |
| Growth rate | 8% (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, North America region accounted for 24.5% 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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North America 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 81.93% in 2023. Horizon Databook has segmented the North America medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
North America is one of the major contributors to the global medical device contract research organization market. Rapid growth in the development of medical devices to meet the increasing demand for efficient healthcare in the North American region is expected to be one of the key factors propelling the market growth in North America. Additionally, the demand for reducing costs in medical device development is likely to promote market growth over the forecast period.
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Target buyers of North America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America medical device contract research organization market , including forecasts for subscribers. This continent databook contains high-level insights into North America medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America medical device contract research organization market size, by country, 2018-2030 (US$M)
North America Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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