PUBLISHER: Inkwood Research | PRODUCT CODE: 1121481
PUBLISHER: Inkwood Research | PRODUCT CODE: 1121481
The North America clinical trials support services market is set to grow with a 7.20% CAGR between the forecast period, 2022 and 2030. Efficient and cost-saving technologies and the presence of numerous market players boost the market growth in the region.
The North America clinical trials support services market growth analysis entails the evaluation of Canada and United States. Globally, Canada is known for the quality and expertise of its research clinicians. Some of them are globally recognized for major medical discoveries and innovations. The strong investments in the Canadian clinical trial process can also be attributed to Canada's world-leading higher education system, its publicly-funded health care system known for quality, etc.
Hundreds of new clinical trials are conducted in Canada about vaccines, medical drugs, etc. Further, children and youth can participate in the clinical trial process after seeking permission from their parents. Besides, the Canadian government funds the clinical trials through the Strategic Innovation Fund (SIF) to support research and development, clinical trials, and manufacturing vaccines and therapeutic drugs to fight COVID-19. Major global pharmaceutical companies conduct a large portion of their clinical trials in Canada, driving its growth during the forecast period.
Key players operating in the market include: IQVIA, Charles River Laboratories Inc, Parexel, etc.