Market Introduction
The north america medical devices and diagnostics contract research organization market in North America is further segmented into the US, Canada, and Mexico. The US held the largest share of the North America medical devices and diagnostics contract research organization market in 2020. The growing innovations in the medical devices and diagnostics, increasing R&D activities, presence of well-established marketing hubs and increasing demand for various monitoring and therapeutic medical devices resulting in introduction of novel products likely to account for the growth of the market in the region.
North America Medical Device and Diagnostics Contract Research Organization Strategic Insights
Strategic insights for the North America Medical Device and Diagnostics Contract Research Organization provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region.
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Market Overview and Dynamics
The medical device and diagnostics contract research organization market in North America is expected to grow from US$ 4,890.99million in 2021 to US$ 8,149.58 million by 2028; it is estimated to grow at a CAGR of 7.6% from 2021 to 2028. The CRO services industry is highly fragmented, with several hundred small and medium-sized limited-service providers, and a small number of large and full-service CROs. There are a few barriers for smaller CROs to enter the North America market. However, the full-service CROs require efficient infrastructure with an ability to simultaneously manage multiple complex testing services across numerous geographies, establish the requisite relationships with strategic partners, and develop relevant therapeutic and expertise to meet the needs of end users.
Market leaders and key company profiles
- Activa CRO
- Charles River Laboratories, Inc
- ICON PLC
- IQVIA
- Laboratory Corporation of America Holdings
- North American Science Associates, Inc.
- PAREXEL International Corporation
- Qserve Group B.V.
- WUXI APPTEC
Key Market Segments
The North America medical device and diagnostics contract research organization market is segmented into type, services, and country. Based on type, the North America medical device and diagnostics contract research organization market is segmented into medical devices and diagnostic. Diagnostic segment is further sub-segmented into cardiac biomarkers, diabetes management, oncology, infectious diseases, hematology, chemistry and immunoassays, molecular diagnostics, and others. The medical devices segment held the largest share of the market in 2020. Based on services, the North America medical device and diagnostics contract research organization market is segmented into clinical data management, monitoring, clinical project management, medical writing, clinical auditing, digital health, clinical strategy, and others. The clinical data management segment held the largest share of the market in 2020.
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