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Clinical Trials Market Outlook 2020-2027 : Global Analysis and Forecast Report | ICON PLC, EUROTRIALS, ECRON ACUNOVA LTD, COVANCE INC. CONGENIX, APTIV SOLUTIONS, ACCELL CLINICAL RESEARCH LLC,
Global Clinical Trials Market was valued at USD 42.6 billion in 2019 which is expected to reach USD 68.4 billion by 2027 at a CAGR 5.88%.Clinical trials are the type of research study which is conducted on individuals for testing medical drugs or equipment to determine the treatment of certain disorders or diseases. Clinical trial has certain protocol and action plan to execute testing procedure. These are conducted to check the safety and efficacy of drug of any new medicine.
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Market Drivers
Increase in number of clinical trials and increase in demand for novel therapeutic drugs and medical devices which are expected to boost the global clinical trials market growth. Furthermore, increase in prevalence on chronic diseases like cancer, diabetes will have the positive impact on global clinical trials market growth. Moreover, COVID 19 pandemic is the global crisis overall the world to [prevent this crisis various clinical trials are in process which is expected to propel the growth of global clinical trials market growth. Also, increase in government initiatives and investments will fuel the global clinical trials market growth.
Market Restraints
However, stringent rules and regulations is the restraining factor which is expected to hamper the global clinical trials market growth. Also, lack of qualified professionals will affect the global clinical trials market growth.
Market Key Players
Various key players are discussed in this report such as ICON PLC, EUROTRIALS, ECRON ACUNOVA LTD, COVANCE INC. CONGENIX, CHILTERN INTERNATIONAL LIMITED, APTIV SOLUTIONS, ACCELL CLINICAL RESEARCH LLC, and AAIPHARMA SERVICES CORP.
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Market Taxonomy
By Phase
• Phase I
• Phase II
• Phase III
• Phase IV
By Design
• Interventional
• Observation
• Expanded Access
By Indication
• Cardiovascular
• Obesity
• Diabetes
• CNS condition
• Oncology
• Pain management
• Autoimmune/inflammation
• Others
By Region
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East & Africa
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Vishal Thakur
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QualiKet Research
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Website: https://qualiketresearch.com
About Us:-
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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