Norway Medical Device Contract Research Organization Market Size & Outlook
Norway medical device contract research organization market, 2018-2030 (US$M)
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Norway medical device contract research organization market highlights
- The Norway medical device contract research organization market generated a revenue of USD 83.7 million in 2023 and is expected to reach USD 145.2 million by 2030.
- The Norway market is expected to grow at a CAGR of 8.2% 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 83.7 million |
| Market revenue in 2030 | USD 145.2 million |
| Growth rate | 8.2% (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, Norway accounted for 1.1% 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 Europe, Germany medical device contract research organization market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 278.6 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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Norway 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 82.2% in 2023. Horizon Databook has segmented the Norway medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
The geriatric population in Norway is witnessing a steady rise, which is expected to improve the demand for new medical devices and thus support demand for related research in Norway, driving the market.
However, a significant number of medical device companies are outsourcing medical device research to Asia Pacific countries owing to the low cost of clinical research services and availability of developed infrastructure, which is expected to be one of the major reasons for the low share of the Norwegian market.
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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 Norway medical device contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into Norway medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway medical device contract research organization market size, by phase, 2018-2030 (US$M)
Norway Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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