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Patient Recruitment and Retention Services Market | Size, Share and Scope Analysis to 2031
According to the latest research by InsightAce Analytic, the global patient recruitment and retention services market is valued at US$ 3.63 billion in 2021, and it is expected to reach US$ 5.45 billion by 2030, with a CAGR of 4.7% during the forecast period of 2023-2031.
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Understanding innovative treatment interventions' safety and efficacy profiles requires comprehension of the laborious phase of the drug development process known as clinical trials. In addition to other well-known obstacles, patient recruitment is regarded as one of the rate-limiting phases when bringing pharmaceuticals to market. In addition, retaining patients is problematic, given the general attrition rate in clinical research. Utilizing contract service providers has been shown to accelerate the patient recruitment process. These service providers employ various outreach strategies, such as social media, mobile technology, electronic health records (EHRs), and real-world evidence (RWE). Over time, they have become indispensable to efficient clinical research.
The market for clinical trial patient recruitment services is growing due to many factors, including expanding the pharmaceutical and medical industries, increasing clinical study demand, and adopting decentralized clinical trials. Improved patient recruitment rates will expedite clinical trials and drug development, allowing medical companies to reduce their time to market. Consequently, patient recruitment and retention services are crucial to the medical industry. Due to the increasing complexity of clinical trials and the need for specialized patient populations for studies evaluating orphan medications and personalized medicines, many major pharmaceutical companies have outsourced their patient recruitment operations. Due to these factors, different developer firms will likely follow suit.
However, delays in product release due to sponsors' inability to attract/retain patients are typical and believed to result in an average loss. The temporary closure has had a significant impact on clinical trials, particularly in the area of patient recruitment. The closure has restricted patients' access to research sites, resulting in a substantial patient population dropout from many scientific trials.
2021 North America dominated the global market with the highest revenue share. This market will likely expand due to the numerous clinical studies in this field. Government funding for clinical trials and substantial R&D investments contribute to market development. The growth of the clinical trial patient recruitment services market in North America has been attributed to large CROs offering support services such as patient recruitment and multinational pharmaceutical & biopharmaceutical companies making substantial investments in clinical research. Due to low research costs, easy regulatory compliance, a growing patient population, and a few elite clinical institutions functioning as trial sites, the region has become a centre for clinical trials.
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Major market players operating in the patient recruitment and retention services market include Acurian, BBK Worldwide, Bright Pharmaceutical Services, ClinEdge, CSSi, CTM, Evolution Research Group (ERG), Integrated Clinical Trial Services (ICTS), MMG, Veristat, WCCT Global, Antidote, Clinical Accelerator, Fidelis Research, Ignite Data, Polaris BioPharma Consulting, Raremark, Clinrol, CROee, Gitzo Medical Technology, Pacific Grove, and TrialWire.
Key developments in the market:
• In June 2022, Evolution Research Group, LLC (ERG) acquired Ohio Clinical Trials (OCT). The purchase of OCT complements ERG's objective of consistently adding personnel and services to diversify further within the brain and pain therapeutic areas and streamline clinical trial execution throughout all phases of development.
• In Jan 2022, Publicis Health announced the acquisition of BBK Worldwide (BBK). BBK allows biotech and pharmaceutical clients to speed R&D programmes by integrating patient-centric services and proprietary technology in a way that advances research, complementing Publicis Health's current CTE capabilities.
• In September 2021, Syneos Health a strategic agreement with Ride Health to provide clinical trial participants with non-emergency medical transportation (NEMT). The partnership, which is based on product integration between Ride Health and the Syneos Health patient engagement platform, will make it possible to provide a comprehensive transportation program for Syneos Health trials in the United States to increase access, easing burden, and enhancing patient retention while accelerating clinical trial recruitment for sponsors.
• In September 2020, ICON plc announced that it is launching Accellacare. This global clinical research network will provide patients with quicker access to cutting-edge treatments and give customers the option to set up decentralized trials. The site network includes MeDiNova Research in EMEA and previously purchased PMG Research in the US.
Market Segments
Global Patient Recruitment and Retention Services Market, by Therapeutic Areas, 2023-2031 (Value US$ Bn)
• Cardiovascular Diseases
• Oncological Disorders
• Infectious Diseases
• CNS Disorders
• Respiratory Disorders
• Hematological Disorders
• Others
Global Patient Recruitment and Retention Services Market, by Patient Recruitment Steps, 2023-2031 (Value US$ Bn)
• Pre-screening
• Screening
Global Patient Recruitment and Retention Services Market, by Trial Phases, 2023-2031 (Value US$ Bn)
• Phase I
• Phase II
• Phase III
• Phase IV
Global Patient Recruitment and Retention Services Market, by Region, 2023-2031 (Value US$ Bn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Patient Recruitment and Retention Services Market, by Country, 2023-2031 (Value US$ Bn)
• U.S.
• Canada
Europe Patient Recruitment and Retention Services Market, by Country, 2023-2031 (Value US$ Bn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Patient Recruitment and Retention Services Market, by Country, 2023-2031 (Value US$ Bn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Patient Recruitment and Retention Services Market, by Country, 2023-2031 (Value US$ Bn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Patient Recruitment and Retention Services Market, by Country, 2023-2031 (Value US$ Bn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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