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Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Global Clinical Trials Support Services Market Outlook

The global clinical trials support services market size was valued at USD 22.49 billion in 2023, driven by the rising demand for new and advanced drugs, treatment therapies, and medical devices across the globe. The market size is anticipated to grow at a CAGR of 7.1% during the forecast period of 2024-2032 to achieve a value of USD 41.70 billion by 2032.

Clinical Trials Support Services: Introduction

Clinical trials support services are specialized sets of services that are provided to pharmaceutical companies, researchers, and other organizations that are involved in clinical trials. Clinical trials are observational studies that are performed to learn about the efficacy, safety, and benefits associated with newly developed treatment therapies, drugs, and medical devices on human participants. Clinical trial support services provide help with functional tasks such as planning, execution, monitoring, and completion of clinical trials. These services can be provided by contract research organizations (CROs), research institutions, and academic centres, among other entities.

Global Clinical Trials Support Services Market Analysis

Technological advancement in the pharmaceutical sector and the development pipeline containing new drugs, treatment therapies, and medical devices, are resulting in an increased number of clinical trials, boosting the market growth. With intensifying interest in life sciences, the number of investment activities has also increased. Pharmaceutical companies are investing heavily towards the development of technologically advanced and innovative drugs and medical devices, that may potentially reduce the hassle of healthcare professionals. Such investments are anticipated to further intensify the global clinical trials support services market growth.

Additionally, the increasing popularity of advanced technologies and their advantages are also modifying the way clinical trials have always been performed. The integration of advanced technologies, such as artificial intelligence and machine learning, has improved the outcomes of clinical trials as their ability to process large amounts of data helps researchers propel the market growth. With the integration of such technologies, contract research organizations CROs and pharmaceutical companies are expected to partner with technology companies specializing in machine learning with a high probability of integrating machine learning algorithms in clinical trials. Such collaborations will further intensify the growth of the global market.

Global Clinical Trials Support Services Market Segmentations

Market Breakup by Service Type

  • Clinical Trial Site Management
    • Patient Recruitment Management
    • Patient Recruitment and Registry Services
    • Patient Retention
    • Others
  • IRB
  • Data Management
  • Administrative staff
  • Others

Market Braeakup by Phase

  • Phase I
  • Phase II
  • Phase III
  • Phase IV

Market by Manufacturing Sponsor

  • Pharmaceutical and Biopharmaceutical
  • Medical Devices
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Clinical Trials Support Services Market Overview

The global market is anticipated to witness significant growth in the coming years as the rapid advancement of technologies and their integration in clinical trials is intensifying over time. Due to the integration of such technologies, the demand for clinical trials is surging in emerging economies, contributing to market growth. The market has also been witnessing a significant increase in the number of research and development activities and investments made by technology and pharmaceutical companies to improve the quality and outcomes of support services, further aiding the growth of the global clinical trials support services market value.

The increasing number of contract research organizations (CROs) in the market is also supporting the market growth as clinical trial support services can also be provided by CROs. The availability of CROs is also a major factor supporting the market growth. The expanded utilization of decentralized clinical trial models is also contributing to the global clinical trials support services market growth by providing more flexible and patient-centric study designs.

Geographically, North America is expected to rule the regional market supported by the high number of clinical trials being conducted in the region. The presence of key players, and research and development activities conducted by them with government support for clinical trials are some factors further promoting the market growth. The presence of key CROs offering clinical trial support services and multinational pharmaceutical and biopharmaceutical companies making major investments in clinical research are also contributing to the regional market growth.

Clinical Trials Support Services Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

  • Charles River Laboratories International, Inc.
  • Wuxi Apptec, Inc. 
  • Iqvia Holdings, Inc. 
  • Syneos Health, Inc. 
  • Eurofins Scientific 
  • Ppd, Inc. (Pharmaceutical Product Development) 
  • Icon Plc 
  • Laboratory Corporation of America Holdings (Labcorp) 
  • Alcura 
  • Parexel International Corporation

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Service Type
  • Phase
  • Manufacturing Sponsor
  • Region
Breakup by Service Type
  • Clinical Trial Site Management
  • IRB
  • Data Management
  • Administrative staff
  • Others
Breakup by Phase
  • Phase I
  • Phase II
  • Phase III
  • Phase IV
Breakup by Manufacturing Sponsor
  • Pharmaceutical and Biopharmaceutical
  • Medical Devices
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Charles River Laboratories International, Inc.
  • Wuxi Apptec, Inc. 
  • Iqvia Holdings, Inc. 
  • Syneos Health, Inc. 
  • Eurofins Scientific 
  • Ppd, Inc. (Pharmaceutical Product Development) 
  • Icon Plc 
  • Laboratory Corporation of America Holdings (Labcorp) 
  • Alcura 
  • Parexel International Corporation

*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 market attained a value of about USD 22.49 billion in 2023, driven by the increasing awareness about the advantages of clinical trial support services.

The market is anticipated to grow at a CAGR of 7.1% during the forecast period of 2024-2032 and is likely to reach a market value of USD 41.70  billion by 2032.

The adoption of digital patient engagement tools and increasing clinical trials are some of the major factors driving the market growth.

The increasing investments by pharmaceutical and technology companies and the increasing number of CROs are major factors influencing the market growth.

The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.

The services offered in the market include clinical trial site management, which comprises of patient recruitment management, patient recruitment and registry services, and patient retention, among others. Other services are IRB, data management, administrative staff, and others.

There are four phases in the whole process, including phase I, phase II, phase III, and phase IV.

Manufacturing sponsors include pharmaceutical & biopharmaceuticals, and medical devices, among others.

Key players involved in the market are Charles River Laboratories International, Inc., Wuxi Apptec, Inc., Iqvia Holdings, Inc., Syneos Health, Inc., Eurofins Scientific, Ppd, Inc. (Pharmaceutical Product Development), Icon Plc, Laboratory Corporation Of America Holdings (Labcorp), Alcura, and Parexel International Corporation.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124