Global Rare Disease Clinical Trials Market Size & Outlook
Global rare disease clinical trials market, 2018-2030 (US$M)
Related Markets
Global rare disease clinical trials market highlights
- The global rare disease clinical trials market generated a revenue of USD 8,368.1 million in 2023 and is expected to reach USD 16,069.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.8% by 2030.
- In terms of segment, phase ii accounted for a revenue of USD 3,570.0 million in 2023.
- Phase III is the most lucrative phase segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 8,368.1 million |
| Market revenue in 2030 | USD 16,069.6 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Phase ii |
| Fastest growing segment | Phase III |
| 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 |
Other key industry trends
- In terms of revenue, the North America accounted for 49.1% of the global rare disease clinical trials market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 17.8 million by 2030.
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Rare Disease Clinical Trials Market Scope
Rare Disease Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global rare disease 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 rare disease clinical trials market will help companies and investors design strategic landscapes.
Phase ii was the largest segment with a revenue share of 42.66% in 2023. Horizon Databook has segmented the Global rare disease 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.
- Global Rare Disease Clinical Trials Phase Outlook (Revenue, USD Million, 2018-2030)
- Phase I
- Phase II
- Phase III
- Phase IV
- Others
- Global Rare Disease Clinical Trials Study Design Outlook (Revenue, USD Million, 2018-2030)
- Interventional trials
- Observational trials
- Expanded access trials
- Global Rare Disease Clinical Trials Therapeutic Area Outlook (Revenue, USD Million, 2018-2030)
- Cardiovascular Disorders
- Neurological Disorders
- Infectious Disease
- Genetic Disorders
- Autoimmune and Inflammation
- Hematologic Disorders
- Musculoskeletal Disorders
- Others
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Target buyers of Global rare disease clinical trials market databook
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Our clientele includes a mix of rare disease 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 global-level data and insights on the Global rare disease clinical trials market , including forecasts for subscribers. This global databook contains high-level insights into Global rare disease clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global rare disease clinical trials market size, by region, 2018-2030 (US$M)
Top 10 countries: Rare disease clinical trials market size, 2023 (US$M)
Global rare disease clinical trials market share, by phase, 2023 & 2030 (%, US$M)
Rare disease clinical trials market: Opportunity assessment by country
Global rare disease clinical trials market, by region, 2023 (US$M)
| Phase | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 223.3 | 248.7 | 244.9 | 271.6 | 300.3 | 331.2 | 364.3 | 399.6 | 437.4 | 477.7 | 522.4 | 571.8 | 626.7 | 7.5% |
| Europe | 1,564.1 | 1,750.7 | 1,732.2 | 1,930.1 | 2,144.3 | 2,375.8 | 2,625.6 | 2,894.0 | 3,182.3 | 3,492.6 | 3,837.1 | 4,220.3 | 4,647.1 | 7.9% |
| North America | 2,789.6 | 3,103.5 | 3,052.3 | 3,380.4 | 3,733.0 | 4,111.3 | 4,516.2 | 4,948.0 | 5,408.0 | 5,899.7 | 6,442.7 | 7,043.4 | 7,709.2 | 7.4% |
| MEA | 167.5 | 186.0 | 182.5 | 201.5 | 221.8 | 243.2 | 265.8 | 289.6 | 314.5 | 340.7 | 369.2 | 400.2 | 433.9 | 6.8% |
| Asia Pacific | 837.7 | 942.6 | 937.7 | 1,050.3 | 1,173.1 | 1,306.7 | 1,451.7 | 1,608.7 | 1,778.3 | 1,962.1 | 2,167.2 | 2,396.3 | 2,652.7 | 8.4% |
| Overall | 5,582.1 | 6,231.5 | 6,149.6 | 6,834.0 | 7,572.5 | 8,368.1 | 9,223.6 | 10,139.9 | 11,120.5 | 12,172.9 | 13,338.6 | 14,631.9 | 16,069.6 | 9.8% |
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