15 August 2018
Visiongain’s new report Pharma Clinical Trial Services Market and Industry Forecast 2017-2027: Early Phase Services, Late Phase Services, Other Services, Pharma, Biotech, Other End-Users, Cancer, Cardiovascular Diseases, CNS, Infectious Diseases, Metabolic Diseases, Other Diseases indicates that the pharma clinical trial sales market will see $61.92bn in spending in 2021.
The pharma clinical trial services market is expected to grow at a CAGR of 9.5% in the first half of the forecast period. The market is expected to grow at a CAGR of 9.8% from 2016-2027. The pharma clinical trial services market is estimated at $39.56bn in 2016 dominated by the late-phase services, which held 56% of share.
The lead analyst of the report said: “The pharma clinical trial services market is driven by several factors, which include the rise in research and development activities by biopharmaceutical organizations, increasing importance of contract research organizations in the emerging markets, and growth in biopharmaceutical research and development expenditures.
However, challenges such as patient recruitment and retention as well as regulatory challenges are some of the factors hampering the growth of this market.”
The 188-page report contains 145 charts that add visual analysis in order to explain the developing trends within the pharma clinical trial services market.
Visiongain provides revenue forecasts for the period 2017-2027 as well as qualitative analyses for the leading segments by type of services (early phase, late phase and other services), end-users (pharma, biotech companies and other end-users) and therapeutic area (Cancer, Cardiovascular, CNS, Infectious Diseases, Metabolic Diseases and other Diseases).
The 188-page report offers market forecasts for the US, Rest of North America, Germany, UK, France, Italy, Spain, Russia, Central and Eastern Europe, Rest of Europe, China, Japan, India, South Korea, Rest of APAC, Latin America, Brazil, Middle East and Africa.
Moreover, our work discusses the leading companies in the pharma clinical trial services market.
The report Pharma Clinical Trial Services Market and Industry Forecast 2017-2027: Early Phase Services, Late Phase Services, Other Services, Pharma, Biotech, Other End-Users, Cancer, Cardiovascular Diseases, CNS, Infectious Diseases, Metabolic Diseases, Other Diseases report will be of value to anyone who wants to better understand the pharma clinical trial services market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the pharma clinical trial services market.
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