Global Virtual Clinical Trials Market Size & Outlook
The virtual clinical trials industry worldwide is expected to reach a projected revenue of US$ 12,903.7 million by 2030. A compound annual growth rate of 5.7% is expected of the worldwide virtual clinical trials industry from 2023 to 2030.
Revenue, 2022 (US$M)
$8,281.8
Forecast, 2030 (US$M)
$12,903.7
CAGR, 2023 - 2030
5.7%
Report Coverage
Worldwide
Global virtual clinical trials market, 2017-2030 (US$M)
Related Markets
Global virtual clinical trials market highlights
- The global virtual clinical trials market generated a revenue of USD 8,281.8 million in 2022 and is expected to reach USD 12,903.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.7% by 2030.
- In terms of segment, interventional accounted for a revenue of USD 3,870.8 million in 2022.
- Expanded Access is the most lucrative study design segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 8,281.8 million |
| Market revenue in 2030 | USD 12,903.7 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Interventional |
| Fastest growing segment | Expanded Access |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Interventional, Observational, Expanded Access |
Other key industry trends
- In terms of revenue, the North America accounted for 49.0% of the global virtual clinical trials market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 502.8 million by 2030.
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Virtual Clinical Trials Market Scope
Virtual clinical trials market segmentation & scope
Virtual Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global virtual 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 virtual clinical trials market will help companies and investors design strategic landscapes.
interventional was the largest segment with a revenue share of 46.74% in 2022. Horizon Databook has segmented the Global virtual clinical trials market based on interventional, observational, expanded access covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Virtual Clinical Trials Study Design Outlook (Revenue, USD Million, 2017-2030)
- Interventional
- Observational
- Expanded Access
- Global Virtual Clinical Trials Indication Outlook (Revenue, USD Million, 2017-2030)
- Oncology
- Cardiovascular
- Others
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Target buyers of Global virtual clinical trials market databook
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Our clientele includes a mix of virtual 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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Horizon Databook provides a detailed overview of global-level data and insights on the Global virtual clinical trials market , including forecasts for subscribers. This global databook contains high-level insights into Global virtual clinical trials market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global virtual clinical trials market statistics, by regions, 2017-2030 (US$M)
Top 10 countries: Virtual clinical trials market size, 2022 (USD Million)
Top 10 countries: Virtual clinical trials market size, 2022 (USD Million)
Global virtual clinical trials market, by region, 2022 (US$M)
Related regional statistics
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