North America Medical Device and Diagnostics CRO Market 2021-2028



DUBLIN, 23 December 2021 / PRNewswire / – The “North America Medical Device and Diagnostics Contract Research Organizations Market Forecast to 2028 – Impact of COVID-19 and Regional Analysis by Type and Services” the report was added to ResearchAndMarkets.com offer.

According to the report, the market is expected to reach US $ 3,045.86 million by 2028 onwards US $ 2,228.71 million in 2021. The market is expected to grow at a CAGR of 4.6% from 2021 to 2028.

The growing number of clinical trials in North America is the main driver of the growth of the North America market for contract research organizations for medical devices and diagnostics. However, the problem associated with the huge competition in the CRO services market is hampering the growth of North America market for contract research organizations for medical devices and diagnostics.

Industry highlights

In North America, the United States has been deeply affected by the outbreak of the COVID-19 pandemic. The country recorded the highest number of positive patients. Across the country, various health care centers have been opened only for COVID-positive patients. Few admissions have been made for patients living with chronic illnesses. 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 left unprotected in the midst of this situation as the governments of the the whole world were unprepared for such a pandemic.

To overcome these problems, many companies collaborate with various private and government facilities. For example, the 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 of what they hope will be a series of PPE item designs indispensable. Additionally, working with Verily, the US-based Alphabet company behind Project Baseline, the online COVID-19 screening website, Carbon has created a face shield that can easily be fabricated on 3D printers. industrial.

However, contract research and manufacturing activities for all non-essential medical devices have been hampered due to the strict imposition of business closures in the region. Industries, however, must embrace permanent, long-term solutions to the challenges that have arisen as a result of COVID. Overall, COVID-19 has negatively impacted the growth of the contract research organizations market for medical devices and diagnostics.

CRO Activa; Charles River Laboratories, Inc; ICNE API; IQVIA; Laboratory Corporation of America Holdings; North American Science Associates, Inc .; International company PAREXEL; Qserve BV Group; and WUXI APPTEC are among the leading companies in the North America market for contract research organizations for medical devices and diagnostics. The companies are focused on adopting organic growth strategies such as product launch and expansion to maintain their position in the dynamic market. For example, in 2021, IBI Group was commissioned by the Mackinac Bridge Authority (MBA) to provide a turnkey toll system to replace the existing system at the Mackinac Bridge in Northern Michigan.

Segment analysis

the North America The medical device and diagnostics contract research organizations market is segmented into types, services, and countries.

  • Depending on the type, the North America The medical device and diagnostics contract research organizations market is segmented into medical devices and diagnostics. The medical device segment held the largest share of the market in 2020.
  • Based on the services, the North America The medical device and diagnostics contractual research organizations market is segmented into clinical data management, surveillance, 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.
  • Country based North America the market for contract research organizations for medical devices and diagnostics is segmented in the United States, Canada, and Mexico.

Profiled companies

  • CRO Activa
  • Charles River Laboratories, Inc
  • ICON API
  • IQVIA
  • Corporation of America Holdings Laboratory
  • North American Science Associates, Inc.
  • International company PAREXEL
  • Qserve BV Group
  • Apptec Wuxi

For more information on this report, visit https://www.researchandmarkets.com/r/prm07s

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