Asia Pacific Neurology Clinical Trials Market Size & Outlook
Asia Pacific neurology clinical trials market, 2018-2030 (US$M)
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Asia Pacific neurology clinical trials market highlights
- The Asia Pacific neurology clinical trials market generated a revenue of USD 700.3 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 700.3 million |
| Market revenue in 2030 | USD 1,046.9 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase I |
| 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 |
| Key market players worldwide | Novartis AG ADR, Labcorp Holdings Inc, Medpace Holdings Inc, Charles River Laboratories International Inc, Icon PLC, GlaxoSmithKline Consumer Healthcare (GSK CH India), Aurora Innovation Inc Class A, Biogen Inc, IQVIA Holdings Inc, inVentiv Health |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 12.7% of the global neurology clinical trials market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,046.9 million by 2030.
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Neurology Clinical Trials Market Scope
Neurology Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific neurology 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 neurology clinical trials market will help companies and investors design strategic landscapes.
Phase iii was the largest segment with a revenue share of 47.38% in 2023. Horizon Databook has segmented the Asia Pacific neurology 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.
Asia Pacific is the fastest-growing market as many developed nations are investing in Asia Pacific region. The recruitment for clinical trials is increasing in Asia as compared to North America and Europe. This is due to the large patient pool & low trial cost.
Moreover, clinical research combined with experienced investigators & research teams is contributing to the market growth. Clinical research in the region is well-established, with many international pharmaceutical companies & CROs having been operating in the region for more than two decades.
There are also key opinion leaders and centers of excellence across various therapeutic areas in the region. The government is also making efforts to drive the neurology clinical trials market growth. It is allocating new resources for data collection & scientific infrastructure, strengthening the protection of intellectual property, and enhancing access to patient populations.
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Target buyers of Asia Pacific neurology clinical trials market databook
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Our clientele includes a mix of neurology 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 continent-level data and insights on the Asia Pacific neurology clinical trials market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific neurology clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific neurology clinical trials market size, by country, 2018-2030 (US$M)
Asia Pacific Neurology Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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