Middle East And Africa Clinical Trials Support Services Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s report on the clinical trials support services market in the Middle East and Africa states that it is likely to develop with a CAGR of 7.20% during the forecast phase from 2022 to 2028. Turkey, South Africa, Saudi Arabia, the United Arab Emirates, and Rest of Middle East & Africa are evaluated in the market in this region.
Numerous different types of clinical research activities have been conducted in the United Arab Emirates in recent years. These are sponsored mainly by government-affiliated as well as private healthcare providers, and an increasing number of trials conducted in the UAE have been registered internationally. Further, academic grants, pharmaceutical sponsorships, and other endowments also account for clinical research funding in the nation.
According to the Department of Health officials, Abu Dhabi is well-positioned to become a leading destination for clinical trials, gaining the attention of leading multinational life sciences corporations due to its diverse population and strategic location. All these factors indicate an overall positive outlook for the clinical trials support services market.
Saudi Arabia conducts 15 trials per million people, compared to 341 trials per million people in the United States. Despite the large population, excellent healthcare infrastructure, and a high physician-to-patient ratio in the KSA, it still lags behind other countries with comparable economies in terms of clinical research. Saudi’s population has its own genetic characteristics. The key to attracting biotechnology and pharmaceutical companies is to concentrate on specific research areas of importance to the nation. This, in turn, would bolster the clinical trials conducted and drive the demand for support services.
COMPETITIVE OUTLOOK
Some of the acclaimed players in the clinical trials support services market include Worldwide Clinical Trials, Charles River Laboratories, WuXi AppTec, KCR, Alcura, Medpace, ICON Plc, and Advanced Clinical.
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