India Clinical Trials Market Size & Outlook, 2023-2030
India clinical trials market, 2018-2030 (US$M)
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India clinical trials market highlights
- The India clinical trials market generated a revenue of USD 1,332.9 million in 2023 and is expected to reach USD 2,223.2 million by 2030.
- The India market is expected to grow at a CAGR of 7.6% 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.
Clinical trials market data book summary
| Market revenue in 2023 | USD 1,332.9 million |
| Market revenue in 2030 | USD 2,223.2 million |
| Growth rate | 7.6% (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, India accounted for 1.7% 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 Asia Pacific, China clinical trials market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,675.0 million by 2030.
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Clinical Trials Market Scope
Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 53.16% in 2023. Horizon Databook has segmented the India 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.
It is anticipated to be the fastest-growing market over the forecast period. The country has become one of the favorite sites for clinical trials due to its diversified patient pool, cost-effectiveness, fast enrollment, developing healthcare & hospital network, highly educated physicians, and cost competitiveness.
Furthermore, increased interest of pharmaceutical and medical device companies in CROs for outsourcing clinical trials to India is anticipated to boost the market. For instance, in October 2023, the Clinical Trial Excellence Project was launched by Roche Pharma in India.
The project’s main objective is to strengthen public health institutions’ capabilities to do clinical trials & drug research in the country. The project will enable government hospitals to become the centers of excellence for clinical research in the country and move up the value chain.
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Our clientele includes a mix of clinical trials market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into India clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India clinical trials market size, by phase, 2018-2030 (US$M)
India Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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