Global Covid 19 Clinical Trials Market Size & Outlook
Global covid 19 clinical trials market, 2018-2030 (US$M)
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Global covid 19 clinical trials market highlights
- The global covid 19 clinical trials market generated a revenue of USD 5,256.1 million in 2023 and is expected to reach USD 9,212.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.3% by 2030.
- In terms of segment, phase ii accounted for a revenue of USD 2,249.7 million in 2023.
- Phase III is the most lucrative phase segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,256.1 million |
| Market revenue in 2030 | USD 9,212.2 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Phase ii |
| Fastest growing segment | Phase III |
| 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 29.4% of the global covid 19 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, Saudi Arabia is the fastest growing regional market and is projected to reach USD 25.1 million by 2030.
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COVID 19 Clinical Trials Market Scope
COVID 19 Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global covid 19 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 covid 19 clinical trials market will help companies and investors design strategic landscapes.
Phase ii was the largest segment with a revenue share of 42.8% in 2023. Horizon Databook has segmented the Global covid 19 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 COVID 19 Clinical Trials Phase Outlook (Revenue, USD Million, 2018-2030)
- Phase I
- Phase II
- Phase III
- Phase IV
- Others
- Global COVID 19 Clinical Trials Study Design Outlook (Revenue, USD Million, 2018-2030)
- Interventional trials
- Observational trials
- Expanded access trials
- Global COVID 19 Clinical Trials Product Outlook (Revenue, USD Million, 2018-2030)
- Therapeutics
- Vaccines
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Target buyers of Global covid 19 clinical trials market databook
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Our clientele includes a mix of covid 19 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 covid 19 clinical trials market , including forecasts for subscribers. This global databook contains high-level insights into Global covid 19 clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global covid 19 clinical trials market size, by region, 2018-2030 (US$M)
Top 10 countries: Covid 19 clinical trials market size, 2023 (US$M)
Global covid 19 clinical trials market share, by phase, 2023 & 2030 (%, US$M)
Covid 19 clinical trials market: Opportunity assessment by country
Global covid 19 clinical trials market, by region, 2023 (US$M)
| Phase | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 0.2 | 0.2 | 250.2 | 291.7 | 329.7 | 376.3 | 405.1 | 439.9 | 477.3 | 515.7 | 556.1 | 598.1 | 641.7 | 8.2% |
| Europe | 1.0 | 1.1 | 1,497.0 | 1,756.5 | 1,998.3 | 2,295.4 | 2,487.3 | 2,718.5 | 2,967.9 | 3,227.0 | 3,499.9 | 3,787.4 | 4,087.8 | 8.5% |
| North America | 0.7 | 0.7 | 1,007.9 | 1,182.7 | 1,345.7 | 1,546.0 | 1,675.6 | 1,831.8 | 2,000.4 | 2,175.8 | 2,361.7 | 2,557.1 | 2,761.5 | 9.3% |
| MEA | 0.2 | 0.2 | 216.8 | 239.1 | 255.0 | 273.7 | 276.0 | 279.5 | 281.3 | 280.3 | 276.9 | 270.6 | 305.5 | 1.6% |
| Asia Pacific | 0.3 | 0.3 | 481.1 | 571.5 | 658.0 | 764.8 | 838.3 | 926.5 | 1,022.7 | 1,124.1 | 1,232.4 | 1,347.6 | 1,415.8 | 9.0% |
| Overall | 2.2 | 2.4 | 3,453.0 | 4,041.5 | 4,586.6 | 5,256.1 | 5,682.3 | 6,196.2 | 6,749.5 | 7,322.9 | 7,927.0 | 8,560.6 | 9,212.2 | 8.4% |
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