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Clinical Trials Market 2019 : Covering Competitive Scenario And Dynamics By Clinipace Worldwide, LabCorp, Eli Lilly and Company, ICON, Novo Nordisk, Parexel, Pfizer, Pharmaceutical Product Development and others
The clinical trials market report is the best to know the trends and opportunities in healthcare industry. The forecast, analysis, evaluations and estimations carried out in this clinical trials report are all based upon the well-established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. These are the authentic tools used in market analysis on which businesses can trust confidently. This clinical trial market report brings into focus plentiful of factors such as the general market conditions, trends, inclinations, key players, opportunities, and geographical analysis which all aids to take your business towards the growth and success.To gain actionable market insights to build sustainable and money-spinning business strategies with an ease, clinical trial market research report is a great option. This market report examines market drivers, market restraints, challenges, opportunities and key developments in the healthcare industry. What is more, clinical trials market research report also comprises of details about market analysis, market definition, market segmentation, key development areas, competitive analysis and research methodology. The clinical trials report has estimations of CAGR values which are very important for businesses in deciding upon the investment value over the time period.
Market Analysis:
The Global Clinical Trials Market is expected to reach USD 1.76 billion by 2025, from USD 1.04 billion in 2017 growing at a CAGR of 6.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Competitors/Players: Global Clinical Trials Market
Clinipace Worldwide, LabCorp, Eli Lilly and Company, ICON Plc., Novo Nordisk, Parexel, Pfizer Inc., Pharmaceutical Product Development, LLC, IQVIA, Roche Holding, Ranbaxy Laboratories, Ltd., Sanofi Aventis A.S. and Roche Group., Aaipharma Services Corp, Accell Clinical Research LLC, Aptiv Solutions, Chiltern International Limited , Congenix, Covance Inc., Ecron Acunova Ltd, Eurotrials, Medpace Inc, Pharmanet Development Group, PRA International, Siro Clinpharm PVT. LTD among others.
Market Segmentation: Global Clinical Trials Market
The global clinical trials market is segmented based on phase, design and geographical segments.
On the basis of phase, the market is classified into Phase I, Phase II, Phase III and Phase IV.
On the basis of design, the market is segmented into treatment studies, observational studies. The treatment studies are further sub segmented into randomized control trial, adaptive clinical trial and non-randomized control trial. The observational studies segment is further sub segmented into cohort study, case control study, cross sectional study, ecological study
Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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Major Market Drivers and Restraints:
• Demand for clinical trials in emerging markets
• High R&D spending of the pharmaceutical industry
• Increasing prevalence of diseases
• Focus on rare diseases and multiple orphan drugs in pipeline
• Lack of skilled clinical research workforce
• Regulatory quality in emerging markets
• Stringent regulations for patient enrolment
Key Developments in the Market:
In March 2016, AAIPharma Services Corporation, which is a leading provider of custom development and manufacturing services for the pharmaceutical and biotechnology industries, announced its new identity as a leading contract development and manufacturing organization (CDMO) with expanded capabilities and capacity, the organization to now be known as “Alcami”
In July2018, Boehringer Ingelheim and Lilly announce Tradjenta’s CARMELINA cardiovascular outcome trial meets primary endpoint. The company announced the positive top-line results from the trial, which evaluated the impact of treatment with Tradjenta compared with placebo on cardiovascular safety on top of standard of care.
Competitive Analysis:
The global clinical trials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Clinical trials market for global, Europe, North America, Asia Pacific and South America.
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