Mexico Ai-based Clinical Trials Solution Provider Market Size & Outlook
Mexico ai-based clinical trials solution provider market, 2018-2030 (US$M)
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Mexico ai-based clinical trials solution provider market highlights
- The Mexico ai-based clinical trials solution provider market generated a revenue of USD 18.1 million in 2021 and is expected to reach USD 159.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 27.3% from 2022 to 2030.
- In terms of segment, oncology was the largest revenue generating therapeutic applications in 2021.
- CVD is the most lucrative therapeutic applications segment registering the fastest growth during the forecast period.
Ai-based clinical trials solution provider market data book summary
| Market revenue in 2021 | USD 18.1 million |
| Market revenue in 2030 | USD 159.3 million |
| Growth rate | 27.3% (CAGR from 2021 to 2030) |
| Largest segment | Oncology |
| Fastest growing segment | CVD |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oncology, CVD, Neurological Diseases or conditions, Metabolic diseases, Infectious diseases |
| Key market players worldwide | The Carlyle Group Inc, Mendel.ai, Median Technologies, SAI.TECH Global Corp, Alphabet Inc Class A, Exscientia PLC ADR |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.4% of the global ai-based clinical trials solution provider market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil ai-based clinical trials solution provider market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 124.5 million by 2030.
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AI-based Clinical Trials Solution Provider Market Scope
AI-based Clinical Trials Solution Provider Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico ai-based clinical trials solution provider market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai-based clinical trials solution provider market will help companies and investors design strategic landscapes.
Oncology was the largest segment with a revenue share of 23.2% in 2021. Horizon Databook has segmented the Mexico ai-based clinical trials solution provider market based on oncology, cvd, neurological diseases or conditions, metabolic diseases, infectious diseases covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is an attractive destination for outsourcing clinical trials as cost plays a major factor. Moreover, proximity to the U.S. and availability of investigators in urban areas help in cost-cutting. As the people in the country cannot afford treatment of chronic diseases, they usually prefer participating in such trials.
Hence, availability of diverse patient pool is one of the factors driving the market. These factors are also supporting adoption of AI-based clinical trial solutions by pharmaceutical companies and others in the country.
In addition, Mexico is also one of the preferred countries in Latin America due to cost saving and speed with which the trials are performed. Increasing number of trials outsourced to this country has led to many regulatory changes, boosting market growth.
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Target buyers of Mexico ai-based clinical trials solution provider market databook
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Our clientele includes a mix of ai-based clinical trials solution provider market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico ai-based clinical trials solution provider market, including forecasts for subscribers. This country databook contains high-level insights into Mexico ai-based clinical trials solution provider market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico artificial intelligence based clinical trials solution provider market size, by therapeutic applications, 2018-2030 (US$M)
Mexico AI-based Clinical Trials Solution Provider Market Share, 2021 & 2030 (US$M)
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