Clinical Trials Market - Current Impact to Make Big Changes by 2028

According to our new research study on "Clinical Trials Market Forecast To 2028 - COVID-19 Impact and Global Analysis - by Study Design, Phase, and Indication," the clinical trials market size is expected to reach US$ 76,023.44 million by 2028 from US$ 55,051.94 million in 2022; it is estimated to grow at a CAGR of 5.5% from 2022 to 2028.

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The report highlights trends prevailing in the market, and the factors driving and hindering the clinical trials market growth. The growth of the global clinical trials market is attributed increasing adoption and outsourcing of clinical trials, and the flourishing pharmaceutical industry with increasing R&D activities. However, the expensive and time-consuming process restricts the clinical trials market growth.

Based on phase, the clinical trials market is categorized into Phase I, Phase II, Phase III, and Phase IV. The Phase III segment held the largest market share in 2022, and it is estimated to register the highest CAGR during the forecast period. The Phase III is most expensive phase as it involves a vast number of subjects. The stage assists in determining the short-term and long-term efficacy of the active pharmaceutical ingredients.

Competitive Landscape: Clinical Trials Market: IQVIA Holdings Inc, Parexel International Corp, IXICO Plc, Charles River Laboratories International Inc, ICON Plc, WuXi AppTec Co Ltd, SGS SA, Syneos Health Inc, SIRO Clinpharm Pvt Ltd, Thermo Fisher Scientific Inc, and Laboratory Corp of America Holdings are the leading companies operating in the global clinical trials market.

To comprehend global Clinical Trials market dynamics in the world mainly, the worldwide market is analyzed across major global regions: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa)

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.