North America Medical Device and Diagnostics Contract Research Organization Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Medical Devices, and Diagnostics) and Services (Clinical Data Management, Monitoring, Clinical Project Man

North America Medical Device and Diagnostics Contract Research Organization Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Medical Devices, and Diagnostics) and Services (Clinical Data Management, Monitoring, Clinical Project Management, Medical Writing, Clinical Auditing, Digital Health, Clinical Strategy, and Others)

The medical device and diagnostics contract research organization market in North America is expected to grow from US$ 4,890.99 million 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.

Pharmaceutical, medical device, and biotechnology companies adopt research and development (R&D) strategies to come up with new molecules for various therapeutic applications with the greatest medical and commercial potential. The companies invest majorly in R&Ds to deliver high-quality and innovative products to the market. R&D spending by biopharmaceutical companies has also increased over the years. According to a report of Pharmaceutical Research and Manufacturers of America (PhRMA), the R&D expenditure of the top 10 biopharmaceutical companies was US$ 82 billion collectively in 2019. Additionally, the rising number of clinical trials in North America is among the other factors expected to fuel the demand for medical device and diagnostics contract research organizations in North America.

Based on type, the medical devices segment led the North America medical device and diagnostics contract research organization market in 2020. Medical devices CRO services include regulatory approvals and compliance associated with various governing authorities. Companies offer various services such as clinical monitoring, data management, biostatistics, vendor management, legal representation, and consulting services. The increasing prevalence of chronic conditions, coupled with the rising number of product launches, is estimated to accelerate the segment growth. Further, the growing number of business activities among market players is estimated to offer a favorable opportunity for segment growth. For instance, in January 2021, NAMSA, one of the leading contract research organizations, announced the acquisition of Syntactx. The company acquired Syntactx to expand its medical devices CRO capabilities in the international market.

In North America, the US was greatly affected by the COVID-19 pandemic. The country has marked the highest number of positive patients. Across the nation, various healthcare facilities centers were opened only for COVID-positive patients. Few admissions were made for patients living with chronic conditions. Additionally, during the COVID-19 crisis, the high demand for medical devices and personal protective equipment (PPE) is seen as millions of healthcare professionals are unprotected in the middle of this situation because governments around the world were not prepared for such a pandemic. To overcome these problems, many companies are collaborating with various private and government facilities. For instance, Global Center for Medical Innovation (GCMI), in partnership with Children’s Healthcare of Atlanta and the Georgia Tech Pediatric Technology Center, has completed its first design files for those wishing to produce Face Shields for healthcare providers, the first in what they hope will be a series of designs for badly needed PPE items. Also, in collaboration with Verily the US-based Alphabet company behind the Project Baseline the COVID-19 online screening website, Carbon, has created a face shield that can easily be manufactured on industrial 3D printers. However, the contract-based research and manufacturing activities for all the non-essential medical devices were hampered due to strict imposition of company shutdowns in the region. Industries, however, need to adopt long-term, permanent solutions to challenges that arose due to COVID. Overall, the COVID-19 created a negative impact on the growth of the medical devices and diagnostics contract research organization market.

The overall North America medical device and diagnostics contract research organization market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the North America medical device and diagnostics contract research organization market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the North America medical device and diagnostics contract research organization market. 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.; and WUXI APPTEC are among the key players operating in the medical device and diagnostics contract research organization market.

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1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Medical Device and Diagnostics Contract Research Organization Market – By Type
1.3.2 North America Medical Device and Diagnostics Contract Research Organization Market – By Services
1.3.3 North America Medical Device and Diagnostics Contract Research Organization Market – By Country
2. North America Medical Device and Diagnostics Contract Research Organization Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Medical Device and Diagnostics Contract Research Organization Market – Market Landscape
4.1 Overview
4.2 North America PEST Analysis
4.3 Experts Opinion
5. North America Medical Device & Diagnostics Contract Research Organization Market– Key Market Dynamics
5.1 Drivers
5.1.1 Rising Number of Clinical Trials in North America
5.1.2 Growing Acceptance Adoption of Outsourcing Activities Along with Increasing R&D Expenditures
5.1 Market Restraints
5.1.1 Huge Competition in CRO Services Market
5.2 Future Trends
5.2.1 Various Markets Getting Combined
5.3 Impact Analysis
6. Medical Device and Diagnostics Contract Research Organization Market – North America Analysis
6.1 North America Medical Device and Diagnostics Contract Research Organization Market Revenue Forecast and Analysis
7. North America Medical Device and Diagnostics Contract Research Organization Market Analysis – By Type
7.1 Overview
7.2 North America Medical Device and Diagnostics Contract Research Organization Market Share, by Type, 2020 and 2028 (%)
7.3 Medical Devices
7.3.1 Overview
7.3.2 Medical Devices: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Diagnostics
7.4.1 Overview
7.4.2 Diagnostics: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.1 Cardiac Biomarkers
7.4.2.1.1 Overview
7.4.2.1.2 Cardiac Biomarkers: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.2 Diabetes Management
7.4.2.2.1 Overview
7.4.2.2.2 Diabetes Management: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.3 Oncology
7.4.2.3.1 Overview
7.4.2.3.2 Oncology: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.4 Infectious Diseases
7.4.2.4.1 Overview
7.4.2.4.2 Infectious Diseases: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.5 Haematology
7.4.2.5.1 Overview
7.4.2.5.2 Haematology: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.6 Chemistry and Immunoassays
7.4.2.6.1 Overview
7.4.2.6.2 Chemistry and Immunoassays: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.7 Molecular Diagnostics
7.4.2.7.1 Overview
7.4.2.7.2 Molecular Diagnostics: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.8 Others
7.4.2.8.1 Overview
7.4.2.8.2 Others: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
8. North America Medical Device and Diagnostics Contract Research Organization Market– By Services
8.1 Overview
8.2 North America Medical Device and Diagnostics Contract Research Organization Market Share, by Services, 2020 and 2028 (%)
8.3 Clinical Data Management
8.3.1 Overview
8.3.2 Clinical Data Management: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Monitoring
8.4.1 Overview
8.4.2 Monitoring: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Clinical Project Management
8.5.1 Overview
8.5.2 Clinical Project Management: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
8.6 Medical Writing
8.6.1 Overview
8.6.2 Medical Writing: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
8.7 Clinical Auditing
8.7.1 Overview
8.7.2 Clinical Auditing: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
8.8 Digital Health
8.8.1 Overview
8.8.2 Digital Health: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
8.9 Clinical Strategy
8.9.1 Overview
8.9.2 Clinical Strategy: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
8.10 Others
8.10.1 Overview
8.10.2 Others: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
9. North America Medical Devices and Diagnostics Contract Research Organization Market – Country Analysis
9.1 Overview
9.1.2 North America Medical Devices and Diagnostics Contract Research Organization Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.1 North America Medical Devices and Diagnostics Contract Research Organization Market, by Diagnostics – Revenue and Forecast to 2028 (USD Million)
9.1.3 North America Medical Devices and Diagnostics Contract Research Organization, by Services – Revenue and Forecast to 2028 (USD Million)
9.1.4 North America: Medical Devices and Diagnostics Contract Research Organization Market, by Country, 2020 & 2028 (%)
9.1.5 US: Medical Devices and Diagnostics Contract Research Organization Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.1 US: Medical Devices and Diagnostics Contract Research Organization Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.2 US Medical Devices and Diagnostics Contract Research Organization Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.1.5.2.1 US Medical Devices and Diagnostics Contract Research Organization Market, by Diagnostics – Revenue and Forecast to 2028 (USD Million)
9.1.5.3 US Medical Devices and Diagnostics Contract Research Organization, by Services – Revenue and Forecast to 2028 (USD Million)
9.1.6 Canada: Medical Devices and Diagnostics Contract Research Organization Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1 Canada: Medical Devices and Diagnostics Contract Research Organization Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.2 Canada Medical Devices and Diagnostics Contract Research Organization Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.1.6.2.1 Canada Medical Devices and Diagnostics Contract Research Organization Market, by Diagnostics – Revenue and Forecast to 2028 (USD Million)
9.1.6.3 Canada Medical Devices and Diagnostics Contract Research Organization, by Services – Revenue and Forecast to 2028 (USD Million)
9.1.7 Mexico: Medical Devices and Diagnostics Contract Research Organization Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.1 Mexico: Medical Devices and Diagnostics Contract Research Organization Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.2 Mexico Medical Devices and Diagnostics Contract Research Organization Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.1.7.2.1 Mexico Medical Devices and Diagnostics Contract Research Organization Market, by Diagnostics – Revenue and Forecast to 2028 (USD Million)
9.1.7.3 Mexico Medical Devices and Diagnostics Contract Research Organization, by Services – Revenue and Forecast to 2028 (USD Million)
10. Impact of COVID-19 Pandemic on North America Medical Devices and Diagnostics Contract Research Organization Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Medical Devices and Diagnostics Contract Research Organization Market– Industry Landscape
11.1 Overview
11.2 Key Developments Done by Companies
12. Company Profiles
12.1 PAREXEL INTERNATIONAL CORPORATION
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ICON PLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 WuXi AppTec
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 CHARLES RIVER LABORATORIES, INC.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Laboratory Corporation of America Holdings
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 North American Science Associates, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Qserve
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Proxima Clinical Research, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 IQVIA Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
List of Tables
Table 1. R&D Investments by Major Pharmaceutical Companies
Table 2. Top 10 Pharmaceutical R&D Spenders, 2019
Table 3. North America Medical Devices and Diagnostics Contract Research Organization Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 4. North America Medical Devices and Diagnostics Contract Research Organization, by Diagnostics – Revenue and Forecast to 2028 (USD Million)
Table 5. North America Medical Devices and Diagnostics Contract Research Organization, by Services – Revenue and Forecast to 2028 (USD Million)
Table 6. US Medical Devices and Diagnostics Contract Research Organization Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. US Medical Devices and Diagnostics Contract Research Organization, by Diagnostics – Revenue and Forecast to 2028 (USD Million)
Table 8. US Medical Devices and Diagnostics Contract Research Organization, by Services – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Medical Devices and Diagnostics Contract Research Organization Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Canada Medical Devices and Diagnostics Contract Research Organization, by Diagnostics – Revenue and Forecast to 2028 (USD Million)
Table 11. Canada Medical Devices and Diagnostics Contract Research Organization, by Services – Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico Medical Devices and Diagnostics Contract Research Organization Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 13. Mexico Medical Devices and Diagnostics Contract Research Organization, by Diagnostics – Revenue and Forecast to 2028 (USD Million)
Table 14. Mexico Medical Devices and Diagnostics Contract Research Organization, by Services – Revenue and Forecast to 2028 (USD Million)
Table 15. Glossary of Terms, Medical Devices and Diagnostics Contract Research Organization Market
List of Figures
Figure 1. North America Medical Device and Diagnostics Contract Research Organization Market Segmentation
Figure 2. North America Medical Device and Diagnostics Contract Research Organization Market – By Country
Figure 3. North America Medical Device and Diagnostics Contract Research Organization Market Overview
Figure 4. Medical Devices Segment Held Largest Share of North America Medical Device and Diagnostics Contract Research Organization Market in 2020
Figure 5. North America Medical Device and Diagnostics Contract Research Organization Market in US to Show Remarkable Growth During Forecast Period
Figure 6. North America PEST Analysis
Figure 7. Experts Opinion
Figure 8. North America Medical Device and Diagnostics Contract Research Organization Market – Revenue Forecast and Analysis – 2020 - 2028
Figure 9. North America Medical Device and Diagnostics Contract Research Organization Market Share, by Type, 2020 and 2028 (%)
Figure 10. North America Medical Devices: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Diagnostics: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Cardiac Biomarkers: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Diabetes Management: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Oncology: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Infectious Diseases: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Hematology: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Chemistry and Immunoassays: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Molecular Diagnostics: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Others: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Medical Device and Diagnostics Contract Research Organization Market Share, by Services, 2020 and 2028 (%)
Figure 21. North America Clinical Data Management: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Monitoring: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Clinical Project Management: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Medical Writing: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Clinical Auditing: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America Digital Health: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America Clinical Strategy: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America Others: Medical Device and Diagnostics Contract Research Organization Market– Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America: Medical Devices and Diagnostics Contract Research Organization Market, by Key Country – Revenue (2020) (USD Million)
Figure 30. North America: Medical Devices and Diagnostics Contract Research Organization Market, by Country, 2020 & 2028 (%)
Figure 31. US: Medical Devices and Diagnostics Contract Research Organization market – Revenue and Forecast to 2028 (USD Million)
Figure 32. Canada: Medical Devices and Diagnostics Contract Research Organization Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. Mexico: Medical Devices and Diagnostics Contract Research Organization Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Impact of COVID-19 Pandemic in North America Country Markets

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