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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