North America Clinical Trials Market Size & Outlook
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North America clinical trials market highlights
- The North America clinical trials market generated a revenue of USD 43,029.5 million in 2024.
- The market is expected to grow at a CAGR of 7% from 2025 to 2033.
- In terms of segment, phase iii was the largest revenue generating phase in 2024.
- Phase I is the most lucrative phase segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2033.
North America data book summary
| Market revenue in 2024 | USD 43,029.5 million |
| Market revenue in 2033 | USD 77,319.6 million |
| Growth rate | 7% (CAGR from 2025 to 2033) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase I |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| 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, North America region accounted for 50.9% of the global clinical trials market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 34,232.8 million by 2033.
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Clinical Trials Market Scope
Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Caidya | View profile | 1001-5000 | Morrisville, North Carolina, United States, North America | https://www.caidya.com |
| Syneos Health | View profile | 1001-5000 | Morrisville, North Carolina, United States, North America | https://www.syneoshealth.com/ |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.parexel.com |
| SGS AG | View profile | 103193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | https://www.sgs.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| Wuxi AppTec Co Ltd | View profile | 41116 | 288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, China, People's Republic of, 200131 | https://www.wuxiapptec.com |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Novo Nordisk A/S ADR | View profile | 66015 | Novo Alle 1, Bagsvaerd, Denmark, 2880 | https://www.novonordisk.com |
| Eli Lilly and Co | View profile | 43000 | Lilly Corporate Center, Indianapolis, IN, United States, 46285 | https://www.lilly.com |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Charles River Laboratories International Inc | View profile | 21400 | 251 Ballardvale Street, Wilmington, MA, United States, 01887 | https://www.criver.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| Pfizer Inc | View profile | 88000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | https://www.pfizer.com |
North America 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 56.43% in 2024. Horizon Databook has segmented the North America clinical trials market based on phase i, phase ii, phase iii, phase iv covering the revenue growth of each sub-segment from 2021 to 2033.
The U.S. is the largest market for clinical trials as the country spends the highest healthcare per capita, and an increased number of clinical trials have been undertaken to seek FDA approval. In addition, many companies have shifted their focus to outsourcing emerging market players due to the increasing regulatory requirements and long approval timelines.
This has led to the majority of outsourcing activities in North America. High research cost further prompts companies to outsource clinical trials to other research organizations. Several companies, such as Parexel International Corporation and Charles River Laboratory, are present in North America.
The regional presence of these companies encourages the collaboration of technology and data management, allowing better data accessibility and trial monitoring, fueling the market demand. Moreover, the increasing number of product pipelines is encouraging big pharmaceutical & biopharmaceutical and medical device companies to invest in clinical trials R&D services.
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Target buyers of North America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America clinical trials market , including forecasts for subscribers. This continent databook contains high-level insights into North America clinical trials market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
North America clinical trials market size, by country, 2021-2033 (US$M)
North America Clinical Trials Market Outlook Share, 2024 & 2033 (US$M)
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