Clinical Trials Management Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Service Type, By Industry, By Indication, By Company and By Region

Description

The global clinical trials management services market is anticipated to observe impressive growth during the forecast period, 2023-2027. The major factors include growing incidences of various diseases, upsurge demand for personalized medicines, and extensive development in technology, are curbing the market's growth. A clinical trial is a process in which several experiments or studies are performed on animals and humans to examine the results. Clinical trials are divided into two types that is observational studies and interventional trials. The other factors supporting the market's growth are, the extensive research and development, prevalence of various life-related diseases, large number of clinical trials and research studies, huge demand for vaccinations and medications, the growing aging population, and rise in investments by pharmaceutical and biotechnology companies in research and development activities.

Increasing Prevalence of Chronic and Lifestyle-Related Disorders

The growing occurrences of chronic diseases and other lifestyle-based diseases among population are augmenting the growth of the market, globally. Nowadays, people are opting for unhealthy choices such as tobacco, smoking, consumption of junk foods and others, due to which they suffer from various chronic diseases such as diabetes, heart strokes, hypertension, blood pressure and other. As per the national health survey, between 2017-2018, approximately 28.8% of adults in the UAE have high blood pressure. Owing to the increasing prevalence of these chronic diseases and growing demand for effective treatment methods, the surge in demand for development of innovative drugs is propelling the growth of the market, globally.

Rise in R&D Activities

Rising research and development activities for novel and personalized medications are propelling the growth of the market. Increasing investments in R&D activities such as by governments and key market players are strengthening the growth of the market. For instance, according to WHO, in 2020, 147,213 trials took place in the United States, then 23,051 trials in China and 13,481 in Japan.

Growing Demand for Precision Medicines

Growing prominence of specialized medicines is one of the primary factors, supporting the growth of the market. The surging demand for personalized medicines is due to their efficiency to treat unique, yet complex diseases. Doctors, researchers, and pharmaceutical firms are using precision medicine to develop new drugs and disease therapies, which surge the demand for clinical trial management services. For instance, in 2020, according to scope and significance of progress report, specialized medicines reported for about 39 percent of the total FDA-approved new drugs in the year.

Technological Advancements

Rapid advancements in tools and techniques are curbing the growth of the market. The increasing adoption of advanced technology such as AI, cloud based clinical trials, and machine learning in healthcare sector is driving the growth of the market. For instance, in South Korea, Asan Medical Center (AMC) has developed a new system, capable of handling clinical trial image data from group to extraction. This is expected to be a major revolution in CTM systems, as this could make clinical trials more effective and speedier than ever before. Similarly, as per the Veeva Unified Clinical Operations Survey, CROs are making major advancements to speed up and modernize clinical trials.

Market Segmentation

The global clinical trials management services market is segmented into service type, industry, indication, and company. Based on service type, the market is segmented into clinical trial monitoring, regulatory submissions, clinical trial data management, site management & monitoring, and others. Based on industry, the market is segmented into medical devices, and pharmaceuticals. Based on indication, the market is divided into immunology, hematology, oncology, neurology, and others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to the rising occurrences in chronic diseases and extensive technology development in the country.

Market Players

Laboratory Corporation of America Holdings, SGS Health Sciences, IQVIA, Inc., Syneous Health, Inc., Atlantic Research Group, ICON PLC, Charles River Laboratories International, Inc., and Medpace Holdings, Inc. are some of the leading companies operating in the market.

Report Scope:

In this report, global clinical trials management services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Clinical Trials Management Services Market, By Service Type:

Clinical Trial Monitoring

Regulatory Submissions

Clinical Trial Data Management

Site Management & Monitoring

Others

Clinical Trials Management Services Market, By Industry:

Medical Devices

Pharmaceuticals

Clinical Trials Management Services Market, By Indication:

Immunology

Hematology

Oncology

Neurology

Others

Clinical Trials Management Services Market, By Region:

North America

United States

Canada

Mexico

Asia-Pacific

China

India

Japan

Australia

South Korea

Europe & CIS

Germany

France

United Kingdom

Spain

Italy

South America

Brazil

Argentina

Colombia

Middle East & Africa

South Africa

Saudi Arabia

UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Clinical Trials Management Services Market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Product Code: 12996

1. Service Type Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Clinical Trials Management Services Market

5. Voice of Customer

6. Global Clinical Trials Management Services Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Service Type (Clinical Trial Monitoring, Regulatory Submissions, Clinical Trial Data Management, Site Management & Monitoring, Others)
- 6.2.2. By Industry (Medical Devices v/s Pharmaceuticals)
- 6.2.3. By Indication (Immunology, Hematology, Oncology, Neurology, Others)
- 6.2.4. By Region
- 6.2.5. By Company (2021)
6.3. Market Map

7. North America Clinical Trials Management Services Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Service Type
- 7.2.2. By Industry
- 7.2.3. By Indication
- 7.2.4. By Country
7.3. North America: Country Analysis
- 7.3.1. United States Clinical Trials Management Services Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Service Type
    - 7.3.1.2.2. By Industry
    - 7.3.1.2.3. By Indication
- 7.3.2. Canada Clinical Trials Management Services Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Service Type
    - 7.3.2.2.2. By Industry
    - 7.3.2.2.3. By Indication
- 7.3.3. Mexico Clinical Trials Management Services Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Service Type
    - 7.3.3.2.2. By Industry
    - 7.3.3.2.3. By Indication

8. Europe Clinical Trials Management Services Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Service Type
- 8.2.2. By Industry
- 8.2.3. By Indication
- 8.2.4. By Country
8.3. Europe: Country Analysis
- 8.3.1. France Clinical Trials Management Services Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Service Type
    - 8.3.1.2.2. By Industry
    - 8.3.1.2.3. By Indication
- 8.3.2. Germany Clinical Trials Management Services Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Service Type
    - 8.3.2.2.2. By Industry
    - 8.3.2.2.3. By Indication
- 8.3.3. United Kingdom Clinical Trials Management Services Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Service Type
    - 8.3.3.2.2. By Industry
    - 8.3.3.2.3. By Indication
- 8.3.4. Italy Clinical Trials Management Services Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Service Type
    - 8.3.4.2.2. By Industry
    - 8.3.4.2.3. By Indication
- 8.3.5. Spain Clinical Trials Management Services Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Service Type
    - 8.3.5.2.2. By Industry
    - 8.3.5.2.3. By Indication

9. Asia-Pacific Clinical Trials Management Services Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Service Type
- 9.2.2. By Industry
- 9.2.3. By Indication
- 9.2.4. By Country
9.3. Asia-Pacific: Country Analysis
- 9.3.1. China Clinical Trials Management Services Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Service Type
    - 9.3.1.2.2. By Industry
    - 9.3.1.2.3. By Indication
- 9.3.2. India Clinical Trials Management Services Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Service Type
    - 9.3.2.2.2. By Industry
    - 9.3.2.2.3. By Indication
- 9.3.3. Japan Clinical Trials Management Services Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Service Type
    - 9.3.3.2.2. By Industry
    - 9.3.3.2.3. By Indication
- 9.3.4. South Korea Clinical Trials Management Services Market Outlook
  - 9.3.4.1. Market Size & Forecast
    - 9.3.4.1.1. By Value
  - 9.3.4.2. Market Share & Forecast
    - 9.3.4.2.1. By Service Type
    - 9.3.4.2.2. By Industry
    - 9.3.4.2.3. By Indication
- 9.3.5. Australia Clinical Trials Management Services Market Outlook
  - 9.3.5.1. Market Size & Forecast
    - 9.3.5.1.1. By Value
  - 9.3.5.2. Market Share & Forecast
    - 9.3.5.2.1. By Service Type
    - 9.3.5.2.2. By Industry
    - 9.3.5.2.3. By Indication

10. South America Clinical Trials Management Services Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Service Type
- 10.2.2. By Industry
- 10.2.3. By Indication
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Clinical Trials Management Services Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Service Type
    - 10.3.1.2.2. By Industry
    - 10.3.1.2.3. By Indication
- 10.3.2. Argentina Clinical Trials Management Services Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Service Type
    - 10.3.2.2.2. By Industry
    - 10.3.2.2.3. By Indication
- 10.3.3. Colombia Clinical Trials Management Services Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Service Type
    - 10.3.3.2.2. By Industry
    - 10.3.3.2.3. By Indication

11. Middle East and Africa Clinical Trials Management Services Market Outlook

11.1. Market Size & Forecast
- 11.1.1. By Value
11.2. Market Share & Forecast
- 11.2.1. By Service Type
- 11.2.2. By Industry
- 11.2.3. By Indication
- 11.2.4. By Country
11.3. MEA: Country Analysis
- 11.3.1. South Africa Clinical Trials Management Services Market Outlook
  - 11.3.1.1. Market Size & Forecast
    - 11.3.1.1.1. By Value
  - 11.3.1.2. Market Share & Forecast
    - 11.3.1.2.1. By Service Type
    - 11.3.1.2.2. By Industry
    - 11.3.1.2.3. By Indication
- 11.3.2. Saudi Arabia Clinical Trials Management Services Market Outlook
  - 11.3.2.1. Market Size & Forecast
    - 11.3.2.1.1. By Value
  - 11.3.2.2. Market Share & Forecast
    - 11.3.2.2.1. By Service Type
    - 11.3.2.2.2. By Industry
    - 11.3.2.2.3. By Indication
- 11.3.3. UAE Clinical Trials Management Services Market Outlook
  - 11.3.3.1. Market Size & Forecast
    - 11.3.3.1.1. By Value
  - 11.3.3.2. Market Share & Forecast
    - 11.3.3.2.1. By Service Type
    - 11.3.3.2.2. By Industry
    - 11.3.3.2.3. By Indication

12. Market Dynamics

12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Laboratory Corporation of America Holdings
14.2. SGS Health Sciences
14.3. IQVIA, Inc.
14.4. Syneous Health, Inc.
14.5. Atlantic Research Group
14.6. ICON PLC
14.7. Charles River Laboratories International, Inc.
14.8. Medpace Holdings, Inc.