U.S. Medical Device Contract Research Organization Market Size & Outlook
U.S. medical device contract research organization market, 2018-2030 (US$M)
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U.S. medical device contract research organization market highlights
- The U.S. medical device contract research organization market generated a revenue of USD 1,649.1 million in 2023 and is expected to reach USD 2,808.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.9% 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 1,649.1 million |
| Market revenue in 2030 | USD 2,808.5 million |
| Growth rate | 7.9% (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, U.S. accounted for 21.3% 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 North America, U.S. medical device contract research organization market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 457.2 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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U.S. 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 82.1% in 2023. Horizon Databook has segmented the U.S. medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. held the largest market share of 86.8% in North America market in 2023 and is projected to grow at a significant rate over the forecast period. Large medical device companies are outsourcing parts of their functions such as report writing & publishing, clinical trial application services, product design, and regulatory services, thereby contributing to the growth of the overall medical device contract research organization market in the U.S.
Moreover, medical device contract research organizations enable medical device companies to focus on their core capabilities, share associated risks, and improve service delivery, which helps the companies gain competitive advantages.
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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 U.S. medical device contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into U.S. medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. medical device contract research organization market size, by phase, 2018-2030 (US$M)
U.S. Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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