The global virtual clinical trials market size grew at a CAGR of around 7% during 2015-2020. Looking forward, IMARC Group expects the global virtual clinical trials market to exhibit moderate growth during the next five years.
Virtual clinical trials (VCT) refer to the medical tests conducted remotely for clinical research. Some of the commonly used methods include observational, interventional, and expanded access trials. They are used in cardiovascular, oncological, gastrointestinal, and ophthalmological branches of medicine to improve patient engagement and collecting accurate data. In comparison to the traditionally used methods, VCTs are more cost-effective, offer real-time acquisition of data and can be conducted at both home and remote settings.
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Global Virtual Clinical Trials Market Trends:
The global virtual clinical trials market is primarily being driven by the growing digitization in the healthcare sector. VCTs are being widely used for conducting remote dermatological trials to diagnose skin disorders that require minimal examinations. In line with this, the onset of Covid-19 disease has also increased the requirement of virtual clinical trials for a safe and effective sample and data collection. Furthermore, various technological advancements, such as the launch of web-based clinical trials and patients engagement platforms, that aid in providing specific information and an increased visibility of potential participants for sites, are contributing to the market growth.
List of Key Players covered in the Virtual Clinical Trials Market Report:
Clinical Ink Inc.
Covance Inc.
ICON Plc
IQVIA Inc.
LEO Innovation Lab
Medable Inc.
Medidata Solutions Inc.
Medpace Holdings Inc.
Oracle Corporation
Parexel International Corporation
PRA Health Sciences
Signant Health.
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Key Market Segmentation: The report provides an analysis of the key trends in each sub-segment of the global virtual clinical trials market report.
By Study Design:
- Interventional
- Observational
- Expanded Access
By Indication:
- Oncology
- Cardiovascular
- Others
By Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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