Market Overview:
The global clinical trial support service market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in this market can be attributed to the increasing number of clinical trials, rising demand for patient recruitment services, and growing demand for lab kit handling and calculation of specific dosing services. However, the high cost associated with these services is expected to restrain the growth of this market during the forecast period. On the basis of type, the global clinical trial support service market can be segmented into patient recruitment services, lab kit handling services, calculation of specific dosing services, and others. Patient recruitment services are expected to account for a major share of this market during the forecast period owing to their ability to reduce time-to-market and improve study feasibility.
Product Definition:
A clinical trial support service provides assistance to investigators and research staff conducting clinical trials. Services may include, but are not limited to, protocol development and review, patient recruitment and retention services, data management and analysis, biostatistical consultation, safety monitoring, medical writing services. The importance of a clinical trial support service is that it can provide the necessary expertise to ensure a successful clinical trial.
Patient Recruitment:
Patient recruitment is the process of finding participants for clinical studies. It includes approaches to encourage people with specific diseases or conditions to participate in research studies. The main goal of patient recruitment is to obtain a sufficient number of patients for conducting an effective study and reaching statistical significance.
Lab Kit Handling:
The global lab kit handling and its usage in clinical trial support services market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this market includes increasing R&D activities by biotechnology and pharmaceutical companies for new drug development, which has led to a rise in demand for lab kits. Besides, growing awareness about bio-samples collection among researchers also contributes towards the Lab Kit Handling & Usage In Clinical Trial Support Services Market Growth.
Application Insights:
The pharmaceutical company segment dominated the global clinical trial support service market in 2017. This is attributed to factors such as presence of multiple companies involved in drug development and production, presence of a highly skilled workforce, and availability of advanced technologies for drug discovery and development. Furthermore, an increase in the number of novel drugs undergoing clinical trials is expected to boost segment growth during the forecast period. For instance, according to IMS Health Ltd., around 603 million patients were treated with medicines for various diseases across the globe in 2016.
Moreover, an increase in investments by major players such as Pfizer Inc., Merck KGaA & Co., Ltd., Novartis AG et al. for discovering new therapeutic areas is expected to drive industry expansion over the forecast period (2017-2030).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and rising adoption of new technologies across various sectors, including healthcare & life sciences, pharmaceuticals & biotechnology, medical devices & diagnostics. In addition, growing number of clinical trials conducted in U.S.
Asia Pacific is anticipated to witness lucrative CAGR over the forecast period owing to rise in outsourcing activities by western countries especially U.S., due to shortage of qualified people within Asian countries themselves coupled with low cost-of-living compared with developed economies such as U.K., Germany or France etc.; hence making Asia a preferred destination for clinical trial operations centers (CTOCs).
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), non-communicable diseases such as heart disease, stroke, cancer, and diabetes accounted for 63% of all deaths in 2012. This number is expected to rise to 73% by 2030. The increasing prevalence of chronic diseases will lead to an increase in the demand for clinical trial support services.
- Growing demand for new drugs and therapies: The development of new drugs and therapies is a costly and time-consuming process that requires significant investment in research and development (R&D). Pharmaceutical companies are increasingly outsourcing clinical trial support services to third-party service providers in order to reduce costs and speed up the drug development process. This growing demand for clinical trial support services will help drive market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Clinical Trial Support Service Market Research Report
By Type
Patient Recruitment, Lab Kit Handling, Calculation of Specific Dosing, Others
By Application
Pharmaceutical Company, Biotech Company, Medical Device Company, Others
By Companies
Clinipace, Charles River Laboratories, LabCorp, ICON PLC, Parexel, IQVIA, Pharmaron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Clinical Trial Support Service Market Report Segments:
The global Clinical Trial Support Service market is segmented on the basis of:
Types
Patient Recruitment, Lab Kit Handling, Calculation of Specific Dosing, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Company, Biotech Company, Medical Device Company, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Clinipace
- Charles River Laboratories
- LabCorp
- ICON PLC
- Parexel
- IQVIA
- Pharmaron
Highlights of The Clinical Trial Support Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Patient Recruitment
- Lab Kit Handling
- Calculation of Specific Dosing
- Others
- By Application:
- Pharmaceutical Company
- Biotech Company
- Medical Device Company
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Clinical Trial Support Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Clinical Trial Support Service (CTSS) is a national, not-for-profit organization that provides support to people who are participating in clinical trials. CTSS helps participants by providing information about the trial, connecting them with resources and services, and monitoring their health.
Some of the major companies in the clinical trial support service market are Clinipace, Charles River Laboratories, LabCorp, ICON PLC, Parexel, IQVIA, Pharmaron.
The clinical trial support service market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Clinical Trial Support Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Clinical Trial Support Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Clinical Trial Support Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Clinical Trial Support Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Clinical Trial Support Service Market Size & Forecast, 2018-2028
4.5.1 Clinical Trial Support Service Market Size and Y-o-Y Growth
4.5.2 Clinical Trial Support Service Market Absolute $ Opportunity
Chapter 5 Global Clinical Trial Support Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Clinical Trial Support Service Market Size Forecast by Type
5.2.1 Patient Recruitment
5.2.2 Lab Kit Handling
5.2.3 Calculation of Specific Dosing
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Clinical Trial Support Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Clinical Trial Support Service Market Size Forecast by Applications
6.2.1 Pharmaceutical Company
6.2.2 Biotech Company
6.2.3 Medical Device Company
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Clinical Trial Support Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Clinical Trial Support Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Clinical Trial Support Service Analysis and Forecast
9.1 Introduction
9.2 North America Clinical Trial Support Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Clinical Trial Support Service Market Size Forecast by Type
9.6.1 Patient Recruitment
9.6.2 Lab Kit Handling
9.6.3 Calculation of Specific Dosing
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Clinical Trial Support Service Market Size Forecast by Applications
9.10.1 Pharmaceutical Company
9.10.2 Biotech Company
9.10.3 Medical Device Company
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Clinical Trial Support Service Analysis and Forecast
10.1 Introduction
10.2 Europe Clinical Trial Support Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Clinical Trial Support Service Market Size Forecast by Type
10.6.1 Patient Recruitment
10.6.2 Lab Kit Handling
10.6.3 Calculation of Specific Dosing
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Clinical Trial Support Service Market Size Forecast by Applications
10.10.1 Pharmaceutical Company
10.10.2 Biotech Company
10.10.3 Medical Device Company
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Clinical Trial Support Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Clinical Trial Support Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Clinical Trial Support Service Market Size Forecast by Type
11.6.1 Patient Recruitment
11.6.2 Lab Kit Handling
11.6.3 Calculation of Specific Dosing
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Clinical Trial Support Service Market Size Forecast by Applications
11.10.1 Pharmaceutical Company
11.10.2 Biotech Company
11.10.3 Medical Device Company
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Clinical Trial Support Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Clinical Trial Support Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Clinical Trial Support Service Market Size Forecast by Type
12.6.1 Patient Recruitment
12.6.2 Lab Kit Handling
12.6.3 Calculation of Specific Dosing
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Clinical Trial Support Service Market Size Forecast by Applications
12.10.1 Pharmaceutical Company
12.10.2 Biotech Company
12.10.3 Medical Device Company
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Clinical Trial Support Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Clinical Trial Support Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Clinical Trial Support Service Market Size Forecast by Type
13.6.1 Patient Recruitment
13.6.2 Lab Kit Handling
13.6.3 Calculation of Specific Dosing
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Clinical Trial Support Service Market Size Forecast by Applications
13.10.1 Pharmaceutical Company
13.10.2 Biotech Company
13.10.3 Medical Device Company
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Clinical Trial Support Service Market: Competitive Dashboard
14.2 Global Clinical Trial Support Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Clinipace
14.3.2 Charles River Laboratories
14.3.3 LabCorp
14.3.4 ICON PLC
14.3.5 Parexel
14.3.6 IQVIA
14.3.7 Pharmaron
