Latin America Neurology Clinical Trials Market Size & Outlook
Latin America neurology clinical trials market, 2018-2030 (US$M)
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Latin America neurology clinical trials market highlights
- The Latin America neurology clinical trials market generated a revenue of USD 242.4 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 242.4 million |
| Market revenue in 2030 | USD 346.3 million |
| Growth rate | 5.2% (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, Latin America region accounted for 4.4% 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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Latin America 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 56.72% in 2023. Horizon Databook has segmented the Latin America 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.
In Latin America, 80% of the population lives in metropolitan cities. Three mega cities such as São Paulo, Buenos Aires, and Mexico City have a large patient pool. Lower cost and highly qualified investigators, medical personnel, & study coordinators with GCP-compliant knowledge contribute to higher clinical trial success rate.
Moreover, Mexico and Brazil are expected to witness lucrative market growth due to the cost advantage over developed economies such as the U.S. and European nations including Germany. These factors are expected to positively impact the market.
The clinical studies conducted in Latin America are according to the international standards, owing to the increasing inclination of international players to conduct their clinical trials in this region. A major factor contributing to growth is investigators’ access to thousands of treatment and trial candidates.
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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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America neurology clinical trials market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America neurology clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America neurology clinical trials market size, by country, 2018-2030 (US$M)
Latin America Neurology Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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