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Technical advances and innovation in design within the medical devices industry have prompted regulatory authorities to update the laws governing various aspects of the development, manufacturing, design and approval of such products. Further, it is imperative that various stages of medical device development and production…
Medical Device Developer & CRO Relationship: Key Value Driver & Performance Indicator
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Owing to High Competition in Medical Device CROs, Stakeholders are Steadily Expanding
Competitive benchmark analysis allows the companies to compare their existing capabilities within their respective peer groups (based on company size and location of headquarters) and thereby, identify ways to gain a competitive edge in the industry. In addition, this analysis can be used by companies…
Several Companies in Medical Device CROs have Established Strong Brand Positions
Brand positioning analysis of the key industry players helps to develop an understanding on how the brands of companies are currently perceived / positioned in different market segments relative to their competitors. In addition, this analysis can help players to determine improvement areas by identifying…
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Since 2015, Over 7,500 Medical Device Focused Clinical Trials
The number and geographical distribution of clinical trials are important indicators of both therapeutic viability and future potential of innovative pharmacological interventions and medical devices. Pharmaceutical / medical device companies are likely to invest in conducting extensive clinical studies on only those devices that are…
Medical Device CROs has Witnessed an Increase in Merger and Acquisition Activity
The medical device CRO domain is witnessing significant consolidation activity since the past few years. This can be attributed to the rise in competition within this domain, which has further compelled medical device service providers to diversify their portfolios through mergers and acquisitions. More than…
Medical Device CROs Market: Current and Future Market Opportunity Across Key Market
Over the years, outsourcing has become an indispensable business strategy within the global medical devices market. Moreover, the increasing regulatory stringency worldwide, is causing many innovator companies to rely on the expertise of CROs to liaise regulators and handle the intricacies associated with product approval….
Impact of Coronavirus Outbreak on Medical Device Industry
The medical device sector, a part of the pharmaceutical industry, is one of the few businesses that has been relatively less impacted amidst the COVID-19 pandemic. Moreover, as the disease spreads, the demand for accurate diagnostic measures, medical devices (including handled scanners, and personal protective…
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Medical Device CROs Market: SWOT Analysis
The demand for high quality and efficient medical devices, driven by a growing geriatric population and increasing incidence of various chronic clinical conditions, is on the rise. On the other hand, in order to ensure the safety and efficacy of healthcare products, regulatory authorities have…
Medical Device CROs Market: Future Trends and Opportunities
The contract service providers have established themselves as an indispensable part of the supply chain in the pharmaceutical / medical device industry. Given the ongoing efforts to minimize product costs, growing complexity to conduct clinical trials, profound technological advancements and introduction of stringent regulatory standards,…
