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Clinical Trial Services Market 2019-2025 Size, Market Benefits, Upcoming Trends, Business Opportunity & Future Prospects

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The research report on clinical trial services market assesses the market demand, trends and opportunities for the period 2017 to 2027. The report highlights the historic trends & market forecast from 2019 to 2027. The report also entails the curren
Adroit Market Research
Global Clinical Trial Services Market
Size
by Phase (I, II, III, IV), Product (Pharmaceuticals, Biologics and Medical
Devices, Others), Therapeutics (Oncology, Cardiovascular Disease,
Dermatology, Neurological Disorders, Metabolic Disorders, Others), End
user (CROs, Pharmaceutical & Biotech Companies), Region and Forecast
2019 to 2027
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Adroit Market Research
Clinical Trial Services Market Size and Forecast 2018-2025
• The clinical trial services market is projected to reach USD 99.50 billion by 2027, growing with a CAGR of 10.1% during the forecast period
from 2019 to 2027. The growing pharmaceutical and biotech R&D activities is a major driver for the clinical trial services market.
• This research report on clinical trial services market assesses the market demand, trends and opportunities for the period 2017 to 2027.
The report highlights the historic trends from 2017 and 2018 & market forecast from 2019 to 2027.
• The report also entails the current status and future aspects of the market at global as well as country level along with the drivers,
challenges and opportunities. The global clinical trial services market has been segmented based on phase, products, therapeutics
and end users.
• Developing a new drug or therapeutic is an extensive process which takes approximately 10 years before it hits the market for
official usage, while significant risk is associated at every step.
• There is a huge sum of money invested in bringing one successful medicine in the market for patient use and with each phase of
the clinical trial, there are chance of failure and losing all the money.
• In the United States, government, industries, non-profit organizations, health care providers, academia, universities play important
roles in bringing new medical advancement and medicines to the patients.
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Adroit Market Research
Clinical Trial Services Market Size and Forecast 2018-2025
• In terms of regional distribution, Asia Pacific is expected to emerge as the most potential market for clinical
research services in coming years on account of rapid growth of CRO industry in countries such as China, India
and many more.
• With reduction in trial application approvals from approximately 6 months in 2016 to 4 months in 2017, large
number of pipelines have moved forward towards market approvals. This is likely to benefit the regional growth
of clinical trials in future.
• Global clinical trial services market is segmented on the basis of products such as pharmaceuticals,
biologics, medical devices and others. In 2018, the pharmaceuticals segment contributed USD 19,978.7
million by revenue and is expected to grow at the CAGR of over 10%during the forecast period.
• North America dominated the global clinical trial services market in 2018 with 48% market share. However Asia
Pacific is expected to outpace other regions during the forecast period.
• The rising incidence rate of various diseases that are similar to but higher than of Western countries are
generating large patient pools; which simplifies patient recruitment for clinical trials. Also, due to lack of favorable
government or insurance returns, clinical trials carves a great platform for patients to gain access to unique
therapies that they otherwise could not benefit from.
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Key segments of the Clinical Trial Services Market
• Phase Overview, 2017-2027 (USD Million)
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Phase I
Phase II
Phase III
Phase IV
• Product Overview, 2017-2027 (USD Million)
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Pharmaceuticals
Biologics
Medical Devices
Others
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Adroit Market Research
About Us
Contact Us
Adroit Market Research is an India-based business analytics and consulting company. Our
target audience is a wide range of corporations, manufacturing companies, product/technology
development institutions and industry associations that require understanding of a market’s
size, key trends, participants and future outlook of an industry. We intend to become our
clients’ knowledge partner and provide them with valuable market insights to help create
opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At
our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and
machinery & equipment sectors across the world to identify new opportunities, potential
customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for
companies, and many more.
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