PUBLISHER: Grand View Research | PRODUCT CODE: 1363310
PUBLISHER: Grand View Research | PRODUCT CODE: 1363310
The Indian clinical trials market size is expected to reach USD 3.87 billion by 2030, registering a CAGR of 8.3% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The globalization of clinical trials, growing disease variation and prevalence in the country, adoption of new technology in clinical research, and increasing R&D promoting outsourcing are the key factors driving the market.
India is populated with 1.3 billion individuals with varying genetic backgrounds and a large treatment-naive patient pool for the development of therapeutics on a range of disease conditions. Furthermore, the economic, environmental, and ecological variations in the 28 states and 8 union territories present the most diverse disease profile. Apart from this, the cost of carrying out clinical trials in India is nearly 40-70% less when compared to that in Europe or the U.S. Thus, the cost efficiency, along with skill sets and ease of doing business, is anticipated to fuel the market growth.
The increasing R&D investments by pharmaceutical and biopharmaceutical companies have led to increased demand for contract research organizations and outsourcing of trials in order to curb the cost. Furthermore, outsourcing enables the drug companies to focus on their core competencies and aids in improving their productivity, thus facilitating the outsourcing of trials in India. The COVID-19 pandemic has improved the market in the country. Several companies globally are conducting clinical trials for COVID-19 vaccines in India. Moreover, government initiatives promoting clinical trials for COVID-19 therapeutics in the country have promoted market growth.
List of Figure
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Indian clinical trials: Market outlook
Fig. 9 Indian clinical trials: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Indian clinical trials market driver impact
Fig. 15 Indian clinical trials market restraint impact
Fig. 16 Indian clinical trials market strategic initiatives analysis
Fig. 17 Indian clinical trials market: Phase movement analysis
Fig. 18 Indian clinical trials market: Phase outlook and key takeaways
Fig. 19 Phase I market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 20 Phase II market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 21 Phase III market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 22 Phase IV market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 23 Indian clinical trials market: Study design movement analysis
Fig. 24 Indian clinical trials market: Study design outlook and key takeaways
Fig. 25 Interventional trials market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 26 Observational trials market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 27 Expanded access trials market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 28 Indian clinical trials market: Indication movement analysis
Fig. 29 Indian clinical trials market: Indication outlook and key takeaways
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Fig. 55 Others market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 56 India market estimates and forecasts, 2018 - 2030 (USD Million)