Oncology Clinical Trials Market Trends, Active Key Players and Growth Projection Up to 2030 | Polaris Market Research

Overview
Clinical trials in Oncology are research studies that include people. Through clinical trials, doctors search for new ways to enhance the cure and quality of life for people with specific illnesses. Researchers design oncology clinical trials to inspect new ways to cure cancer, search and diagnose cancer, prevent cancer, and supervise cancer symptoms and side effects from its treatment. Clinical trials are the concluding step in the lengthy process that commences with research in a lab. Before any new medicines are administered to people in clinical trials, researchers work for many years to contemplate their impacts on cancer cells in the lab and animals.

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Today, the life expectancy has increased from victorious cancer treatments that are an outcome of the past clinical trials. Through clinical trials, doctors decide if new treatments are guarded and compelling and function better than existing treatments. Clinical trials also assist in discovering new ways to avert and find cancer. They help improve the quality of life for people in the course of and after the treatment.

Drivers
The growing geriatric population to push the oncology clinical trials market
An increase in cancer cases, rise in geriatric population, growth in demand for advanced cancer treatment, helpful initiatives by the government, again in the requirement for personalized medicine, increase in cigarette smoking, and obesity because of changes in lifestyles escalate the risk of cancer. Development in innovation in oncology are the factors that propel the growth of the oncological clinical trial markets.

Further, collaborations and partnerships amidst key players to ease drug development, rise in R&D activities to enhance the quality of the drugs, growth in healthcare expenditure, obtainability of skilled professionals, initiation of a newly developed drug in the market, and technological advancements are some factors that augment the oncology clinical trials market growth.

Regional analysis
North America to dominate the regional domain over the forecast period
North America has accounted for the largest revenue share in the market for oncology clinical trials and is anticipated to carry on with its dominance over the forecast period. It can be attributed to increasing R&D in this region, growing acquisitions of new technologies in clinical research as well as the support of the government.

Key segmentation
By phase analysis
The phase II segment to maintain its position over the forecast period
The phase II segment guided the oncology clinical trials market because of many studies in phase II. Other than that, since 2010, there has been an enhancement in the entire productivity of oncological clinical trials calculated as success rates relative to the trial endeavor by 22%.

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By cancer type analysis
The market was led by the leukemia segment in the oncology clinical trials market
The leukemia segment accounted for the majority of revenue share. It is attributed to the growing number of blood cancers worldwide. New blood cancer cases are anticipated to account for 10% of aggregate diagnosed cases of cancer in the US.

Key players
Some of the major players operating in the global market for oncology clinical trials include PAREXEL International Corporation, PRA Health Sciences, Syneos Health, Medpace, Novotech, Pivotal, ICON Plc, Wuxi AppTec, Eli Lilly and Company, Novo Nordisk A/S, Pfizer, and Clinipace.

Recent developments
In September 2019, IQVIA declared its collaboration with cancer researchers to develop the usage of real-world evidence and inflate clinical oncology research.

In June 2018, Acurian and Synexus, a segment of PPD, initiated SynexusPlus. SynexusPlus is a site solution for enrolment by the patient in clinical studies. This enterprise is expected to enhance productivity through a clinical trial.

Oncology clinical trials market: By phase
• Phase I
• Phase II
• Phase III
• Phase IV

Oncology clinical trials market: By study design
• Interventional
• Observational
• Expanded Access

Oncology clinical trials market: By cancer type
• Lung cancer
• Breast cancer
• Thyroid cancer
• Leukemia
• Liver cancer
• Skin cancer
• Lymphoma
• Pancreatic cancer
• Prostate cancer
• Colon & rectal cancer
• Urinary system cancer
• Other cancer

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