Global Clinical Trials Market to 2031: Increasing Number of Clinical Trials and Increase in Demand for Novel Therapies Drives Growth

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May 05, 2023, 20:00 ET

DUBLIN, May 5, 2023 /PRNewswire/ -- The "Global Clinical Trials Market 2022-2031 by Product Category, Phase, Design, Service Type, Indication, End User, and Region: Trend Forecast and Growth Opportunity" report has been added to ResearchAndMarkets.com's offering.

The global clinical trials market will reach $79,977.1 million by 2031, growing by 7.0% annually over 2022-2031.

The market is driven by the increasing number of clinical trials and increase in demand for novel therapies, rising prevalence on chronic diseases such as cancer and diabetes, the outbreak of tropical and infectious diseases such as COVID-19, and the increase in government initiatives and R&D investments.

Companies Mentioned

Accell Clinical Research LLC
Charles River Laboratories
ClinDatrix Inc
Clinipace
Eli Lilly and Company
F. Hoffmann-La Roche Ltd.
ICON PLC
IQVIA Holdings, Inc.
Laboratory Corporation of America (Covance Inc.)
Novo Nordisk AS
PAREXEL International Corporation
Pfizer Inc.
Pharmaceutical Product Development LLC
Phlexglobal
PRA Health Sciences
Sanofi SA
SGS SA (SGS Life Sciences)
Syneos Health Inc.
Wuxi AppTec Inc.

In-depth qualitative analyses include identification and investigation of the following aspects:

Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter's Five Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global clinical trials market in every aspect of the classification from perspectives of Product Category, Phase, Design, Service Type, Indication, End User, and Region.

Based on Product Category, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

Trials of Drugs
Small Molecule Drugs
Vaccines
Cell & Gene Therapy
Other Drugs
Trials of Devices
Trials of Procedures

Based on Phase, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

Phase I
Phase II
Phase III
Phase IV

By Design, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

Interventional Studies
Randomized Control Trial
Adaptive Clinical Trial
Non-randomized Control Trial
Observational Studies
Cohort Study
Case Control Study
Cross Sectional Study
Ecological Study
Expanded Access Trials

By Service Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

Protocol Designing
Site Identification
Patient Recruitment
Laboratory Services
Bioanalytical Testing Services
Clinical Trial Data Management Services
Clinical Trial Supply & Logistic Services
Decentralized Clinical Trial Services
Medical Device Testing Services
Other Clinical Trial Services

By Indication, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

Oncology
Infectious Diseases
Cardiology
Obesity
Diabetes
Neurology
Immunology
Pain Management
Other Indications

By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

Pharmaceutical and Biotechnological Companies
Clinical Research Organizations
Clinical Testing Laboratories
Other End Users

Geographically, the following regions together with the listed national/local markets are fully investigated:

North America (U.S., Canada, and Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (UAE, Saudi Arabia, South Africa and Rest of MEA)

For more information about this report visit https://www.researchandmarkets.com/r/87gz6l

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