Clinical Trials Market Analysis, Size, and Growth (2023-2028)
Clinical Trials Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 43.37 Billion |
Market Size by 2031 | US$ 73.33 Billion |
Global CAGR (2023 - 2031) | 6.8% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Study Design
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Clinical Trials Market News and Recent Developments
The clinical trials market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market are listed below:
- Oracle announced new capabilities in Oracle Clinical One Randomization and Trial Supply Management (RTSM). With new enhancements for use, access, and regionalization, Clinical One RTSM users can address dynamic, country-specific regulatory requirements, and gain speed, reliability, and transparency in trials from commencement to closeout. (Source: Oracle Corp, Company Website, May 2024)
- Parexel and Palantir Technologies Inc., a leading builder of artificial intelligence (AI) systems, entered into a multiyear strategic partnership to leverage AI to aid in enhanced, accelerated, safe, and effective clinical trials worldwide. Under this collaboration, Parexel leverages Palantir's Foundry and Artificial Intelligence Platform (AIP) to power its clinical data platform focused on driving clinical trial efficiency while maintaining the highest level of safety and regulatory rigor. (Source: Parexel International Corp, Company Website, April 2024)
Clinical Trials Market Report Coverage and Deliverables
The "Clinical Trials Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Clinical trials market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Clinical trials market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Clinical trials market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the clinical trials market
- Detailed company profiles