Argentina Virtual Clinical Trials Market Size & Outlook
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Argentina virtual clinical trials market highlights
- The Argentina virtual clinical trials market generated a revenue of USD 94.9 million in 2023 and is expected to reach USD 142.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, interventional was the largest revenue generating study design in 2023.
- Expanded Access is the most lucrative study design segment registering the fastest growth during the forecast period.
Virtual clinical trials market data book summary
| Market revenue in 2023 | USD 94.9 million |
| Market revenue in 2030 | USD 142.8 million |
| Growth rate | 6% (CAGR from 2024 to 2030) |
| Largest segment | Interventional |
| Fastest growing segment | Expanded Access |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Interventional, Observational, Expanded Access |
| Key market players worldwide | Icon PLC, PAREXEL, IQVIA Holdings Inc, Labcorp Holdings Inc, LEO Pharma, Medidata, Oracle Corp, Signant Health |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.1% of the global virtual 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 virtual 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 142.8 million by 2030.
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Virtual Clinical Trials Market Scope
Virtual Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Signant Health | View profile | 1001-5000 | Blue Bell, Pennsylvania, United States, North America | https://www.signanthealth.com/ |
| Medidata | View profile | 1001-5000 | New York, New York, United States, North America | https://www.medidata.com |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.parexel.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| LEO Pharma | View profile | 1001-5000 | Parsippany, New Jersey, United States, North America | http://www.leo-pharma.us/ |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
Argentina 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 49.74% in 2023. Horizon Databook has segmented the Argentina virtual clinical trials market based on interventional, observational, expanded access covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina’s virtual clinical trials market is expected to exhibit lucrative growth in the coming years owing to increasing prevalence of cardiovascular diseases and favorable regulatory environment. Argentina is considered a promising country for economical clinical trials in the Latin American region.
It was one of the earliest Latin American countries to implement WHO’s Good Manufacturing Practices and Control standards recommendations. These factors are anticipated to propel growth of Argentina virtual clinical trials market.
The COVID-19 pandemic has had a negative impact on the existing conventional clinical trials in the country. As of 3rd February, 2021 there are over 1,943,548 coronavirus cases and over 48,426 deaths have occurred due to the pandemic in Argentina.
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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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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 Argentina virtual clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into Argentina virtual clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina virtual clinical trials market size, by study design, 2017-2030 (US$M)
Argentina Virtual Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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