As per this study the Global Clinical Trials Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
The clinical trials are the research investigation that finds new ways to prevent, diagnose or treat disease. It’s the final step in a long process. Where new drugs, new approaches to surgery or radiation therapy, and advances in new areas such as gene therapy is investigated. Testing of treatment or drug is done in steps called phases.
The growing prevalence of diseases along with the rising incidence of new diseases is driving market growth. Also, increasing investments on new product development, such as personalized medicine and evolution in technology in emerging countries is fuelling market growth. However, budget constraints of small and medium-sized pharmaceutical and biotechnology companies are expected to restrain the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of clinical trials.
The broad clinical trials market has been sub-grouped into phase, study design and indication. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Study Design
- Phase I
- Phase II
- Phase III
- Phase IV
- Expanded Access
- Pain Management
- CNS Condition
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for clinical trials in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Clinical Trials Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the clinical trials market include Charles River Laboratories, ICON plc, Paraxel International Corporation, Quintiles IMS, SGS SA, and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.