Press release
Global Clinical Trials Market To Be Driven By The Increasing Demand For Oncology, In The Forecast Period Of 2021-2026
Clinical Trials Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
Historical Market Size (2021): USD 44.3 billion
Forecast CAGR (2021-2026): 5.4%
Forecast Market Size (2026): USD 60.7 billion
Oncology clinical trials are more complicated than other therapeutic fields since improved therapies for particular malignancies are required. An oncology trial investigates the efficacy and safety of an antibiotic against infection, as well as how it might enhance the subject's quality of life.
Because cancer research is advancing at such a rapid pace, immunotherapy has evolved away from chemotherapy and toward molecularly targeted therapies. Oncology clinical trials have evolved rapidly in terms of accessible clinical data, as well as a robust and growing pipeline of treatment candidates.
Industry Definition and Major Segments
Clinical trials are research studies designed to evaluate the efficacy of a medical, surgical, or behavioral intervention. They are the primary way for scientists to evaluate if a new therapy, such as a new pharmaceutical, food, or medical gadget, is safe and effective in humans. A clinical trial is commonly conducted to assess whether a new treatment is more effective and has fewer adverse effects.
The high need for clinical trials in growing countries, the pharmaceutical industry's high R&D investment, the increasing prevalence of disorders, and the focus on rare diseases and several orphan medications in the pipeline are the primary drivers driving the market's growth.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/clinical-trials-market
By design, the market is divided into:
Treatment Studies
Randomised Control Trial
Adaptive Clinical Trail
Non- Randomised Control Trial
Observational Studies
Cohort Studies
Case Control Study
Cross Section Study
Ecological Study
The global regions for radiology positioning aids market include:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
The COVID-19 pandemic has had a significant influence on the clinical trial industry, since there has been a growing emphasis on the discovery of novel treatments or vaccinations to prevent or treat the disease.
The market is growing at a robust pace, owing to the advancements in healthcare and pharmaceuticals. Government initiatives have motivated small, medium, and large players to enter into drug development.
Key Market Players
The major players in the market are IQVIA, Parexel International Corporation, Charles River laboratory, ICON Plc, Syneos Health, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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