North America Ai-based Clinical Trials Solution Provider Market Size & Outlook
North America ai-based clinical trials solution provider market, 2018-2030 (US$M)
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North America ai-based clinical trials solution provider market highlights
- The North America ai-based clinical trials solution provider market generated a revenue of USD 578.0 million in 2021.
- The market is expected to grow at a CAGR of 18.4% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 578.0 million |
| Market revenue in 2030 | USD 2,647.4 million |
| Growth rate | 18.4% (CAGR from 2021 to 2030) |
| Largest segment | Oncology |
| Fastest growing segment | CVD |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, North America region accounted for 43.8% of the global ai-based clinical trials solution provider market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,944.1 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 |
|---|
North America 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 23.37% in 2021. Horizon Databook has segmented the North America 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.
North America dominated the market with the largest market share in 2020. It accounted for 43.6% of global AI-based clinical trials solution providers market owing to high R&D investments, rapid technological advancements, growing adoption of technologically advanced solutions, presence of global players, and their efforts to come up with newer patents.
In addition, there are high funding and growth opportunities for startups in the region, which is expected to promote market growth. For instance, in 2020, Unlearn.AI, a U.S.-based company, received series A funding by 8VC, a leading venture capital company, in the country.
This is expected to help Unlearn in expanding its reach and increasing its product portfolio. Such instances signify growth potential of the market. In addition, industry players are making advances in their efforts to decrease timelines by adopting advanced technologies.
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Target buyers of North America 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 continent-level data and insights on the North America ai-based clinical trials solution provider market, including forecasts for subscribers. This continent databook contains high-level insights into North America ai-based clinical trials solution provider market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America artificial intelligence based clinical trials solution provider market size, by country, 2018-2030 (US$M)
North America AI-based Clinical Trials Solution Provider Market Share, 2021 & 2030 (US$M)
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