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health-views-updates · 4 months ago

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Virtual Clinical Trials Market Future: Trends, Challenges, and Opportunities

Virtual Clinical Trials Market Outlook, Scope & Overview:

Industry reports indicate that the global virtual clinical trials market was valued at USD 8.39 billion in 2023 and is projected to reach USD 13.17 billion by 2031, growing at a CAGR of 5.8% over the forecast period 2024-2031.

Technological Advancements to Drive Growth of Global Virtual Clinical Trials Market

The adoption of virtual clinical trial solutions will continue to influence global market revenues. The shift towards virtual and decentralized clinical trials is driven by the need for more flexible, efficient, and patient-centric trial designs that can enhance data collection and reduce operational costs.

As a product segment, remote patient monitoring and digital data collection solutions currently hold a significant share of the global virtual clinical trials market. This segment is anticipated to grow at a year-over-year rate of 5.8% in 2024 over 2023 and reach USD 13.17 billion in revenues by 2031. The increasing demand for real-time data access and the need to overcome geographical and logistical challenges in clinical trials are expected to drive market growth.

Virtual Clinical Trials Solutions – Market Dynamics

Drivers:

Virtual clinical trials are witnessing significant growth due to their ability to provide greater flexibility, enhance patient engagement, and improve the efficiency of trial processes. The advancements in digital health technologies, such as remote monitoring devices, telemedicine platforms, and electronic data capture systems, are key factors driving the adoption of virtual clinical trials. Additionally, the need for faster trial recruitment and the growing focus on patient-centric approaches are further propelling market growth.

Restraints:

Despite the growth potential, challenges such as data privacy concerns, regulatory hurdles, and the complexity of integrating virtual trial technologies with existing systems are hindering the widespread adoption of virtual clinical trials. Moreover, issues related to technology accessibility, patient engagement, and the need for robust cybersecurity measures pose additional challenges to market expansion.

Virtual Clinical Trials Solutions – Market Outlook

The proven benefits of virtual clinical trials in enhancing trial efficiency, improving patient participation, and reducing operational costs have contributed to the market's growth. Virtual clinical trials are expected to witness increased adoption across major markets, including North America, Europe, and Asia Pacific, driven by advancements in digital health technologies and the growing emphasis on decentralized trial models.

Global Virtual Clinical Trials Market

The rise in demand for virtual clinical trials in developed and emerging markets is expected to drive market growth over the forecast period. North America currently holds a significant market share in the global virtual clinical trials market, with the US being a key contributor to market revenues. Europe and Asia Pacific regions are also experiencing rapid adoption of virtual trial solutions, supported by favorable regulatory frameworks and increasing investments in digital healthcare infrastructure.

Key Players in the Virtual Clinical Trials Solutions Market

Leading companies in the virtual clinical trials solutions market include Medidata Solutions, Parexel International, Veeva Systems, and Oracle Corporation. These companies are at the forefront of developing and commercializing advanced virtual trial platforms and technologies for various clinical research applications, including remote monitoring, data management, and patient engagement.

In conclusion, the global virtual clinical trials market is poised for substantial growth over the forecast period, driven by technological advancements, increasing demand for decentralized trial models, and the expanding adoption of digital health solutions across diverse clinical research settings.

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#Virtual Clinical Trials Market #Virtual Clinical Trials Market Size #Virtual Clinical Trials Market Share #Virtual Clinical Trials Market Trends #Virtual Clinical Trials Market Growth #Virtual Clinical Trials Market Analysis #Virtual Clinical Trials Market Outlook

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global-research-report · 1 day ago

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Revolutionizing Drug Development: How the Clinical Trials Market is Evolving

Clinical Trials Industry Overview

The global clinical trials market size is expected to reach USD 123.5 billion by 2030, expanding at a CAGR of 6.49% from 2024 to 2030, according to a new report by Grand View Research, Inc. An increase in the volume and complexity of clinical trials has been witnessed lately, which plays an important role in the R&D of new drugs and products. The market witnessed a decline of 6% in 2020 owing to the COVID-19 pandemic. However, the market is projected to recover from 2021 onwards. In addition, clinical trials have become increasingly costly, adding to the overall cost of developing a drug

The increasing need for developing new drugs for chronic diseases, such as cancer, respiratory disorders, diabetes, cardiovascular diseases, and others, is creating immense pressure on the healthcare industry. The COVID-19 pandemic and the increasing demand for developing a suitable treatment are driving the market. The high number of people affected by the disease further depicts an increasing need for therapeutics & vaccines. Currently, there are 288 therapeutics and 106 vaccines under development, out of which, nearly 7.0% of therapeutics are in Phase IV, 21.0% in Phase III, and 43.0% & 13.0% in Phase II & Phase I, respectively.

Gather more insights about the market drivers, restrains and growth of the Clinical Trials Market

The pandemic has resulted in the global disruption of traditional onsite clinical trials. Hence, regulatory bodies worldwide have undertaken various initiatives for fast-tracking clinical trials for the development of innovative solutions. One such instance is Solidarity, an international clinical trial launched by the WHO to find effective treatment against COVID-19. Although the pandemic has forced many medical device & drug developers to revise the approach to such crises, integrating best practices within clinical trial procedures & adapting to virtual trials, which can support the continuous development of therapeutics.

Browse through Grand View Research's Healthcare IT Industry Research Reports.

The global data monetization solutions for healthcare payers market size was estimated at USD 398.7 million in 2024 and is expected to grow at a CAGR of 15.8% from 2025 to 2030.

The ambulatory surgery centers IT services market size was valued at USD 230.8 billion in 2024 and is anticipated to grow at a CAGR of 10.8% from 2025 to 2030.

Clinical Trials Market Segmentation

Grand View Research has segmented the global clinical trials market based on phase, study design, indication, sponsor, indication by study design, and region:

Clinical Trials Phase Outlook (Revenue, USD Billion, 2018 - 2030)

Phase I

Phase II

Phase III

Phase IV

Clinical Trials Study Design Outlook (Revenue, USD Billion, 2018 - 2030)

Interventional

Observational

Expanded Access

Clinical Trials Indication by Study Design Outlook (Revenue, USD Billion, 2018 - 2030)

Autoimmune/Inflammation

Rheumatoid Arthritis

Multiple Sclerosis

Osteoarthritis

Irritable Bowel Syndrome (IBS)

Others

Pain Management

Chronic Pain

Acute Pain

Oncology

Blood Cancer

Solid Tumors

Other

CNS Condition

Epilepsy

Parkinson's Disease (PD)

Huntington's Disease

Stroke

Traumatic Brain Injury (TBI)

Amyotrophic Lateral Sclerosis (ALS)

Muscle Regeneration

Others

Diabetes

Obesity

Cardiovascular

Others

Clinical Trials Indication Outlook (Revenue, USD Billion, 2018 - 2030)

Autoimmune/Inflammation

Interventional

Observational

Expanded Access

Pain Management

Interventional

Observational

Expanded Access

Oncology

Interventional

Observational

Expanded Access

CNS Condition

Interventional

Observational

Expanded Access

Diabetes

Interventional

Observational

Expanded Access

Obesity

Interventional

Observational

Expanded Access

Cardiovascular

Interventional

Observational

Expanded Access

Others

Interventional

Observational

Expanded Access

Clinical Trials Sponsor Outlook (Revenue, USD Billion, 2018 - 2030)

Pharmaceutical & Biopharmaceutical Companies

Medical Device Companies

Others

Clinical Trials Service Type Outlook (Revenue, USD Billion, 2018 - 2030)

Protocol Designing

Site Identification

Patient Recruitment

Laboratory Services

Bioanalytical Testing Services

Clinical Trial Data Management Services

Others

Clinical Trials Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

Canada

Europe

Germany

France

Spain

Italy

Asia Pacific

India

Japan

China

Australia

South Korea

Latin America

Brazil

Mexico

Argentina

Colombia

Middle East & Africa

South Africa

Saudi Arabia

UAE

Key Companies profiled:

IQVIA

PAREXEL International Corporation

Pharmaceutical Product Development, LLC

Charles River Laboratory

ICON Plc

PRA Health Sciences

Syneos Health

Eli Lilly and Company

Novo Nordisk A/S

Pfizer

Clinipace

Recent Developments

In August 2023, Parexel & Partex entered a strategic partnership aimed at utilizing Artificial Intelligence (AI)-driven solutions to expedite the process of drug discovery and development for biopharmaceutical clients globally. The collaboration aimed to reduce risks associated with the assets in their respective portfolios.

In August 2023, Novo Nordisk announced to acquire Inversago Pharma. This acquisition was part of Novo Nordisk's strategic efforts to develop new therapies targeting individuals with obesity, diabetes, and other significant metabolic diseases

In April 2022, Charles River Laboratories International, Inc. disclosed its acquisition of Explora BioLabs Holdings, Inc., a leading provider of contract vivarium research services.

Order a free sample PDF of the Clinical Trials Market Intelligence Study, published by Grand View Research.

#Clinical Trials Market

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industrynewsupdates · 3 days ago

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Understanding Artificial Intelligence Market: Trends and Growth Drivers

The global artificial intelligence market size is expected to reach USD 1,811.75 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 36.6% from 2024 to 2030. Artificial Intelligence (AI) denotes the concept and development of computing systems capable of performing tasks customarily requiring human assistance, such as decision-making, speech recognition, visual perception, and language translation. AI uses algorithms to understand human speech, visually recognize objects, and process information. These algorithms are used for data processing, calculation, and automated reasoning. Artificial intelligence researchers continuously improve algorithms for various aspects, as conventional algorithms have drawbacks regarding accuracy and efficiency.

These advancements have led manufacturers and technology developers to focus on developing standard algorithms. Recently, several developments have been carried out for enhancing artificial intelligence algorithms. For instance, in May 2020, International Business Machines Corporation announced a wide range of new AI-powered services and capabilities, namely IBM Watson AIOps, for enterprise automation. These services are designed to help automate the IT infrastructures and make them more resilient and cost reduction.

Gather more insights about the market drivers, restrains and growth of the Artificial Intelligence Market

Artificial Intelligence Market Report Highlights

• The advent of big data is expected to be the cause of the growth of the AI market as a large volume of data is needed to be captured, stored, and analyzed.

• The increasing demand for image processing and identification is expected to drive industry growth.

• AI can analyze vast amounts of data to identify patterns and anomalies that might indicate a cyberattack. This allows for faster and more precise threat detection subsequently fostering adoption of AI in cybersecurity applications.

• By using AI for predictive maintenance, process automation, and supply chain optimization, businesses can streamline workflows, reduce costs, and ensure smooth delivery of their offerings.

• North America dominated the market and accounted for a share of over 36.8% of global revenue in 2022.

• One of the significant concerns restraining industry growth is the need for a large amount of data to train AI systems for character and image recognition.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global cloud logistics market size was estimated at USD 21.55 billion in 2024 and is projected to grow at a CAGR of 13.9% from 2025 to 2030.

• The global AI in education market size was estimated at USD 5.88 billion in 2024 and is projected to grow at a CAGR of 31.2% from 2025 to 2030.

Artificial Intelligence Market Segmentation

Grand View Research has segmented the global artificial intelligence market based on solution, technology, function, end-use, and region:

Artificial Intelligence Solution Outlook (Revenue, USD Billion, 2017 - 2030)

• Hardware

o Accelerators

o Processors

o Memory

o Network

• Software

• Services

o Professional

o Managed

Artificial Intelligence Technology Outlook (Revenue, USD Billion, 2017 - 2030)

• Deep Learning

• Machine Learning

• Natural Language Processing (NLP)

• Machine Vision

• Generative AI

Artificial Intelligence Function Outlook (Revenue, USD Billion, 2017 - 2030)

• Cybersecurity

• Finance and Accounting

• Human Resource Management

• Legal and Compliance

• Operations

• Sales and Marketing

• Supply Chain Management

Artificial Intelligence End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• Healthcare

o Robot Assisted Surgery

o Virtual Nursing Assistants

o Hospital Workflow Management

o Dosage Error Reduction

o Clinical Trial Participant Identifier

o Preliminary Diagnosis

o Automated Image Diagnosis

• BFSI

o Risk Assessment

o Financial Analysis/Research

o Investment/Portfolio Management

o Others

• Law

• Retail

• Advertising & Media

• Automotive & Transportation

• Agriculture

• Manufacturing

• Others

Artificial Intelligence Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

• Latin America

o Brazil

o Mexico

• Middle East and Africa (MEA)

o KSA

o UAE

o South Africa

Order a free sample PDF of the Artificial Intelligence Market Intelligence Study, published by Grand View Research.

#Artificial Intelligence Market #Artificial Intelligence Market Analysis #Artificial Intelligence Market Size #Artificial Intelligence Market Share

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ankitblogs0709 · 1 month ago

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Pediatric Clinical Trials Market Trends and Opportunities: Global Outlook (2023-2032)

The global demand for pediatric clinical trials was valued at USD 14845.5 Million in 2022 and is expected to reach USD 22783.2 Million in 2030, expanding at a CAGR of 5.5% between 2023 and 2030.

Pediatric clinical trials are essential for understanding how medical treatments, therapies, and vaccines affect children, who often respond differently to medications than adults. These trials are specifically designed to evaluate the safety, dosage, and efficacy of interventions in infants, children, and adolescents, ensuring that treatments are safe and effective for young patients. Given the ethical and regulatory complexities, pediatric trials require careful oversight, with special protocols to protect the young participants' rights, safety, and well-being. Conducting pediatric clinical trials involves challenges like limited patient populations, ethical considerations around informed consent, and the need for age-appropriate formulations and delivery methods. Despite these challenges, pediatric trials are critical to advancing child-specific medical care, helping to fill knowledge gaps and ensuring that children receive therapies that are scientifically validated for their age group. Recent innovations, such as adaptive trial designs and the use of biomarkers, have improved the efficiency and accuracy of pediatric trials, supporting more personalized and effective treatments for children.

The pediatric clinical trials market is influenced by several key trending factors, including:

Rising Prevalence of Pediatric Diseases: Increased rates of chronic conditions in children, such as asthma, diabetes, and neurological disorders, drive demand for pediatric-specific therapies and clinical trials.

Focus on Personalized Medicine: The growing trend towards personalized medicine creates demand for trials that focus on tailoring treatments based on a child's unique genetic and biological profile, improving outcomes and minimizing side effects.

Government and Regulatory Support: Regulatory agencies like the FDA and EMA are incentivizing pediatric trials through initiatives and funding, as well as offering pediatric exclusivity extensions, which encourage pharmaceutical companies to invest in trials for children.

Advances in Genomic and Biomarker Research: Improvements in genomics and biomarker identification are enabling trials to identify specific patient subgroups and track treatment responses more accurately, leading to better-targeted pediatric therapies.

Innovative Trial Designs: Adaptive trial designs, virtual trials, and decentralized models are emerging to address recruitment and retention challenges in pediatric populations, improving accessibility and efficiency.

Increased Awareness and Advocacy: Patient advocacy groups and public awareness campaigns are emphasizing the importance of pediatric research, which boosts trial participation rates and fosters collaboration between research institutions and families.

Expansion of Rare Disease Research: With a growing focus on rare diseases, more pediatric trials are targeting rare genetic and congenital conditions, creating new opportunities for innovation and targeted treatments in the pediatric population.

Ethical Advances and Patient-Centric Approaches: The trend toward patient-centered trials, with age-appropriate consent processes and child-friendly trial environments, is improving recruitment and retention in pediatric studies.

Technological Innovations: The use of mobile devices, wearables, and remote monitoring tools allows researchers to gather real-time health data from children in a less invasive manner, improving trial compliance and data accuracy.

Collaborative Efforts Among Stakeholders: Partnerships between academic institutions, pharmaceutical companies, government agencies, and nonprofit organizations are increasing, fostering resource-sharing and accelerating advancements in pediatric drug development.

Access Complete Report - https://www.credenceresearch.com/report/pediatric-clinical-trials-market

Key Players

Synteract

ICON Plc

Syneos Health

Medpace Inc

PPD Inc

Premier Research

LabCorp Drug Development

QPS Holdings

Pfizer Inc

The Emmes Company LLC

IQVIA Inc

Others

Growth opportunities in the pediatric clinical trials market are being shaped by various factors that address the unique needs of young patients and the evolving landscape of pediatric healthcare. Key opportunities include:

Expansion of Precision Medicine: As precision medicine advances, there is a growing need for pediatric trials that tailor treatments to children’s genetic, biological, and environmental factors, paving the way for more personalized and effective therapies.

Increased Focus on Rare Pediatric Diseases: The prevalence of rare and genetic conditions in children creates a significant demand for specialized clinical trials, as pharmaceutical companies and researchers work to develop targeted therapies for underserved patient populations.

Growth in Pediatric Oncology Trials: Pediatric cancer treatments remain a high-priority area, with opportunities for clinical trials to develop therapies that improve outcomes and reduce side effects specific to childhood cancers.

Development of Age-Appropriate Formulations: There is an opportunity for pharmaceutical companies to innovate in developing child-friendly formulations, such as liquids or chewables, which improve adherence and accessibility for pediatric patients.

Use of Digital Health Technologies: Integrating wearables, mobile apps, and remote monitoring technologies into trials offers opportunities for collecting real-time data, enhancing patient engagement, and allowing participation from home, which is particularly valuable in pediatric studies.

Rise of Decentralized and Hybrid Trial Models: Decentralized trials and hybrid models improve trial access for children and families by minimizing travel requirements, thereby increasing enrollment and diversity while reducing patient burden.

Global Expansion and Emerging Markets: There are untapped markets for pediatric clinical trials in regions with emerging healthcare systems, where unmet medical needs in pediatric care provide opportunities for trials to reach a broader patient base.

Collaboration with Patient Advocacy Groups: Partnering with advocacy organizations focused on children’s health can boost trial awareness, foster recruitment, and facilitate trial design that aligns with the needs and expectations of pediatric patients and their families.

Government Incentives and Regulatory Support: Increasing government incentives and regulatory support for pediatric drug development, such as priority review vouchers and pediatric exclusivity extensions, encourage more pharmaceutical companies to invest in pediatric trials.

Artificial Intelligence and Data Analytics: The use of AI and advanced data analytics in pediatric clinical trials presents an opportunity to streamline patient identification, predict trial outcomes, optimize trial designs, and enhance data interpretation for more accurate results.

Segmentation

By Disease or Condition

Oncology Trials

Pediatric Infectious Disease Trials

Neurological Disorders Trials

Pediatric Respiratory Trials

By Age Groups

Infants (0-2 years)

Children (2-11 years)

Adolescents (12-17 years)

By Therapeutic Approach

Pharmacological Trials

Device Trials

Behavioral Intervention Trials

By Trial Design

Randomized Controlled Trials (RCTs)

Non-Randomized Trials

Adaptive Trials

By End-User

Pharmaceutical and Biotechnology Companies

Academic and Research Institutes

Pediatric Hospitals

By Regulatory Considerations

Regulatory Services

Compliance Consulting

By Technology Adoption

Pediatric Biomarker Studies

Pediatric Pharmacogenomics Trials

Browse the full report – https://www.credenceresearch.com/report/pediatric-clinical-trials-market

Phone: +91 6232 49 3207

Email: [email protected]

Website: https://www.credenceresearch.com

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researchreportinsight · 1 month ago

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Clinical Trials Market Growth Drivers With Outlook And Opportunity Forecast To 2030

The global clinical trials market reached a valuation of USD 80.7 billion in 2023, with an expected compound annual growth rate (CAGR) of 6.49% from 2024 to 2030. A significant increase in market growth was observed in 2020 due to the COVID-19 pandemic, impacting both virtual and traditional clinical trials. Many pharmaceutical and biotech companies prioritized novel drug development in response to the pandemic, seeking to reduce the impact of COVID-19 on patient health. An example of such efforts was in 2020, when Synairgen plc partnered with Parexel for a Phase III trial evaluating Interferon-beta (IFN-beta) as a treatment for COVID-19. The market's positive growth is also influenced by rapid advancements in technology, the rising prevalence of chronic diseases, globalization in clinical trials, a push for personalized medicine, and increased demand for contract research organizations (CROs) to support research activities.

The pandemic also changed how clinical trials were conducted. Regulatory agencies like the U.S. FDA, European Medicines Agency (EMA), National Institutes of Health (NIH), and China’s National Medical Products Administration issued guidelines during COVID-19 to facilitate decentralized and virtual trials. These adaptations helped support remote methods, like telehealth and home-based patient monitoring, to continue trials despite social distancing measures. This evolving approach to research and development, driven by the urgency of finding new treatment options, led to the adoption of fast-track clinical trials. As a result, the clinical trials market is expected to continue expanding as new opportunities emerge for faster, more flexible trial designs.

Gather more insights about the market drivers, restrains and growth of the Clinical Trials Market

Government support and initiatives are also playing a crucial role in enhancing market growth potential. For instance, the World Health Organization (WHO) launched the Solidarity trial, a large-scale international clinical trial aiming to identify effective COVID-19 treatments. This trial tested multiple treatments against a standard care approach to evaluate their efficacy in combatting COVID-19. In May 2020, the WHO also initiated an international collaboration for the rapid development of multiple vaccine candidates, known as the Solidarity Vaccine Trials, to accelerate COVID-19 vaccine development.

Phase Segmentation Insights:

The Phase III segment dominated the market, capturing 53.3% of the total revenue share in 2023. Phase III trials are a significant contributor to market growth due to the high volume of participants involved. The median cost for a single Phase III trial exceeds USD 19.0 million. Phase III trials are essential for assessing drug efficacy and safety on a larger scale, requiring a substantial number of participants and often a more extended treatment duration than previous phases. According to a clinical trial logistics survey conducted by Nice Insights, 35% of Phase III trials are outsourced to CROs, a figure expected to grow as more investigational drugs progress to Phase III.

The Phase II segment is also projected to grow considerably throughout the forecast period. Phase II trials are the second most expensive stage after Phase III and typically involve two parts. The first part focuses on exploring a range of doses along with initial efficacy studies, while the second part aims to determine the optimal dose. Phase II trials are critical in oncology research, where effective dosing is paramount. According to FDA estimates, approximately 33% of investigational drugs are in Phase II trials. A significant number of oncology-related therapies and vaccines are currently in Phase II, which is helping drive the growth of this segment. The rising number of both industry-sponsored and independent clinical trials in Phase II, as well as the complex nature of these trials and the international expansion of clinical research, are factors contributing to the growth of the clinical trials market.

Overall, the clinical trials market is experiencing strong momentum driven by increasing demands for innovative medical treatments, regulatory adjustments for flexible trial processes, and significant financial investments. As the need for more efficient and effective clinical research rises, particularly in areas like oncology and infectious diseases, the market is well-positioned to see sustained growth over the coming years.

Order a free sample PDF of the Clinical Trials Market Intelligence Study, published by Grand View Research.

#Clinical Trials Market Research #Clinical Trials Market Overview #Clinical Trials Market Size #Clinical Trials Industry

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tamanna31 · 2 months ago

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Clinical Trials 2024 Industry Size, Demands, Growth and Top Key Players Analysis Report

Clinical Trials Industry Overview

The global clinical trials market size was valued at USD 80.7 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.49% from 2024 to 2030.

The market growth spiked in 2020 owing to the COVID-19 pandemic. This growth pattern was witnessed by both virtual clinical trials and traditional ones. Several companies invested heavily in novel drug development to minimize COVID-19 patient burden. One such example being, in 2020, Synairgen plc and Parexel collaborated on a Phase III study of Interferon-beta (IFN-beta) treatment for COVID-19. Furthermore, rapid technological evolution, rising prevalence of chronic diseases, globalization of clinical trials, penetration of personalized medicine and a rise in demand for CROs for conducting research activities is expected to positively impact the market growth.

Gather more insights about the market drivers, restrains and growth of theClinical Trials Market

In addition, the COVID-19 pandemic led to changing the ways of conducting upcoming or ongoing clinical trials. Regulatory agencies including the U.S. FDA, the European Medicines Agency (EMA), the National Institutes of Health (NIH), and China’s National Medical Products Administration among several others issued various guidelines for conducting trials during the pandemic to support the implementation of decentralized clinical trials and virtual services. The current scenario for research and development activities across the globe and the need for several new treatment options have also led to the adoption of fast-track clinical trials. Thus, aforementioned factors are estimated to offer new avenues to the clinical trials market growth.

Favorable government support and initiatives is another aspect boosting the market growth potential. For instance, the WHO launched Solidarity, an international clinical trial to determine effective treatment against COVID-19. [PS2] It includes comparing four treatment options against the standard of care to evaluate their effectiveness against the coronavirus. In May 2020, the WHO also announced an international alliance for simultaneously developing multiple candidate vaccines to prevent the spread of the coronavirus disease, calling this effort the Solidarity trial for vaccines.

Furthermore, the use of CRO services helps manufacturers/sponsors pay complete attention to the production capacity and enhance their in-house processes. The availability of the vast array of services from drug discovery to post marketing surveillance has further simplified processes for mid-size & small-scale pharmaceutical and biotechnological organizations by providing them the option to outsource research and development activities to reduce infrastructure investment. For instance, in November 2023, Syneos Health signed an agreement with GoBroad Healthcare Group. This collaborative initiative extended the company’s clinical trial capabilities into a more extensive array of therapeutic areas in China.

Browse through Grand View Research's Healthcare IT Industry Research Reports.

The global digital neuro biomarkers market size was estimated at USD 593.1 million in 2023 and is projected to grow at a CAGR of 25.3% from 2024 to 2030.

The global healthcare digital experience platform market size was valued at USD 1.26 billion in 2023 and is forecasted to grow at a CAGR of 12.5% from 2024 to 2030.

Clinical Trials Market Segmentation

Grand View Research has segmented the global clinical trials market based on phase, study design, indication, sponsor, indication by study design, and region:

Clinical Trials Phase Outlook (Revenue, USD Billion, 2018 - 2030)

Phase I

Phase II

Phase III

Phase IV

Clinical Trials Study Design Outlook (Revenue, USD Billion, 2018 - 2030)

Interventional

Observational

Expanded Access

Clinical Trials Indication by Study Design Outlook (Revenue, USD Billion, 2018 - 2030)

Autoimmune/Inflammation

Rheumatoid Arthritis

Multiple Sclerosis

Osteoarthritis

Irritable Bowel Syndrome (IBS)

Others

Pain Management

Chronic Pain

Acute Pain

Oncology

Blood Cancer

Solid Tumors

Other

CNS Condition

Epilepsy

Parkinson's Disease (PD)

Huntington's Disease

Stroke

Traumatic Brain Injury (TBI)

Amyotrophic Lateral Sclerosis (ALS)

Muscle Regeneration

Others

Diabetes

Obesity

Cardiovascular

Others

Clinical Trials Indication Outlook (Revenue, USD Billion, 2018 - 2030)

Autoimmune/Inflammation

Interventional

Observational

Expanded Access

Pain Management

Interventional

Observational

Expanded Access

Oncology

Interventional

Observational

Expanded Access

CNS Condition

Interventional

Observational

Expanded Access

Diabetes

Interventional

Observational

Expanded Access

Obesity

Interventional

Observational

Expanded Access

Cardiovascular

Interventional

Observational

Expanded Access

Others

Interventional

Observational

Expanded Access

Clinical Trials Sponsor Outlook (Revenue, USD Billion, 2018 - 2030)

Pharmaceutical & Biopharmaceutical Companies

Medical Device Companies

Others

Clinical Trials Service Type Outlook (Revenue, USD Billion, 2018 - 2030)

Protocol Designing

Site Identification

Patient Recruitment

Laboratory Services

Bioanalytical Testing Services

Clinical Trial Data Management Services

Others

Clinical Trials Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

Canada

Europe

Germany

France

Spain

Italy

Asia Pacific

India

Japan

China

Australia

South Korea

Latin America

Brazil

Mexico

Argentina

Colombia

Middle East & Africa

South Africa

Saudi Arabia

UAE

Key Companies profiled:

IQVIA

PAREXEL International Corporation

Pharmaceutical Product Development, LLC

Charles River Laboratory

ICON Plc

PRA Health Sciences

Syneos Health

Eli Lilly and Company

Novo Nordisk A/S

Pfizer

Clinipace

Recent Developments

Order a free sample PDF of the Clinical Trials Market Intelligence Study, published by Grand View Research.

#Clinical Trials Market

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delveinsight12 · 4 months ago

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Hot Flashes Market expected to rise | Companies- Veru Healthcare, Fervent Pharmaceuticals, Ogeda, Bayer, Lundbeck A/S, TherapeuticsMD, MenoGeniX, Mitsubishi Tanabe Pharma, QUE Oncology, Pherin Pharmaceuticals, expected to drive market

The Hot Flashes market growth is driven by factors like increase in the prevalence of Hot Flashes, investments in research and development, entry of emerging therapies during the study period 2019-2032.

The Hot Flashes market report also offers comprehensive insights into the Hot Flashes market size, share, Hot Flashes epidemiology, emerging therapies, market drivers and barriers, ongoing clinical trials, key collaboration in the space, market uptake by key therapies and companies actively pushing Hot Flashes market size growth forward.

Some of the key highlights from the Hot Flashes Market Insights Report:

Several key pharmaceutical companies, including Veru Healthcare, Fervent Pharmaceuticals, Ogeda, Bayer, Lundbeck A/S, TherapeuticsMD, MenoGeniX, Mitsubishi Tanabe Pharma, QUE Oncology, Pherin Pharmaceuticals, and others, are developing novel products to improve the Hot Flashes treatment outlook.

The total Hot Flashes market size will include the market size of the potential upcoming therapies and current treatment regimens in the seven major markets.

As per DelveInsight analysis, the Hot Flashes market is anticipated to witness growth at a considerable CAGR

Strategise your business goals by understanding market dynamics @ Hot Flashes Market Landscape

Hot Flashes Overview

Hot flashes (HFs) are a rapid and exaggerated heat dissipation response, consisting of profuse sweating, peripheral vasodilation, and feelings of intense, internal heat. They are triggered by small elevations in core body temperature (Tc) acting within a greatly reduced thermoneutral zone, i.e., the Tc region between the upper (sweating) and lower (shivering) thresholds.

Hot flashes (HFs) are the most common symptom of the climacteric and are reported as feelings of intense warmth along with sweating, flushing, and chills. More than 80% of women experience hot flashes (HFs) during menopause. Defined by transient sensations of heat, sweating, flushing, anxiety, and chills lasting for 1–5 min, HFs can cause considerable distress especially when severe and frequent.

Among various factors reported to be associated with increase in incidence of HFs, a consistent association has been found only with obesity, African descent, lower socioeconomic status, presence of premenstrual syndrome, sedentary lifestyle, and smoking. HFs are characterized by excessive vasodilation of peripheral vasculature to lose heat in the setting of abnormal hypothalamic thermoneutral zone. While normal women initiate mechanisms of heat loss, once core body temperature increases by 0.4°C, women with HFs initiate vasodilatory response with a much smaller increase in core body temperature. It is peripheral vasodilatory response that results in profuse sweating and sensation of intense heat.

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Recent Highlights from the Hot Flashes Market Report:

In April, Fervent Pharmaceuticals has initiated a virtual at home Phase II clinical trial of its new product to treat the symptoms of moderate to severe hot flashes, night sweats and night-time awakenings due to hot flashes in women. Named M2S Hot Flash Study, the trial will analyse the peri- and post-menopausal therapy to treat hot flashes and night sweats.

In January 2020, Veru Inc, developing novel medicines for the management of prostate cancer, today announced positive top line data interim results from its Phase 2 clinical study of Zuclomiphene citrate, a nonsteroidal oral estrogen receptor agonist, for the treatment of androgen deprivation hormone therapy (ADT) induced hot flashes, also known as vasomotor symptoms, in men who have advanced prostate cancer. Zuclomiphene appears to be well tolerated as there have been no reports of drug related serious adverse events nor drug related severe adverse events and no observations of adverse events of special interest, such as breast enlargement or pain, or venothromboembolic events (blood clots in legs or lungs, or stroke) in the safety database for the Phase 2 clinical study.

Hot Flashes Epidemiology Segmentation

DelveInsight’s Hot Flashes market report is prepared on the basis of epidemiology model. It offers comprehensive insights to the Hot Flashes historical patient pools and forecasted Hot Flashes patients. The report provides in-depth data of various subtypes and for the same epidemiology is segmented further. The Hot Flashes Market report proffers epidemiological analysis for the study period 2019-32 in the 7MM segmented into:

Hot Flashes Prevalence

Age-Specific Hot Flashes Prevalence

Gender-Specific Hot Flashes Prevalence

Diagnosed and Treatable Cases of Hot Flashes

Visit for more @ Hot Flashes Epidemiological Insights

Hot Flashes Treatment Market

The Hot Flashes market outlook of the report helps to build a detailed comprehension of the historic, current, and forecasted Hot Flashes market trends by analyzing the impact of current Hot Flashes therapies on the market, unmet needs, drivers and barriers, and demand for better technology.

This segment gives a thorough detail of Hot Flashes market trend of each marketed drug and late-stage pipeline therapy by evaluating their impact based on the annual cost of therapy, inclusion and exclusion criteria, mechanism of action, compliance rate, growing need of the market, increasing patient pool, covered patient segment, expected launch year, competition with other therapies, brand value, their impact on the market and view of the key opinion leaders. The calculated Hot Flashes market data are presented with relevant tables and graphs to give a clear view of the market at first sight.

According to DelveInsight, the Hot Flashes market in 7MM is expected to witness a major change in the study period 2019-2032.

Hot Flashes Emerging Drugs

Fezolinetant: Astellas Pharma

Fezolinetant is an investigational selective neurokinin-3 (NK3) receptor antagonist. The safety and efficacy of fezolinetant are under investigation and have not been established. If approved by regulatory authorities, fezolinetant would be a first-in-class, nonhormonal treatment option to reduce the frequency and severity of VMS associated with menopause.

Elinzanetant: Bayer

Elinzanetant is a first-in-class, non-hormonal, orally administered, dual neurokinin-1,3 receptor antagonist currently in clinical development for the treatment of vasomotor symptoms during menopause. Elinzanetant addresses vasomotor symptoms by modulating a group of oestrogen sensitive neurons in the hypothalamus in the brain (the KNDy neurons), that due to the absence of oestrogen, become hyperactive in menopausal women and consequently disrupt body heat control mechanisms resulting in the debilitating vasomotor symptoms of hot flashes.

Fezolinetant: Ogeda

Fezolinetant (ESN364) is a proprietary, oral, small-molecule, discovered and developed by Ogeda for the purpose of the treatment of women’s health disorders. Fezolinetant’s mechanism of action to mimic the neuronal effects of estrogen to control body temperature supports the use of fezolinetant to directly and safely address the basis for hot flashes in menopausal women. In addition, fezolinetant addresses the cause of PCOS by selectively lowering luteinizing hormone (LH) without affecting follicle-stimulating hormone (FSH) in order to restore the correct LH-to-FSH ratio and permit the restoration of menstrual cycle regularity and fertility. Fezolinetant is also superior to the existing, marketed gonadotropin-releasing hormone (GnRH) ligands as it reduces levels of the ovarian hormones estrogen and progesterone in a non-castrating manner as required for the safe, effective treatment of uterine fibroids and endometriosis.

Zuclomiphene citrate: Veru Inc

Zuclomiphene citrate is a novel, proprietary, oral, nonsteroidal, estrogen receptor agonist. Today the Company announced that a Phase 2 clinical trial of Zuclomiphene citrate demonstrated a statistically significant reduction in the frequency of moderate to severe hot flashes in men with advanced prostate cancer on ADT therapy.

Hot Flashes Key Companies

Veru Healthcare

Fervent Pharmaceuticals

Ogeda

Bayer

Lundbeck A/S

TherapeuticsMD

MenoGeniX

Mitsubishi Tanabe Pharma

QUE Oncology

Pherin Pharmaceuticals

For more information, visit Hot Flashes Market Analysis, Patient Pool, and Emerging Therapies

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wellnessweb · 5 months ago

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Digital Health Innovations and Market Size Expansion in Clinical Trials

The Digital Clinical Trials Market was valued at USD 8.70 billion in 2023 and is expected to reach at USD 13.86 billion in 2031, and grow at a CAGR of 6 % over the forecast period of 2024-2031.The Digital Clinical Trials Market is experiencing rapid growth, driven by technological advancements and the increasing need for efficient, patient-centric research solutions. Leveraging tools such as wearable devices, mobile health apps, and telemedicine, digital clinical trials streamline data collection, enhance patient engagement, and improve trial efficiency. This shift from traditional, site-based trials to decentralized models not only reduces operational costs but also expands patient accessibility and diversity, enabling more comprehensive and representative studies. As regulatory bodies continue to endorse digital methodologies and pharmaceutical companies invest in innovative platforms, the digital clinical trials market is poised to revolutionize the future of clinical research, promising faster, more reliable, and inclusive medical advancements.

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Market Scope & Overview

To support the report's estimates of the overall market position, market development possibilities, potential bottlenecks, current industry trends, and future trends, authentic statistics are used. To mention a few, the worldwide Digital Clinical Trials Market report study investigations evaluate a variety of critical aspects such as market expansion, product success, and investment in a developing market. Market research reveals current and future market trends. The competition study takes into account all new product releases, product extensions, agreements, joint ventures, collaborations, and acquisitions.

The report also includes a complete geographical analysis, which gives readers a comprehensive picture of the market's regional evolution. This analysis could help market participants outperform their competitors. The Digital Clinical Trials Market study also includes a competitor list and analysis, as well as a strategic industry analysis of the key market dynamics.

Market Segmentation Analysis

By Product type

Digital Wearable Devices

AI-Enabled Devices

Health Apps

By Type

Decentralized/Virtual Clinical Trials

Hybrid Clinical Trials

By Phase

Phase I

Phase II

Phase III

Phase IV

By End User

Pharmaceutical companies

Biotechnology companies

Contract Research Organizations (CRO)

Others

COVID-19 Impact Analysis

According to the Digital Clinical Trials Market research report, the COVID-19 pandemic has created a number of market hurdles, opportunities, and factors that are expected to have an impact on future business success.

Regional Outlook

All of the world's major regional markets are included in the Digital Clinical Trials Market study analysis. The study delves deeply into the Middle East and Africa, Asia Pacific, North America, Latin America, and Europe. This research digs into regional analysis in light of the current situation of the market, current trends, and recent achievements.

Competitive Analysis

The research report contains great data, projections for the future, and in-depth market assessments on a national and global basis. The market study includes a list of important competitors, tactical recommendations, and an analysis of the major industry determinants. The Digital Clinical Trials Market research report examines new revenue pockets, legislative changes, market growth in specific categories, and dominance in specific application niches, as well as product approvals, product launches, geographic expansions, and technical advancements.

Key Reasons to Purchase Digital Clinical Trials Market Report

The report includes definitions, categories, and applications of the market, as well as a SWOT analysis of the industry's drivers and restraints.

The report examines current trends, import-export analysis, production analysis, value chain optimization, market share, and the impact of domestic and foreign market rivals.

Report Conclusion

You can utilize the authentic data in the research report to make informed business decisions that benefit the market.

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SNS Insider is a market research and insights firm that has won several awards and earned a solid reputation for service and strategy. We are a strategic partner who can assist you in reframing issues and generating answers to the trickiest business difficulties. For greater consumer insight and client experiences, we leverage the power of experience and people.

When you employ our services, you will collaborate with qualified and experienced staff. We believe it is crucial to collaborate with our clients to ensure that each project is customized to meet their demands. Nobody knows your customers or community better than you do. Therefore, our team needs to ask the correct questions that appeal to your audience in order to collect the best information.

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deshpandeisha · 6 months ago

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Exploring New Horizons: Clinical Trial Software

Clinical trial software refers to specialized computer programs and digital platforms designed to facilitate and optimize various aspects of the clinical trial process. These software solutions are tailored to the unique needs of researchers, clinicians, pharmaceutical companies, and other stakeholders involved in conducting clinical trials.

Clinical trial software Market Size – USD 900.3 Million in 2020, Market Growth – at a CAGR of 15.6%, Market Trends –Increasing focus on decentralized or virtual clinical trials

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Clinical Trial Software market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

Medidata Solutions Inc., International Machine Business Corporation (IBM), Oracle Corporation, Parexel International Corp., RealTime Software Solutions LLC, BioClinica Inc., MasterControl Inc., MedNet Solutions Inc., Veeva Systems Inc., and ArisGlobal LLC

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Emergen Research has segmented the global Clinical Trial Software market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

Deployment Outlook (Revenue, USD Million; 2018–2028)

On-Cloud

On-Premises

Delivery Outlook (Revenue, USD Million; 2018–2028)

Web-Based

Licensed Enterprise (On-Premise)

Software as a Service (SAAS)

End-use Outlook (Revenue, USD Million; 2018–2028)

Pharmaceutical & Biotechnology Companies

Contract Research Organizations (CROs)

Medical Device Manufacturers

Others

The various regions analyzed in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

Analysis and estimation of the Clinical Trial Software Market size and share for the projected period of 2022-2028

Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape

Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Clinical Trial Software Market

Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments

Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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tritonmarketresearchamey · 7 months ago

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Artificial Intelligence (AI) in Healthcare Market: Analysis 2024-2032

As per Triton Market Research, the Global Artificial Intelligence (AI) in Healthcare Market report is segmented by Solution (Services, Hardware, Software), Technology (Context Aware Processing, Natural Language Processing, Deep Learning, Querying Method), Industry Vertical (Pharmaceutical and Biotechnology Companies, ACOS and MCOS, Healthcare Providers, Patients, Payers), Type (Administrative Workflow Assistance, Robot-assisted Surgery, Fraud Detection, Clinical Trial Participant Identifier, Virtual Nursing Assistant, Preliminary Diagnosis, Dosage Error Reduction, Other Types), and Regional Outlook (North America, Europe, Middle East and Africa, Asia-Pacific, Latin America).

The report highlights the Market Summary, Industry Outlook, Porter’s Five Forces Analysis, Market Maturity Analysis, Value Chain Analysis, Key Buying Criteria, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Analyst Perspective, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).

Based on Triton’s research report analysis, the global artificial intelligence (AI) in healthcare market is set to progress at a CAGR of 37.14% during the forecast period 2024-2032.

AI in healthcare employs software and algorithms to mimic human perception, analyzing intricate medical data and the correlation between treatment/prevention methods and patient outcomes.

Factors such as the adoption of AI being supported by large volumes of data, increasing start-ups in AI, and government support fuel the expansion of AI in healthcare market. Biomedical and healthcare information extensively utilizes big data technologies, given the immense volume of biological and clinical data sourced from laboratories and medical research centers. This patient data requires AI-driven analysis to unveil innovative approaches for enhancing healthcare standards. Examples include advanced sequencing machines, novel software and hardware for parallel computing, and the integration of electronic health records (EHR) for comprehensive documentation of patient data.

However, cost constraints and low ROI, challenges in sustaining data security, and slow adoption of AI-based technologies restrict the overall development of the studied market.

Globally, Asia-Pacific is estimated to emerge as the fastest-growing region during the forecast market. Investments from governments, private organizations, and startups are driving growth in the region’s market. In the region, AI is primarily utilized in areas such as precision medicine and genome testing within the healthcare industry. Hence, advancements in artificial intelligence technology are accelerating the market’s growth across the region.

The notable companies in the AI in healthcare market are Siemens Healthineers AG, General Vision Inc, IBM Corporation, Koninklijke Philips NV, GE Healthcare, Microsoft Corporation, Google LLC, Intel Corporation, Medtronic Plc, NVIDIA Corporation, Oncora Medical, Recursion Pharmaceuticals Inc, and Stryker Corporation.

During the forecast period, buyers are expected to wield considerable bargaining power in the market. Google, Microsoft, GE Healthcare, IBM, and Intel are the leading revenue generators in this domain, indicating their dominance. Despite this, the market is diverse, comprising various players from regional to international levels. Currently, buyers exhibit moderate bargaining power due to factors such as high switching costs and brand loyalty.

#ARTIFICIAL INTELLIGENCE #Lifesciences #Healthcare IT #triton market research #market research reports

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globalinsightsservices · 8 months ago

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Artificial Intelligence in Healthcare Market to Witness an Outstanding Growth by 2033

Market Definition

Artificial intelligence (AI) in healthcare is a broad term that covers a wide range of applications and technologies. AI technologies can be used to help doctors and other healthcare professionals diagnose and treat diseases, make predictions about patient health, and improve the efficiency of care delivery. AI is also being used to develop new drugs and personalized treatments, and to create digital assistants that can help patients manage their health.

Market Outlook

The global Artificial Intelligence in Healthcare market was valued at USD 12.4 Billion in 2022 and it is anticipated to grow up to USD 45.6 Billion by 2032, at a CAGR of 13.9% during the forecast period.

The market is driven by several factors, including the need to manage data more effectively and optimize healthcare costs, the growth of public-private partnerships, and the increased regional spending on healthcare. Additionally, the market is anticipated to grow as opportunities in geriatric population care with AI technology, imaging, and diagnostics to generate data for research development arise. Moreover, the growing shortage of healthcare workforce drove the adoption of AI/ML technologies. Therefore, AI algorithms can be trained to analyze patient health information which further supports care providers in quickly diagnosing the condition and devising an accurate treatment regime.

Small-molecule drug discovery benefits from AI in four ways; access to new biology, improved or unique chemistry, higher success rates, and speedier and less expensive discovery procedures. For instance, FDA’s Center for Drug Evaluation and Research (CDER) approved 50 brand-new pharmaceutical and biological products in 2021. About 33 of the 50 novel medications and biological products approved for use had tiny molecules, while 17 were monoclonal antibodies and other large molecules. Such aforementioned factors boosting the growth of the market and accelerating the adoption rate of AI in healthcare.

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Research Objectives

Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

Identify factors influencing market growth and challenges, opportunities, drivers and restraints

Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Global Artificial Intelligence in Healthcare Market Segmentation

By Component

Software Solutions

Hardware

Services

By Application

Robot-Assisted Surgery

Clinical Trials

Hospital Workflow

Therapy Planning

Wearables

Virtual Assistants

Medical Imaging & Diagnosis

Others

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Major Players in the Global Artificial Intelligence in Healthcare Market

The overall competitive rivalry remains moderately high in the market studied. The growing presence of big players in the industry is expected to intensify competitive rivalry during the forecast period. The global Bioactive Ingredients Market report includes players such as AiCure, APIXIO, Inc., Atomwise, Inc, Butterfly Network, Inc., Cyrcadia Health Inc, Enlitic, Inc, IBM Corporation, iCarbonX, Insilico Medicine Inc, NVIDIA Corporation, others.

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Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

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10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

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health-views-updates · 9 days ago

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Virtual Clinical Trials Market Size, Share & Revenue Projections to 2032

The global Virtual Clinical Trials Market Revenue is poised for significant growth from 2024 to 2032, according to SNS Insider. This surge is driven by increasing adoption of digital healthcare technologies, rising focus on patient-centric approaches, and a growing need to optimize clinical trial operations.

Virtual clinical trials, also known as decentralized clinical trials, leverage telemedicine, digital monitoring tools, and data analytics to streamline the traditional clinical trial process. By removing geographic barriers and reducing patient burden, these trials offer faster recruitment, enhanced data collection, and cost efficiencies. These advantages have led to widespread adoption by pharmaceutical companies, contract research organizations, and regulatory bodies.

Moreover, governments and private stakeholders are increasingly investing in virtual clinical trial platforms to support advancements in personalized medicine and innovative drug development. Key players are focusing on strategic collaborations, technological innovations, and process improvements to cater to evolving industry demands.

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Key Market Drivers and Opportunities

The virtual clinical trials market is underpinned by several transformative trends:

Advancements in Digital Health Tools: Wearable devices, mobile applications, and telehealth platforms are playing a pivotal role in enhancing patient monitoring and engagement.

Patient-Centric Approaches: Virtual trials prioritize patient convenience by enabling remote participation, fostering higher retention and compliance rates.

Regulatory Flexibility: Regulatory authorities worldwide are recognizing the benefits of virtual trials, leading to favorable frameworks and guidelines that encourage adoption.

Challenges and Future Outlook

Despite its potential, the virtual clinical trials market faces challenges such as data security concerns, integration issues, and the digital divide in low-resource settings. However, with ongoing technological advancements and increased emphasis on inclusive trial designs, the industry is set to overcome these barriers.

The report by SNS Insider highlights that stakeholders must prioritize innovation, compliance, and scalability to capitalize on the immense opportunities this market offers in the forecast period.

About Us

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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#Virtual Clinical Trials Market #Virtual Clinical Trials Market Size #Virtual Clinical Trials Market Share #Virtual Clinical Trials Market Growth #Market Research

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rohitpalan · 9 months ago

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Cognitive Assessment and Training Market Projected to Grow Exponentially by 2028

The Cognitive Assessment and Training Market is estimated at US$ 1.4 Billion in 2022 and is projected to rise significantly at a CAGR of 17.4% to reach US$ 3.7 Billion by 2028.

Future Market Insights (FMI) has recently published a report titled “Cognitive Assessment and Training Market – Global Industry Analysis 2013-2021 and Opportunity Assessment 2022-2028.” Cognitive assessment and training is the mental process of acquiring knowledge and understanding through experience and sense.

Furthermore, these cognitive assessment tools are used to identify individuals who are likely to need additional evaluation. At present, these tests are widely used by organisations as a part of the recruitment process to assess a candidate’s competence & suitability for the role, as well as to predict his/her future performance.

Get a Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-3251

Drivers and Opportunities:

The market’s robust growth is fueled by several key drivers. As the aging population continues to grow, the demand for cognitive assessment tools to detect and manage cognitive disorders such as Alzheimer’s and dementia is on the rise. Additionally, the COVID-19 pandemic has underscored the significance of remote and virtual cognitive training solutions, opening up new avenues for market players.

Moreover, businesses are increasingly embracing cognitive training programs to enhance employee productivity and decision-making skills. These factors, combined with the surge in digitalization, particularly in healthcare and education sectors, are creating lucrative opportunities for market expansion.

Competitive Landscape – Regional Trends:

The Cognitive Assessment and Training Market is characterized by intense competition among both established players and emerging entrants. North America holds a substantial share, driven by advanced healthcare infrastructure and increasing investments in cognitive healthcare. Europe is witnessing rapid growth, thanks to government initiatives promoting cognitive health awareness.

Asia-Pacific is emerging as a promising market, with a growing aging population and rising healthcare expenditure. In contrast, Latin America and the Middle East and Africa are expected to experience gradual but steady market growth.

Restraints:

Despite the promising outlook, the market faces certain limitations. High initial costs associated with cognitive assessment and training solutions may deter adoption, especially in resource-constrained regions. Data privacy concerns are another challenge, as the collection and storage of sensitive cognitive data require stringent security measures.

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According to FMI analysis, long-term contracts with business partners help to increase revenue and new innovation strategies will enable cognitive assessment and training vendors to reach new growth markets. Some of the market participants featured in the global cognitive assessment and training market are IBM Corporation, Cambridge Cognition Limited, NeuroCog Trials, ERT Clinical, Brain Resource Company, WIRB-Copernicus Group, CogniFit, CRF Health, Cogstate Limited and Pearson Education.

Key Segments of Cognitive Assessment and Training Industry Research

Cognitive Assessment and Training Market by Component:

Cognitive Assessment and Training Software

Cognitive Assessment and Training Services

Cognitive Assessment and Training

Cognitive Assessment and Consulting

Cognitive Assessment and Training Support & Maintenance

Cognitive Assessment and Training Market by Type:

Personal Computers (PCs)

Mobiles & Tablets

Cognitive Assessment and Training Market by End User:

Cognitive Assessment and Training for Healthcare

Cognitive Assessment and Training for Research Organizations

Cognitive Assessment and Training for Education

Others

Cognitive Assessment and Training Market by Region:

North America Cognitive Assessment and Training Market

Latin America Cognitive Assessment and Training Market

Europe Cognitive Assessment and Training Market

East Asia Cognitive Assessment and Training Market

#Cognitive Assessment and Training Market

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industrynewsupdates · 2 months ago

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Clinical Trials Market Size, Share, Growth and Industry Trends 2024 - 2030

The global clinical trials market size was valued at USD 80.7 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.49% from 2024 to 2030.

Gather more insights about the market drivers, restrains and growth of the Clinical Trials Market

Clinical Trials Market Report Highlights

• The phase III clinical trials segment dominated the market with a 53.3% share in 2023. This can be attributed to the complexity of this phase

• The interventional studies segment dominated the market in 2023. It is one of the most prominent methods used in clinical trials in the study design segment owing to the increasing demand for the intervention for clinical trials by researchers

• North America held 50.3% of the market share in 2023. Favorable government initiatives and the presence of a large number of players in the U.S. that offer advanced services are responsible for market growth

• Asia Pacific region is anticipated to grow at the fastest CAGR over the forecast period owing to the increasing patient pool and cost-efficient services.

Browse through Grand View Research's Healthcare IT Industry Research Reports.

• The global healthcare predictive analytics market size was estimated at USD 14.58 billion in 2023 and is projected to grow at a CAGR of 24.0% from 2024 to 2030.

• The global medical animation market size was valued at USD 396.2 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 20.1% from 2024 to 2030.

Clinical Trials Market Segmentation

Grand View Research has segmented the global clinical trials market based on phase, study design, indication, sponsor, indication by study design, and region:

Clinical Trials Phase Outlook (Revenue, USD Billion, 2018 - 2030)

• Phase I

• Phase II

• Phase III

• Phase IV

Clinical Trials Study Design Outlook (Revenue, USD Billion, 2018 - 2030)

• Interventional

• Observational

• Expanded Access

Clinical Trials Indication by Study Design Outlook (Revenue, USD Billion, 2018 - 2030)

• Autoimmune/Inflammation

o Rheumatoid Arthritis

o Multiple Sclerosis

o Osteoarthritis

o Irritable Bowel Syndrome (IBS)

o Others

• Pain Management

o Chronic Pain

o Acute Pain

• Oncology

o Blood Cancer

o Solid Tumors

o Other

• CNS Condition

o Epilepsy

o Parkinson's Disease (PD)

o Huntington's Disease

o Stroke

o Traumatic Brain Injury (TBI)

o Amyotrophic Lateral Sclerosis (ALS)

o Muscle Regeneration

o Others

• Diabetes

• Obesity

• Cardiovascular

• Others

Clinical Trials Indication Outlook (Revenue, USD Billion, 2018 - 2030)

• Autoimmune/Inflammation

o Interventional

o Observational

o Expanded Access

• Pain Management

o Interventional

o Observational

o Expanded Access

• Oncology

o Interventional

o Observational

o Expanded Access

• CNS Condition

o Interventional

o Observational

o Expanded Access

• Diabetes

o Interventional

o Observational

o Expanded Access

• Obesity

o Interventional

o Observational

o Expanded Access

• Cardiovascular

o Interventional

o Observational

o Expanded Access

• Others

o Interventional

o Observational

o Expanded Access

Clinical Trials Sponsor Outlook (Revenue, USD Billion, 2018 - 2030)

• Pharmaceutical & Biopharmaceutical Companies

• Medical Device Companies

• Others

Clinical Trials Service Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Protocol Designing

• Site Identification

• Patient Recruitment

• Laboratory Services

• Bioanalytical Testing Services

• Clinical Trial Data Management Services

• Others

Clinical Trials Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Spain

o Italy

• Asia Pacific

o India

o Japan

o China

o Australia

o South Korea

• Latin America

o Brazil

o Mexico

o Argentina

o Colombia

• Middle East & Africa

o South Africa

o Saudi Arabia

o UAE

Order a free sample PDF of the Clinical Trials Market Intelligence Study, published by Grand View Research.

#Clinical Trials Market #Clinical Trials Market size #Clinical Trials Market share #Clinical Trials Market analysis #Clinical Trials Industry

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market-insider · 10 months ago

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Clinical Trials : Holistic Exploration of the Current State and Future Outlook

The global clinical trials market size is expected to reach USD 123.5 billion by 2030, expanding at a CAGR of 6.49 from 2024 to 2030, according to a new report by Grand View Research, Inc. An increase in the volume and complexity of clinical trials has been witnessed lately, which plays an important role in the R&D of new drugs and products. The market witnessed a decline of 6% in 2020 owing to the COVID-19 pandemic. However, the market is projected to recover from 2021 onwards. In addition, clinical trials have become increasingly costly, adding to the overall cost of developing a drug.

Clinical Trials Market Report Highlights

The phase III clinical trials segment dominated the market with a 53.3% share in 2023. This can be attributed to the complexity of this phase

The interventional studies segment dominated the market in 2023. It is one of the most prominent methods used in clinical trials in the study design segment owing to the increasing demand for the intervention for clinical trials by researchers

North America held 50.3% of the market share in 2023. Favorable government initiatives and the presence of a large number of players in the U.S. that offer advanced services are responsible for market growth

Asia Pacific region is anticipated to grow at the fastest CAGR over the forecast period owing to the increasing patient pool and cost-efficient services.

For More Details or Sample Copy please visit link @: Clinical Trials Market Report

ClinicalTrials #HealthcareResearch #MedicalInnovation #DrugDevelopment #PatientRecruitment #Biopharmaceuticals #ClinicalResearch #RegulatoryCompliance #DataManagement #PatientEngagement #PrecisionMedicine #TherapeuticTrials #CROs #ClinicalResearchOrganizations #GlobalHealth #ClinicalStudyDesign #PharmaceuticalIndustry #BiotechResearch #ClinicalEndpoints #HealthTechIntegration

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infinitiresearch · 1 year ago

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Contract Research Organization (CRO) Market| Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2023 – 2027

Originally published on Technavio: Contract Research Organization (CRO) Market by Application, End-user, and Geography - Forecast and Analysis 2023-2027

### **Contract Research Organization (CRO) Market Research Report**

#### **1. Executive Summary**

- Overview of the Contract Research Organization (CRO) market. - Key findings and market trends. - Market growth prospects.

#### **2. Introduction**

- Definition and significance of Contract Research Organizations. - Historical development and evolution in the pharmaceutical and biotechnology sectors.

#### **3. Market Size and Forecast**

- Historical market size and growth. - Current market size and trends. - Future projections and factors influencing growth.

#### **4. Market Dynamics**

- Drivers of market growth (increased outsourcing in drug development, cost-efficiency, demand for specialized expertise). - Challenges and obstacles (regulatory compliance, data security concerns, competition). - Opportunities for market expansion (expansion into emerging markets, technological advancements, personalized medicine trends).

#### **5. Segmentation**

- Types of CRO services (clinical trials, regulatory services, laboratory services, data management) and their market share. - Therapeutic area segmentation. - Regional segmentation and market presence.

#### **6. Competitive Landscape**

- Major CROs and their market share. - SWOT analysis of key companies. - Trends in partnerships, mergers/acquisitions, and technological innovations.

#### **7. Regulatory Environment**

- Overview of regulations affecting the CRO industry. - Compliance challenges and opportunities.

#### **8. Clinical Trial Trends**

- Trends in clinical trials outsourcing. - Impact on trial efficiency, patient recruitment, and cost-effectiveness.

#### **9. Technology Adoption in CRO**

- Trends in adopting new technologies (eClinical solutions, real-world evidence, wearables). - Impact on data quality, trial monitoring, and patient engagement.

#### **10. Personalized Medicine and Biomarker Development**

- Growth and trends in personalized medicine and biomarker development. - Impact on targeted therapies, precision medicine, and companion diagnostics.

#### **11. Data Management and Analytics**

- Trends in data management and analytics in CRO services. - Impact on real-time data access, predictive modeling, and decision-making.

#### **12. Regulatory Services Trends**

- Trends in regulatory services outsourcing. - Impact on compliance, market approvals, and post-market surveillance.

#### **13. Emerging Markets and Global Expansion**

- Growth and trends in CRO services in emerging markets. - Impact on global clinical development, diversity in patient populations, and cost advantages.

#### **14. COVID-19 Impact on CRO Market**

- Assessment of the impact of the COVID-19 pandemic on the CRO market. - Trends in remote clinical trials, virtual monitoring, and regulatory adaptations.

#### **15. Case Studies**

- Successful collaborations and projects in the CRO industry. - Challenges faced by CROs and lessons learned.

#### **16. Future Outlook**

- Emerging trends in CRO technology and services. - Anticipated changes in regulatory landscapes and market dynamics.

To Learn deeper into this report , View Sample PDF

#### **17. Recommendations**

- Strategic recommendations for pharmaceutical and biotech companies utilizing CRO services. - Areas for further research and development.

#### **18. Conclusion**

- Summarize key findings. - Concluding thoughts on the future of the Contract Research Organization market.

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