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It is anticipated that the clinical trials market would grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. When it comes to performing clinical studies to assess the safety and efficacy of novel medications, medical equipment, and therapies, the clinical trials market is a crucial component of the healthcare sector.
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Clinical Trials Market Size, Share, Industry, Forecast and outlook (2024-2031) Market Overview: The global clinical trials market is estimated to reach at (CAGR) of 7.4% during the forecast period (2024-2031), the clinical trials market plays a pivotal role in evaluating the safety and efficacy of new drugs, medical devices, and treatments within the healthcare industry. Market Trends: There's a rising trend towards a patient-centric approach in clinical trials, involving patients in trial design and granting them greater control over their participation. This approach aims to enhance patient satisfaction, retention, and data accuracy. Decentralized clinical trials conducted in a patient's home or community setting, rather than at a clinical trial site, are gaining traction. This shift can enhance patient recruitment, reduce costs, and boost participation rates. To know more Insights: https://www.datamintelligence.com/download-sample/clinical-trials-market Market Segmentation: The market is segmented based on phase, design, indication, service, and region. Notably, the oncology segment holds a prominent position, reflecting around 28.8% of the global clinical trials market. The increasing number of clinical trials for cancer treatment underscores this segment's dominance. Geographical Analysis:
North America leads the global clinical trials market, capturing about 40.3% of the market share in 2022, expected to rise to 40.7% by 2030. Factors such as increased clinical trial registrations and funding from authorities like the FDA and NCI contribute to this regional dominance. To access the complete report: https://www.datamintelligence.com/research-report/clinical-trials-market Competitive Landscape: Key players in the global clinical trials market include Iqvia Holdings Inc., Parexel International Corporation, Charles River Laboratories International, Inc., among others. These companies drive innovation and competitiveness within the market, contributing to its growth and evolution. Related Reports: Scar Treatment Oils Market: https://www.datamintelligence.com/research-report/scar-treatment-oils-market Medical Thermometer Market: https://www.datamintelligence.com/research-report/medical-thermometer-market Frozen Shoulder Syndrome Market: https://www.datamintelligence.com/research-report/frozen-shoulder-syndrome-market Cephalosporin Drugs Market: https://www.datamintelligence.com/research-report/cephalosporin-drugs-market Lactated Ringers Injection Market: https://www.datamintelligence.com/research-report/lactated-ringers-injection-market Divalproex Sodium Market: https://www.datamintelligence.com/research-report/divalproex-sodium-market About Us - DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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