At what pace is the clinical trial support services market growing, and what is its estimated value?
The clinical trial support services market size has grown strongly in recent years. It will grow from $22.62 billion in 2024 to $24.55 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to increased outsourcing of clinical trials, rising healthcare expenditures, growth of the pharmaceutical and biotechnology sectors, regulatory changes and reforms, globalization of clinical trials, increasing prevalence of diseases, rise in clinical research funding and demand for faster drug development.
The clinical trial support services market size is expected to see rapid growth in the next few years. It will grow to $33.68 billion in 2029 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to increasing demand for personalized medicine, growing prevalence of chronic diseases, rising investment in research and development, regulatory support for clinical trials, expansion of outsourcing in clinical trials, increasing focus on patient-centric trials, rise in clinical trial complexity and emergence of new therapeutic areas. Major trends in the forecast period include artificial intelligence, machine learning, blockchain technology, big data analytics, wearable devices, decentralized clinical trials, electronic data capture, clinical trial management systems, remote patient monitoring and virtual clinical trials.
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What are the top drivers to the rising demand in the clinical trial support services market?
The emerging personalized medicine is expected to propel the growth of the clinical trial support services market going forward. Personalized medicine involve tailoring treatments to individual patients based on their genetic, environmental, and lifestyle factors to optimize outcomes and improve care. The use of personalized medicine is increasing due to factors such as advancements in genomics, growing availability of biomarker-based diagnostics, improved data analytics technologies and a rising demand for more targeted and effective therapies. Clinical trial support services facilitate personalized medicine by optimizing patient recruitment, implementing biomarker-driven trial designs, and ensuring regulatory compliance, enabling the development of targeted therapies tailored to individual genetic and disease profiles. For instance, in February 2024, according to the Personalized Medicine Coalition (PMC), a US-based nonprofit organization, the U.S. Food and Drug Administration (FDA) approved 26 new personalized treatments in 2023, a significant increase from the 12 approved in 2022. Therefore, the emerging personalized medicine is driving the growth of the clinical trial support services market.
How is the clinical trial support services market segmented?
The clinical trial support services market covered in this report is segmented –
1) By Service: Clinical Trial Site Management, Data Management, Patient Recruitment Management, Administrative Staff, Institutional Review Board (IRB), Other Services
2) By Phases: Preclinical Studies, Phase I, Phase II, Phase III, Phase IV
3) By Application: Oncology, Central Nervous System (CNS) And Mental Disorders, Cardiovascular Diseases, Infectious Diseases, Bood Disorders, Other Applications
Subsegments:
1) By Clinical Trial Site Management: Site Selection, Site Initiation, Site Monitoring, Site Close-out
2) By Data Management: Data Collection, Data Validation, Electronic Data Capture (EDC), Statistical Analysis
3) By Patient Recruitment Management: Patient Screening, Enrollment Strategy, Retention Services
4) By Administrative Staff: Clinical Research Coordinators, Project Managers, Regulatory Affairs Specialists
5) By Institutional Review Board (IRB): Ethical Review, Protocol Review, Compliance Monitoring
6) By Other Services: Regulatory Consulting, Quality Assurance, Medical Writing, Investigator Training
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Who are the top competitors in the clinical trial support services market?
Major companies operating in the clinical trial support services market are Pfizer Inc., F. Hoffmann-La Roche AG, Sanofi S.A., Thermo Fisher Scientific Inc., Eli Lilly and Company, Novo Nordisk A/S, Iqvia Inc., Laboratory Corporation of America Holdings (Labcorp), ICON plc, SGS S.A., Eurofins Scientific SE, WuXi AppTec, Syneos Health, Catalent Inc., Charles River Laboratories International Inc., Medpace Holdings Inc., Pharmaron, MARKEN Ltd., Novotech, ClinChoice Private Limited, Medidata Solutions Inc., Premier Research, Quotient Sciences Ltd., Caidya, MMS Holdings Inc., Celerion Inc., Parexel International (MA) Corporation, Alcura Health, Almac Group, Brighter Health Network LLC
What significant trends should we anticipate in the clinical trial support services market over the forecast period?
Major companies operating in the clinical trial support services market are focusing on developing patient-centric trials to enhance recruitment, improve retention, minimize participant burden, and ensure a more inclusive and positive experience for diverse patient populations. Patient-centric trials are clinical studies designed with a focus on the needs, preferences, and experiences of patients, aiming to improve accessibility, engagement, and overall participant satisfaction throughout the trial process. For instance, in March 2023, Leal Health, a US-based patient-first digital health company, launched first-of-its-kind patient-centric program-level analytics platform designed to be integrated with pharmaceutical companies’ online clinical trial websites that enables to develop and execute effective, patient-focused programs to ensure high-quality patient candidates, reduce recruitment timelines and achieve operational efficiencies for a better end-to-end patient experience. The platform focuses on developing effective, patient-focused programs that ensure high-quality patient candidates for clinical trials.
Which regional trends are influencing the clinical trial support services market, and which area dominates the industry?
North America was the largest region in the clinical trial support services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clinical trial support services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Clinical Trial Support Services Market Report 2025 Offer?
The clinical trial support services market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Clinical trial support services refer to a range of specialized services that assist in the planning, execution, and management of clinical trials, ensuring regulatory compliance, data integrity, patient recruitment, and overall trial efficiency. These services help streamline the drug development process, reduce operational complexities, and enhance the quality and reliability of trial outcomes.
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