Mexico Neurology Clinical Trials Market Size & Outlook
Mexico neurology clinical trials market, 2018-2030 (US$M)
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Mexico neurology clinical trials market highlights
- The Mexico neurology clinical trials market generated a revenue of USD 46.3 million in 2023 and is expected to reach USD 66.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.4% 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.
Neurology clinical trials market data book summary
| Market revenue in 2023 | USD 46.3 million |
| Market revenue in 2030 | USD 66.8 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase I |
| 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, Mexico accounted for 0.8% 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 Latin America, Brazil neurology clinical trials market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 66.4 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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Mexico 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 66.31% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico is an attractive destination for outsourcing clinical trials as cost plays a major factor. Moreover, proximity to the U.S. and availability of investigators in urban areas also help in cost-cutting. As the population in the country cannot afford treatment of chronic diseases, they usually prefer participating in such trials.
Hence, availability of a diverse patient pool is one of the factors driving the market. The establishment of a regulatory entity—Federal Commission for the Protection against Sanitary Risk (COFEPRIS)—and shortening of setup time for clinical trials to two months have also attracted many clients.
In addition, there is high investment in infrastructure development to provide better facilities. Mexico’s largest hospital chain has invested around USD 700 million to build 15 new hospitals to encourage clinical trials and medical tourism. Such factors are likely to promote the neurology clinical trials market in the country.
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Target buyers of Mexico 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 country-level data and insights on the Mexico neurology clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into Mexico neurology clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico neurology clinical trials market size, by phase, 2018-2030 (US$M)
Mexico Neurology Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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