Clinical Trial Services Market Size, Share, Global Trends, Comprehensive Research Study

Adroit Market Research

Clinical Trial Services Market

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 Single Use License: US$ +1 (214) 884-6068

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Clinical Trial Services Market Size and Share 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. Furthermore, the report gives an in-depth analysis of the market competitors with company profiles of key players.

• 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. Out of all these entities, bio pharmaceutical industry accounts for a vast majority of clinical trials investment across the United States. For instance, in 2013, there were approximately 6,200 drug trials in the U.S., which involved around 1 million participants across 50 states and the District of Columbia. The total investment for conducting the clinical trials was worth USD 10 billion. +1 (214) 884-6068

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Clinical Trial Services Market Size and Share 2025 • 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. It offers numerous benefits to the Western pharmaceutical companies some of them include: • Asia Pacific has the fastest growing pharmaceuticals market due to favorable market norms, aging populations, fast-growing middleclass and greater market access • The IPR and legal infrastructure in Singapore and Japan are the strongest worldwide with minimal legal hassles for employing patients for clinical trials • 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 • The Multi Regional Clinical Trials have facilitated several harmonization initiatives between member and non-member countries to restructure the clinical trial process. The ASEAN Free Trade Area member countries and fast-track regulations in numerous countries are aiding faster commercialization for multinational companies

• The major players in the global clinical trial services market include PAREXEL International Corporation, IQVIA, Charles River Laboratory, ICON Plc, Wuxi AppTec Inc., PRA Health Sciences, Almac Group, Ancillare, LP, Klifo, Catalent, Inc., Thermo Fisher Scientific (Fisher Clinical Services), Covance Inc. (LabCorp) and others.

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Clinical Trial Services Market Size and Share 2025 • Segment Overview of Global Clinical Trial Services Market • Phase Overview, 2017-2027 (USD Million) • • • •

Phase I Phase II Phase III Phase IV

• Product Overview, 2017-2027 (USD Million) • • • •

Pharmaceuticals Biologics Medical Devices Others

• Therapeutics Overview, 2017-2027 (USD Million) • • • • • •

Oncology Cardiovascular Disease Dermatology Neurological Disorders Metabolic Disorders Others

• End user Overview, 2017-2027 (USD Million) • •

CROs Pharmaceutical & Biotech Companies

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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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