Clinical trials market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 69.94 billion by 2027 growing with the CAGR of 5.15% in the above-mentioned forecast period. Increasing occurrences of chronic diseases, growing demand for clinical trial in developing countries, growing geriatric population, globalization of clinical trials, technological evolution will likely to accelerate the growth of the clinical trials market in the forecast period of 2020-2027.
Major Market Competitors/Players: Global Clinical Trials Market
The major players covered in the clinical trials market report are Clinipace, Laboratory Corporation of America Holdings, Eli Lilly and Company, ICON Plc., Novo Nordisk, Parexel International Corporation, Pfizer Inc., Pharmaceutical Product Development, LLC, IQVIA, Sanofi, F. Hoffmann-La Roche Ltd, Alcami Corporation, Accell Clinical Research LLC, Chiltern International Limited, Congenix LLP, Covance Inc., Ecron Acunova Ltd, Eurotrials, Medpace, Pharmanet Development Group, PRA International, SIRO Clinpharm Private Limited among other domestic and global players.
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On the other hand, growing demand of CROs for conducting clinical trials in the pharmaceutical sector due to the diversified expertise of CROs and adoption of advanced technologies in clinical trials will further boost various opportunities that will lead to the growth of the clinical trials market in the above mentioned forecast period.
Market Segmentation: Global Clinical Trials Market
- Based on phase, the clinical trials market is segmented into phase I, phase II, phase III and phase IV
- On the basis of indication, the clinical trials market is segmented into autoimmune/inflammation, pain management, oncology, CNS condition, diabetes, obesity, cardiovascular and others
- Based on design, the clinical trials market is segmented into interventional, treatment studies, observational studies and expanded access
- Clinical trials market has also been segmented based on the end user into hospital, laboratories and clinics.
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2026.
- Detailed overview of parent market
- Changing market dynamics of the industry
Reasons to Purchase this Report
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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