Latin America Clinical Trial Patient Recruitment Services Market Size & Outlook
Latin America clinical trial patient recruitment services market, 2018-2030 (US$M)
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Latin America clinical trial patient recruitment services market highlights
- The Latin America clinical trial patient recruitment services market generated a revenue of USD 18.8 million in 2023.
- The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, phase iii was the largest revenue generating phase in 2023.
- Phase I is the most lucrative phase segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 18.8 million |
| Market revenue in 2030 | USD 33.4 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase I |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Phase I, Phase II, Phase III, Phase IV |
| Key market players worldwide | Thermo Fisher Scientific Inc, IQVIA Holdings Inc, Clara Health, Antidote Health, BBK Worldwide, Clariness, Costas Inc, Worldwide Clinical Trials, Veristat, Elligo Health Research |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.1% of the global clinical trial patient recruitment services market in 2023.
- 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 337.4 million by 2030.
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Clinical Trial Patient Recruitment Services Market Scope
Clinical Trial Patient Recruitment Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America clinical trial patient recruitment services 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 clinical trial patient recruitment services market will help companies and investors design strategic landscapes.
Phase iii was the largest segment with a revenue share of 57.45% in 2023. Horizon Databook has segmented the Latin America clinical trial patient recruitment services market based on phase i, phase ii, phase iii, phase iv covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America accounted for 2.1% market share in 2022. The increasing number of clinical trials in the region and new drug development in oncology are some factors driving the clinical trial patient recruitment services market.
Nearly 81% of the Latin American population lives in metropolitan cities, with São Paulo, Buenos Aires, and Mexico City holding large patient pools. In addition to patient recruitment, patient retention is very high due to the healthy patient-physician relationship.
Clinical studies conducted in Latin America comply with international standards, boosting the inclination among international players to conduct their clinical trials in this region. The abovementioned factors support the Latin American market.
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Target buyers of Latin America clinical trial patient recruitment services market databook
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Our clientele includes a mix of clinical trial patient recruitment services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America clinical trial patient recruitment services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America clinical trial patient recruitment services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America Clinical Trial Patient Recruitment Services Market Outlook Share, 2023 & 2030 (US$M)
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