Argentina Clinical Trials Market Size & Outlook, 2023-2030
Argentina clinical trials market, 2018-2030 (US$M)
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Argentina clinical trials market highlights
- The Argentina clinical trials market generated a revenue of USD 314.0 million in 2023 and is expected to reach USD 506.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.1% 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.
Clinical trials market data book summary
| Market revenue in 2023 | USD 314.0 million |
| Market revenue in 2030 | USD 506.1 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase I |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Icon PLC, Charles River Laboratories International Inc, IQVIA Holdings Inc, Syneos Health, SGS AG, PAREXEL, Wuxi AppTec Co Ltd, Labcorp Holdings Inc, Eli Lilly and Co, Novo Nordisk A/S ADR, Pfizer Inc, Caidya |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global clinical trials market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil clinical trials 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 506.1 million by 2030.
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Clinical Trials Market Scope
Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 53.18% in 2023. Horizon Databook has segmented the Argentina 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.
Although Argentina was not well-known as an outsourcing location until just a few years ago, the combination of good healthcare infrastructure, national clinical trial standards compatible with international norms, and easy recruitment of patients have led to the speedy growth of the CRO industry in Argentina.
The government has set up a series of government-run clinical investigative sites (ANMAT sites) in high-population urban areas. The biotechnology and pharmaceutical industries also prefer Argentina for clinical research due to easy patient recruitment.
Population in Argentina does not have health coverage, and in some cases, has very limited access to basic healthcare. Hence, major potential treatment-naïve patient pools are available to recruit for clinical trials. The ANMAT sites further reduce the overhead of recruiting & managing clinical trials, thus adding to the country as the destination for clinical trials.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into Argentina clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina clinical trials market size, by phase, 2018-2030 (US$M)
Argentina Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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