Europe Clinical Trials Market To Reach $32.43 Billion By 2030

Europe Clinical Trials Market Growth & Trends

The Europe clinical trials market size is expected to reach USD 32.43 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of  6.86% from 2025 to 2030. The rise in technological advancement for clinical trials is one of the key factors driving the market. The growing adoption of new technologies like artificial intelligence, big data analytics, blockchain, clinical trials payments, and patient engagement solutions among others have significantly contributed to the market growth. The COVID-19 pandemic had improved the adoption of virtual clinical trials in the region. Therefore, the growing adoption of new technologies is likely to promote the growth of the market.

The demand for personalized medicines has significantly improved in the region owing to significant research funding for personalized therapies by the European Commission. The aim of various countries in Europe is to collaborate research and health policy to accelerate the adoption of personalized medicine with the formation of the International Consortium for Personalized Medicine, which brings together health research funders and policymaking groups. Such activities are likely to promote market growth. The region suffers from growing disease variation and prevalence. A significant number of people in the region suffer from chronic and rare diseases.

For instance, the European Commission states that approximately 5,000-8,000 distinct rare diseases affect around 6-8% of the European population i.e., between 27 - 36 million. Thus, the high burden of rare diseases is likely to increase the demand for researchers to develop therapeutics for rare diseases. The rising cost associated with research studies has increased the demand for CROs in the region for conducting clinical trials. The partnership agreement between pharmaceutical companies and CROs is likely to promote market growth.

Europe was one the worst affected region by the COVID-19 pandemic, owing to which public organizations in the region made significant funding in research to boost the development of COVID-19 vaccines and diagnostics. For instance, in June 2020 the French president pledged to invest USD 679 million to support the development of COVID-19 vaccines. Owing to the pandemic several research centers were shut down due to the national lockdown implemented by the government authorities, owing to which several clinical trial organizations opted for in silico trials and virtual clinical trials to speed up the research process. Such actions had profited the growth of the market.

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Europe Clinical Trials Market Report Highlights

• The phase I trial segment is projected to witness a remarkable growth rate of 7.49% over the forecast period. This can be attributed to the significant R&D spending by public and private organizations to support new researches

• The interventional study design segment held the largest market share of 80.57% in 2024 owing to the greater accuracy offered by these studies, as compared to other clinical study designs

• European countries such as Germany and the U.K. are spearheading the revenue share, as these have a large patient pool and the presence of advanced medical infrastructure

Europe Clinical Trials Market Segmentation

Grand View Research has segmented the Europe clinical trials market report based on phase, study design, indication, service type, and sponsor

Europe Clinical Trials Phase Outlook (Revenue, USD Million, 2018 - 2030)

• Phase I

• Phase II

• Phase III

• Phase IV

Europe Clinical Trials Study Design Outlook (Revenue, USD Million, 2018 - 2030)

• Interventional studies

• Observational studies

• Expanded access studies

Europe Clinical Trials Indication Outlook (Revenue, USD Million, 2018 - 2030)

• Autoimmune/inflammation

  • Rheumatoid arthritis

  • Multiple sclerosis

  • Osteoarthritis

  • Irritable Bowel Syndrome (IBS)

  • Others

• Pain management

  • Chronic pain

  • Acute pain

• Oncology

  • Blood cancer

  • Solid tumors

  • Other

• CNS conditions

  • Epilepsy

  • Parkinson's Disease (PD)

  • Huntington's Disease

  • Stroke

  • Traumatic Brain Injury (TBI)

  • Amyotrophic Lateral Sclerosis (ALS)

  • Muscle regeneration

  • Others

• Diabetes

• Obesity

• Cardiovascular

• Others

Europe Clinical Trials Service Type Outlook (Revenue, USD Million, 2018 - 2030)

• Protocol Designing

• Site Identification

• Patient Recruitment

• Laboratory Services

• Bioanalytical Testing Services

• Clinical Trial Data Management Services

• Others

Europe Clinical Trials Sponsor Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical & biopharmaceutical companies

• Medical device companies

• Others

Europe Clinical Trials Regional Outlook (Revenue, USD Million, 2018 - 2030)

• UK

• Germany

• France

• Spain

• Italy

• Denmark

• Sweden

• Norway

List of Key Players of Europe Clinical Trials Market

• IQVIA HOLDINGS, INC.

• PAREXEL International Corporation

• Pharmaceutical Product Development (PPD) LLC.

• Syneos Health Inc.

• Eli Lilly and Company

• Novo Nordisk A/S

• Pfizer, Inc.

• Dr. Notghi Contract Research GmbH

• Charite Research Organisation GmbH

• Janssen Global Services, LLC

• Mondosano GmbH

• KFGN

• Clariness

• Invisio clinical studies consulting