Sweden Clinical Trials Market Size & Outlook, 2023-2030
Sweden clinical trials market, 2018-2030 (US$M)
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Sweden clinical trials market highlights
- The Sweden clinical trials market generated a revenue of USD 1,070.5 million in 2023 and is expected to reach USD 1,582.4 million by 2030.
- The Sweden market is expected to grow at a CAGR of 5.7% 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 1,070.5 million |
| Market revenue in 2030 | USD 1,582.4 million |
| Growth rate | 5.7% (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, Sweden accounted for 1.3% 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 Europe, Germany clinical trials market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 5,320.8 million by 2030.
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Clinical Trials Market Scope
Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Sweden 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 53.44% in 2023. Horizon Databook has segmented the Sweden 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.
Growth in the country’s market can be attributed to the strong presence of small and midsized companies, with a few multinational corporations having local subsidiaries. The country maintains a strong position in the drug discovery & development industry, from early discovery to late-phase trials.
In addition, the presence of key pharmaceutical companies and the growing demand for drug discovery are expected to improve the demand for clinical trial services among pharmaceutical, biopharmaceutical & medical device companies located in Sweden.
The company further added that the first major collaborations with Fortrea & Parexel will enable the company’s digital health solutions to be offered to a wider customer base. All these factors are expected to support the demand for clinical trials in the country.
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Target buyers of Sweden 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 country-level data and insights on the Sweden clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into Sweden clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Sweden clinical trials market size, by phase, 2018-2030 (US$M)
Sweden Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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