Medical Device Affairs Outsourcing Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theMedical Device Affairs Outsourcing Market?
The growing demand for medical devices is expected to drive the medical device affairs outsourcing market. As demand for medical devices rises due to better treatments and expanding healthcare facilities, companies seek to streamline operations and ensure regulatory compliance through outsourcing. The UK’s Medicines and Healthcare products Regulatory Agency reported an increase in registered medical products from 2.25 million in 2022 to 3.25 million in 2024. This growing demand for medical devices is driving the medical device affairs outsourcing market.
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#How Will the CAGR of the Medical Device Affairs Outsourcing Market Influence Its Overall Growth by 2034?
The medical device affairs outsourcing market size will grow from $5.08 billion in 2024 to $5.45 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to stringent and evolving regulatory requirements, increasing need for specialized knowledge in regulatory affairs, and companies increasingly focusing on their core competencies.
The medical device affairs outsourcing market is expected to grow to $7.16 billion in 2029 at a CAGR of 7.0%. The growth is due to increasing demand for medical devices, regulatory approvals, and rising healthcare expenditure. Trends include the rise of digital health technologies, AI and machine learning in devices, personalized medicine, and environmental sustainability focus.
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What Are the Current Market Growth and Trends in theMedical Device Affairs Outsourcing Market That Industry Players Should Watch?
Key companies in the medical device affairs outsourcing market are prioritizing decentralized clinical trials to boost the efficiency and flexibility of clinical research. A decentralized clinical trial (DCT) is a model designed to enhance medical device industry trials by supporting efficiency, compliance, and effectiveness. In March 2023, Syneos Health, a U.S.-based contract research and commercial services provider, launched a Decentralized Clinical Trial (DCT) Site Network, aiming to advance decentralized clinical trial adoption and improve patient participation and trial outcomes.
What Are the Major Market Players Making an Impact on theMedical Device Affairs Outsourcing Market Growth?
Major companies operating in the medical device affairs outsourcing market are Cardinal Health Inc., Flex Ltd., TE Connectivity Ltd., IQVIA Holdings Inc., Laboratory Corporation of America Holdings (Labcorp), Sanmina Corporation, ICON PLC, Celestica Inc., Eurofins Scientific SE, WuXi AppTec Inc., Intertek Group PLC, Charles River Laboratories International Inc., Plexus Corp., PAREXEL International Corporation, Teleflex Incorporated, Phillips-Medisize LLC, Integer Holdings Corporation, Mitutoyo Corporation, Cantel Medical Corp., Pace Analytical Services Inc., Onex Corporation, Sterigenics International LLC, Nortech Systems Incorporated, Nipro Medical Corporation, Avail Medsystems Inc
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How Are the Key Segments of the Medical Device Affairs Outsourcing Market Driving Opportunities and Innovations?
The medical device affairs outsourcingmarket covered in this report is segmented –
1) By Service: Regulatory Writing and Submissions, Regulatory Registration Services, Regulatory Consulting, Other Services
2) By Software: Cloud Based Software, On Premise Software
3) By End User: Pharmaceutical Companies, Medical Technology Companies, Other End Users
Subsegments:
1) By Regulatory Writing And Submissions: Clinical Trial Applications (CTAs), Investigational New Drug Applications (INDs), New Drug Applications (NDAs), Summary And Reports For Regulatory Agencies
2) By Regulatory Registration Services: Device Registration, Market Authorization Applications (MAAs), Product Listing And Establishment Registration
3) By Regulatory Consulting: Strategic Regulatory Planning, Regulatory Compliance Audits, Labeling And Advertising Compliance
4) By Other Services: Post-Market Surveillance, Training And Education, Quality Management System (QMS) Support, Risk Management And Assessment
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theMedical Device Affairs Outsourcing Market?# Market Expansion?
Europe was the largest region in the medical device affairs outsourcing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device affairs outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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