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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Clinical Trials Market Size
The clinical trials market attained a value of USD 49.22 billion in 2023. The market is anticipated to grow at a CAGR of 5.4% during the forecast period of 2024-2032 to attain a value of nearly USD 79.02 billion by 2032.
Clinical Trials Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global clinical trial Market was valued at USD 49.22 billion in 2023.
The market is expected to grow at a CAGR of 5.4% from 2024 to 2032 to reach a value of USD 79.02 billion by 2032.
The industry is primarily being driven by the growing rates of R&D projects for the development of therapeutic drugs, development in technologies, increasing focus of manufacturers to produce vaccines to decrease death risk due to the COVID-19 pandemic, and increasing cancer research.
The key trends driving the market’s expansion are the increasing demand for the production of therapeutic drugs and increasing government initiatives.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific with North America accounting for the largest share in the market.
By design, the market is divided into treatment studies and observational studies. Treatment studies are further divided into randomised control trial, adaptive clinical trail and non- andomized control trial while observational studies are segmented into cohort studies, case control study, cross section study, and ecological study, among others.
The major players in the industry are IQVIA, PAREXEL International Corporation, Charles River Laboratory, ICON Plc, and Syneos Health, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124