PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635077
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635077
The AI-based clinical trials solution market is experiencing significant growth, with revenues projected to increase from an estimated $2.4 billion in 2024 to $5.4 billion by 2030, reflecting a compound annual growth rate (CAGR) of 14.5% during 2025-2030. This expansion is driven by the increasing prevalence of chronic diseases and the growing demand for advanced drugs. Artificial intelligence (AI) plays a pivotal role in trial design, patient selection and recruitment, site selection, and patient monitoring, aiming to enhance the efficiency and success rates of clinical trials.
Key Insights
Pharmaceutical companies are investing significantly in AI to replenish their pipelines, contributing to market growth. The integration of AI in clinical trials accelerates drug discovery and development processes, reducing time and costs associated with bringing new therapies to market.
The adoption of real-world evidence (RWE) is a key trend in the market. RWE, collected from electronic health records, wearables, patient registries, and social media, enhances trial design and patient recruitment by providing insights into patient populations and treatment outcomes.
Data quality and integrity remain significant challenges. AI systems rely on accurate and comprehensive data for proper analysis and decision-making. Faulty or incomplete data can lead to incorrect results, undermining trust in AI applications.
The phase II clinical trial segment dominated the market with a revenue share of 40% in 2024. This is attributed to the large number of registered validation cases active in this phase and the increasing use of smart technologies for data gathering and analysis.
North America holds the largest market share, driven by the early adoption of advanced technologies and substantial investments in AI research and development. However, the Asia-Pacific region is expected to exhibit the fastest growth during the forecast period, due to increasing digital transformation initiatives and government investments in AI technologies.
The market is fragmented, with numerous technology companies developing AI-driven clinical trial solutions. Continuous innovation and strategic partnerships are essential for companies to maintain a competitive edge in this rapidly evolving market.