Australia Neurology Clinical Trials Market Size & Outlook
Australia neurology clinical trials market, 2018-2030 (US$M)
Related Markets
Australia neurology clinical trials market highlights
- The Australia neurology clinical trials market generated a revenue of USD 39.4 million in 2023 and is expected to reach USD 58.2 million by 2030.
- The Australia 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 II is the most lucrative phase segment registering the fastest growth during the forecast period.
Neurology clinical trials market data book summary
| Market revenue in 2023 | USD 39.4 million |
| Market revenue in 2030 | USD 58.2 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase II |
| 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 | 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, Australia accounted for 0.7% of the global neurology clinical trials market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China neurology clinical trials market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 91.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Neurology Clinical Trials Market Scope
Neurology Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 50.51% in 2023. Horizon Databook has segmented the Australia 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.
Australia neurology clinical trials market is anticipated to grow significantly over the forecast period due to superior clinical research & healthcare infrastructure as well as topnotch research capabilities along with highly skilled researchers. Nearly 1, 000 new clinical trials are initiated every year in Australia, from phase I to phase IV for medicines and medical devices.
For early-phase clinical trials, the country is highly cost-competitive with the U.S. It is 28% less expensive than the U.S. before tax breaks and 60% less expensive after tax incentives. The country has a simplified regulatory process for approval of clinical trials.
It uses a clinical trial notification scheme, which means that the regulator simply needs to be informed of the results and that ethical committees handle the trial review procedure. In turn, this lessens the regulatory problems for clinical trial sponsors, allowing them to save money and time.
Reasons to subscribe to Australia neurology clinical trials market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Australia neurology clinical trials market databook
-
Our clientele includes a mix of neurology clinical trials market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Australia neurology clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into Australia neurology clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Australia neurology clinical trials market size, by phase, 2018-2030 (US$M)
Australia Neurology Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
