How the Medical Device Contract Research Organization (CRO) Market is Positioned for Growth: Trends, Market Size, and Future Opportunities (2025-2034)
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Medical Device Contract Research Organization (CRO) Market?
The rise in the number of clinical trials is expected to fuel the medical device contract research organization (CRO) market. Clinical trials, required for testing medical devices, are increasing as new treatments and medical devices are developed. CROs provide expertise in managing clinical trials for medical devices. The National Library of Medicine reported an increase in registered clinical trials from 477,227 in 2023 to 506,371 in 2024, with 52,731 medical device studies registered. The growing number of clinical trials is driving the growth of the medical device CRO market.
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#What is the Anticipated CAGR of theMedical Device Contract Research Organization (CRO) Market, and What Factors Will Drive It?
The medical device contract research organization (CRO) market size will grow from $9.93 billion in 2024 to $10.64 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing demand for clinical trials, growing regulatory requirements, rising complexity of medical devices, high research and development costs, and an increase in chronic diseases.
The medical device contract research organization (CRO) market is expected to grow to $13.84 billion in 2029 at a CAGR of 6.8%. Growth factors include the adoption of digital health technologies, patient safety, biologics growth, home healthcare devices, and environmental sustainability. Trends include AI-driven analytics, personalized medicine expansion, real-world evidence in clinical trials, patient-centric trial designs, and cloud-based data management.
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What Are the Most Significant Market Trends Transforming theMedical Device Contract Research Organization (CRO) Market?
Leading firms in the medical device contract research organization (CRO) market are combining traditional services with advanced technology, such as hybrid and virtual trial models, to improve trial efficiency, accelerate participant enrollment, and streamline regulatory compliance. For example, in June 2024, Lindus Health, a U.K.-based clinical trials company, introduced the All-in-One Medical Device CRO. This solution integrates traditional CRO services with advanced technology, such as their proprietary Citrus eClinical platform, to streamline trial processes and enhance recruitment.
What Are the Top Market Players Propelling the Growth of theMedical Device Contract Research Organization (CRO) Industry?
Major companies operating in the medical device contract research organization (CRO) market are Thermo Fisher Scientific Inc., IQVIA Inc., Laboratory Corporation of America Holdings, ICON plc, Eurofins Scientific SE, WuXi AppTec, Syneos Health, Charles River Laboratories, PAREXEL International, Medpace Holdings, Inc., Hangzhou Tigermed Consulting Co Ltd., Caidya, QPS Holdings LLC, Avania B.V., Veristat, Cromsource S.R.L., Osmunda Medical Technology Service Group, MedTrials Inc., Boston Biomedical Associates, Hangzhou CIRS Technology Group Co Ltd., Clinlogix, Shanghai Haofeng Medical Technology Co Ltd., Promedica International, Qingdao Novelbeam Technology Co Ltd., CSSi LifeSciences, Lingboyihui, Medidee Services
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Which Primary Segments of the Medical Device Contract Research Organization (CRO) Market Are Driving Growth and Industry Transformations?
The medical device contract research organization (CRO) market covered in this report is segmented –
1) By Service: Project Management Or Clinical Supply Management, Regulatory Or Medical Affairs, Medical Writing, Clinical Monitoring, Quality Management Or Assurance, Bio Statistics, Investigator Payments, Laboratory, Patient And Site Recruitment, Other Services
2) By Device Type: MedTech Devices, Diagnostic Devices, Handheld Devices, Other Device Types
3) By Phase: Preclinical, Clinical
4) By Application: Cardiology, Diagnostic Imaging, Orthopedic, In Vitro Diagnostics (IVD), Ophthalmic, General And Plastic Surgery, Drug Delivery
Subsegments:
1) By Project Management Or Clinical Supply Management: Study Planning and Coordination, Clinical Supply Chain Management, Vendor Management
2) By Regulatory or Medical Affairs: Regulatory Strategy Development, Medical Affairs Support, Regulatory Submission Preparation
3) By Medical Writing: Clinical Study Protocols, Clinical Study Reports (CSRs), Regulatory Submission Documents, Patient Information Leaflets
4) By Clinical Monitoring: Site Selection and Initiation, On-site Monitoring Visits, Remote Monitoring, Data Verification
5) By Quality Management or Assurance: Quality Assurance Audits, Standard Operating Procedure (SOP) Development, Compliance Management
6) By Biostatistics: Statistical Analysis Plan Development, Data Management And Analysis, Clinical Trial Design
7) By Investigator Payments: Payment Processing Services, Financial Disclosure Management
8) By Laboratory Services: Clinical Laboratory Testing, Bioanalytical Testing, Pathology Services
9) By Patient And Site Recruitment: Site Feasibility Assessment, Patient Recruitment Strategies, Retention And Engagement Strategies
10) By Other Services: Training And Education, Risk Management, Post- market Surveillance, Data Management Services
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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Medical Device Contract Research Organization (CRO) Market?# Market?
Asia-Pacific was the largest region in the medical device contract research organization (CRO) market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device contract research organization (CRO) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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