Medical device CRO refers to a third-party organization that accepts commissions from medical device research and development enterprises through contracts, providing customized services. It serves as an important bridge connecting medical device companies, healthcare institutions, and other parties. With the vigorous development of China's medical device industry, the release of relevant supportive national policies, and capital support, the Chinese medical device CRO industry is expected to achieve rapid development in the future. The industry concentration will further increase, service scope and areas will continue to expand, and it will cover the entire lifecycle of medical devices.
Frost & Sullivan (Frost & Sullivan, abbreviated as 'Frost & Sullivan') officially released the 'Current Situation and Development Trends Report on the Medical Device CRO Industry' (hereinafter referred to as the 'Report') on February 14, 2023. The report conducts an in-depth analysis of the service scope, service advantages, and future development trends of the medical device CRO industry, aiming to understand the driving factors behind industry development and reflect the overall development momentum of the medical device CRO industry.
