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Asia Pacific Medical Device and Diagnostics Contract Research Organization Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and Services

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    Report

  • 139 Pages
  • August 2021
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5416352
Diagnostics Segment is Expected to be Fastest Growing During the Forecast Period for APAC Region

According to a new market research study on “APAC Medical device and diagnostics contract research organization Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Offering and Type” is expected to reach US$ 4,110.91 million by 2028 from 2,394.72 US$ million in 2021. The market is estimated to grow at a CAGR of 8% from 2021 to 2028. The report provides trends prevailing in the APAC medical device and diagnostics contract research organization market along with the drivers and restraints pertaining to the market growth. Market consolidation on rise is the major factor driving the growth of the APAC medical device and diagnostics contract research organization market. However, the issue associated with CRO services market having strong competition hinders the growth of APAC medical device and diagnostics contract research organization market.

The APAC medical device and diagnostics contract research organization market is segmented into type, services, and country. Based on type, the APAC medical device and diagnostics contract research organization market is segmented into medical devices and diagnostic. Diagnostic segment is further sub-segmented into cardiac biomarkers, diabetes management, oncology, infectious diseases, hematology, chemistry and immunoassays, molecular diagnostics, and others. The medical devices segment held the largest share of the market in 2020. Based on services, the APAC medical device and diagnostics contract research organization market is segmented into clinical data management, monitoring, 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. Based on country APAC medical device and diagnostics contract research organization market is segmented into Australia, China, India, Japan, South Korea, and rest of Europe.

Countries in APAC are facing an increasing incidence of COVID-19. Accompanying the catastrophic loss of life that the virus has caused is the impact on the global economy, which has reeled from the effects of the pandemic. The COVID-19 pandemic has critically impacted the region; however, it has also provided an opportunity for stakeholders to realign their future path based on strategic intent and focus. COVID-19 has created an extraordinary emergency that is particularly affecting the supply chain. The supply chain disruptions, along with the enormous need for medical devices and protective health care material, have generated the need for new initiatives and the use of emerging technologies such as three-dimensional printing (3DP) to come forward and support health care professionals and supply chain. The COVID-19 pandemic has adversely impacted the region, but it has also provided an opportunity for stakeholders to realign their future path based on strategic intent and focus. India and China are the most preferred destinations for outsourcing, where a large pool of skilled labor is available at a lower cost. With increasing pressure to reduce manufacturing costs and accelerate time-to-market, many devices and diagnostics companies are looking to conduct clinical trial operations in APAC. Increasingly, third-party outsourcing service providers are playing a greater role in supporting and managing the delivery of key business functions like medical device development, sales and marketing, and regulatory compliance services in APAC.

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 leading companies in the APAC medical device and diagnostics contract research organization market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Qserve Group, the leading global medical device and in vitro diagnostics consultancy acquired a QA/RA/Clinical consulting group, Quasys Consult SA, with its office in Liège, Belgium. The addition of Quasys Consult is strategic for the Qserve Group, to have the ability to provide its services in French and expand its presence further into APAC

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC medical device & diagnostics contract research organization market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC medical device & diagnostics contract research organization market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the medical device & diagnostics contract research organization market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Medical Device and Diagnostics Contract Research Organization Market - By Type
1.3.2 APAC Medical Device and Diagnostics Contract Research Organization Market - By Services
1.3.3 APAC Medical Device and Diagnostics Contract Research Organization Market - By Country
2. APAC 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. APAC Medical Device and Diagnostics Contract Research Organization Market - Market Landscape
4.1 Overview
4.2 APAC PEST Analysis
4.3 Experts Opinion
5. APAC Medical Device & Diagnostics Contract Research Organization Market - Key Market Dynamics
5.1 Drivers
5.1.1 Clinical Trials Numbers Rising
5.1.2 Rising Outsourcing Activity Adoption in Conjunction with Rising R&D Expenditures
5.1 Market Restraints
5.1.1 CRO Services Market Having Strong competition
5.2 Market Opportunities
5.2.1 Low Business Cost in Emerging Markets
5.3 Future Trends
5.3.1 Market Consolidation on Rise
5.4 Impact Analysis
6. Medical Device and Diagnostics Contract Research Organization Market - APAC Analysis
6.1 APAC Medical Device and Diagnostics Contract Research Organization Market Revenue Forecast and Analysis
7. APAC Medical Device and Diagnostics Contract Research Organization Market Analysis - By Type
7.1 Overview
7.2 APAC 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. APAC Medical Device and Diagnostics Contract Research Organization Market - By Services
8.1 Overview
8.2 APAC 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. APAC Medical Devices and Diagnostics Contract Research Organization Market - Country Analysis
9.1 Overview
9.1.1 APAC: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.2 APAC: Medical Devices and Diagnostics Contract Research Organization Market, by Country, 2020 & 2028 (%)
9.1.3 China: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.3.1 China: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.3.2 China Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
9.1.3.2.1 China Medical Devices and Diagnostics Contract Research Organization Market, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
9.1.3.3 China Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
9.1.4 Japan: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.4.1 Japan: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.4.2 Japan Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
9.1.4.2.1 Japan Medical Devices and Diagnostics Contract Research Organization Market, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
9.1.4.3 Japan Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
9.1.5 India: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.5.1 India: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.5.2 India Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
9.1.5.2.1 India Medical Devices and Diagnostics Contract Research Organization Market, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
9.1.5.3 India Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
9.1.6 South Korea: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.6.1 South Korea: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.6.2 South Korea Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
9.1.6.2.1 South Korea Medical Devices and Diagnostics Contract Research Organization Market, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
9.1.6.3 South Korea Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
9.1.7 Australia: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.7.1 Australia: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.7.2 Australia Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
9.1.7.2.1 Australia Medical Devices and Diagnostics Contract Research Organization Market, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
9.1.7.3 Australia Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
9.1.8 Rest of APAC: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.8.1 Rest of APAC: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
9.1.8.2 Rest of APAC Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
9.1.8.2.1 Rest of APAC Medical Devices and Diagnostics Contract Research Organization Market, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
9.1.8.3 Rest of APAC Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
10. Impact of COVID-19 Pandemic on APAC Medical Devices and Diagnostics Contract Research Organization Market
10.1 APAC: 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 North American Science Associates, Inc.
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 Qserve
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 Proxima Clinical Research, Inc.
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 IQVIA 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
13. Appendix
13.1 About
13.2 Glossary of Terms
List of Tables
Table 1. China Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 2. China Medical Devices and Diagnostics Contract Research Organization, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
Table 3. China Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
Table 4. Japan Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 5. Japan Medical Devices and Diagnostics Contract Research Organization, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
Table 6. Japan Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
Table 7. India Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 8. India Medical Devices and Diagnostics Contract Research Organization, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
Table 9. India Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
Table 10. South Korea Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 11. South Korea Medical Devices and Diagnostics Contract Research Organization, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
Table 12. South Korea Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
Table 13. Australia Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 14. Australia Medical Devices and Diagnostics Contract Research Organization, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
Table 15. Australia Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
Table 16. Rest of APAC Medical Devices and Diagnostics Contract Research Organization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of APAC Medical Devices and Diagnostics Contract Research Organization, by Diagnostics - Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of APAC Medical Devices and Diagnostics Contract Research Organization, by Services - Revenue and Forecast to 2028 (USD Million)
Table 19. Glossary of Terms, Medical Devices and Diagnostics Contract Research Organization Market
List of Figures
Figure 1. APAC Medical Device and Diagnostics Contract Research Organization Market Segmentation
Figure 2. APAC Medical Device and Diagnostics Contract Research Organization Market - By Country
Figure 3. APAC Medical Device and Diagnostics Contract Research Organization Market Overview
Figure 4. APAC Medical Devices Segment Held Largest Share of Medical Device and Diagnostics Contract Research Organization Market in 2020
Figure 5. APAC Medical Device and Diagnostics Contract Research Organization Market in Asia Pacific Region to Show Remarkable Growth During Forecast Period
Figure 6. APAC PEST Analysis
Figure 7. Experts Opinion
Figure 8. APAC Medical Device and Diagnostics Contract Research Organization Market - Revenue Forecast and Analysis - 2019 - 2028
Figure 9. APAC Medical Device and Diagnostics Contract Research Organization Market Share, by Type, 2020 and 2028 (%)
Figure 10. APAC Medical Devices: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Diagnostics: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Cardiac Biomarkers: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Diabetes Management: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Oncology: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Infectious Diseases: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Hematology: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Chemistry and Immunoassays: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Molecular Diagnostics: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Others: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Medical Device and Diagnostics Contract Research Organization Market Share, by Services, 2020 and 2028 (%)
Figure 21. APAC Clinical Data Management: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Monitoring: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Clinical Project Management: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Medical Writing: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Clinical Auditing: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC Digital Health: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. APAC Clinical Strategy: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. APAC Others: Medical Device and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. APAC: Medical Devices and Diagnostics Contract Research Organization Market, by Key Country - Revenue (2020) (USD Million)
Figure 30. APAC: Medical Devices and Diagnostics Contract Research Organization Market, by Country, 2020 & 2028 (%)
Figure 31. China: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 32. Japan: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 33. India: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 34. South Korea: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 35. Australia: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 36. Rest of APAC: Medical Devices and Diagnostics Contract Research Organization Market - Revenue and Forecast to 2028 (USD Million)
Figure 37. Impact of COVID-19 Pandemic in APAC Country Markets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Charles River Laboratories, Inc
  • ICON PLC
  • IQVIA
  • Laboratory Corporation of America Holdings
  • North American Science Associates, Inc.
  • PAREXEL International Corporation
  • Qserve Group B.V.
  • Wuxi Apptec

Table Information