Clinical Trials Market In US 2023-2027
The clinical trials market in US is forecasted to grow by USD 5.9 bn during 2022-2027, accelerating at a CAGR of 5.3% during the forecast period. The report on the clinical trials market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in a number of clinical trials of drugs, the rise in the adoption of artificial intelligence (AI)-based tools for drug delivery, and the growing demand for personalized medicine and targeted therapies.
Technavio's clinical trials market in US is segmented as below:
- By Type
- Phase III
- Phase I
- Phase II
- Phase IV
- By Service Type
- Interventional studies
- Observational studies
- Expanded access studies
- By Indication
- Oncology
- CNS
- Autoimmune/Inflammation
- Cardiovascular and others
This study identifies the advancement in technology and scientific research as one of the prime reasons driving the clinical trials market in US growth during the next few years. Also, rise in outsourcing of clinical trial process and growing investment in healthcare and pharmaceutical industries will lead to sizable demand in the market.
The report on the clinical trials market in US covers the following areas:
- Clinical trials market in US sizing
- Clinical trials market in US forecast
- Clinical trials market in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading clinical trials market in US vendors that include Medpace Holdings Inc., Laboratory Corp. of America Holdings, Sanofi, CTI Clinical Trial and Consulting Inc., ICON plc, Syneos Health Inc., IQVIA Holdings Inc., Charles River Laboratories International Inc., Parexel International Corp., Pfizer Inc., Thermo Fisher Scientific Inc., Caidya, Accell Clinical Research LLC, Clinipace Inc., eResearchTechnology GmbH, Apex Medical Research Inc., WuXi AppTec Co. Ltd., Novartis AG, Novo Nordisk AS, and Eli Lilly and Co.. Also, the clinical trials market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.