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Virtual Clinical Trials Market 2023 - Market Analysis, Growth Opportunities, Leading Competitors, And Forecast To 2032
Virtual Clinical Trials Market Analysis
Virtual Clinical Trials Market Size, Growth Rate, And Forecast
The global virtual clinical trials market size grew from $9.68 billion in 2022 to $10.49 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The virtual clinical trials market size is expected to grow to $14.82 billion in 2027 at a CAGR of 9.0%.
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Virtual Clinical Trials Market Drivers
The increasing investments by the government and pharmaceutical companies in the R&D for the development of new vaccines and drugs are driving the growth of the virtual clinical trials market. The R&D divisions in the medical industry are increasingly utilizing virtual clinical trial solutions and services to increase quality assurance and clinical data management of drugs and their products.
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Virtual Clinical Trials Market Segments
1) By Design: Observational Trials, Interventional Trials, Expanded Access Trials
2) By Phases: Phase I, Phase II, Phase III, Phase IV
3) By Indication: CNS, Autoimmune/Inflammation, Cardiovascular Disease, Metabolic/Endocrinology, Infectious Disease, Oncology, Genitourinary, Ophthalmology, Other Indications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the virtual clinical trials market.
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Virtual Clinical Trials Market Key Players
Major competitors in the virtual clinical trials market include ICON, plc, Parexel International, IQVIA, Covance, PRA Health Sciences, LEO Innovation Lab, Medidata, Oracle Inc., CRF Health, Clinical Ink, Inc.
The Business Research Company's "Global Virtual Clinical Trials Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Virtual Clinical Trials Market Include:
1. Executive Summary
2. Virtual Clinical Trials Market Characteristics
3. Virtual Clinical Trials Market Trends And Strategies
4. Virtual Clinical Trials - Macro Economic Scenario
5. Virtual Clinical Trials Market Size And Growth
....
26. Africa Virtual Clinical Trials Market
27. Virtual Clinical Trials Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Virtual Clinical Trials Market
29. Virtual Clinical Trials Market Future Outlook and Potential Analysis
30. Appendix
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