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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Clinical Trials Market Size
The North America clinical trials market was valued at USD 35.31 billion in 2023. The market is further projected to grow at a CAGR of 6.0% between 2024 and 2032, reaching a value of USD 60.16 billion by 2032.
North America Clinical Trials Market Report Snapshots
North America Clinical Trials Market Size
North America Clinical Trials Companies
*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
In 2023, the clinical trials market reached an approximate value of USD 35.31 billion.
The market is expected to grow at a CAGR of 6.0% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 60.16 billion by 2032.
Clinical trials are research studies that test a behavioural, medical, or surgical intervention in people. Through these trials, researchers determine if a new form of treatment, drug, diet, or medical device is safe for people.
FDA oversees clinical trials to ensure conducted, analysed, and reported as per federal law and good clinical practice (GCP) regulations. FDA also ensures that the right, safety, and welfare of the people participating in the trial is protected.
The major drivers of the market include a strong regulatory framework, the advancement of technology in the clinical trials market, and the rising number of people suffering from cancer and infectious diseases.
Key trends aiding market expansion include extensive research and development to advance the clinical trial market, the integration of technologies such as artificial intelligence, and the rising number of diseases.
Major countries in the market are the United States of America and Canada.
The common phases of clinical trials are phase I, phase II, phase III, and phase IV.
Key players in the market are IQVIA Inc., Laboratory Corporation of America Holdings, Syneos Health, Charles River Laboratories, Thermo Fisher Scientific Inc., Parexel International (MA) Corporation, Medpace, Inc., ACM Global Laboratories, Frontage Labs, Dropoff, Inc., and 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
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124