The clinical trial market size is estimated to be US$ 120.97 billion in 2024. From 2024 to 2034, the market is expected to progress at a solid clip, registering a CAGR of 4.3%. By 2034, the clinical trial market is anticipated to have reached a value of US$ 184.61 billion.
Clinical Trial Market Growth Report
Attributes | Details |
---|---|
Clinical Trial Market Value for 2024 | US$ 120.97 billion |
Projected Market Value for 2034 | US$ 184.61 billion |
Value-based CAGR of Market for 2024 to 2034 | 4.3% |
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While governments are an important avenue of sponsorship for clinical trials, industrial enterprises are their major funding providers. Oncology is attaining even more of an elevated status as the subject of clinical trials.
The industry is expected to account for 55.0% of the market share by sponsor in 2024. Some of the factors influencing rising industry funding in the market are:
Attributes | Details |
---|---|
Top Sponsor | Industry |
Market Share in 2024 | 55.0% |
Oncology is expected to contribute to 70.5% of the market share by area in 2024. Some of the reasons oncology continues to dominate the segment are:
Attributes | Details |
---|---|
Top Area | Oncology |
Market Share in 2024 | 29.7% |
The financial might of the governments and companies in the area has ensured North America remains a fertile region for the market. North America is home to the majority of clinical trials.
Europe is another region where the economically well-off governments are sponsoring clinical trials at an increasing rate. The proliferation of research institutes and encouragement for academic studies is also helping the market’s purpose in the region.
Countries | CAGR (2024 to 2034) |
---|---|
United States | 5.0% |
United Kingdom | 4.7% |
Germany | 5.6% |
Italy | 3.2% |
Canada | 3.8% |
The CAGR of the market for the forecast period in Germany is anticipated to be 5.6%. Some of the factors influencing the growth are:
The market is expected to register a CAGR of 4.7% in the United Kingdom over the forecast period. Some of the factors leading to the growth of the market in the United Kingdom are:
The market is expected to have a CAGR of 3.2% in Italy. Some of the factors responsible for the growth of the market are:
The market is expected to progress at a CAGR of 3.8% in Canada. Some factors influencing the progress are:
The market is expected to register a CAGR of 5.0% in the United States. Some factors influencing the growth of the market in the country are:
Players in the clinical trial market are keeping the source of sponsorship open to both private and government investors. Sponsors are also getting involved in the areas the trials should be focused on.
The market is fairly competitive, with smaller companies making their mark. Partnerships are being sought with clinical research organizations for increased expertise and smooth operations.
Recent Developments in the Clinical Trial Market
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The clinical trial market is estimated to be US$ 120.97 billion in 2024.
Industry sponsorship is the most common source for clinical trials, with an expected market share of 55.0% in 2024.
The clinical trial market is expected to register a sturdy CAGR of 5.0% in the United States from 2024 to 2034.
The clinical trial market’s size in 2034 is predicted to be US$ 184.61 billion.
Use of technology like AI and virtual clinical trials are two of the trends in the clinical trial industry.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sponsor
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Sponsor, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Sponsor, 2024 to 2034
5.3.1. Pharmaceutical & Biopharmaceutical Companies
5.3.2. Medical Device Companies
5.3.3. Government Organizations
5.3.4. Non-Government Organizations
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Sponsor, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Sponsor, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Area
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Area, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Area, 2024 to 2034
6.3.1. Oncology
6.3.2. Infectious Diseases
6.3.3. Metabolic Diseases
6.3.4. Cardiovascular Diseases
6.3.5. Neuroscience
6.3.6. Respiratory Diseases
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Area, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Area, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Phase
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Phase, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Phase, 2024 to 2034
7.3.1. Phase 1
7.3.2. Phase 2
7.3.3. Phase 3
7.3.4. Phase 4
7.4. Y-o-Y Growth Trend Analysis By Phase, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Phase, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Sponsor
9.2.3. By Area
9.2.4. By Phase
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Sponsor
9.3.3. By Area
9.3.4. By Phase
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Sponsor
10.2.3. By Area
10.2.4. By Phase
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Sponsor
10.3.3. By Area
10.3.4. By Phase
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Sponsor
11.2.3. By Area
11.2.4. By Phase
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Sponsor
11.3.3. By Area
11.3.4. By Phase
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Sponsor
12.2.3. By Area
12.2.4. By Phase
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Sponsor
12.3.3. By Area
12.3.4. By Phase
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Sponsor
13.2.3. By Area
13.2.4. By Phase
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Sponsor
13.3.3. By Area
13.3.4. By Phase
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Sponsor
14.2.3. By Area
14.2.4. By Phase
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Sponsor
14.3.3. By Area
14.3.4. By Phase
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Sponsor
15.2.3. By Area
15.2.4. By Phase
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Sponsor
15.3.3. By Area
15.3.4. By Phase
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Sponsor
16.1.2.2. By Area
16.1.2.3. By Phase
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Sponsor
16.2.2.2. By Area
16.2.2.3. By Phase
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Sponsor
16.3.2.2. By Area
16.3.2.3. By Phase
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Sponsor
16.4.2.2. By Area
16.4.2.3. By Phase
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Sponsor
16.5.2.2. By Area
16.5.2.3. By Phase
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Sponsor
16.6.2.2. By Area
16.6.2.3. By Phase
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Sponsor
16.7.2.2. By Area
16.7.2.3. By Phase
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Sponsor
16.8.2.2. By Area
16.8.2.3. By Phase
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Sponsor
16.9.2.2. By Area
16.9.2.3. By Phase
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Sponsor
16.10.2.2. By Area
16.10.2.3. By Phase
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Sponsor
16.11.2.2. By Area
16.11.2.3. By Phase
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Sponsor
16.12.2.2. By Area
16.12.2.3. By Phase
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Sponsor
16.13.2.2. By Area
16.13.2.3. By Phase
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Sponsor
16.14.2.2. By Area
16.14.2.3. By Phase
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Sponsor
16.15.2.2. By Area
16.15.2.3. By Phase
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Sponsor
16.16.2.2. By Area
16.16.2.3. By Phase
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Sponsor
16.17.2.2. By Area
16.17.2.3. By Phase
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Sponsor
16.18.2.2. By Area
16.18.2.3. By Phase
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Sponsor
16.19.2.2. By Area
16.19.2.3. By Phase
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Sponsor
16.20.2.2. By Area
16.20.2.3. By Phase
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Sponsor
16.21.2.2. By Area
16.21.2.3. By Phase
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Sponsor
16.22.2.2. By Area
16.22.2.3. By Phase
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Sponsor
16.23.2.2. By Area
16.23.2.3. By Phase
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Sponsor
17.3.3. By Area
17.3.4. By Phase
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Pharmaceutical Product Development, INC.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. ICON plc
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Charles River Laboratories International, Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. IQVIA
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. SYNEOS HEALTH
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. SGS SA
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Pfizer
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Chiltern International Ltd
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Clinipace
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Novo Nordisk A/S
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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