Medical Device and Diagnostics Contract Research Organization Market Size, Share, Growth Industry Analysis and Forecast 2028
iCrowd Newswire
07 Jul 2021, 10:21 GMT+10
According to our new market research study on "Medical Device and Diagnostics Contract Research Organization Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Services, and Geography," the market is expected to reach US$ 20,336.08 million in 2028 from US$ 12,314.65 million in 2021. The market is estimated to grow with a CAGR of 7.4% from 2021 to 2028. Key factors driving the market such as increasing number of clinical trials worldwide and rise in adoption of outsourcing activities coupled with increasing R&D expenditures. However, the extensive competition in the CRO services market is a major factor hindering the market growth.