Saudi Arabia Medical Device Contract Research Organization Market Size & Outlook
Saudi Arabia medical device contract research organization market, 2018-2030 (US$M)
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Saudi Arabia medical device contract research organization market highlights
- The Saudi Arabia medical device contract research organization market generated a revenue of USD 85.9 million in 2023 and is expected to reach USD 158.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.2% 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 85.9 million |
| Market revenue in 2030 | USD 158.8 million |
| Growth rate | 9.2% (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, Saudi Arabia 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 Middle East & Africa, Saudi Arabia medical device contract research organization market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 115.3 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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Saudi Arabia 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 83.12% in 2023. Horizon Databook has segmented the Saudi Arabia medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia FDA has created a state-of-the-art regulatory framework that supports clinical trials and development & manufacturing of medical devices in the country. Furthermore, the availability of world-class healthcare infrastructure and increase in the number of industry experts trained rapidly are supporting the market in Saudi Arabia.
Saudi Arabia medical device approval process is not as stringent as that of developed countries. This is expected to improve the interest of medical device companies to invest in research, thus supporting the market growth in Saudi Arabia.
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Target buyers of Saudi Arabia 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia medical device contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia medical device contract research organization market size, by phase, 2018-2030 (US$M)
Saudi Arabia Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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