Report : Europe IVD Contract Research Organization Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type (Clinical Chemistry, Molecular Diagnostics, Immunochemistry, Companion Diagnostics, Hematology, Histology and Cytology, Microbiology, and Others), and Services (Clinical Research, Biostatistics and Data Management Services, Therapeutic Expertise, Regulatory Services, Reimbursement Services, Assay Development Services, and Others)
Biostatistics and Data Management Services Segment to Dominate Europe IVD Contract Research Organization Market during 2019–2028
According to a new market research study on “Europe IVD Contract Research Organization Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Services,” is expected to reach US$ 2,593.34 million by 2028 from US$ 1,562.48 million in 2021. The market is estimated to grow at a CAGR of 7.5% from 2021 to 2028. Technological advancements and increase in research & development activities is the major factor driving the growth of the Europe IVD contract research organization market. However, stringent government policies and lack of skilled workforce may hinder the growth of Europe IVD contract research organization market. The report provides trends prevailing in the Europe IVD contract research organization market along with the drivers and restraints pertaining to the market growth.
The Europe IVD contract research organization market is segmented into type, services, and country. The Europe IVD contract research organization market, by type, is segmented into clinical chemistry, molecular diagnostics, immunochemistry, companion diagnostics, hematology, histology and cytology, microbiology, and others. The clinical chemistry segment held the largest share of the market in 2020. The Europe IVD contract research organization market, by services, is segmented into clinical research, biostatistics and data management services, therapeutic expertise, regulatory services, reimbursement services, assay development services, and others. The biostatistics and data management services segment held the largest share of the market in 2020. Similarly, based on country, the Europe IVD contract research organization market is segmented into the U.K., Germany, France, Italy, Spain, and the rest of Europe. Germany contributed a substantial share in 2020.
AKRN Scientific Consulting S.L.; ICON PLC; NAMSA; Nexelis, a Q² Solutions Company; and Proxima Clinical Research, Inc.; are among the leading companies in the Europe IVD 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 2022, NAMSA, a world leading MedTech Contract Research Organization (CRO) offering global end-to-end development services, announced to acquire ÅKRN Scientific Consulting, a prominent European Medical Device CRO based in Madrid, Spain.
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