Global Medical Device Contract Research Organization (CRO) Market Analysis Report 2021 by Phase (Preclinical, Clinical), & Service (Regulatory/Medical Affairs, Clinical Monitoring) - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Medical Device Contract Research Organization Market Size, Share & Trends Analysis Report by Phase (Preclinical, Clinical), by Service (Regulatory/Medical Affairs, Clinical Monitoring), by Region (APAC, North America), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The global medical device contract research organization market size is expected to reach USD 12.1 billion by 2028, registering a CAGR of 8.6%

During the second half of the COVID-19 pandemic in 2020, the market witnessed a surge in demand for CRO services as compared to the first half, where the growth was stagnant.

The main driver of the market includes time-saving, cost efficiency, and expertise in the area, which accelerates the process of devices reaching the market. In addition, outsourcing to a CRO with precise expertise in a medical device helps in meeting the complex regulatory requirements and audits as they work on it on a daily basis.

They also have access to the most advanced technological resources, such as all the latest and most advanced hardware, software, and internet-based applications, to make the process fast and maintain quality. The presence of well-established players, mid-size firms, and a number of new start-ups offering great opportunities are also contributing to the medical device CRO market growth.

Moreover, the focus of the regulatory authority towards the treatment of the disease and funding in the medical device market has increased for the rapid testing, production, and manufacturing of medical devices required for the treatment of COVID-19 infected patients.

Medical Device Contract Research Organization Market Report Highlights

• The clinical segment dominated the market in 2020 and is expected to grow at a significant CAGR over the forecasted period
• The clinical monitoring segment accounted for the largest revenue share in 2020 due to an increasing number of clinical trials, which require a large amount of monitoring
• Asia Pacific is expected to be the fastest-growing regional market over the forecast period
• North America was the second-largest regional market in 2020 and is estimated to maintain the leading position over the forecast period
• The government support for R&D activities through grants & funds to research institutes & companies has driven the market growth in this region

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Medical Device CRO Market Variables, Trends & Scope

3.1. Market Lineage outlook

3.1.1. Parent market outlook

3.1.2. Related/ancillary market outlook

3.2. Penetration & Growth Prospect Mapping

3.3. COVID-19 pandemic impact on medical device CRO activity

3.4. Market Dynamics

3.4.1. Market Driver Analysis

3.4.1.1. Rising demand for advanced products

3.4.1.2. Increasing complexity with respect to product design and engineering

3.4.1.3. Increasing outsourcing to emerging countries due to cost benefit

3.4.2. Market Restraint Analysis

3.4.2.1. Compliance issues while outsourcing

3.4.3. Industry Challenge

3.5. Medical Device CRO: Market Analysis Tools

3.5.1. Industry Analysis - Porter's

3.5.2. PESTEL Analysis

Chapter 4. Medical Device CRO Market: Segment Analysis, By Phase, 2016 - 2028 (USD Million)

4.1. Segment Dashboard

4.2. Phase Market Share Analysis, 2020 & 2028

4.3. Medical Device CRO Market, By Phase, 2016 to 2028

4.4. Market Size & Forecasts and Trend Analyses, 2016 to 2028 for the following

4.4.1. Preclinical

4.4.2. Clinical

Chapter 5. Medical Device CRO Market: Segment Analysis, By Service, 2016 - 2028 (USD Million)

5.1. Segment Dashboard

5.2. Service Market Share Analysis, 2020 & 2028

5.3. Medical Device CRO Market, By Service, 2016 to 2028

5.4. Market Size & Forecasts and Trend Analyses, 2016 to 2028 for the following

5.4.1. Project Management/Clinical Supply Management

5.4.2. Data Management

5.4.3. Regulatory/Medical Affairs

5.4.4. Medical Writing

5.4.5. Clinical Monitoring

5.4.6. Quality Management/Assurance

5.4.7. Bio-statistics

5.4.8. Investigator Payments

5.4.9. Laboratory

5.4.10. Patient & Site Recruitment

5.4.11. Technology

5.4.12. Others

Chapter 6. Medical Device CRO Market: Regional Market Analysis, 2016 - 2028 (USD Million)

6.1. Regional Market Dashboard

6.2. Regional Market Share Analysis, 2020 & 2028

6.3. Market Size, & Forecasts, and Trend Analysis, 2016 to 2028

Chapter 7. Medical Device CRO Market- Competitive Analysis

• Icon Plc
• IQVIA
• LabCorp.
• Charles River Laboratories
• Syneos Health
• MedPace
• Promedica International
• Wuxi AppTec
• Eurofins
• Qserve Group

For more information about this report visit https://www.researchandmarkets.com/r/90m9hb

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