North America Clinical Trials Support Services Market 2022-2028
MARKET OUTLOOK
According to Triton Market Research, the market for clinical trials support services in North America is anticipated to develop with a CAGR of 7.39% in the forecasted period 2022-2028. The United States and Canada are assessed in the market in this region.
There are several companies based in the US that operate in this field and offer various solutions. For instance, IQVIA offers a clinical trial management system, Syneos Health offers a decentralized solutions team & clinical project management solutions, Charles River Laboratories offers zygosity testing, Parexel offers biostatistics services, and many other companies offer similar services. The presence of several leading companies is aiding the growth of the United States’ market.
In Canada, hundreds of new clinical trials pertaining to medical drugs, vaccines, and others, take place. The nation accounts for 4% of the total global clinical trials conducted, and ranks fourth with respect to the number of clinical trials sites. Besides, it is also the leader among G7 countries in terms of clinical trials productivity. These factors influence the demand for support services to conduct these trials. This, in turn, is expected to foster the growth of the Canadian clinical trials support services market. Besides, the market is benefited by the availability of a large participant pool, as children and youth can also partake in the trial process after obtaining permission from their parents or caretakers.
COMPETITIVE OUTLOOK
Charles River Laboratories, PSI CRO, Advanced Clinical, Worldwide Clinical Trials, WuXi AppTec, CTI Clinical Trial and Consulting Services Inc, KCR, and Syneos Health are some of the eminent players in the clinical trials support services market.
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