PUBLISHER: Value Market Research | PRODUCT CODE: 1267304
PUBLISHER: Value Market Research | PRODUCT CODE: 1267304
The global demand for Virtual Clinical Trials Market is presumed to reach the market size of nearly USD 26.12 BN by 2030 from USD 12.24 BN in 2022 with a CAGR of 9.94% under the study period 2023 - 2030.
A virtual clinical trial refers to clinical trial techniques facilitated by technology. A virtual approach enables individuals to participate in the trial from the convenience of their homes, ensuring that research may continue even when site visits are inconvenient. As a result, it provides an innovative tool for gathering safety and efficacy information from clinical study participants. These solutions consider the countless advantages of technology, advanced software, gadgets, online social networking sites, robotic process automation, machine learning, and others. These virtual clinical trials are convenient, affordable, and patient-focused.
The virtual clinical trial approach is more comfortable, patient-centered, and cost-effective, so virtual trials are becoming more popular and are growing. The government's attempt to increase public awareness also assists in the market expansion of virtual clinical trials. As the demand for a practical, time-saving, easy, safe platform for clinical purposes grows, so does the market for these trials is expected to scale up. Moreover, the market is growing since a lot of manufacturers are funding R&D initiatives. However,lack of public awareness may hamper the expansion of the virtual clinical trial market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of virtual clinical trials. The growth and trends of virtual clinical trials industry provide a holistic approach to this study.
This section of the virtual clinical trials market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Virtual Clinical Trials market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the virtual clinical trials market include ICON PLC, Parexel International Corporation, IQVIA, Covance, PRA Health Sciences, LEO Innovation Lab, Medidata, Oracle, CRF Health, Clinical Ink, Medable Inc, Clinical Ink, Halo Health Systems, Croprime. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.