Global Clinical Trials Market Size & Outlook
The clinical trials industry worldwide is expected to reach a projected revenue of US$ 123,539.7 million by 2030. A compound annual growth rate of 6.3% is expected of the worldwide clinical trials industry from 2024 to 2030.
Revenue, 2023 (US$M)
$80,738.5
Forecast, 2030 (US$M)
$123,539.7
CAGR, 2024 - 2030
6.3%
Report Coverage
Worldwide
Global clinical trials market, 2018-2030 (US$M)
Related Markets
Global clinical trials market highlights
- The global clinical trials market generated a revenue of USD 80,738.5 million in 2023 and is expected to reach USD 123,539.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.3% by 2030.
- In terms of segment, phase iii accounted for a revenue of USD 43,064.5 million in 2023.
- Phase I is the most lucrative phase segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 80,738.5 million |
| Market revenue in 2030 | USD 123,539.7 million |
| Growth rate | 6.3% (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 |
Other key industry trends
- In terms of revenue, the North America accounted for 50.7% of the global clinical trials market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 2,862.6 million by 2030.
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Clinical Trials Market Scope
Clinical trials market segmentation & scope
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Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global clinical trials 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 trials market will help companies and investors design strategic landscapes.
phase iii was the largest segment with a revenue share of 53.34% in 2023. Horizon Databook has segmented the Global clinical trials market based on phase i, phase ii, phase iii, phase iv covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Clinical Trials Phase Outlook (Revenue, USD Million, 2018-2030)
- Phase I
- Phase II
- Phase III
- Phase IV
- Global Clinical Trials Study Design Outlook (Revenue, USD Million, 2018-2030)
- Interventional studies
- Observational studies
- Expanded access studies
- Global Clinical Trials Indication Outlook (Revenue, USD Million, 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 conditions
- Epilepsy
- Parkinson's Disease (PD)
- Huntington's Disease
- Stroke
- Traumatic Brain Injury (TBI)
- Amyotrophic Lateral Sclerosis (ALS)
- Muscle regeneration
- Others
- Diabetes
- Obesity
- Cardiovascular
- Others
- Autoimmune/Inflammation
- Global Clinical Trials Service Type Outlook (Revenue, USD Million, 2018-2030)
- Protocol Designing
- Site Identification
- Patient Recruitment
- Laboratory Services
- Bioanalytical Testing Services
- Clinical Trial Data Management Services
- Others
- Global Clinical Trials Sponser Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceutical & biopharmaceutical companies
- Medical device companies
- Others
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global clinical trials market databook
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Our clientele includes a mix of clinical trials 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 global-level data and insights on the Global clinical trials market , including forecasts for subscribers. This global databook contains high-level insights into Global clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global clinical trials market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Clinical trials market size, 2023 (USD Million)
Top 10 countries: Clinical trials market size, 2023 (USD Million)
Global clinical trials market, by region, 2023 (US$M)
Related regional statistics
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