The Medical Device Clinical Trials Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Medical Device Clinical Trials Market?
The market size for medical device clinical trials has seen substantial growth lately. The size of the market is anticipated to increase from $16.87 billion in 2024 to $18.12 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Medical Device Clinical Trials Industry?
The medical device clinical trials market is projected to reach $23.91 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.2%.
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What are the Key Growth Drivers Fueling the Medical Device Clinical Trials Market?
The key drivers in the medical device clinical trials market are:
• Increasing demand for personalized medical devices
• Growing emphasis on real-world evidence
• Expansion of decentralized and virtual trials
• Rise in investments in digital health innovations
Global Market Segmentation: Identifying Major Medical Device Clinical Trials Industry Segments
The medical device clinical trials market covered in this report is segmented –
1) By Study Type: Feasibility And Pilot Study, Pivotal Study, FDA Pre market Approval (PMA) Application, Post-Approval Study
2) By Indication: Cardiovascular Devices, Neurology Devices, Orthopedic Devices, Diagnostic Imaging, Anesthesia And Respiratory Devices, Other Indications
3) By Study Design: Interventional, Observational, Expanded Access
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What are the Emerging Trends Shaping the Future of the Medical Device Clinical Trials Market?
The key trends in the medical device clinical trials market are:
• There is a growing trend of adopting decentralized medical device trials.
• The integration of AI and big data analytics has become more significant.
• The use of wearable monitoring devices in trials is gaining momentum.
• Enhanced regulatory harmonization and advancements in trial design and data analytics are emerging trends.
Who Are the Top Competitors & Leading Players in the Medical Device Clinical Trials Market?
Major players in the medical device clinical trials market are:
• Abbott Laboratories
• Siemens Healthineers
• Stryker Corporation
• Philips Healthcare
• Baxter International
• Roche Diagnostics
• ICON
• Intuitive Surgical
• Edwards Lifesciences
• Fortrea
• Medidata
• NAMSA
• Veranex
• TFS HealthScience
• Avania
• Parexel
• Meditrial
• Syneos Health
• Qserve CRO
• Clinius Ltd
• Eclevar Medtech
• 1med Sa
• ISS AG
Regional Dominance: Which Area Leads the Global Medical Device Clinical Trials Market?
North America was the largest region in the medical device clinical trials market in 2024
