North America 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)
The IVD contract research organization market in North America is expected to grow from US$ 1,882.10 million in 2021 to US$ 3,213.78 million by 2028. It is estimated to grow at a CAGR of 7.9% from 2021 to 2028.
The increasing prevalence of disorders, such as cancer, cardiovascular disorders, autoimmune disorders, and health problems, has created the need for advanced and efficient in-vitro diagnostics and monitoring of disorders which helps in the treatment. As per the National Stem Cell Foundation (NSCF) 2022 report, ~4% of the world’s population was affected by 1 among over 80 different autoimmune diseases. It affects 5–8% of the total population in the US alone. This is driving the growth of the IVD contract research organization market. Clinical trials play a critical role in evaluating the safety and effectiveness of drugs or devices for commercial usage. These studies help understand the best possible approaches for diagnostics and therapeutic areas. The increased prevalence of disorders has created the demand for advanced IVD diagnostics, which fueled the clinical trial promoting the growth of the IVD contract research organization market.
Furthermore, increased research & development activities and the rising investment in the development of IVD diagnostics have increased the adoption of outsourcing activities. The rising adoption of outsourcing in drug or device development services is time-saving and cost-effective. This has led to an increase in contract research organizations to support manufacturers in developing advanced IVD diagnostics. For instance, it is expected that by 2022, there will be 4,250 contract research organizations businesses in the US. Thus, an increasing prevalence of disorders and clinical trials and a surge in R&D investments and contract research organizations are driving the growth of the IVD contract research organization market.
North America IVD Contract Research Organization Market Revenue and Forecast to 2028 (US$ Million)
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North America IVD Contract Research Organization Market Segmentation
The North America IVD contract research organization market is analyzed on the basis of type, services, and country. By type, the market 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. By services, the market 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.
Based on country, the North America IVD contract research organization market is segmented into the US, Canada, and Mexico. The US contributed a substantial share in 2020.
CMIC HOLDINGS CO., LTD; DCN Dx; ICON PLC; NAMSA; Nexelis, a Q² Solutions Company; Proxima Clinical Research, Inc.; ResearchDx; and Toolbox Medical Innovations are the leading companies in the North America IVD contract research organization market.
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 IVD Contract Research Organization Market – By Type
1.3.2 North America IVD Contract Research Organization Market – By Services
1.3.3 North America IVD Contract Research Organization Market – By Country
2. North America IVD Contract Research Organization Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America IVD Contract Research Organization Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America– PEST Analysis
4.3 Expert opinion
5. North America IVD Contract Research Organization Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing demand for In-Vitro Diagnostics and Increase in Clinical Trials
5.1.2 New Product Launches by Market Players
5.2 Market Restraints
5.2.1 Stringent Government Policies and Lack of Skilled Workforce
5.3 Market Opportunities
5.3.1 Increase in Point-of-Care Testing and Potential Opportunities from Developing Economies
5.4 Future Trends
5.4.1 Technological Advancements and Increase in Research & Development Activities
5.5 Impact analysis
6. IVD Contract Research Organization Market – North America Analysis
6.1 North America IVD Contract Research Organization Market Revenue Forecast and Analysis
7. North America IVD Contract Research Organization Market– by Type
7.1 Overview
7.2 North America IVD Contract Research Organization Market Revenue Share, by Type (2021 and 2028)
7.3 Clinical Chemistry
7.3.1 Overview
7.3.2 Clinical Chemistry: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Molecular Diagnostics
7.4.1 Overview
7.4.2 Molecular Diagnostics: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Immunochemistry
7.5.1 Overview
7.5.2 Immunochemistry: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Companion Diagnostics
7.6.1 Overview
7.6.2 Companion Diagnostics: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Hematology
7.7.1 Overview
7.7.2 Hematology: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Histology and Cytology
7.8.1 Overview
7.8.2 Histology and Cytology: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
7.9 Microbiology
7.9.1 Overview
7.9.2 Microbiology: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
7.10 Others
7.10.1 Overview
7.10.2 Others: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
8. North America IVD Contract Research Organization Market – by Services
8.1 Overview
8.2 North America IVD Contract Research Organization Market Revenue Share, by Services (2021 and 2028)
8.3 Clinical Research
8.3.1 Overview
8.3.2 Clinical Research: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Biostatistics and Data Management Services
8.4.1 Overview
8.4.2 Biostatistics and Data Management Services: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Therapeutic Expertise
8.5.1 Overview
8.5.2 Therapeutic Expertise: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Regulatory Services
8.6.1 Overview
8.6.2 Regulatory Services: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Reimbursement Services
8.7.1 Overview
8.7.2 Reimbursement Services: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Assay Development Services
8.8.1 Overview
8.8.2 Assay Development Services: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
9. North America IVD Contract Research Organization Market – Country Analysis
9.1 North America: IVD Contract Research Organization Market
9.1.1 Overview
9.1.2 North America: IVD Contract Research Organization Market, by Country, 2021 & 2028 (%)
9.1.2.1 US: IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 US: IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.2 US: IVD Contract Research Organization Market, by Type, 2019–2028 (US$ Million)
9.1.2.1.3 US: IVD Contract Research Organization Market, by Services, 2019–2028 (US$ Million)
9.1.2.2 Canada: IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 Canada: IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.2 Canada: IVD Contract Research Organization Market, by Type, 2019–2028 (US$ Million)
9.1.2.2.3 Canada: IVD Contract Research Organization Market, by Services, 2019–2028 (US$ Million)
9.1.2.3 Mexico: IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Mexico: IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.2 Mexico: IVD Contract Research Organization Market, by Type, 2019–2028 (US$ Million)
9.1.2.3.3 Mexico: IVD Contract Research Organization Market, by Services, 2019–2028 (US$ Million)
10. North America IVD Contract Research Organization Market–Industry Landscape
10.1 Overview
10.2 Inorganic Growth Strategies
10.2.1 Overview
10.3 Organic Growth Strategies
10.3.1 Overview
11. Company Profiles
11.1 Proxima Clinical Research, Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ResearchDx
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 NAMSA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Nexelis, a Q² Solutions Company
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 ICON PLC
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Toolbox Medical Innovations
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 DCN Dx
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 CMIC HOLDINGS CO., LTD
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America IVD Contract Research Organization Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US: IVD Contract Research Organization Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: IVD Contract Research Organization Market, by Services – Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: IVD Contract Research Organization Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: IVD Contract Research Organization Market, by Services – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico: IVD Contract Research Organization Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: IVD Contract Research Organization Market, by Services – Revenue and Forecast to 2028 (US$ Million)
Table 8. Recent Inorganic Growth Strategies in the North America IVD Contract Research Organization Market
Table 9. Recent Organic Growth Strategies in the North America IVD Contract Research Organization Market
Table 10. Glossary of Terms, North America IVD Contract Research Organization Market
LIST OF FIGURES
Figure 1. North America IVD Contract Research Organization Market Segmentation
Figure 2. North America IVD Contract Research Organization Segmentation, By Country
Figure 3. North America IVD Contract Research Organization Market Overview
Figure 4. Clinical Chemistry Segment Held Largest Share by Type Segment in North America IVD Contract Research Organization Market
Figure 5. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. North America PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America IVD Contract Research Organization Market Impact Analysis of Driver and Restraints
Figure 9. North America IVD Contract Research Organization Market – Revenue Forecast and Analysis – 2021- 2028
Figure 10. North America IVD Contract Research Organization Market Revenue Share, by Type (2021 and 2028)
Figure 11. Clinical Chemistry: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Molecular Diagnostics: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Immunochemistry: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Companion Diagnostics: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Hematology: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Histology and Cytology: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Microbiology: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America IVD Contract Research Organization Market Revenue Share, by Services (2021 and 2028)
Figure 20. Clinical Research: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Biostatistics and Data Management Services: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Therapeutic Expertise: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Regulatory Services: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Reimbursement Services: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Assay Development Services: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: North America IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America: IVD Contract Research Organization Market, by Key Country – Revenue (2021) (US$ Million)
Figure 28. North America: IVD Contract Research Organization Market, by Country, 2021 & 2028 (%)
Figure 29. US: IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Canada: IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: IVD Contract Research Organization Market – Revenue and Forecast to 2028 (US$ Million)
- CMIC HOLDINGS CO., LTD
- DCN Dx
- ICON PLC
- NAMSA
- Nexelis, a Q² Solutions Company
- Proxima Clinical Research, Inc.
- ResearchDx
- Toolbox Medical Innovations
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