Clinical Trials Market Analysis
The global clinical trials market is expected to exhibit a steady 5.7% CAGR over the forecast period till 2023, according to the latest research report from Market Research Future (MRFR). The research report profiles the global clinical trials market in great detail and provides readers with a comprehensive overview of the market. The market’s historical growth trajectory, present conditions, and future growth prospects are studied in the report. The report provides a comprehensive overview of the market’s historical growth trajectory by detailing the historical stats regarding the market. Future projections are based on the detailed historical stats offered in the report. Based on this platform, future projections for the clinical trials market’s growth trajectory over the forecast period are provided in the report.
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The report also profiles the leading players in the global clinical trials market and gives readers a comprehensive analysis of the leading players in the global clinical trials market. The report also profiles the major drivers and restraints affecting the global clinical trials market. The factors making the market tick and those holding the market back are studied in detail in the report. The impact of the COVID-19 pandemic on the clinical trials market is also assessed in the report. The growing threat of the COVID-19 pandemic is likely to be a key driver for the clinical trials market in the short term.
Clinical trials are scientific studies conducted to examine the efficacy of medicines on a variety of patient demographics. Clinical trials help figure out which medicines work for certain populations and also allows researchers to discover the correct dosage that work for various age-related demographics. This makes clinical trials absolutely vital for the healthcare sector, as discovering the correct dosage and formulation of medicines is a vital process for the sector. The growing prevalence of chronic and infectious diseases has been a major driver for the global clinical trials market over the last few years, as this has driven the demand for effective cures for the diseases. Growing concern about chronic diseases is likely to be a major driver for the global clinical trials market over the forecast period.
The increasing demand for personalized medication is also likely to be a major driver for the clinical trials market. Personalized medication has the potential to change the demand patterns from the clinical trials market, as the medicine needs to be formulated specifically for each patient. However, this requires a base formulation that works efficiently against the target condition. This is likely to drive the demand from the clinical trials market over the forecast period.
Clinical Trials Market Competitive Leaderboard:
Leading players in the global clinical trials market include Pfizer Inc., Laboratory Corporation of America, Clinipace, Novo Nordisk A/S, Eli Lilly and Company, SGS SA, Icon plc, Quintiles IMS, Paraxel International Corporation, and Charles River Laboratories.
Clinical Trials Market Segmentation:
The global clinical trials market is segmented on the basis of phase, study design, indication and end users.
On the basis of the phase, the clinical trials market is categorized into phase I, phase II, phase III, and phase IV.
On the basis of study design, the global clinical trials market is segmented into interventional, observational and expanded access.
On the basis of indication, the global clinical trials market is segmented into autoimmune/inflammation, pain management, oncology, central nervous system (CNS) condition, diabetes, obesity, cardiovascular and others.
On the basis of the end-user, the market is segmented into dental hospitals & clinics, dental institutes and dental academic and research institutes.
Clinical Trials Market Regional Analysis:
The Americas dominate the global clinical trials market and are likely to remain the leading regional segment of the global market over the forecast period on the back of increased investment by pharmaceutical giants in clinical trials. The presence of many major players in the pharmaceutical industry in North America is a major driver for the regional market for clinical trials. The growing prevalence of cancer in North America is also likely to be a major driver for the clinical trials market in North America.
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
LIST OF TABLES
Table 1 Global Clinical Trials Synopsis, 2017 – 2023
Table 2 Global Clinical Trials Market Estimates And Forecast, 2017 – 2023, (USD Million)
Table 3 Global Clinical Trials Market By Region, 2017 – 2023, (USD Million)
Table 4 Global Clinical Trials Market By Phase, 2017 – 2023, (USD Million)
Table 5 Global Clinical Trials Market By Study Design, 2017 – 2023, (USD Million)
Table 6 Global Clinical Trials Market By Indication, 2017 – 2023, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Clinical Trials Market
Figure 3 Segmentation Market Dynamics For Global Clinical Trials Market
Figure 4 Global Clinical Trials Market Share, By Phase, 2016
Figure 5 Global Clinical Trials Market Share, By Study Design, 2016
Figure 6 Global Clinical Trials Market Share, By Indication, 2016
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