Mexico Eclinical Solutions Market Size & Outlook
Mexico eclinical solutions market, 2018-2030 (US$M)
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Mexico eclinical solutions market highlights
- The Mexico eclinical solutions market generated a revenue of USD 119.6 million in 2023 and is expected to reach USD 351.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 16.6% from 2024 to 2030.
- In terms of segment, ctms was the largest revenue generating product in 2023.
- ECOA is the most lucrative product segment registering the fastest growth during the forecast period.
Eclinical solutions market data book summary
| Market revenue in 2023 | USD 119.6 million |
| Market revenue in 2030 | USD 351.1 million |
| Growth rate | 16.6% (CAGR from 2023 to 2030) |
| Largest segment | Ctms |
| Fastest growing segment | ECOA |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | ECOA, EDC & CDMS, Clinical Analytics Platforms, Clinical Data Integration Platforms, Safety solutions, CTMS, RTSM, ETMF, EConsent |
| Key market players worldwide | DATATRAK International Inc, Oracle Corp, PAREXEL, Dassault Systemes SE, Signant Health, Clario, eClinicalWorks, International Business Machines Corp, IQVIA Holdings Inc, Veeva Systems Inc Class A, Anju Software, MaxisIT Inc., Castor |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.9% of the global eclinical solutions market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. eclinical solutions market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 351.1 million by 2030.
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EClinical Solutions Market Scope
EClinical Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico eclinical solutions 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 eclinical solutions market will help companies and investors design strategic landscapes.
Ctms was the largest segment with a revenue share of 21.57% in 2023. Horizon Databook has segmented the Mexico eclinical solutions market based on ecoa, edc & cdms, clinical analytics platforms, clinical data integration platforms, safety solutions, ctms, rtsm, etmf, econsent covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is expected to witness lucrative growth in coming years. According to ClinicalTrials.gov the number of clinical trials conducted in Mexico has increased. The studies conducted in the country were mostly phase III clinical trials that intended to test the large-scale safety and efficacy of new molecules in drug development.
Mexico has improved its regulatory environment due to local presence of international CROs such as Calyx. Mexico's large ageing population base, high number of patients, improved regulatory environment, and low cost in clinical trials has made it an attractive place for clinical trial outsourcing. Mexico’s Ministry of health, COFEPRIS, declared that Mexico is the most viable Central & South American country in clinical protocols for new drug development.
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Our clientele includes a mix of eclinical solutions 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 Mexico eclinical solutions market , including forecasts for subscribers. This country databook contains high-level insights into Mexico eclinical solutions market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico eclinical solutions market size, by product, 2018-2030 (US$M)
Mexico EClinical Solutions Market Outlook Share, 2023 & 2030 (US$M)
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