Skip to content

Global Clinical Trials Market Research Report 2022-2026: Adoption of AI Tools for Drug Discovery, Outsourcing Activities in Emerging Asian Economies, & Integrated End-To-End R&D Service Solutions – PR Newswire

Searching for your content…
In-Language News
Contact Us
888-776-0942
from 8 AM – 10 PM ET
News provided by
Mar 25, 2022, 06:45 ET
Share this article
DUBLIN, March 25, 2022 The "Clinical Trials Market by Phase (Phase I, II, III), Service Type (Site Identification, Laboratory Services, Decentralized Clinical Trial), Therapy Area (Oncology, Infectious Disease), and Application (Vaccines, Cell & Gene Therapy) – Global Forecast to 2026" report has been added to ResearchAndMarkets.com’s offering.
The clinical trials market is projected to reach USD 52.0 billion by 2026 from USD 38.7 billion in 2021, at a CAGR of 6.1% during the forecast period, owing to increasing number of clinical trials, rising prevalence of orphan & rare diseases and high cost of in-house drug development.

"By service type, the laboratory services segment accounted for the largest share of the clinical trials market"

Based on service type, the clinical trials market is segmented into protocol designing, site identification, patient recruitment, laboratory services, bioanalytical testing, analytical testing, clinical trial supply & logistic services, decentralized clinical services, clinical trial data management services, medical device testing services, and other services. Laboratory services is the leading segment of clinical trial services market, this can be attributed to the increasing preference of clinical research professionals to outsource such services.

"Asia Pacific: The fastest-growing region in the clinical trials market."

The Asia Pacific market is projected to grow at the highest CAGR during the forecast period. The high growth rate in this region can be attributed to the fast-growing pharmaceutical industry in the region, favorable government policies, the increasing number of pharmaceutical companies establishing manufacturing facilities in the region, and the lower cost of clinical trials in the region.

"North America: The North America region accounted for the largest share of the clinical trials market"

North America accounted for the largest share of the clinical trials market. Rapid growth in the biosimilar and biologics markets and an increase in clinical trial activity are the major factors driving the market growth.

Competitive Landscape
In 2020, IQVIA (US) dominated the clinical trial market, followed by PPD (US), Syneos Health (US), PRA Health Sciences (US), and LabCorp (US). Other prominent players in the market are WuXi Apptec (China), SGS (Switzerland), and Medpace Holdings (US).

Premium Insights
Market Dynamics
Drivers
Opportunities
Challenges
Market Trends
Ranges/Scenarios
Impact of COVID-19 on Clinical Trials Market
Porter’s Five Forces Analysis
Trends/Disruptions Impacting Customer’s Business
Ecosystem Analysis
Regulatory Analysis
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/eyeps4
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Cision Distribution 888-776-0942
from 8 AM – 9 PM ET

source

Share:

Pulse Handshak

Pulse Handshak

Collaborative online survey tool for the market research industry. Remote assisted surveying just like face-to-face interviews. Here interviewers can talk to the respondent over the web-console without the need for any other communication channel and share the same Q're with responses and click actions.

Pulse FE

Pulse FE

Pulse Field Expert or Pulse FE is the main platform for both offline and online survey at softofficepro.com. It is robust and used by hundreds of clients over tens of years with millions of responses. Do it once Q're and deploy on both offline devices (android) and online forms makes it a great cost effective platform for any kind of responses

Pulse Ultimate

Pulse Ultimate

Pulse Ultimate is targeted for tracking studies and retail audits. An offline survey system offering extreme field control including processes like data quality check, back-check, rework, comparison with previous wave data etc. helps to get the best results on a day-to-day basis

More Posts