According to the report “Clinical Trial Market”, published by Market Data Forecast, the global market is projected to reach USD 21.41 billion by 2021, at a CAGR of 7.75% from 2016 to 2021.
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Research studies that test the efficiency of new medical approaches are referred as clinical trial. They are performed on humans to gain specific information about biomedical interventions such as novel vaccines, devices, treatments and drugs and thereby generating safety data.
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Rising research and development expenditure of life science and clinical research industries and spur in life-threatening diseases affecting large number of population are the driving factors for the clinical trials market. However, shrinking clinical research workforce and certain complications in the regulatory affairs hinders the growth of the market.
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The Clinical Trial Market is segmented as following:
Based on Phase
- Phase I
- Phase II
- Phase III
Based on Design
- Interventional trials
- Observational trials
- Expanded Access trials
Based on Indications
- Autoimmune
- Blood disorders
- Cancer
- Circulatory
- CNS
- Congenital
- CVS
- Dermatology
- Ear
- Gastrointestinal
- Genitourinary
- Infections
- Mental disorders
- Metabolic
- Musculoskeletal
- Nose
- Ophthalmology
Geographical Segmentation:
- North America Clinical Trial Market
- Europe Clinical Trial Market
- Asia-Pacific Clinical Trial Market
- Latin America Clinical Trial Market
- Middle-East and Africa Clinical Trial Market
The major companies operating in the global Clinical Trial Market are Chiltern (U.K.), Omnicare (U.S.), PPD (U.S.), Parexel (U.S.), Kendle (U.S.), Quintles (U.S.), ICON Plc (Ireland), and Charles River(U.S.),
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The Scope of the report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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