U.S. Ai-based Clinical Trials Solution Provider Market Size & Outlook
U.S. ai-based clinical trials solution provider market, 2018-2030 (US$M)
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U.S. ai-based clinical trials solution provider market highlights
- The U.S. ai-based clinical trials solution provider market generated a revenue of USD 493.5 million in 2021 and is expected to reach USD 2,165.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 17.9% 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 493.5 million |
| Market revenue in 2030 | USD 2,165.5 million |
| Growth rate | 17.9% (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, U.S. accounted for 37.4% 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 North America, U.S. ai-based clinical trials solution provider market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 481.8 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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U.S. 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 23.3% in 2021. Horizon Databook has segmented the U.S. 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.
The U.S. was the largest market in North America and contributed to around 85% of the market share in 2020. This can be attributed to increasing adoption of technologically advanced solutions in the country for clinical trials.
Furthermore, healthcare, and pharmaceutical industry in the U.S. has been the pioneer in development of new medicines, thereby proving to be one of the major investors for R&D processes. In addition, presence of well-established pharmaceutical companies that are adopting technologically advanced solutions for clinical trials is boosting the market growth.
Furthermore, market players are adopting strategies to be competitive in the market such as introduction of new products to ease the process of conducting clinical trials, geographic expansion, addition of new services in their portfolios, and collaborations.
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Target buyers of U.S. 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 U.S. ai-based clinical trials solution provider market, including forecasts for subscribers. This country databook contains high-level insights into U.S. ai-based clinical trials solution provider market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. artificial intelligence based clinical trials solution provider market size, by therapeutic applications, 2018-2030 (US$M)
U.S. AI-based Clinical Trials Solution Provider Market Share, 2021 & 2030 (US$M)
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