UK Medical Device Contract Research Organization Market Size & Outlook
UK medical device contract research organization market, 2018-2030 (US$M)
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UK medical device contract research organization market highlights
- The UK medical device contract research organization market generated a revenue of USD 214.2 million in 2023 and is expected to reach USD 379.3 million by 2030.
- The UK market is expected to grow at a CAGR of 8.5% 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 214.2 million |
| Market revenue in 2030 | USD 379.3 million |
| Growth rate | 8.5% (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, UK accounted for 2.8% 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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UK 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 82.21% in 2023. Horizon Databook has segmented the UK medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
The main drivers of the regional market are presence of various multinational medical device companies, significant R&D spending, growing healthcare research, and rapidly evolving CROs focused on phases I to IV for development of new devices. Besides, the country is among the top five to invest in clinical trials and related activities.
In addition, the versatile population base in metropolitan cities proves to be beneficial for the trials. In addition, the UK government's initiatives to promote research drive the market growth. For instance, in March 2022, the UK government allocated GBP 200.0 million to support NHS-led health research into diagnostics and treatment. Similar initiatives by the government in the future are expected to have a positive impact on the 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 UK medical device contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into UK medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK medical device contract research organization market size, by phase, 2018-2030 (US$M)
UK Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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