Global $ 35 Billion Clinical Trial Support Services Markets



Dublin, Sep 21, 2021 (GLOBE NEWSWIRE) – The “Global Clinical Trial Support Services Market Size, Share and Trend Analysis Report By Phase, By Department (IRB, Trial Site Management) clinics, data management, patient recruitment management), by The Sponsor report, by Region, and Segment Forecasts, 2021-2028 “has been added to ResearchAndMarkets.com offer.

The global clinical trial support services market size is expected to reach USD 35.2 billion by 2028, with a CAGR of 7.3%.

Factors driving the growth of the market include the increasing demand for drug development which requires clinical trials and an increase in the number of CROs.

In the United States, the biopharmaceutical industry contributes about 90% of total spending on clinical trials of drugs and equipment. The costs of a clinical trial include data management, patient recruitment, site recruitment, and expenses related to clinical procedures. Pharmaceutical companies have gradually increased their investments in R&D in recent years. This was mainly due to a patent cliff in 2012, which resulted from several patent expirations.

The COVID-19 outbreak is further expected to increase demand for clinical trial support services throughout the forecast period. The majority of businesses and businesses across the world are threatened by the rapidly developing risk caused by the spread of the COVID-19 disease.

The current pandemic poses a serious threat to the well-being of the entire population. One key to effectively fighting COVID-19 lies in clinical research. The current situation around the world and the need to think about treatment options further prompted the most optimized plan to conduct clinical trials.

Highlights of the Clinical Trial Support Services Market Report

  • The phase III segment dominated the market with a revenue share of over 53% in 2020. This growth is attributed to the fact that phase III clinical trials are the most expensive and have huge subjects.
  • The clinical trial site management services segment accounted for the maximum share of revenue in 2020. Clinical trial site management services for offshore operations management have grown tremendously due to the trend of growth. outsourcing of clinical trials.
  • The pharmaceutical and biopharmaceutical company sponsors segment dominated the market in 2020. The biopharmaceutical industry accounts for approximately 90% of total spending on clinical trials of drugs and equipment in the United States.
  • North America is expected to dominate the global market in the forecast years owing to increasing R&D spending, growing demand for drug development, sustained government efforts, and ongoing projects.

Main topics covered:

Chapter 1 Scope of the report

Chapter 2 Methodology

Chapter 3 Objectives
3.1 Objective – 1: Understand the dynamics of the market
3.2 Objective – 2: Understand market estimates and forecasts
3.3 Objective – 3: Understand attributes such as strategic framework, categorization of competitors
3.4 Objective – 4: Understand the main areas of application and service to conclude on the size of the market.

Chapter 4 Executive summary
4.1 Market outlook
4.2 Segment outlook
4.3 Competitive outlook

Chapter 5 Clinical Trial Support Services Market: Variables, Trends and Scope
5.1 Market lineage outlook
5.1.1 Parents Market Outlook
5.1.2 Auxiliary Market Outlook
5.2 Mapping of penetration and growth prospects
5.3 Analysis of market variables
5.3.1 Market Driver Analysis
5.3.1.1 Increase in the number of clients offering services
5.3.1.2 Growing Demand for Clinical Trials in Emerging Markets
5.3.1.3 High R&D expenditure by pharmaceutical and biotechnology companies
5.3.2 Analysis of market restrictions
5.3.2.1 Lack of medical infrastructure and high-tech instruments
5.3.2.2 Lack of an adequate regulatory framework for the conduct of clinical trials in some countries
5.4 Clinical Trial Support Services Market: Analysis Tools
5.4.1 Porter’s five forces analysis
5.4.2 Pestel analysis
5.4.3 Analysis of major transactions and strategic alliances

Chapter 6 Clinical Trial Support Services Market: Phase Segment Analysis
6.1 Clinical Trial Support Services Market: Definition and Scope
6.2 Clinical Trial Support Services Market: Market Share Analysis, 2020 and 2028
6.3 Phase I
6.4 Phase II
6.5 Phase III
6.6 Phase IV

Chapter 7 Clinical Trial Support Services Market: Service Segment Analysis
7.1 Market: definition and scope
7.2 Market: Market Share Analysis, 2020 and 2028
7.3 Management of clinical trial sites
7.4 Patient recruitment management
7.5 Data management
7.6 Administrative staff
7.7 RIR

Chapter 8 Clinical Trial Support Services Market: Sponsors Segment Analysis
8.1 Market: definition and scope
8.2 Market: Market Share Analysis, 2020 and 2028
8.3 Pharmaceutical and biopharmaceutical companies
8.4 Medical device companies

Chapter 9 Clinical Trial Support Services Market: Regional Analysis
9.1 Market: definition and scope
9.2 Regional Market Overview
9.3 Market: Market Share Analysis, 2020 and 2028

Chapter 10 Company Profiles

  • Charles River Intl Laboratories Inc
  • WuXi AppTec
  • IQVIA
  • Genetic Insight
  • Eurofins Scientific SE
  • Pharmaceutical Development LLC
  • Icon API
  • Laboratory Corp. of America Holdings
  • ALcura
  • Parexel International

For more information on this report, visit https://www.researchandmarkets.com/r/rt9rno



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