123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Health >> View Article

Clinical Trials Market Worth $52.0 Billion By 2026 – Exclusive Report By Marketsandmarkets™

Profile Picture
By Author: Prachee
Total Articles: 39
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Clinical Trials Market by Phase (Phase I, II, III), Service Type (Site Identification, Laboratory Services, Decentralized Clinical Trial), Therapy Area (Oncology, Infectious Disease), and Application (Vaccines, Cell & Gene Therapy) - Global Forecast to 2026" published by MarketsandMarkets, the clinical trials market is projected to reach USD 52.0 billion by 2026 from USD 38.7 billion in 2021, at a CAGR of 6.1% during the forecast period. Factors such as growing R&D expenditure, increasing outsourcing of R&D activities, and the rising number of clinical trials worldwide are driving the growth of the global clinical trials market. The growing biosimilars and biologics market, rising demand for specialized testing services, and emerging Asian markets also offer significant growth opportunities for players operating in the market. However, a shortage of skilled professionals may challenge the markets growth to a certain extent.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=405

Browse in-depth TOC on "Clinical Trials Market”

324 – Tables

59 – Figures

304 ...
... – Pages

Key Market Players
IQVIA (US), LabCorp (US), Charles River Laboratories (US), WuXi AppTec (China), Syneos Health (US), PPD (US), and ICON Plc (US) are the prominent players operating in the clinical trials market.

IQVIA (US) dominates the clinical trials market. This is mainly due to its strong performance in the biopharmaceutical services industry and wide geographical coverage. The company’s foothold in the market is primarily attributed to various factors such as strong technical & service capabilities, good client relationships, diversified service offerings, and its ability to expand the penetration of its offerings. The company has registered significant growth in the biopharmaceutical services industry. It is present in all major markets, including the US, Japan, Germany, France, Spain, and Italy, in addition to BRIC. To increase its geographic presence and customer base, the company focuses on service launches, collaborations, and expansions.

Syneos Health (US) is one of the top 3 key players in the global clinical trials market. A diverse range of services are included under the Clinical Solutions business segment of Syneos Health that spans Phases I to IV of clinical development, which has strengthened the companys market position in 2020. Additionally, amidst the COVID-19 associated challenges, the company focuses on expanding its decentralized clinical trial capabilities rendering Syneos Health a strong foothold in the clinical trials market. In June 2021, the company announced the inclusion of a dedicated Decentralized Clinical Trials Site Advocacy Group, encouraging the adoption of decentralized solutions among professionals.

Labcorp (US) is one of the leading players in the global clinical trials market. LabCorp is one of the leading players in the global clinical trials market. The company’s strong focus on a broad range of customers, technology-enabled solutions, investments in collaborations & partnerships, and comprehensive quality systems and processes contribute to the growth of the company’s market share. The company provides clinical laboratory services to more than 220,000 customers, including managed care organizations (MCOs), biopharmaceutical companies, governmental agencies, physicians, hospitals and health systems, food and nutritional companies, and independent clinical laboratories. To enhance its share in the global clinical trials market, the company focuses on acquisitions, expansions, collaborations, and the development and launch of new and high-quality testing services.

Request Sample Pages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=405

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=405

Browse Adjacent Market: 3D Bioprinting Market Research Reports & Consulting

Related Reports:

Skin Health Foods Market / Dermatology Functional Foods Market by Indication (Skin Conditions, Anti-Aging, Anti-Allergy), Region (North America, Europe, Asia Pacific, Rest of the World), Regulatory Landscape, Pricing Analysis, COVID-19 Impact - Global Forecast to 2026
About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/clinical-trials-market.asp

Visit Our Website: https://www.marketsandmarkets.com/

Content Source: https://www.marketsandmarkets.com/PressReleases/clinical-trials.asp

Related Reports:

Trauma Products Market

Analytical Standards Market

Drug Discovery Informatics Market

Immunotherapy Drugs Market

Radiation Detection Monitoring Safety Market

Total Views: 79Word Count: 792See All articles From Author

Add Comment

Health Articles

1. The Best Dental Services You Can Get In Markham, Ontario
Author: Onyx Braun

2. Tips For Saving On Fut Hair Transplant Cost
Author: Jagadeesan

3. Pathology Ai Market Growth, Size, Share And Trends Analysis
Author: Delvens

4. How Often Should I Visit The Dental Clinic?
Author: Jagadeesan

5. Sci Ivf Hospital: Pioneering Altruistic Surrogacy And Ivf Solutions In Delhi
Author: SCI IVF Hospital

6. Best Air Ambulance Services In India
Author: Bluedot Air Ambulance

7. Prebiotic Soda 101: Understanding Its Role In Digestive Health
Author: Grey Cicada

8. Fusion Protein Market: Global Industry Analysis By Market Share, Size, Competitive Landscape
Author: Puja

9. Choosing A Great Care Home Company For You Or Your Loved One
Author: Forest Health

10. Diabetes Test Strips For Cats Can Save More Money For You On The Use!
Author: Mr. Asif

11. Revolutionizing Patient Care: The Power Of Digital Marketing For Hospitals
Author: GetSurgeryLead

12. The Importance Of Home Care In Tasmania
Author: AD Healthcare

13. Meth Addiction And Depression Treatment With The Best Rehab Facilities In California
Author: drug rehabs centers

14. Buy Roche 10mg Online: Convenience, Privacy And Accessibility
Author: Riley Johnson

15. Convenience And Accessibility Of Buying Tapentadol 100mg Online
Author: Riley Johnson

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: