The global clinical trial investigative site network market size is expected to reach USD 12.5 billion by 2030, registering a CAGR of 6.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing investments in pharmaceutical R&D, increasing demand for new therapies and complications associated with site management of clinical trials are some of the major factors driving the growth of the industry. There has been a consistent rise the clinical trials in the last 5 years. For instance, according to ClinicalTrials.gov, over 262,298 trials were registered in 2018, whereas as of September 2022, over 399,518 trials were registered. The clinical trials are expected to grow even further as the funding for research improves.
Clinical Trial Investigative Site Network Market Report Highlights
· Based on therapeutic areas, the oncology segment held the largest revenue share in 2021. The growing number of clinical trials for cancer is one of the major factors supporting the segment growth
· The phase III segment led the industry in 2021 with the maximum revenue share as this phase includes a greater number of patients than other phases, thus supporting the demand for clinical investigative site network
· Based on end-use, the Contract Research Organizations (CROs) segment is anticipated to witness the fastest CAGR over the forecast period
· This is owing to the increasing number of partnerships among site networks and CROs for clinical studies
· Asia Pacific is anticipated to register the fastest CAGR over the forecast period due to a rise in the outsourcing of clinical trials in this region
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This is expected to propel the growth of the industry post-pandemic. There is a growing focus on reducing the cost associated with clinical research. Hiring a clinical trial investigative site network supports the regulatory function, improves the enrollment of participants, assists in data management, and quality assurance. It increases process compliance, reduces process issues with each trial, and helps with faster trial initiations, and shorter trial timelines. These factors are supporting the demand for clinical investigative site networks. The governments are actively trying to improve R&D by providing tax deductions. For instance, in January 2022, the Indian government stated that it is providing a weighted average tax deduction of up to 200% in R&D.
Such initiatives are expected to improve the R&D activities on drugs and thus support industry growth. According to the IQVIA, report on oncology trends, clinical trials for cancer have been increasing for the last 10 years. For instance, in 2011, 1,242 trials were registered for cancer, and as of 2021, 2,335 trials were registered for cancer. The number of clinical trials for cancer is expected to rise even further owing to the growing prevalence of the disease. This is expected to improve the demand for clinical investigative site networks for cancer clinical trials post-pandemic.
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List of Key Players of Clinical Trial Investigative Site Network Market
· ICON plc
· Meridian Clinical Research
· IQVIA Inc.
· Clinedge
· WCG
· ClinChoice
· Access Clinical Research
· FOMAT Medical Research Inc.
· SGS
· KV Clinical
· SMO-Pharmina
· Xylem Clinical Research
· Aurum Clinical Research
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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Segmented the global clinical trial investigative site network market on the basis of therapeutic areas, phase, end-use, and region.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Therapeutic Areas
1.1.2. Phase
1.1.3. End Use
1.1.4. Regional scope
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective 1
1.9.2. Objective 2
Chapter 2. Executive Summary
2.1. Market Outlook
Chapter 3. Clinical Trial Investigative Site Network Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.1.1. Increasing partnership amongst contract research sites, thereby boosting the growth of clinical trial investigative site networks
3.3.1.2. High prevalence of diseases worldwide contributing to the demand for clinical research
3.3.1.3. Globalization of clinical trials
3.3.2. Market restraint analysis
3.3.2.1. Communication errors between sites and principal investigators
3.3.2.2. Complexities in clinical studies and research procedures
3.4. Clinical Trial Investigative Site Network Market Analysis Tools
3.4.1. Industry Analysis - Porter’s
3.4.2. PESTEL Analysis
3.4.3. Major Deals & Strategic Alliances Analysis
3.5. Covid-19 Impact Analysis and Reformation Strategies
Chapter 4. Clinical Trial Investigative Site Network Market: Therapeutic Areas Estimates & Trend Analysis
4.1. Definitions and Scope
4.2. Clinical Trial Investigative Site Network Market Share, 2021 & 2030
4.2.1. Oncology
4.2.1.1. Oncology market estimates and forecast 2018 to 2030 (USD Million)
4.2.2. Cardiology
4.2.2.1. Cardiology market estimates and forecast 2018 to 2030 (USD Million)
4.2.3. CNS
4.2.3.1. CNS market estimates and forecast 2018 to 2030 (USD Million)
4.2.4. Pain Management
4.2.4.1. Pain management market estimates and forecast 2018 to 2030 (USD Million)
4.2.5. Endocrine
4.2.5.1. Endocrine market estimates and forecast 2018 to 2030 (USD Million)
4.2.6. Others
4.2.6.1. Others market estimates and forecast 2018 to 2030 (USD Million)
Chapter 5. Clinical Trial Investigative Site Network Market: Phase Estimates & Trend Analysis
5.1. Definitions and Scope
5.2. Clinical Trial Investigative Site Network Market Share, 2021 & 2030
5.2.1. Phase I
5.2.1.1. Phase I market estimates and forecast 2018 to 2030 (USD Million)
5.2.2. Phase II
5.2.2.1. Phase II market estimates and forecast 2018 to 2030 (USD Million)
5.2.3. Phase III
5.2.3.1. Phase III market estimates and forecast 2018 to 2030 (USD Million)
5.2.4. Phase IV
5.2.4.1. Phase IV market estimates and forecast 2018 to 2030 (USD Million)
Chapter 6. Clinical Trial Investigative Site Network Market: End-use Estimates & Trend Analysis
6.1. Definitions and Scope
6.2. Clinical Trial Investigative Site Network Market Share, 2021 & 2030
6.2.1. Sponsor
6.2.1.1. Sponsors market estimates and forecast 2018 to 2030 (USD Million)
6.2.2. CRO
6.2.2.1. CRO market estimates and forecast 2018 to 2030 (USD Million)
Numerous things are assessed through clinical preliminaries, including: medications medication mixes new utilizes for existing drugs medical gadgets Prior to doing a clinical preliminary, examiners lead preclinical examination utilizing human cell societies or creature models.
For instance, they may test whether another prescription is harmful to a little example of human cells in a research centre.
Continue to peruse to study what occurs during each stage.
Stage 0 of a clinical preliminary is finished with an extremely modest number of individuals, generally less than 15.
This eliminate expects to calculate the most elevated portion people can take without genuine results.
They're generally given the very portion that was discovered to be protected in the past stage.
Pharmacovigilance and Drug Safety business is presently experiencing fast development and progress in formation of new prescription and medications to battle the pandemic and its belongings.
To investigate why clinical exploration is so significant for drug stores far and wide how about we comprehend what a drug organization does and how clinical examination will be helpful for it.
The drug business is responsible for making, creating and mass delivering medications and meds for human use to fight against sicknesses of any sort, be it large or little.
To do this, they have to create fixes that are compelling and alright for the public use and this is done using Clinical Research.
The whole cycle of clinical examination is the forerunner to the benefits made by drug organizations as without the assistance of clinical exploration which ensures a specific measure of security and affirmation with regards to large scale manufacturing; they wouldn't have the option to deliver medicine of any sort whatsoever.
The drug business enormously benefits by Clinical Researchers and their work as without them their industry wouldn't be very much presumed or trusted.
