IVD Contract Research Organization Market Growth 2021 Global Industry Size, Recent Trends, Demand and Share Estimation by 2028 with Top Players

The global IVD Contract Research Organization Market is expected to grow from US$ 4,738.79 million in 2021 to US$ 8,019.53 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028.

The rising prevalence of infectious diseases increases the demand for IVD and clinical trials along with new product launches, which fuels the growth of the IVD contract research organization market. However, the stringent regulatory policies and lack of skilled workforce hamper the market growth.

Get a Sample PDF of report at: https://www.premiummarketinsights.com/sample/TIP00073422?utm_source=OpenPr&utm_medium=10640

The List of Companies - IVD Contract Research Organization Market
1. Proxima Clinical Research, Inc.,
2. Clinexa, Resea rchDx
3. NAMSA
4. Nexelis, a Q? Solutions Company
5. ICON PLC
6. Toolbox Medical Innovations
7. DCN Dx
8. CMIC HOLDINGS Co., LTD
9. AKRN Scientific Consulting S.L.
10. ResearchDx

IVD contract research organizations provide support services to the biotechnology companies throughout the development and commercialization of the product. Diagnostic instruments/equipment companies require various regulatory and testing services to implement product lifecycle. CROs are specifically designed to perform these services to reduce the in-house cost and time of the companies. The continuous development in healthcare facilities and IVD products and new products launches propel the growth of the market. Also, rising demand for technological advancements and biomarker-based IVD owing to several advantages offered by them promotes the growth of the market.

As per the National Stem Cell Foundation (NSCF) 2022 report, ~4% of the world's population was affected by one of more than 80 different autoimmune diseases; in the US, it affects 5-8% of the total population. 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. This is driving the growth of the IVD contract research organization market.

Get Full Report: https://www.premiummarketinsights.com/reports-tip/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 devices development services is time-saving and cost-effective. This has led to the increase in contract research organizations to support manufacturers in developing advanced IVD diagnostics. For instance, it is expected that by 2022, there will be 4250 contract research organizations businesses in the US.

Based on type, the IVD contract research organization 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 2021. However, the hematology segment is anticipated to register the highest CAGR during the forecast period.

A few of the key primary and secondary sources referred to while preparing the report on the IVD contract research organization market are the World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), National Stem Cell Foundation (NSCF), CMIC Group and Scientific Institute for Research, Hospitalization and Healthcare (IRCCS).

Buy a copy of this research report at @: https://www.premiummarketinsights.com/buy/TIP00073422?utm_source=OpenPr&utm_medium=10640

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.